Category Archives: Fifth Avenue Condos

We are Manhattan Condo Specialists, we have sold Manhattan condominiums in different neighborhoods of Manhattan New York. Fifth Avenue location condos are one of the most desirable Avenue in Manhattan New York. There are several Fifth Avenue condos that are favored by our local buyers and international buyers and investors seeking second home or investment. These condos are 25 Fifth Avenue, 225 Fifth Avenue, 425 Fifth Avenue, 325 Fifth Avenue, 995 Fifth Avenue and the latest 400 Fifth Avenue.

254 Park Ave South Condo for Rent

254 Park Ave South Condo for Rent

254 Park Avenue South located in the Flatiron district, a chic loft (one bedroom) is now available for rent at $4,300 per month.

Mint level renovation with over 13 feet ceiling height in the open living room makes this loft very special and perfect for Downtown lovers.

254 ParkAveSouth

The loft apartment is Southern facing with beautiful sun-drenched windows, brings in plenty of sunlight.

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254 Park Avenue South, the sleeping loft conveniently fits a queen size bedroom with a comfortable ceiling height.

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Perfect location near Union Square, multiple of New York City’s top universities, restaurants, shopping, and transportation options. 

Call us (917)837-8869 see this apartment today.

Available October 1st for move-in.

Greenwich Village Condos for Sale – What Can You Buy for Under $1,000,000?

Greenwich Village Condos for Sale – What Can You Buy for Under $1,000,000?

Have you been looking to buy a Condominium in or near the Greenwich Village Neighborhood in Manhattan? Have you had a hard time finding anything to purchase? I’d be surprised if your answer wasn’t a resounding Yes!!

Greenwich Village Condominiums for Sale under $1,000,000 has very limited amounts of inventory. The reason for this :

1. There aren’t that many condominium buildings in the Greenwich Village neighborhood, so the supply is always restricted.
2. When a condominium does become available for under $1,000,000 you will expect a lot of buyers demand, selling quickly.

As of September 9, 2015, we ran a search and see just Five (5) Condominiums available for under $1,000,000. The starting price range is $765,000. These are studio sized condominiums, average size about 500 sq ft.

If you were to increase your budget up to $1,500,000, there is still only the same Five (5) Condos available with no increase in inventory.

At $2,000,000 that you have an additional Four(4) Condominiums now on the market, and these are still just studio and one bedroom condos.
To buy a Two Bedroom Condominium, that is typically going to start around $3,000,000.

SO WHAT TO DO?

1. You should be open minded to expanding your search, start to include the West Village, the Flat Iron Neighborhood, the East Village, Gramercy Park and Chelsea. You will start to see more options as you go a few blocks outside of Greenwich Village. Those are still excellent neighborhoods, so looking in them makes a lot of sense.

2. Condominium inventory is seasonal. We see more inventory come on the market in the early fall and the spring. Those are the times of year with the most condominiums being put up for sale. So if you can time your search around then, you might have more to look at.

3. Become an Informed Buyer. The more you know about the sales prices, the types of buildings that you will be looking at, how quickly a condo will sell and the best way to position yourself to secure your very own condo here in Manhattan, the better off you will become.

This is where we step in to help you. We are experienced Real Estate agents who know the Condominium market here in Manhattan. We have helped many buyers purchase in Greenwich Village and surrounding neighborhoods.

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If you are ready to start looking next week, or just started the planning stage and thinking of buying next year, we are here to help.

I hope you’ve enjoyed reading about this blog post. Below are some similar market report about Greenwich Village. Or if you would like to have more in-depth conversation, call us (917)837-8869.

Greenwich Village Two Bedroom Condo Market Report:

http://manhattannycondosforsale.com/greenwich-village-condos-for-sale-two-bedroom-condominiums/

Greenwich Village Condo for sale – Studio and One Bedrooms

http://manhattannycondosforsale.com/greenwich-village-condos-for-sale-part-1-studio-and-1-bedroom-condos-2015-edition/

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125 East 12th Street THE ZACHARY CONDO

125 East 12th Street THE ZACHARY CONDO UNION SQUARE NEW YORK

The Zachary Condominiums at 125 East 12th Street is one of the very
few pre-war condominium loft buildings in what could be described as

the desirable crossroads of the Union Square/East Village/ and
Greenwich Village neighborhoods.
The Zachary Condominiums is located
on 12th Street between Fourth Avenue and Third Avenue.

