Brown Harris Stevens Residential Management Names Richard Horovitz President of the Company

in

Brown Harris Stevens Residential Management, LLC announces that Richard Horovitz has been named President of the company. In this role, Horovitz will oversee the BHS Residential Management, LLC company as well as an extensive portfolio of cooperatives and condominiums in Manhattan’s most desirable buildings.

“Richard’s depth of experience both at Brown Harris Stevens and in the greater hospitality industry makes him a natural fit for the role of President,” stated Chief Operating Officer Alan J. Kersner. “His dedication to customer service and strong business acumen will help grow our division while continuing exceptional service for our existing clients.”

Richard Horovitz joined the company in 2016 and most recently served as its Co-President. Previously, he worked for several hotel groups in operational and service management roles.  Horovitz earned a Hotel, Restaurant and Business Management degree from Purdue University.

“I am grateful to take on this new endeavor at Brown Harris Stevens where I have spent the past decade working for Brown Harris Stevens’ premier residential management company,” said Mr. Horovitz.  “I look forward to continuing the company’s 150-year legacy of excellence for many years to come.”

Paul J. Herman, who previously served as President of BHS Residential Management, LLC will step into a consultant role as Chief Strategy Officer.

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Brooklyn's Crown Jewel: The $19.5M Penthouse at Olympia DUMBO Redefines Luxury Living

in

Brooklyn has officially claimed its spot at the pinnacle of luxury living with the unveiling of its most expensive condominium. Penthouse B at Olympia DUMBO has hit the market at an eye-watering $19.5 million, offering an unparalleled living experience in one of New York City's most dynamic neighborhoods.

Photo Credit: Pavel Bendov

A Residence Above All Else

Perched atop the 32nd floor of the sail-like Olympia DUMBO, Penthouse B spans a full 4,928 square feet, with five bedrooms, four-and-a-half baths, and a private 552-square-foot terrace boasting breathtaking views of the Brooklyn Bridge, Manhattan skyline, and New York Harbor. Designed by Interior Marketing Group, the home masterfully balances tone, texture, form, and scale.

Arriving via a private elevator to a dedicated landing, residents are greeted by a formal foyer and gallery that lead to sun-drenched living and dining areas. The Workstead-designed kitchen is both a functional and aesthetic triumph, tucked away for privacy but no less luxurious, featuring Fior di Bosco stone, raked maple cabinetry, and Gaggenau appliances.

The primary suite, with double walk-in closets and a seven-fixture bathroom, offers unparalleled comfort. Dual showers, a freestanding soaking tub, and a dedicated dressing area create a space as functional as it is opulent.

Olympia DUMBO: Redefining the Neighborhood

Developed by Fortis Property Group and designed by Hill West Architects, Olympia DUMBO is a 33-story tower that stands as a testament to modern design and innovation. The building, which is already over 50% sold, offers 76 meticulously crafted residences starting at $1.75 million, ranging from one-bedroom homes to expansive penthouses like Penthouse B.

Residents enjoy a host of world-class amenities spread across three floors. From indoor and outdoor pools to NYC’s highest private outdoor tennis court, a fitness center curated by GRONK Fitness, and even a juice bar, Olympia DUMBO provides a lifestyle of unparalleled convenience and luxury. Families will appreciate the shipwreck-themed playground and water park, ensuring that the youngest residents are as delighted as the adults.

A Celebrity Magnet

Olympia DUMBO has already attracted a roster of high-profile residents, including Joe Jonas, Brooklyn Nets star Ben Simmons, and Oscar-winning songwriting duo Kristen Anderson-Lopez and Robert Lopez. With its prime location, stunning views, and an array of luxury features, it’s easy to see why this building is a beacon for the elite.

Related: NYC's Elite Residences: Top Buildings Where Celebrities Live

Industry Experts Weigh In

“With breathtaking panoramic views that stretch from harbor to skyline, meticulously curated design, and unparalleled privacy, this penthouse redefines what it means to live in Brooklyn,” says John Gomes of the Eklund | Gomes Team at Douglas Elliman.

Karen Heyman of Sotheby’s International Realty highlights the penthouse’s unique kitchen layout, which seamlessly integrates functionality and style: “This penthouse takes a different approach, tucking the kitchen away while still preserving an open, airy feel and stunning views.”

