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Luxury apartments pivot to virtual activities

About three months into quarantine, residents trapped in small apartments are going stir-crazy. That is unless they live in a luxury apartment with an in-house lifestyle director. Decorating doors for celebrate graduations, virtual cooking classes and zoom workouts, all organized by apartment staff, indicate that, although outdoor seating in a pandemic may seal the deal for some, a rooftop terrace and gym is no longer enough for developers to lease out high-price buildings. They must

High-end Riverdale market lags despite citywide rebound

From left: 4941 Arlington Avenue, 5000 Iselin Avenue and 421 West 250th Street in Riverdale While the New York City luxury real estate market has long bounced back since the recession, one high-end corner of the Bronx still lags behind. From 2009 to 2013, properties priced at and above $1 million in the western Bronx neighborhood of Riverdale saw 30 percent fewer sales than they enjoyed before the market bottomed out in 2008, according to New York City Department of Finance data cited by the New York Observer. Currently, at least several dozen listings of homes in that price range have sat…