155 West 68th Street Dorchester Towers Condo Market Report July 2015

155 West 68th Street Dorchester Towers Condo Market Report July 2015

In 2015, the sale of Dorchester Towers have been strong and steady. We are seeing both buyers and sellers have responded to the lack of supply within the condo re-sale market place.

Many buyers have been bidding away at prime properties once it is on the market and sellers have achieved good pricing with realistic expectations.

When we look at 2014, the past year market created a trend where some sellers and Real Estate brokers continued to push prices to a level where buyers backed away until either a realistic price adjustment happens.

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When we look at Dorchester Towers market, the ‘Average Days on Market’ increased from 40 days to 54 days before a contract was signed.

The Price negotiability increased from 2.5% (2014) to about 5.4% (YTD 2015). This increase DOES NOT indicate prices are decreasing, in fact the prices are still holding and increasing in certain segments, this is indicating that we are seeing a more measured price appreciation.

Price Analysis

  • Alcove Studios: Up about $100 sq/ft since 2014
  • One Bedrooms: Holding steady since 2014
  • Two Bedrooms: Increased $200 sq/ft since the last sale in 2013

In today’s market, we are seeing the new construction condo market is the most popular segment of the market place.

For brand new renovations or recent renovations, buyers will pay a premium and the likelihood of multiple offers is at its highest.

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Continuing into the rest of 2015, with continued low Inventory levels, still historically low mortgage rates for those that need financing, and an overall confidence in New York City as a global safe haven, all indicators of a healthy and active Real Estate Market.

We are Morgan Evans and Eileen Hsu, residents of the Dorchester Towers and we the consistent top selling Real Estate agents for the Dorchester Towers Condominium.

We have the most thorough  track-record of results of any sales team, and we sell Dorchester for the best price and fastest compare to any other agent.

If you are an owner and are thinking of selling or renting your Dorchester Tower condo unit, Contact us for a confidential discussion of your Dorchester condo unit at (917) 837-8869.Or email us at Morgan.Evans@elliman.com or EHSU@elliman.com


Financial District One Bedroom condo with Home Office (JUST SOLD)

Financial District One Bedroom condo with Home Office (JUST SOLD)

40 Broad Street apartment #21E at The Setai Wall Street is a large one bedroom with home office offers a very flexible layout and one and half bathroom.

This apartment has high ceiling of 10’3″ heights with modern loft feel. The living room is also well layout to able to fit all the modern taste furniture with kitchen open to the entertaining area. The functional layout works well with any furniture arrangement.

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The oversized master bedroom can have a seating area and as well as a King size bed set.

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The kitchen is upgraded with glass back-splash and high-end appliances. This is an additional upgrade, no other unit in the building has it.

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The Setai Wall Street located at 40 Broad Street offers great amenities such as full time Doorman and a full-service concierge, wonderful rooftop terrace with city and water views, social lounge, 6,000 square feet state-of-the-art fitness center and access to the Setai Spa.

This 40 Broad Street unit is now sold, please contact us if you are an seller in Financial District and would like to sell your Financial District condo unit. We maximize your profit and will bring you all cash buyers.

There are many comparable units such as this one, or if you would like to be on the VIP list to be on the first to know basis, please contact us at (917)837-8869. 

155 West 68th Street #620 Furnished One Bedroom For Rent

155 West 68th Street #620 Furnished One Bedroom For Rent

Dorchester Towers Condo is one of the most popular condo in the Lincoln Center area of Upper West side. This one bedroom unit is on the sixth floor of Dorchester Towers condo with Southern facing, the living room and bedroom windows look out to the circular landscaped driveway.

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Living room of apartment #620 in Dorchester Towers condo has a spacious living area and a dining area that can fit a entertaining dining table.

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This furnished one bedroom apartment is available for immediate occupancy, including glassware, coffee maker, cutlery,television, stereo, and desktop computer can be included.

