A Taste of Art Basel Comes to Tribeca’s 45 Lispenard

From left: Jason Lanyard, Julia Ryan, Nicole Grandelli, Geo Punnaphzha

A stunning art-themed soiree this past Friday shows you don’t need to travel to Miami to experience the Art Basel vibe. The team hosted an exclusive viewing of large scale works by emerging artist Julia Ryan at an 1,800 SF loft space on the 6th floor of 45Lispenard Street in Tribeca. The event was curated by Stribling’s top-producing Lanyard Grandelli Team – consisting of Jason Lanyard, Nicole Grandelli, and Geo Punnapuzha. Giant canvases of Julia’s colorful masterpieces covered the walls of the $2.4 Million apartment, now on the market, showcasing the agents’ creative use of space.

Julia Ryan is a visual artist who works primarily in drawing and painting. Her work explores objects in an array of media, specifically oil paint and colored pencil. Julia's work originates from an original photo which is then manipulated to create ultimate contrast and saturation. Her work has appeared on the cover of Paper Magazine featuring songstress Niki Minaj, as well as in galleries across New York and Los Angeles. 

Wall Street in the age of Trump

FEBRUARY 2017

(Illustration: Tavis Coburn) via therealdeal.com

"Stribling broker Jason Lanyard said additional interest-rate hikes — the Fed raised rates by a quarter percentage point in December and is expect to further nudge rates up this year — may also push more Wall Street executives into the NYC real estate market, since they are typically among the highest leveraged buyers.

“If you’re buying in the $5-million-to-$10-million range, you could be talking about a difference in purchasing power of over $500,000 based on the mortgage payments,” Lanyard said."

Yorkville Owners to profit from Long-Awaited Second Avenue Subway

Image: Mansionglobal.com

“...The kinds of restaurants and boutiques has changed drastically in the last year. Organic cafes, Asian-fusion restaurants,” said Jason Lanyard, an agent at Stribling & Associates. It’s these new arrivals piggybacking off the subway line that will spur more luxury development and buying in the area, he said.

It’s a wild change from even a decade ago, when east of Third was “a no man’s land,” as Mr. Lanyard put it. He pointed to Leighton House, on First Avenue, a higher-end development with unobstructed views over the East River that came online in 1990, a much tougher time to sell in Yorkville.

“The developer couldn’t give apartments away. It was like selling someone a condo in a crack den,” said Mr. Lanyard. Nowadays, there have been 10 sales in the building this year alone, including a four-bedroom unit that sold for just under $4 million this fall—a major increase from the $2.35 million the sellers paid 13 years ago.

What Homebuyers From India Look for When Shopping in the U.S.

For real estate brokers Nicole Grandelli and Jason Lanyard of Stribling in Manhattan, however, the increasing prevalence of the Indian buyer is not news.

The business duo has been forging a relationship with this group since the late 2000s when a client of Lanyard referred to him an Indian buyer who later recommended him to several of his friends looking to purchase property in New York.

Since then, Lanyard and Grandelli have made several trips to Mumbai and New Delhi in order to meet with more potential clients and industry players, including real estate agents, wealth managers and attorneys. Today, Indians make up a third of their clientele, according to Lanyard.

For Foreign Buyers, Family Homes Over Trophy Towers

IMAGE: The New York Times

The reason Indians are forgoing apartments in flashy new buildings isn’t just financial, said Jason Lanyard, a salesman at Stribling & Associates, who, along with Nicole Grandelli, a saleswoman at Stribling, represents Mr. Sachdev. Political and social pressures at home, particularly how badly buying an apartment in a trophy building would play to a domestic audience, are also having an impact on Indians’ buying choices, they said.

“Indians are very hyper aware of who is and who isn’t a billionaire because the wealth disparity in the country is so strong,” Mr. Lanyard said. He has a client, for instance, who runs a publicly traded bank. “If he were to buy at a building like 15 Central Park West, like the Russians do, his stock would tank,” he said.

India: NYC’s next investment powerhouse?

IMAGE: The Real Deal

Lanyard and his partner Nicole Grandelli, who claim to have sold more than 30 New York apartments to Indian buyers over the past eight years, said they have noticed growing interest from the subcontinent. But unlike, say, Russian buyers, Indians have shown little interest in the priciest penthouses.  (The broker pair represented an Indian buyer many years ago and have expanded that network through referrals and several trips to India.)

“They want to buy the property that is just going to have the most value,” said Grandelli. She explained that most of their Indian buyers — they current have 10 actively in the market — prefer to rent out apartments, rather than keep them as pieds-à-terre.

How Mortgage Rate Hikes Could Help or Hurt Your Chances of Buying

Higher rates also might put a damper on bidding wars, said Jason Lanyard, of Stribling, who works with many investors who've been snatching up 2-bedrooms condos in the $1.5 million range, which they then rent out.

"I have buyers looking down to the decimal point in terms of profit," said Lanyard, who believes these buyers might be forced out of the market, along with many first-time buyers, if rates increase. "It's not that they don't trust that the properties are going to appreciate. It's that they need to be cash positive."

Still, since there's a deep well of foreign buyers paying all cash, Lanyard doesn't expect prices to plummet.

East Village Penthouse with Sauna Asks $3.6 Million

This duplex penthouse on Avenue C and East 11th Street is pretty nice, or as the brokerbabble puts it, "arguably the most dramatic and glamorous property the East Village has ever seen." It just hit the market for $3.6 million, just over $1,500 per square foot.

The penthouse is owned by Christine Hunsicker, the CEO of a company called Gwynnie Bee, which is basically like Netflix but for clothing for plus-sized women. Hunsicker bought the apartment in 2008 for $2.6 million and it looks like she did more than a little bit of renovating — the 2,325-square-foot pad is now decked out with a solarium off the master bedroom, a fancy-looking shower, and a sauna to go along with all the stuff it already had going for it, such as the private elevator landing, three terraces, and two Juliet balconies.