A mid-block building that spans north to south from 12th to 13th Street with it’s
main entrance on 12th Street.  This full time doorman condominium building has a very handsome facade.  It is easy to notice it’s red brick exterior with curved windows and blue base.

The Zachary Condominium at 125 East 12th Street was converted in the
late 1980
s, the same time Union Square was making a transformation
with the development of Zeckendorf Towers at 1 Irving Place.  The
Zachary Condominium is a boutique condominium made up of approximately
45 apartments in a building that tops out at 6 stories.  A full time
doorman and elevator building with a roof top deck complete the
amenity package.

The location itself and architectural characteristics of the condos for sale at the Zachary Condominium NYC are quite noteworthy.

Apartment Features:

Very tall ceilings, most apartments will have 12′ or taller ceilings
Unique Floor-plans – Apartment sizes are generous.  Some duplex
layouts.  Whether you are looking for a studio, one bedroom, two
bedroom or larger

Noteworthy Building Features:

Investor Friendly-For investors, the Zachary Condominium is an
excellent opportunity as high rentals typically provide strong
profitability yields
Doorman
-Provides the convenience and assurance when deliveries or
visitors come to the building
Location– What I would consider a prime location, just few city blocks from
Union Square, multiple campuses including NYU, Cooper Union, Parsons
and SVA SCHOOL OF VISUAL ARTS, neighborhood restaurants and shopping including the famous STRAND Bookstore

Pricing for Condos for Sale at the Zachary Condominiums at 125 East 12th Street:

Inventory has been limited in the past couple of years however prices
typically range:

Studio/One Bedroom: Have sold in the $1,100,000 range in 2012
Two Bedrooms for sale at 125 East 12th Street: Ranged in price from
$1,250,000 and up in 2012
Three Bedrooms for sale at 125 East 12th Street: Ranged in price from
$1,800,000 and up

Because of unique layouts, sales at the Zachary Condominium can range
dramatically, contacting us about specific pricing will help determine
exactly what you are looking for.

Peer buildings to the Zachary Condominiums NYC at 125 East 12th St
would include 115 Fourth Avenue The Petersfield and 114 East 13th
Street The American Felt Building
.  All three of these pre-war
condominium loft buildings make up what I consider some of the most
unique and desired pre-war condominium apartments for sale in the
Union Square neighborhood of Manhattan.

If you are interested in buying at the Zachary Condominium at 125 East
12th Street or any other UNION SQUARE LOCATION CONDOS, call us today at (917) 837-8869
or email us by using the email form below:

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995 Fifth Avenue The Stanhope Hotel

995 Fifth Avenue, New York NY 10028-The Stanhope Hotel

995 Fifth Avenue Condop located across from Central Park and the Metropolitan Museum of Art.  Originally built in 1926, as the Stanhope Hotel, and designed by famous pre-war architect Rosario Candela.  Rosario Candela designed some of the most prestigious buildings in the Upper East Side most notably 740 Park Avenue, 1040 Fifth Avenue, and 834 Fifth Avenue.  995 Fifth located at 81st and Fifth Avenue is a boutique building, made up of approximately 26 residences and sits positioned as one of the most prestigious and desirable condops near and next to Central Park located on Fifth Avenue. (photo from: http://www.nytimes.com/2008/09/14/realestate/14deal1.html)
Originally designed as a hotel, the Stanhope Hotel was one of the top hotels in the Upper East Side right beside the Carlyle Hotel in desirability.  A historically significant building, 995 Fifth Avenue, sits across on the south end of the Metropolitan Museum, with direct Central Park and Museum views.  This condop conversion started in 2007, the pre-war building was meticulously renovated keeping it’s pre-war architectural details, but renovated with a keen sense of modern conveniences and luxury buyer’s in mind.

One of the most notable features of the residences at 995 Fifth Avenue is the size of the apartments found in the building.  Most residences at 995 Fifth Avenue, this condop across from Central Park, are in excess of 4,000 square feet.  Upgraded infrastructures include individually controlled 4 Pipe HVAC systems, state of the art building wiring for all audio/visual needs.  995 Fifth Avenue has a 2500 square foot La Palestra fitness and spa, 24 hour doorman, concierge, resident manager, and additional storage.