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155 West 68th Street Dorchester Towers condo offers an full service amenities package including a Full Time Doorman and Concierge, Fitness Room, Roof Top Deck, Laundry Room on the floor, package room, management on-site, live in resident manager and garage parking.

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Dorchester_620_Bathroom

This is a furnished rental, available immediately. Call us to schedule an appointment (917)837-8869 to see it today. 

To read about Dorchester Towers Condo market report:

http://dorchestertowerscondo.com/dorchester-towers-condo-2014-year-in-review/

We are Morgan and Eileen,  We are also full time successful Licensed Real Estate Salespersons with Douglas Elliman Real Estate. We have helped many owners sold and leased multiple condo units in Dorchester.

We sold and rented multiple Dorchester Towers condo units because of our intimate knowledge of Dorchester such as past building history, most recent sales or rental market, updated building rules, upcoming renovations, detail financial building information, familiarity of the neighborhood, and most importantly our creative methods to showcase this wonderful building we live in. If you are a Dorchester Towers Condo owner looking to SELL OR RENT out your Dorchester apartment. Call us so we can discuss in detail with most current market data (917)837-8869.


Dorchester Towers condo 155 West 68th Street #1833 For Sale

Dorchester Towers condo 155 West 68th Street #1833 For Sale

This is a spacious one  Bedroom with home office at the Dorchester Towers. 155 West 68th Street New York NY 10023 is one of the most well established buildings in the Lincoln Square neighborhood.

The building is few blocks from culture center Lincoln Center, Central and Riverside Parks, multiple subway lines, restaurants and shopping.

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Unit #1833 has South Western facing exposure providing all day bright sunlight into the apartment. The unit has renovated kitchen and bathroom. The oversized living room lays out perfectly for both dining and entertaining. An additional bonus space could be used as a massive walk-in closet, home office or sleeping area.

Dorchester apartment 1833 has open view from living room window

In addition, this unit has three large closets that includes a walk-in-closet that are very well structured for a lot of storage is a wonderful feature.

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Great size of living room that fits a dining room table as well.

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Functional layout makes this unit a great apartment for someone that is looking to have a spacious apartment in Lincoln Center Upper West Side neighborhood.

Dorchester 1833 Kitchen

Dorchester Towers Circular Driveway Entrance

155 West 68th Street Dorchester Towers Condo amenity includes a new fitness room, multi-floor laundry, landscaped Roof Deck, both bike and storage rooms, live-in resident manager and is Pet Friendly.

(This unit has Tenants in place until 6/30/2015 $3,375 per month)

  • Dorchester Towers, 155 West 68th Street, 1833

  • Price: $890,000

  • Monthly Maintenance/CC: $547

  • Monthly Real Estate Tax: $492

Assessment of $135 through July 2015, decreasing to $67/month until December 2016.

Please contact us to see (917)837-8869 today.

If you are a Dorchester Towers condo owner and consider in selling or renting your Dorchester Towers condo unit, we can certainly help. We have SOLD and RENTED many units in the building so we are familiar with each layout in the building as well as the most fair sale or rental price of your apartment. Call us, let’s discuss in details (917)837-8869.

http://dorchestertowerscondo.com/category/on-the-market/

http://dorchestertowerscondo.com/category/market-report/

 

 

New York City Luxury Chinese Real Estate Agent

New York City Luxury Chinese Real Estate Agent

Manhattan New York is the center of the world, everyday we are receiving phone calls and emails on qualified buyers from oversea asking about Manhattan New York properties. Our oversea buyers want to know the latest market trend and all the best options to invest in Manhattan Real Estate.

Our highly Qualified International Buyers

Our team, we are known as Luxury Chinese Real Estate Agent Team in New York city that have work with many Chinese Real Estate investor groups, Chinese top ranking financial companies and Chinese private equity group, many of these sophisticated investors rely on us to guide them through this complex Real Estate market.