Interior Marketing Group designer Katherine Anderson describes the penthouse as a space where every detail tells a story. “Each room invites a tactile experience, balancing grandeur with intimacy. From the plush upholstery to the curated accessories, every element enhances the views and soaring window heights, making it both visually captivating and effortlessly livable.”

A New Standard for Brooklyn

For years, DUMBO has been synonymous with industrial charm and artistic flair, defined by its historic loft conversions. But Olympia DUMBO raises the bar, ushering in a new era of modern luxury living that rivals Manhattan’s most iconic properties.

As Jessica Peters of The Jessica Peters Team at Douglas Elliman puts it: “The elevator opens directly onto your private floor and into a beautifully designed atrium. Soaring ceilings and natural light from three exposures make every moment in this home feel like being on top of the world.”

The Final Word

With its perfect blend of modern design, unparalleled amenities, and breathtaking views, Penthouse B at Olympia DUMBO is not just a home—it’s a lifestyle. For those who demand the best in Brooklyn and beyond, this $19.5 million penthouse stands alone as the borough's ultimate living experience.

For inquiries, Penthouse B is exclusively represented by Douglas Elliman and Sotheby’s International Realty teams.

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

What Rights Do You Have as a Tenant in New York City?

in

Living in New York City offers the promise of vibrant culture and endless opportunities, but it also comes with the complexities of navigating a crowded housing market and the rights and responsibilities that come with being a tenant. Whether you're renting a cozy apartment in the heart of Manhattan or a quiet unit in Queens, understanding your rights as a tenant is essential to maintaining a fair and safe living environment. In this article, we’ll explore some of the most important tenant protections in New York City, covering everything from theft and eviction to heating and cooling costs.

Protection From Theft and Property Damage


One of the fundamental rights of any tenant is protection against theft and damage to personal property. In New York City, if someone unlawfully takes or damages your belongings, you have legal recourse. Theft of property or services can lead to serious criminal charges, particularly if the stolen items are of significant value. In New York, theft that involves property or services worth between $1,000 and $1,500 is considered a Class B felony, which can result in serious legal consequences. If the value exceeds $1,500, the theft is classified as a Class A felony, carrying even harsher penalties.


As a tenant, it's important to understand that your landlord has a duty to protect your property as part of the implied warranty of habitability. This means that landlords must provide a safe living environment, which includes secure locks, working alarms, and properly maintained entryways to reduce the risk of theft. If your property is stolen due to negligence on the part of the landlord—such as failing to fix broken locks or gates—you may be able to seek damages through a lawsuit. Always report any concerns to your landlord and keep documentation of incidents to protect your interests.


The Eviction Process and Your Legal Protections


Eviction is another significant concern for tenants in New York City. In a city where the demand for housing often outstrips supply, many residents face the threat of eviction due to missed payments or other disputes with landlords. However, tenants in New York have significant legal protections when it comes to eviction, and landlords must follow a strict legal process to evict a tenant.


According to recent data from Gothamist, in 2022, over 12,000 residential evictions were carried out by city marshals in New York City. This number highlights the significant number of residents facing eviction, yet it’s important to note that tenants cannot be evicted without due process. Under New York law, landlords must provide proper notice and obtain a court order before evicting a tenant. In addition, tenants cannot be forcibly removed or have their belongings taken without a formal legal procedure.


If you're facing eviction, it's critical to understand your rights. Tenants have the right to a hearing, the right to challenge an eviction in court, and in some cases, the right to emergency rental assistance. If you feel you have been wrongfully evicted or if you're at risk of eviction, it's essential to consult with a tenant advocate or attorney to ensure that your rights are upheld.


Your Right to Basic Amenities


In New York City, one of the most important tenant rights involves heating and cooling. Due to the city's often extreme weather, landlords are required to maintain certain temperature conditions within rental units. During the winter months, landlords must ensure that apartments are heated to a minimum of 68 degrees Fahrenheit during the day and 55 degrees at night, if the temperature falls below freezing outside. In the summer, tenants have the right to expect that their apartments will have adequate cooling systems, such as air conditioning or other means to prevent heat-related illness.


Heating and cooling can also be a significant portion of a tenant's utility bills. According to energy.gov, about 43% of a home’s energy costs go toward heating and cooling. As such, it’s important to know how your utility bills are structured and whether your landlord includes utilities as part of your rent or if you’re responsible for paying separately. If you're paying for heating and cooling, be sure to monitor your energy usage and contact your landlord if you notice any issues with heating or air conditioning systems.


