Second Avenue Real Estate Is Booming



Developers are eager to cash in on the new Second Avenue subway, bringing several high-end buildings, including East 89th Street's Citizen360, to a previously overlooked pocket of the Upper East Side.With three new subway stations finally open on Second Avenue between 63rd and 96th streets, this previously lackluster stretch of town is suddenly booming. “We’re seeing a spike in prices and new development,” says Beth Benalloul, a Corcoran Group Real Estate broker who specializes in the area. “The subway is driving people to look here.” According to a Halstead Property Development Marketing report issued late last year, at least 19 new residential towers are under construction in the vicinity, including a condo conversion at 389 East 89th Street, the Robert A.M. Stern–designed 20 East End Avenue, and the 84-unit condo development Citizen360—located on East 89th Street at First Avenue—which will open to residents this summer. “Families are drawn to the area,” says Stephen Glascock, president of Citizen360 developer Anbau, “and the subway opening will only get more New Yorkers to start taking the neighborhood seriously.”

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Properties of Note

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Remarkable Waterfront
Remarkable 1.30 acres of direct waterfront on Shorehaven Road. Stunning property complete with dock and mooring has incredible views of Sprite Island. The property extends to the inlet across Shorehaven Road for easy access to the water. A 1928 treasure as a year round home or great weekend retreat. 3,782 square feet, 5 Bedrooms, 5.1 Baths; or, plenty of land to create your own Shangri-La. 50 minutes from New York City.

Berkshire Hathaway HomeServices New England Properties

View more details of 20 Shorehaven Road, Norwalk (East Norwalk), CT

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In a premier location very close to the ocean on a quiet cul-de-sac, this newly completed stylish 8-bedroom traditional offers every amenity and showcases iconic farm views over the neighboring 15+/- acre reserve. Designed to exemplify Hamptons country living at its best, the superb residence artfully integrates the farm views and the natural light with 8,000+/- sf of living space. The 1.24+/- acre private, gated grounds are lushly landscaped and feature a pool, spa, and spacious stone patios.

Sotheby's International Realty

View more details of 46 Masefield Close, Sagaponack, NY

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Immerse yourself in natural splendor at this magical Bedford estate which captures the best of modern luxury in a blissful setting brimming with vibrant gardens, specimen plantings and towering age-old trees. Expansive and inviting, the residence is complemented by a stunning pool with spa, an outdoor fireplace as well as porches and terraces that provide lovely venues for enjoying the tranquility-producing surroundings. The estate’s connection to the outdoors continues at the neighboring bird sanctuary, and the Mianus River Gorge, a remarkable 755-acre nature preserve that reveals a world of outdoor pleasures.

Douglas Elliman Real Estate

View more details of 5 Hidden Valley Way, Bedford, NY

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This elegant, Tidewater Colonial, is in a charming cul-de-sac in the shoreline town of Madison. It was modeled after Carter’s Grove Mansion in Virginia. Superior craftsmanship throughout. Triple moldings, wood floors with Brazilian Cherry inlay, 4 fireplaces, Bang and Olufson Stereo System throughout the house are just a few of the fine details. Geothermal heating and air complete the picture. Landscape designer Lawrence Appleton created a private park-like atmosphere. This home is true luxury!

Berkshire Hathaway HomeServices New England Properties

View more details of 61 Wickford Place, Madison, CT

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DREAM RESORT LIVING IN CONNECTICUT
55 minutes from NYC
Spectacular resort-style living in this turnkey property, expanded and updated with high-end smart-home technology providing the ultimate in remote management, energy savings, home protection and convenience. Millions of dollars in top of the line craftsmanship additions, improvements and updates that include a free-form “smart” pool, elegant pool house and outdoor kitchen. Park-like grounds designed for privacy, entertainment, family living, and lifestyle. Price: $2,195,000
Listed exclusively by Ileana Barns-Slavin

William Raveis Luxury Properties

View more details of 97 Silver Spring Rd, Wilton, CT
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