742 viewsBy Alexander Powers, BHS Content Team
With a background working alongside culinary icons Daniel Boulud and Drew Nieporent, Brown Harris Stevens Union Square Broker Brett Miles knows firsthand the importance of exceptional service. Now focused on high-end properties and transformative new developments, Brett shared his insights on the latest projects shaping New York and Miami, how market trends like interest rate shifts will affect real estate, and where to celebrate a major deal with unforgettable dining experiences. Dive into this Q&A to learn more about his passion for delivering excellence and his expertise in navigating luxury markets.
You once worked alongside renowned restaurateurs Daniel Boulud and Drew Nieporent. What did you learn from them in terms of hospitality and entrepreneurship that you brought into your real estate career?
They are both perfectionists. Always be ahead of your patrons (the guest) by two or three steps. This way they never have to ask for anything, as you are to make sure they have it. You are always anticipating their next need and want. If you are able to do this with your clients, you can see how you have your best shot of not only a seamless transaction, but also a repeat client.
Which transformative new development projects in NYC and Miami are you most excited about?
I am a lover of downtown New York, especially the West Side, so of course the long-awaited two towers at 570 Washington (just south of 160 Leroy) project that BHS is bringing. It is the last of two western lots remaining to be developed on the West Village waterfront, as well as the other one on 140 Jane Street. As far as Miami goes, the Raleigh by Peter Marino. I am obsessed with its perfection down to every detail.
What impact will the 50 basis point cut in interest rates have on the 4th quarter NYC real estate market, in your opinion?
I think there will be a very noticeable gain in showings/activity and a small uptick in transactions, but more so because it’s a mental thing rather than the reality of the small difference it makes in one's rate. The mindset of the first rate cut in three years signals to buyers that better days are ahead. Honestly, that prediction really depends on the election and if the next President continues to print money like it's water or not. Inflation is a beast and it affects all aspects of our lives, which very much includes being able to buy your first home or sell your existing one that you bought when money was literally almost free (remember 2%?).
What is your go-to restaurant to celebrate a big closing? What would you order?
Right now, I am pretty obsessed with two restaurants that we alternate between. They are both Michelin-starred Korean sister restaurants, literally an avenue-block apart in Hell's Kitchen. They are a splurge most certainly, but in the New York dining scene, newcomers Kochi (Korean for Skewer) and Mari (which means hand roll) are a MUST try if you fancy yourself a foodie. If you are willing to trust a master chef and his wine stewards, Masa or Jungsik will completely blow your mind (and taste buds) away. You choose one of two tastings, and we always choose the one with the most courses of the two (and supplements to it), plus the wine pairing. I HIGHLY recommend that you ask to sit at the counter around the chefs, so you can watch the magic unfold and enjoy the full experience of what you are there for: the art and appreciation of food.