If your apartment is too cold in the winter or unbearably hot in the summer, and the landlord is not addressing the issue, you have legal avenues to address it. Tenants can file complaints with the New York City Department of Housing Preservation and Development (HPD) or take the issue to court if necessary. The city also offers resources for tenants facing heating and cooling problems, especially during extreme weather conditions.


Conclusion


Understanding your rights as a tenant in New York City is crucial to ensuring a safe and fair living environment. From protection against theft and property damage to understanding the legal eviction process and knowing your heating and cooling rights, it’s clear that tenants are entitled to a range of protections. By staying informed and proactive, you can safeguard your rights and take appropriate action if your living conditions are not being met. Always remember that legal resources, including tenant advocacy groups and legal aid organizations, are available to help tenants assert their rights and protect their interests in this complex urban landscape.

These lobby fireplaces are giving residents a warm welcome home

in

As the holiday season quickly approaches, so does the change in weather. Finding a source of warmth is top of mind as we enter the beginning of sweater weather season, and nothing beats the heat from a functioning fireplace to curl up next to. While the fireplace has been traditionally known for its physical warmth, it has also become an impeccable design statement. I wanted to pique your interest in featuring these luxury residential lobbies that are equipped with beautifully designed and functional fireplaces that provide guests and residents with a warm welcome home.

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

The New Face of Luxury Real Estate for 2025: How Shifting Buyer Preferences Are Creating New Opportunities

in

By Bianca D’Alessio 

Nest Seekers International | The Masters Division | Founder

Nest Seekers Development Marketing | Managing Director

As we close the book on 2024 and approach 2025, evolving buyer preferences are reshaping luxury real estate in the most dynamic market across the country—New York, Boston, and Miami. These vibrant cities are witnessing a surge in demand for properties that goes above and beyond the standard notion of luxury. Today’s buyers are more discerning than ever, seeking properties that transcend aesthetics and design, and are defined by personalized experiences, as well as a commitment to smarter and more sustainable living. 

->Driven By Experience 

Standout architecture and premium finishes are no longer enough to impress buyers and renters in today’s market —it’s about the experience a property delivers. Over the past year, we’ve seen a major shift toward amenity and service-driven properties that align with the modern lifestyle, especially when it comes to leisure and well-being. These buyers work hard and play hard, and are increasingly willing to trade in square footage for more enhanced living experiences. They are gravitating toward features like thoughtfully-curated fitness and spa facilities, Olympic-sized pools, and professional-grade pickleball and basketball courts. Exclusive dining lounges as well as outdoor spaces have also emerged as essential value-adds.

Developers are responding to these demands by not only integrating experience-focused features into new developments but also activating them in novel ways through strategic partnerships, access and programming. In cities like Miami, Boston and New York, this trend is only increasing as we work closely with developers to establish elevated experiences that fulfills the needs of the more affluent and aspirational buyers.

->Eco-Conscious Living 

Today’s buyers are not just looking for an impressive property but a forward-thinking one. The luxury sector is seeing a surge in demand for sustainable buildings, with developers in all three cities incorporating eco-friendly designs. From energy-efficient appliances to LEED-certified construction and eco-conscious materials, these sustainability measures appeal to buyers willing to pay a premium for properties that align with their values.

Boston, in particular, is seeing a rise in demand for green buildings. Properties incorporating energy-efficient systems, green roofs, and sustainable materials appeal to buyers who prioritize the environment without compromising on style or luxury. In Miami, developers are considering resilient, climate-responsive designs, with hurricane-proof structures and elevated foundations becoming more prevalent in high-end markets. This is also a priority for a new generation of younger buyers who strongly emphasize sustainability into their entire lifestyle.

One of our best-selling development projects in the past year was 110 North 1st in Williamsburg, Brooklyn. Entering the market as a mid-sized condominium building offering a curated package of spa-inspired amenities and services, the building outperformed all of the other competing projects in the neighborhood.

->Looking Ahead 

As 2025 approaches, the luxury markets in New York, Boston, and Miami and beyond will continue this exciting evolution to align with the values of today’s buyers. Sustainability, experiential features, cutting-edge technology, and personalized services will take center stage in a way we have never seen before. There will be an even stronger focus on enhanced smart home and security systems and hospitality-inspired offerings such as wellness programs, curated events, dining, and concierge services.