Apartment features take on the pre-war aesthetic characteristics of the building.  Spacious and comfortable layouts, gracious apartment entrances, service entrances, Small Bone designed eat in kitchens, libraries, formal dining rooms, and all within the design elements of a Rosario Candela building.  995 Fifth Avenue continues to be one of the most in demand pre war condop buildings along Fifth Avenue in the Upper East Side.  995 Fifth Avenue is a condop, meaning that it is a co-op structure but with condo by-laws, creating more flexibility with purchase.  It also is on a landlease, which has an estimated 150 years left on it.  Sitting right along Fifth Avenue, many of the apartments have direct Central Park Views.

Typical Price Range for 995 Fifth Avenue Apartment for Sale:

  • Three Bedrooms:  $6,500,000+
  • Four Bedroom, Five Bedroom and Larger: $12,000,000 – $22,500,000
Contact us if you would like to schedule an appointment or want specific information regarding current availability of condos for sale at 995 Fifth Avenue.
For more information about 995 Fifth Avenue or other Condos for Sale near and along Central Park:
If you are interested in condos for Sale 995 Fifth Ave call us directly at (917)837-8869 or email us at EHSU(a)elliman.com.

400 Fifth Avenue New Condo Two Bedroom Two Baths

400 Fifth Avenue is one of the newest condo building on Fifth Avenue. There is a luxury five star hotel from first floor to 30th floor, and the condo residences starts on the 31st Floor.

This 2 bedroom, 2.5 bath residence has Eastern Exposure of the Manhattan cityscape and East River, the building facade has one of the kind diamond angled windows which enhance the light, air and view from each room. The condo residences has black oak flooring, Miele kitchen appliances, a Subzero refrigerator and Mont Blanc stone countertops.This building is developed by Bizzi & Partners and designed by Gwathmey Siegel with interiors by DAS Concepts Inc.

This unit is current now SOLD AND CLOSED, but there are other residences available for sale. Contact us today (917)837-8869 or email us for most updated available units.

We are Manhattan Condo specialists, whether you are looking for a new construction on Fifth Avenue, or a condo with Central park or Empire State building view, we can help. Contact us (917)837-8869 so we can discuss in detail of what you are looking for.

NYC Condos near Central Park on the Upper East Side MARKET REPORT

NYC Condos near Central Park on the Upper East Side MARKET REPORT. Condominiums near Central Park on the Upper East Side is a specific and focused search.

The overwhelming majority of the apartment buildings both on Fifth Avenue, Madison Avenue and Park Avenue are all cooperative building.  Condos near Central Park in the Upper East Side is going to look at a select group of buildings.

A question may be, why purchase a condominium near Central Park when I could buy a co-op apartment when there are so many more of them available? The answer is usually quite simple, that the co-op purchase process for an apartment on Fifth Avenue, Madison Avenue or Park Avenue is going to be quite specific as to the financial and personal documentation including the board interview and approval process that will be necessary to buy into those buildings and if you buy into a condo near Central park in the Upper East Side you will be able to circumnavigate the board interview and approval along with much of the more intensive documentation requirements.

Along Fifth Avenue on Central Park, the condominium buildings include 923 Fifth Avenue, 817 Fifth Avenue, 1049 Fifth Ave-(by address, building entrance located on 86th Street), 995 Fifth-(condop building, The Stanhope Hotel), 1280 Fifth Avenue, just to name a few.

There are a number of mid-block condominium buildings in what were once mansions now converted to condominium buildings. These condominium buildings are typically smaller more intimate, often with no doorman, yet usually have all of the pre-war characteristics that are highly desired.

Along Park Avenue, still close walking distance to Central Park a number of condominium buildings are available.The other feature that is typically unique to these buildings is that you will have a few that are a lot taller than their surrounding buildings, giving the higher floor apartments tremendous views of both Central Park and the city skyline, buildings such as 900 Park Avenue or 502 Park Avenue both have Central Park views from the higher floor apartments.

Condos near Central Park on the Upper East Side Pricing:

Except the price to start in the $2,500 sq/ft range and go up from there depending on the unit. Central Park facing units will be commanding a premium along with certain Fifth Avenue and Park Avenue buildings that will also be priced at a premium.  For the fully renovated, higher floor, optimum views, outdoor space you could be looking at a range of $4,000 sq/ft+ for certain apartments that have truly unique characteristics.