Our investors have vast interest in overall Manhattan investments, they are interest in learning about residential condo units, they also like to know about purchasing office buildings, bulk condo sales, package of retail spaces, hotels, and/or any Real Estate that has optimal return on their capital.

Chinese Real Estate investors prefer to with our team the luxury Chinese Real Estate Agent as we speak the same language, we can easily discuss with them the difference in purchasing Real Estate here in Manhattan New York versus to their home country or province. In addition, which is essential is that we have the same culture, often there are many things that is unsaid but understood among us.

If you are a seller….

Manhattan New York condo owners and property owners work with us as they would like to work with Chinese Real Estate investors, Chinese buyers are now making headliners in purchasing some of the most expensive and prestigious properties and land in New York and across United States. We have a network of VIP Chinese Real Estate investors constantly search for the right projects, if you are a Manhattan Condo owner or have any exceptional properties and interested in selling to our network, contact us today.

You can contact us at (917)837-8869 or (646)644-6929.

 

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2015 New Construction Condo New York city

2015 New Construction Condo New York city

There are many selections when it comes to New York city new construction condo. We are always on the market place examining different condos and provide accurate assessments of each condo. Here are some of our most recent thoughts on various new construction project that is currently selling and upcoming in the market place.

There are multiple levels of the new construction marketplace:

The headliners:

The buildings with the penthouses that are being sold for over $100 Million dollars, the buildings fighting for the designation of tallest residential building in the Western Hemisphere.  Buildings that fall into this category such as 432 Park Avenue, 220 Central Park South, 520 Park Avenue, 111 West 57th Street, the Woolworth Building.

Many of these headline buildings price point starts at $15,000,000+, price per square feet of $5,000+, they offer something unique, whether its the best views of Manhattan, a high level of privacy, access to the best amenities and quality of design and construction.  Naturally the pool of buyers who are looking and buying at these buildings are all looking at the same group of buildings coming up and deciding which one best suits their distinct needs.

Ground up new construction in prime neighborhood locations:

These are the types of buildings that are being built in the most well established neighborhoods, typically comprised of larger apartments, Two and Three Bedroom units would be the smallest in the building and typically offer a real unique feature.  That feature may be some of the units have unobstructed views of the Manhattan skyline, of Madison Square Park, of the High-line Park. You can see price per square foot for these units in the $3,000+ range, with the best units in the building selling in the $4000+ sq/ft range.

The entry level new construction buildings:

First things first, these buildings are still selling at a premium compared to almost all resale condominiums, its just that within this segment of the new construction market, they are the entry level price points. These buildings we see apartments priced in the $2,000 sq/ft range.  So a very compact one bedroom might start in the $1,300,000 range, Two Bedrooms will be in the $2,500,000 range. Some takeaways in this category: The lowest priced apartments in these buildings will sell immediately once they come available. All you need to do is look at these buildings and see all of the apartment that are in-contract or no longer available. There will be some drawbacks, but this is reflected in the pricing. There will not be any landmark views but more like the ‘city view’ of other neighborhood buildings. We find this segment of the market is being directly marketed to right now.  There are a number of rental to new condo conversions that are being priced for this segment of the market.  Most of them are selling extremely well.  We have seen first hand with some of our buyers just how quickly these apartments will get purchased if decisions are not made.

If new construction condo is what you are looking for, we can recommend which new construction building best suit your needs.

There are a lot of options out there and each condo has its pros/cons, if you are ready to purchase a new condo, give us a call today at (917)837-8869.


340 East 23rd Street Gramercy Starck SKYHOUSE-A for Sale

Gramercy Starck One Bedroom Duplex for Sale

This One Bedroom Duplex is now available for sale at the Gramercy Starck Condominium.  One of only a few of the Sky Houses, these duplex apartments offer an incomparable indoor/outdoor lifestyle high above the city streets of Manhattan.