Stay connected! Follow Bianca D’Alessio on Instagram for more insights: www.instagram.com/biancadalessio

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Simple Ways to Save on Rent in New York City

in

Living in New York City can be a dream come true, but it often comes with a hefty price tag. Finding ways to save on rent can make a big difference in your overall budget and quality of life. Whether you're new to the city or an experienced renter, there are practical strategies you can use to lower your housing costs without sacrificing comfort or convenience.

In this article, we'll cover practical tips for negotiating your rent, identifying affordable neighborhoods, utilizing rent-controlled and rent-stabilized apartments, and saving on utilities and other hidden costs.

Negotiating Your Rent: Tips and Strategies

Negotiating your rent is one of the best ways to save money. Many renters don't know that landlords are often open to discussions, especially if you're a reliable tenant. Here are some practical tips to help you negotiate effectively:

Do Your Homework

- Before starting negotiations, research the average rental prices in your area. Websites and local real estate listings can give you a benchmark. Knowing the market rate gives you a solid foundation for your argument.

Highlight Your Strengths

- Emphasize your reliability as a tenant. If you pay rent on time and take good care of the property, let your landlord know. Offering to sign a longer lease can also be a strong bargaining chip.

Don’t Be Afraid to Ask

- Sometimes, all you need to do is ask for a lower rent or additional perks like free parking or utilities. The worst that can happen is that the landlord says no, but sometimes they may agree or come to a compromise.

Timing Is Everything

- Try to time your negotiation towards the end of the month or when the apartment has been vacant for a while. Landlords are usually more willing to negotiate when they want to fill a vacancy quickly.

Finding Affordable Neighborhoods in NYC

New York City is vast, and rental prices vary significantly from one neighborhood to another. By identifying affordable neighborhoods, you can find a good place to live without breaking the bank. Here are some neighborhoods to consider:

Inwood

- Located at the northern tip of Manhattan, Inwood offers more affordable rents compared to downtown areas. It has a strong sense of community, plenty of green spaces, and is still accessible by subway.

Washington Heights

- This neighborhood is known for its vibrant culture and lower rent prices. It's a popular choice for young professionals and families looking for affordability without moving out of Manhattan.

Astoria

- In Queens, Astoria is a fantastic option with moderate rents and a lively atmosphere. It’s well-connected to Manhattan and offers a diverse range of restaurants and shops.

Bushwick

- Over in Brooklyn, Bushwick has been growing in popularity but still offers more affordable rent than Williamsburg. It’s known for its artistic vibe and trendy shops.

St. George

- Located on Staten Island, St. George provides affordable living and a unique experience away from the hustle and bustle of Manhattan. The Staten Island Ferry offers a free and scenic commute.

Exploring these neighborhoods can open up opportunities to find an affordable rental that suits your lifestyle and budget. Balancing cost with convenience and community can help you enjoy your time in the city without overspending.

Utilizing Rent-Controlled and Rent-Stabilized Apartments

Rent-controlled and rent-stabilized apartments can offer significant savings. These types of apartments have rules that limit how much rent can increase each year, making them more affordable in the long run. Understanding the differences between these two can help you make an informed decision.

Rent-Controlled Apartments

- Rent-controlled apartments are rarer and usually occupied by long-term tenants. The rent is set at a fixed rate and can only increase in small amounts each year. These apartments are typically handed down to family members, so finding one can be challenging.

Rent-Stabilized Apartments

- Rent-stabilized apartments are more common and come with various protections for tenants. The rent increases are regulated and tied to guidelines set by the city. This offers a more predictable increase compared to market-rate apartments.

How to Find Them

- Look for listings specifically noting rent-controlled or rent-stabilized status. Websites, local newspapers, and community boards can be helpful resources.

- Reach out to real estate agents who specialize in these types of rentals. They can guide you through the application process and help you find available units.

Saving on Utilities and Other Hidden Costs

Saving on rent doesn’t stop at the monthly payment. Other costs like utilities can quickly add up. Here are some tips to manage and reduce these hidden expenses:

Energy Efficiency

- Opt for energy-efficient appliances and light bulbs. They consume less electricity and can lower your monthly bills.

- Unplug devices when not in use. Even when turned off, many devices still consume power, known as "phantom power."

Water Conservation

- Install low-flow showerheads and faucets. They use less water and can cut down on your water bill.

- Fix any leaks promptly. A dripping tap can waste gallons of water over time, increasing your bills unnecessarily.