Since September of this year, there have been approximately Seven (7) closed condominium/condop sales between Fifth Avenue and Park Avenue.  The average price per sq ft for those apartments was approximately $3,700 sq/ft.  The price range was from $3,850,000 to over $23,500,000.

With these types of sales and the range being so wide it’s extremely important to recognize the most relative comparable’s often found in the same building if you have any, the same type of view, size and condition.

If you are interested in knowing more about what is available for a condominium near Central Park on the Upper East Side, call us today at (917)837-8869 so we can discuss your interest and find the suitable Condominium near Central park on the Upper East Side for you.

Condominiums near Central Park on the Upper East Side

Condominiums near Central Park on the Upper East Side is a specific and focused search.  The overwhelming majority of the apartment buildings both on Fifth Avenue, Madison Avenue and Park Avenue are all cooperative buildingCondos near Central Park in the Upper East Side is going to look at a select group of buildings.

A question may be, why purchase a condominium near Central Park when I could buy a co-op apartment when there are so many more of them available? The answer is usually quite simple, that the co-op purchase process for an apartment on Fifth Avenue, Madison Avenue or Park Avenue is going to be quite specific as to the financial and personal documentation including the board interview and approval process that will be necessary to buy into those buildings and if you buy into a condo near Central park in the Upper East Side you will be able to circumnavigate the board interview and approval along with much of the more intensive documentation requirements.

Along Fifth Avenue on Central Park, the condominium buildings include 923 Fifth Avenue, 817 Fifth Avenue, 1049 Fifth Ave-(by address, building entrance located on 86th Street), 995 Fifth-(condop building, The Stanhope Hotel), 1280 Fifth Avenue, just to name a few.

There are a number of mid-block condominium buildings in what were once mansions now converted to condominium buildings. These condominium buildings are typically smaller more intimate, often with no doorman, yet usually have all of the pre-war characteristics that are highly desired.

Along Park Avenue, still close walking distance to Central Park a number of condominium buildings are available. The other feature that is typically unique to these buildings is that you will have a few that are a lot taller than their surrounding buildings, giving the higher floor apartments tremendous views of both Central Park and the city skyline, buildings such as 900 Park Avenue or 502 Park Avenue both have Central Park views from the higher floor apartments.

Condos near Central Park on the Upper East Side Pricing:

Except the price to start in the $2,500 sq/ft range and go up from there depending on the unit. Central Park facing units will be commanding a premium along with certain Fifth Avenue and Park Avenue buildings that will also be priced at a premium.  For the fully renovated, higher floor, optimum views, outdoor space you could be looking at a range of $4,000 sq/ft+ for certain apartments that have truly unique characteristics.

Since September of this year, there have been approximately Seven (7) closed condominium/condop sales between Fifth Avenue and Park Avenue.  The average price per sq ft for those apartments was approximately $3,700 sq/ft.  The price range was from $3,850,000 to over $23,500,000.

With these types of sales and the range being so wide it’s extremely important to recognize the most relative comparable’s often found in the same building if you have any, the same type of view, size and condition.

If you are interested in knowing more about what is available for a condominium near Central Park on the Upper East Side, call us today at (917)837-8869 so we can discuss your interest and find the suitable Condominium near Central park on the Upper East Side for you.

Park Avenue Condos Upper East Side-UPDATE

Park Avenue Condos located in the Upper East Side is one of those focused searches, specific to just the few prized condominium buildings. The Park Avenue condominium Real Estate market is always under a limited supply because the demand always outweighs the supply.  Below is going to be an overview of what is going on in the Park Avenue Condominium for sale market right now.

What’s New to the Park Avenue Condo Market?

The answer is not much, a Two Bedroom Condo came available at 900 Park Avenue Condominium asking approximately $2,500,000 in late November. Other than the apartment at 900 Park Avenue Condominium there have not been any noticeable new listings to come on the market.  There have been a number of price drops for a couple of different apartments.

The total inventory for condominiums with a Park Avenue address still lingers around 20-25 apartments.  The price range starts a little over $1,000,000 for 1 Bedroom Condos and tops out over $30,000,000 for the penthouse full floor residence with tremendous panoramic views and outdoor terraces at Trump Park Avenue at 502 Park Avenue.

