Monthly Archives: May 2012

Greenwich Village Condo Sale Report Spring 2012

What’s the Greenwich Village apartments for sale market like right now?
Being in the middle of the spring selling season, we are seeing peak levels of volume activity.  Well priced apartments when they come on the market are selling extremely quickly.  Greenwich Village apartments for sale are some of the most desired types of apartments in all of Manhattan.

A few factors influencing the Greenwich Village New York Real Estate market specifically the condominium market:

1. Tight Control of Supply- Very few new condominium projects are built in the neighborhood and those that do are typically not high rise buildings.  The last project at 130 west 12th Street sold out very quickly, a very successful project.  Mainly re-sale condominiums are what comes available and those when priced well are selling at a fast pace.

2. Near Multiple Universities-Within the Greenwich Village area there are multiple universities including the ever present NYU and Stern Business School, Parsons and the near by Cooper Union and School of Visual Arts or SVA.  The close proximity to multiple universities brings with it a demand for housing.  We work with many parents who decide to purchase apartments while their children go to school and start working while in New York City.  Purchasing condominiums in the area as an investment unit is highly sought after because the built in demand and high rental prices are very advantageous for landlords.

Pricing in the Spring of 2012 for a Greenwich Village Apartments for sale in New York City:

Studio’s-Range from $550,000-$800,000
One Bedroom’s-Range from $850,000-$1,500,000
Two Bedroom’s- Range from $1,350,000 – $3,000,000
Three Bedroom-$2,500,000 and up
Penthouse Condominiums for sale in Greenwich Village – call us at (917) 837 8869

If you are interested to know about specific price ranges for a certain type of Greenwich Village condo for sale, call us today at (917) 837-8869 or email at
us here: http://manhattannycondosforsale.com/contact/

What is a NYC Condo Leasing Application?

What is a NYC Condo Leasing Application?
As Manhattan NY condo specialists, we sold many NYC condos to investors that would like to rent out their condo unit as soon as the property closed. As part of our full service, we always help them rent out the condo unit to most qualified tenants.

It is extremely important to rent out to financially qualified tenants, when there is interest, we pre-screen each single perspective tenants and the process is much more than just a credit check to ensure the tenant is financially qualified.

After our initial pre-qualifying, Each NYC condo building have their own leasing application and required documents, the perspective tenants have to complete it throughly in order to rent an apartment in NYC.

From this example, you can see there are a lot of information required by the condo management and condo board.

Each building have a slight different requirement, this is an example of what most of the required items will be.

We as Manhattan condo specialists, we are experienced in qualifying tenants and work together with the perspective tenant to put the rental package together so it is complete it correctly.
As a condo owner, you should work with agents who are competent and able to find you the best tenants possible.
If you are a condo owner and would like to rent out your condo unit, contact us today (917)837-8869 so we can help you secure a qualified tenant. We as Manhattan condo specialists, we are experienced in qualifying tenants and work together with the perspective tenant to put the rental package together so it is complete it correctly.

As a condo owner, you should work with agents who are competent and able to find you the best tenants possible.If you are a condo owner and would like to rent out your condo unit, contact us today (917)837-8869 so we can help you secure a qualified tenant.

Dorchester Towers NYC- Rental Market Report Spring 2012

155 West 68th Street-Dorchester Towers Condo Rental Market Report Spring 2012

Manhattan New York Rental market is very seasonal, Spring Summer is one of the most optimal time for both condo owners and renters to be out and start looking for their next rental apartment.

In our past experiences in renting out many units for our investor owner or out of town owners, In the middle of winter or very cold weather season, we usually do not see many renters out looking or willing to move.

We helped many Dorchester condo owners selling and renting their units for many years now,  we can say that Spring rental market is traditionally the strongest time based on our past experiences.

155 West 68th Street is a building that almost half of the building is owned and rented out by the original building developer (sponsor) and the other units are owned by private condo owners. An potential tenants can either rent from the sponsor’s management company or an individual owner depending on availability.

At 155 west 68th Street, Management units are usually very updated and brand new renovation. On the other hand, condo owners will have very different or varying degree of renovation.  The original 1960s condition apartments will be the most challenging to rent in our experience.

Dorchester Towers Condo is a pet friendly building, at the same time, the condo owner can decide whether they want to allow pet in their rental unit or not. We would say 25% of potential renter will have a pet, if you, the condo owner is open to pets, that will broaden your range of potential renters.

Pricing for a Dorchester Tower’s Rental units as of 4/2012:

  • Studios- $2500-$2900
  • One Bedrooms-$3000-$3500
  • Junior 4(Convertible Two)- $3800-$4700
  • Two Bedroom/Two Bathroom-$5200+

If you are a Dorchester Owner and is interested in renting your Dorchester Towers apartment, call us today at (917) 837-8869, we will discuss how to maxmize your rental price in todays market and secure a highly qualified tenant for you. You can also email us at EHSU@elliman.com

Dorchester One Bedroom For Rent