GramercyStarckLivingRoom

Enter this apartment and you will instantly recognize what makes this apartment special.  Southern facing with breath taking views of the downtown Manhattan skyline.  The living room opens onto the terrace with excellent proportions, over 9 ft deep and 20 ft wide.  The modern and very stylish kitchen features a Sub-Zero refrigerator, Miele Cook top and Stove, Fischer Paykel Dishwasher, sleek cabinetry and an open island perfect for cooking and entertaining.  A half bathroom and your own Bosch Stackable Washer/Dryer are all located on the main level of this duplex home.

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The staircase leads you to the second floor with the master bedroom that features both an en suite bathroom and private southern facing balcony.  Wake up in the morning or fall asleep at night looking up at the sky with the floor to ceiling windows.  The master bathroom features a walk in shower and a soaking tub with amazing downtown views.  Other features include a huge walk-in closet, individually climate controlled HVAC units, hardwood flooring make this a must see apartment.

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The Gramercy Starck Condominium, built in 2008, is full time doorman and concierge building.  An amenity package that includes a landscaped roof top deck with cabanas and beach chairs with fantastic views, the second floor houses the residents lounge including the library, screening room, billiards room, kitchen and outdoor terrace with gas fireplace and private garden.  The gym is huge, with an excellent amount of professional workout equipment all wrapped up in a cool design.  The gym also features locker rooms featuring steam, sauna, and shower rooms.

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The combination of outdoor space, huge sun filled views, modern and stylish design make this duplex Skyhouse at the Gramercy Starck Condominium a must see.

Recently price adjusted to $1,495,000 make this a great buy!

Call us (917)837-8869 if you would like to see it today.

 

 

Dorchester Towers Condo 155 West 68th Street #1204 JUST SOLD

Dorchester Towers Condo 155 West 68th Street #1204 JUST SOLD.

Dorchester Towers Condo is located in the heart of Lincoln Center area of the Upper West Side. The Dorchester Towers is one of the most well established condominium buildings in the Lincoln Square neighborhood.  You will be greeted by a full time doorman and concierge upon entering the recently renovated lobby from the buildings circular driveway.  Amenities include a landscaped roof deck, laundry rooms on every floor up to the 22nd Floor, a newly built fitness room, meeting room, on-site management and available storage.


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Apartment 12-04 at the Dorchester Towers is a corner apartment with both a South and West Exposure.  Upon entering the apartment you instantly see the tremendous light from the southern exposure and an expansive living room that has very unique proportions for this segment of the condo marketplace.  Corner exposures are always desired because you gain multiple exposures and the privacy of having fewer neighbors.  This double exposure brings in the always abundant southern light along with the western exposure which primarily brings in afternoon light.

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Some unique features to apartment 1204 include a real abundance of closet space, probably about double the amount of closets you see in a typical apartment this size.  This is also an apartment that can be easily converted to a Two Bedroom.  A dining space directly off the kitchen and bedroom has its own HVAC unit, closet space, and windows making it a perfect candidate to be turned into a second smaller bedroom, perfect for guests, a home office or additional bedroom.

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Tremendous flexibility with the kitchen space, the possibility to renovate and open the kitchen up to the living room could be a fantastic layout choice.  Putting your personal touch on the renovation of this apartment, ready to be enjoyed for years to come.

Apartment 1204 at Dorchester Towers sold for over asking price, closing for $1,015,000.

Dorchster Towers Condo is a very popular building among home buyers looking for condos near Upper West Side. If the unit is well priced, it is sold within a week or less on the market. If you are looking for a unit similar to #1204 in Dorchester Towers Condo 155 West 68th Street, email us (Morgan.Evans@elliman.com) , we will put you on the “First to Know List” when another unit becomes available for sale.

http://dorchestertowerscondo.com/dorchester-towers-convertible-two-bedroom-1204-for-sale/


Chinese Real Estate Agent Eileen Hsu successfully helped buyers buy their NYC condo

Chinese Real Estate Agent Eileen Hsu that is fluent in both Mandarin and English is always happy to assist buyers looking to purchase their Manhattan New York condo.