Always interesting to follow are the Park Avenue Condominiums for Sale that have contracts signed, the pending apartments waiting to close.  There are currently 10 different apartments and this could change at any time due to them actually closing or coming back available to the market.

Five of the apartments are located at 949 Park Avenue.  That was a new construction condominium building.  It was a boutique building built between two larger apartment houses.  949 Park Avenue was made up of mainly duplex residences in the 2 and 3 bedroom range.  The price range for the 949 Park Avenue Condominium residences is approximately $4,000,000-$6,000,000.  Until they actually close the final closing price will not be known.

The other Park Avenue Condos for sale that are in contract range from a One (1) Bedroom condo at 502 Park Ave-The Trump Park Avenue in contract at $999,000 to a Two Bedroom, Two and a Half Bathroom Condo at 500 Park Avenue asking $5,700,000.  Again the final closing price will not be known until the apartment closes and the prices become public information.

If you are interested in knowing what any of these apartments actually close for, email us by clicking here:

http://manhattannycondosforsale.com/contact/

In the last 60 days there have been 4 Sold and Closed Properties along Park Avenue in the Upper East Side.  If you would like that list of apartments, call us at (917) 837-8869.

Even though there have not been that many new apartments on the market along Park Avenue, there are a couple of new condominium projects in the works that are going to be noteworthy.

737 Park Avenue is in the process of a condominium conversion and planned to start selling sometime in 2012, this will be an opportunity to purchase in a highly desirable location along Park Avenue in a full service fully renovated condominium building.

The old site of the Drake Hotel is plans for a new construction condominium building, planned to have towering views this is going to be a different type of opportunity along Park Avenue to live in a high rise building.

If you are interested in receiving any information or updates about the sales of these two buildings along Park Avenue or other new construction Upper East Side condominium buildings call us at (917) 837-8869.

Or if you are interested in purchasing a condominium on Park Avenue in the Upper East Side, call us today at (917) 837-8869 as we always have the most updated inventory availability and current market condition of the neighborhood.

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The Vanderbilt Condominium at 235 East 40th Street Market Report

235 East 40th Street also known as The Vanderbilt condominium is one of the most desired full service condominium buildings in the Midtown East near Grand Central Station neighborhood.  Conveniently located on East 40th Street between Second and Third Avenue, within a very short distance to both Grand Central Station and the United Nations.  The Vanderbilt Condominium is one of the most conveniently located condominium buildings with close proximity to the midtown business district but also a number of neighborhood establishments.

The Vanderbilt Condominium is a full service building, with 24 hour hour attended lobby with doorman and concierge, attended package room and live-in super.  There is a full size laundry room and garage that can be accessed from within the building.

The Vanderbilt Condominium is one of the most desirable condo buildings in the Murray Hill neighborhood
for a number of reasons.  The location near both Grand Central Station and the United Nations makes this highly valuable for the owners in the building  Located at 235 E 40th Street, this is one of the premiere Grand Central Station Condo buildings.

And because of the desirability of the Vanderbilt Condominium there is always a healthy number of sales occurring every year.  As the end of 2011 is right around the corner here is a market report of what has sold in the building this past year and what is available.

Currently for sale on the market there are Four(4) One Bedroom Apartments asking a range of $675,000-829,000.  The size of most of the apartments and different degrees of renovation along with lower to higher floors accounts for the fluctuation in pricing.  The higher floor One Bedroom apartments for sale at 235 East 40th St, typically have 1.5 bathrooms also increasing their value.

There are a number of apartments in contract right now that will probably close in the next couple of months.

So far in 2011 there have been approximately 13 closed sales.  There is a possibility that there were more sales than that between individual owner’s or properties that never came on the sales market, but we will get a good evaluation of pricing for 2011.

  • Studio’s-Two Studio’s sold so far in 2011 ranging in price of $385,000-$390,000.  Those prices reflected original condition apartments that needed renovation, lower floor units.
  • One Bedroom’s-Nine (9) One Bedroom apartments have sold so far in 2011.  The price range was wide, ranging from $585,000-$875,000.  The wide range is accounted for because of a varying degree of size, view and condition for each apartment.
  • Two Bedroom’s-Two (2) Two Bedroom apartments have sold in 2011.  The price range was $1,235,000-$1,370,000.