Bundling Services

- Consider bundling internet, cable, and phone services. Many providers offer discounts for package deals which can save you money each month.

- Negotiate with your service providers for better rates. Sometimes, simply asking for a discount or exploring promotional offers can lead to lower monthly bills.

Roommates and Shared Costs

- Sharing your apartment with a roommate can split the rent and utilities, dramatically reducing your individual expenses.

- Make a clear agreement on how bills will be divided and paid to avoid any confusion or disputes.

Conclusion

Living in New York City doesn’t mean you have to empty your wallet. By applying effective strategies to negotiate your rent, carefully selecting affordable neighborhoods, taking advantage of rent-controlled and rent-stabilized apartments, and managing your utility costs, you can create a more financially sustainable living situation. These practical steps can make a big difference in your monthly budget, allowing you to enjoy all that NYC has to offer without the stress of high living costs.

For more tips on managing your real estate expenses and enjoying a better life in New York City, subscribe to Off The MRKT. Our real estate market and lifestyle insights can help you navigate the complexities of NYC living with ease.

Art Basel 2024: Miami’s New Luxury Condos Blur the Lines Between Real Estate and Fine Art

in ,

As Art Basel Miami Beach 2024 unfolds from December 6th to December 8th, the city once again becomes the epicenter of the global art world. But this year, Miami’s allure isn’t limited to its galleries and exhibitions. A new wave of luxury condominiums is turning heads, transforming the city’s skyline into a gallery of architectural masterpieces. With design-forward concepts that rival the works on display at Art Basel itself, these properties combine cutting-edge architecture with interiors that feel as curated as the finest art collections.

Here are three of Miami’s most artistic new residential developments, where real estate meets the ethos of Art Basel:

1. ELLE Residences Miami

A living testament to the phrase “design as art,” ELLE Residences Miami brings the iconic style of ELLE Decor to life. Created by The One Atelier, these 25-story luxury residences blend Parisian elegance with contemporary vibrancy. Think chevron-patterned flooring, bold geometric designs, and walls adorned with textured wallpaper that add dimension and intrigue. Curated in collaboration with ELLE Decor editors, the interiors feature standout pieces from top European designers and brands.

Located in the heart of Miami, ELLE Residences transforms everyday living into a gallery-like experience, blurring the boundaries between fine art and modern design. Developed by Vertical Developments and Urban Network Capital Group, the 180 turnkey units are a must-see for lovers of high design.

2. Surf Row Residences

Located in exclusive Surfside, Surf Row Residences offers a serene, design-driven oasis that pays homage to Miami’s coastal beauty and cultural heritage. Its architecture by Alfonso Jurado Architecture and Boris Pena Architects mimics natural forms, from wind-sculpted sand to waves. White facades nod to the city’s Art Deco traditions, while materials like coral stone and boardwalk-inspired tiles evoke the textures of the beach.

The 25 bespoke condominiums feature expansive layouts that seamlessly merge indoor and outdoor spaces with skylights, layered glass facades, and generous balconies. A unique collaboration with RH and customizable options through InteriorSelect allow residents to personalize their homes, capturing a balance between modern luxury and organic tranquility.

3. Dolce&Gabbana Residences Miami

The Dolce&Gabbana Residences Miami redefines opulence with its bold architectural statement. Designed in collaboration with Studio Sofield, the tower is capped with a bronze sculptural crown that punctuates the Miami skyline. Its facade—crafted from ivory travertine, matte black steel, and accented with gold and bronze—evokes the sophistication of Milanese mid-century design with the vibrant edge of Miami’s aesthetic.

Interiors, curated by Milan-based M2Atelier, bring Dolce&Gabbana’s signature Italian flair into every corner. Handmade details and luxurious materials create spaces that are as much about craftsmanship as they are about living. With a focus on bold design and unparalleled luxury, this development is a fitting tribute to the intersection of fashion, art, and architecture.

Why It Matters

Art Basel celebrates the power of creativity and design, and Miami’s luxury condos are proving that real estate can be an extension of that ethos. These developments are not merely places to live—they are immersive experiences that combine artistry, innovation, and the highest levels of craftsmanship.

Whether you’re attending Art Basel or simply exploring Miami’s growing skyline, these properties deserve a closer look. For those who appreciate the finer things, this fusion of real estate and art is the ultimate statement of luxury living.

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.