Eileen Hsu and her team are a award winning top producing team with company Douglas Elliman Real Estate for nearly 10 years, we have established many working relationships with our company agents, we always help other agents when we can. Few months ago, another agent asked us to help them with their Chinese buyers to closed on a property, we were happy that we can lend a helping hand.

Chinese Speaking Agent Eileen Hsu and Mr. and Mrs. Liu by the condo they purchase.

Chinese Speaking Agent Eileen Hsu and Mr. and Mrs. Liu by the condo they purchase.

The buyers are Mr. and Mrs. Liu that were interested in buying a central location condo in Manhattan that they can use it on the weekdays while they work in Manhattan and on the weekends they spend time in their home outside of the city.  In this case, they were able to find the perfect NYC condo near their weekday office.

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At closing table, Mr. and Mrs. Liu happy posing with sellers of the condo they purchase.

At the closing table, there is the wonderful couple Mr. Liu and Mrs. Liu and sellers that were also pleased that they were able to sell to a wonderful couple. It was a great day.

Eileen Hsu and her team are bilingual Chinese and English speaking agents, we are happy to help motivated buyers and serious sellers. Our service is to connect serious sellers with motivated buyers, our buyers learn about the market place and as well as bridging the culture difference between East and West.

Our local sellers continues to refer their family and friends to us because we sell their high-end properties and Manhattan New York condos to many all cash buyers without financing.

If you would like to work with Chinese Speaking Real Estate Agent Eileen Hsu and her team. Call (646)644-6929 or email at EHSU@elliman.com

56 Pine Street Financial District Condos For Sale

56 Pine Street Financial District One Bedroom Condominium for Sale

56 Pine Street #4C is a well priced and spacious apartment has an efficient layout with tall ceilings. This unit features a King Sized Bedroom with three (3) generously sized closets.

There is a modern kitchen features granite counter tops, dishwasher and an electric stove. The living room features custom designed recessed lighting and a Dining Alcove that has potential to be converted to a separate Home Office/Living Space.

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Whether for personal use or as an investment property, low common charges and the 421-G Tax Abatement make this a very attractive apartment.

56 Pine Street is centrally located in the heart of the Financial District. Subways(2,3) conveniently located directly across the street from the building.
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56 Pine Street is a luxury Financial District Condominium. Amenities include a full time doorman, fitness center, billiards room, residents lounge, screening room, bike room and laundry rooms located on every floor.

This unit#4C is now in CONTRACT. We marketed aggressively and went under contract within short period on the market.

We have sold multiple units in 56 Pine Street. If you are a seller and would like to work with an result oriented team. Call us, at (917)837-8869 and we can discuss how we can maximize your profit in today’s market.

 

 

 

 

 

Manhattan NY Chinese Real Estate Agent help Parents Buy Condo for Children

Manhattan NY Chinese Real Estate Agent help Parents Buy Condo for Children

Manhattan NY Chinese Real Estate Agent help Parents Buy Condo for Children is one of specialty, every year, around month of May to September, there are surplus of new college university graduates relocating to Manhattan New York. This year is no different, many of the Chinese speaking parents travel internationally from afar to attend the graduation of their son and daughter. After the graduation ceremony, the parents along with the new graduate travel to New York and many contact us to find their first home in Manhattan New York.

Manhattan NY Chinese Real Estate Agent help Parents Buy Condo for Children is one of specialt

Manhattan NY Chinese Real Estate Agent help Parents Buy Condo for Children is one of specialt

As Manhattan NY premier Chinese Mandarin Speaking Real Estate Agents team, we strive ourselves to provide the most comprehensive service to our buyers. Many of our buyers contact us before they arrive to New York, this is most recommended because it helps us to educate the buyers while they are still at home town, we can also advise some steps to prepare for the New York condo search.