For such a big building as the Vanderbilt Condominium, having 12-15 apartments sell in 2011 is a healthy number.  That only makes up about 4% of the total inventory.  All in all that is fairly low.

Something to consider is how long each apartment stays on the market, typically once it is priced within a fair market range it will sell very quickly.

For a comprehensive and up to date list of the condos for sale at 235 East 40th Street contact us today.  We have sold a number of apartments at The Vanderbilt Condominium so far in 2011 and can help you finding an apartment for sale in the building or helping you sell it.  Call us at (917) 837-8869 if you would like to find a condo unit in this building or other comparable condo buildings in Manhattan New York.

Manhattan New York condo Buyers Must Read:

Vanderbilt Condos at 235 East 40th Street is one of the most desired Grand Central Station condos buildings. Whether you are looking to invest, rent, or live Vanderbilt Condos could be the location for you. Contact us (917)837-8869 today to see the building.

Greenwich Village Condos-How much is one bedroom in Greenwich Village?

Greenwich Village Condos for Sale are highly desired for a number of reasons.  First being that Greenwich Village is in the heart of downtown Manhattan.  A central location with a long established neighborhood community.  Greenwich Village is commonly the quintessential neighborhood when people think of New York City.  Greenwich Village Condos for sale are also highly desired because they are hard to come by.

The neighborhood itself is made up mainly of pre-war cooperative type buildings, meaning that the supply of Greenwich Village condos for sale is always limited.  This low supply of condominium buildings and consistent and high demand for condominium buildings has created one of the best long term investment purchases you can find in all of Manhattan.

One of the common questions we receive is “How much is a one bedroom Greenwich Village Condo for sale Cost?” It’s a fairly simple answer as there aren’t that many 1 bedroom condos for sale in Greenwich Village, however depending on what you are looking for the prices will vary.

If you are looking for a new construction or recently renovated building in Greenwich Village you are in luck.  New construction condominium and Greenwich Village is not something that comes up too often as it’s extremely rare.  But there are some recent buildings that have come available.  The two buildings that come to mind are 28 East 10th St-The Devonshire House and 130 West 12th Street-a recent condominium building.  Both buildings are going to have a distinct pre-war feel.  They are full time doorman buildings with top to bottom renovations.

One Bedrooms at 130 West 12th Street which just started selling are priced starting at $1,400,000 and went up from there.  Every single 1 bedroom condo for sale at 130 West 12th St that was made available by the sponsor is already in contract.  In fact most of the apartments made available by the sponsor have already gone into contract.

One Bedrooms at 28 East 10th Street-The Devonshire House, all sold out very quickly much like 130 West 12th Street.  At the time they came on the market the price range was approximately $1,150,000-$1,600,000.

If you are looking for a typical re-sale condominium 1 bedroom condo that is where you are going to find the majority of the inventory.   A number of factors make a lot of difference for pricing in a Greenwich Village condominium building.  The factors include condition-there is a large premium and demand for renovated apartments, pre-war or post-war buildings- Pre-War buildings are quite rare and the 1 bedrooms for sale in those buildings sell at a premium because of the built in scarcity, and always size and exposure of the apartment.  Higher floor apartments are always going to sell for more because of the quality views and light that comes with it.  Every square foot matters a lot in Manhattan, the larger the apartment the more expensive it’s going to be.

Pricing for a one Bedroom Condo in Greenwich Village is typically going to start around $800,000 and easily approaches $1,500,000 for the larger more renovated pre-war apartments.  The average price is going to be around $1,150,000 and will start to go up or down depending on what exactly you are looking for.

If you are looking to purchase a One Bedroom Greenwich Village Condo either for yourself, a child attending one of the near-by universities, as a pied a terre or investment property, you can contact me today at (917) 837-8869.  We are very familiar with the real estate market in Greenwich Village for condominium apartments and can help you with your search.

Greenwich Village 1 Bedroom condos for sale is a driven market, the best apartments are selling quickly, we can be contacted at (917) 837-8869 or email us by clicking this link http://manhattannycondosforsale.com/contact/.

Condos near Parsons School of Design

Condos near Parsons School of Design- We have discussed many different condo options near NYU (New York University) and Condos near the Juilliard School, in this blog, we will discuss condos near Parsons School of Design.

Parson’s is located at 66 Fifth Ave, right in the hear of the Greenwich Village neighborhood in Manhattan. If you are looking for housing near Parson’s School of Design or condos near Parson’s School of Design then you will have many options.