Chinese Mandarin Speaking Buyers many times prefer to work with us Manhattan Mandarin Speaking Agents is because we not only speak the same language, we also are extremely efficient and understand what they are looking for based on our years of experiences. We understand their needs and concerns when it comes to purchase Real Estate and secure their investment in Manhattan New York.

If you are looking to work with a Chinese Mandarin Speaking Real Estate agent team in Manhattan New York, contact us today at (646)644-6929 or Email us with your specific criteria at http://chinesemandarinrealestateagentnyc.com/contact-me/

 

136 Baxter Street Condos for Sale – The Machinery Exchange Building – Little Italy Manhattan

136 Baxter Street Condos for Sale – The Machinery Exchange Building – Little Italy Manhattan

136 Baxter Street Condominium136 Baxter Street known as the Machinery Exchange Building has to be one of the very most intriguing buildings in this location where Little Italy, Chinatown, Soho and Nolita all come together.  Originally built in 1915 as a stable  for the police headquarters which was located just a few blocks north on Centre Street, which in itself has become one of the most unique residential buildings in downtown Manhattan.  About a decade later, the building was sold and shifted into a warehouse for machinery and where its current name originated from, The Machinery Exchange Building.

In 2007, the building was bought and the condo-conversion began.  The developers chose to highlight and focus on the downtown loft features that buyer’s are so often attracted to. A boutique building of just 14 residences spread out over 6 floors for Condos for Sale at 136 Baxter Street.

Features and Benefits at Condos for Sale at 136 Baxter Street , The Machinery Exchange Building

First, you have to start with the exterior of the building.  The red brick was handsomely restored and they left the faded painted name, a very smart aesthetic decision.  The exterior of the building epitomizes the pre-war condominium loft look that is so popular for downtown Manhattan buyers.

The apartments themselves have some very distinguishable features, probably the most noteworthy are the Yellow Pine Wood Ceilings with  exposed Timber Beams.  These are loft style apartments so ceiling height is what you’d expect, ranging from 11-13 ft tall, also combining exposed brick, you have this combination of features that is very beautiful and epitomizes the aesthetic of the pre-war Manhattan condominium loft look.  Lots of light, apartments have abundant windows.

Highlighting all of these pre-war elements you also have  luxury kitchens and bathrooms. Kitchens are outfitted with Valcucine brushed aluminum cabinetry, Bianco Luna countertops, Miele ranges and ovens, and Sub-Zero refrigerators. Bathrooms are beautiful with their glass and limestone tiles, soaking tub, walk in shower stall, and dual vanities in the Master Bathroom.

136BaxterStreetCondosforSalePricing for Condominiums for Sale at 136 Baxter Street, the Machinery Exchange Building

With just 14 residences, apartments rarely come up for sale in the building.  In 2013, a corner Two Bedroom 1500+sq ft, sold for just under $2,100,000.  And a Penthouse 3 Bedroom with private terrace sold for $3,800,000.

In today’s marketplace as of July 2013, I’d expect pricing to definitely increase from when the building was first sold out in 2008.

What to do in the Neighborhood around 136 Baxter Street?

Home to trendy boutique shopping, historic Mulberry Street just one block away, the energy of this downtown location is hard to beat.  This is a downtown Manhattan location that has a little bit of everything, if you want to go sit and relax in the cafes and restaurants of Soho and Nolita you are just minutes away, the kinetic energy of Mulberry Street and the the Lower East Side are also just minutes away.  If you are looking for multiple transportation options you are within minutes  of multiple subway lines.  A dynamic neighborhood that has the energy of downtown Manhattan and a building located on a tree-lined street that combines the very best of loft architecture with modern finishes and convenience, 136 Baxter Street Condominiums for Sale is a must see for any downtown Manhattan condominium loft buyer.