Parson’s School of Design is going to share many of the same condominium housing options that NYU students are also looking for.  Condos near NYU and Condos near Parson’s are typically going to be some of the same buildings.  Parson’s is within walking distance to a number of different neighborhoods, first the Greenwich Village neighborhood, along with Union Square, Chelsea and the Flatiron District.  This crossroads will provide a variety of condominium for sale options near Parson’s.

If you are looking to buy an apartment while you attend Parson’s, a condominium will be your best option. Condominiums provide a flexibile method to purchase with the minimum amount of rules if you want to turn the apartment into a potential investment unt.  Condos near Parson’s will include One Irving Place, commonly known as Zeckendorf Towers.  If you are looking for a pre-war condo near Parson’s, you have a number of very fine options including 25 Fifth Avenue, 59 West 12th St, 299 West 12th Street, and even 2 Cornelia Street.

Or if you are looking for a new construction condominium near Parson’s, look at availabilities at Gramercy Starck-340 E 23rd Street over in the Gramercy neighborhood, 16 W 19th St-Jade NYC, or 122 Greenwich Avenue.

If you are interested in newly constructed buildings, there are a number of new construction projects available in the surrounding neighborhoods. The availability always changes and updates daily, so contact us at (917) 837-8869 and we can provide you with the most up to date information.

Apartments near Parson’s will give you many options, whether you are looking to rent or to buy. The question is how to figure out what is a fair market price and how to efficiently go about the purchase process as quickly and effortlessly as possible is where we will be able to help you.  If you are interested in renting or buying a condo or apartment near Parson’s School of Design, contact us at (917) 837-8869.

Before buying in New York city Cooperative Must Know

Before buying in New York city Cooperative Must Know

Whether you are international foreigner or United States citizens, before considering in buying in a co-op, here are few items one should consider in buying in a coop.

Buyers or Investors to buy an apartment in a co-op building are not easy for several reasons:

  1. Co-op purchaser approval takes weeks — if not months — and is a rigorous and notoriously difficult process. The majority of co-ops only approve buyers with New York employment, US income tax and excellent credit history in the US. The law does not require a co-op to provide an explanation for a potential buyer’s rejection.
  2. There are often restrictions on how much financing a buyer can use (for example, no more than a certain percentage of the unit price).
  3. Almost all co-ops restrict the right to sublet your apartment, which makes it unattractive to investors and many buyers. Usually, co-op apartments cannot be rented out at all or can be rented out for one or two years after a certain number of years of owner occupancy.
  4. Co-ops regulate your use of the apartment in many other ways, including having guests or performing renovations.
  5. When selling (or renting it out when allowed) a co-op, the next buyer or perspective tenant will be subject to co-op approval AND interview as well, which reduces the number of qualified buyers and therefore reduces the price of your investment.
  6. There are often additional “flip taxes” on the resale of a co-op to discourage speculators.
  7. Regardless if this is an ALL CASH or FINANCED purchase, full financial disclosure is required. This means perspective purchaser will have to provide tax returns, pay stubs, bank statements and other supporting documents to verify the assets and meet the requirement of the coop.
  8. Every co-op is different in regards to if they will allow the apartment to be used as a part time residence(pied a terre), allowing a parent to buy the apartment with or for their own child, allowing a guarantor or co-purchase structure to buy the apartment.

Co-op buildings are governed by Co-op Boards where there is a Board of Directors reviewing, evaluating and discussing each decision made by the co-op. These decisions range from coop policy, budget expenses, future renovation/repairs, surround neighborhood concerns, maintenance fee projection and approval of other shareholders’ sale or lease of the apartment just to name a few.

With all that being said, some of the most prestigious buildings in Manhattan New York are cooperatives with similiar of rules or format as mentioned above. Each cooperative building has its own house rules and policies, many buildings along Central Park on Central Park West and Fifth Avenue are cooperative buildings. If you are looking to live on one of these prestigious and desirable streets, you will more than likely be looking at cooperative residences for sale.  There will be a few condominium buildings along Central Park West, Fifth Avenue, Park Avenue, but the supply is very limited.

If you are looking to buy an apartment in Manhattan New York and not sure where to start, I encourage to give us a call today at 917 837 8869 to strategically plan your search.