If you have been looking for a Two Bedroom Condominium recently in the Greenwich Village neighborhood I’m sure you have been increasingly frustrated waiting for new inventory to come on the market and then when something does happen to come available in your price range it becomes a fierce bidding war for the best properties.
As of late August 2015, within the neighborhood of Greenwich Village, we are tracking just Six (6) Different Two Bedroom Condominiums on the market for sale. And of those Six, three of them are in new construction condominiums and the other apartments are what we would describe as being in the Noho neighborhood, not within the traditional Greenwich Village border.
For a Two Bedroom Condo buyer looking to be in or around the Greenwich Village neighborhood, you have two routes the resale inventory or the new construction condominiums.
If you are interested in a new construction condominium, there are a few different buildings that have two bedroom inventory including the Greenwich Lane Condominiums and 37 East 12th Street, however the price point begins at approximately $5,500,000 and can go up to close to $10,000 for the larger apartments.
So if you see yourself looking at the resale condominiums, this is the segment where most buyers are looking because of the price range and typically more options to choose from.
Here is a breakdown of the activity since the beginning of 2015:
We tracked 16 Closed Sales. A price range of $1,325,000 up to $4,995,000. With a price per square foot around $2,000 depending on the type of building. The median price point is essentially $3,000,000.
–16 Closed Sales is simply a very low total volume of transactions. This isn’t because of a lack of demand it’s simply a lack of inventory being put on the market.
–Why such a big difference in price range? There are a handful of sales between $1,325,000 and $1,750,000 that are really Convertible Two Bedrooms. Essentially a one bedroom with a dining alcove was converted to a 2nd bedroom. There is a lot of demand for this entry level style of two bedroom because for a true two bedroom, most of the sales are occurring at $3,000,000.
So if you are looking for a two bedroom condominium in Greenwich Village, you can expect the price point to start around $2,500,000.
What should you do if you are interested in a Two Bedroom Condominium in Greenwich Village?
Our advice is that because of the lack of quality inventory, you are going to see very strong interest once it comes on the market. There could be multiple offers, there could be lots of people at the first open house.
1.Educate Yourself on what the market prices are going to be for what you are looking for?
Too often people come in looking in the rear view mirror of what sold last year or what is selling in a different neighborhood trying to get an apartment for a price that is just not reasonable. When you have so little inventory in such a high demand neighborhood as Greenwich Village you can expect premium pricing.
2. Get Your Financing in Place and Attorney Ready
If you want to secure an apartment quickly, the owner will want to know you are capable of going through with the transaction. Whether you are paying ALL CASH or you need a mortgage, you need to come prepared. Also having your attorney picked out before you make the offer will help speed along the process giving you the ability to sign the contract as quickly as possible.
3. Once an Apartment comes on the Market, Act Quickly! Try to see it as soon as possible, make yourself available to the time the seller agent says works best to see the apartment.
If you are ready to start your search for a Two Bedroom Condominium for Sale in Greenwich Village, contact us (917)837-8869, we can discuss any questions you may have, and current availability on the market so you can find the perfect one for you without much of stress.
Other related Greenwich Village New York blog posts:
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.
The oversized master bedroom can have a seating area and as well as a King size bed set.
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.
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.
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.
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.
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.
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
Chinese Speaking Real Estate Broker EILEEN HSU with her mother
Our Chinese buyers are from both United States and international countries such as Taiwan, China, Hong Kong, Singapore, Malaysia, Indonesia and Canada, their main reason of buying is because their young adult children work in Manhattan New York or go to University in New York and instead of renting, culturally we believe it is better to own than pay rent.
As Chinese Real Estate brokers specialize in Parents buying NYC condos for Children, we facilitate the home search in many aspects, we bridge the culture difference by being Asian Americans ourselves and understand many fundamental of Asian beliefs and house hunting basic requirements, we help parents understand the complexity of Manhattan Real Estate market place by providing a comprehensive overview and basic market knowledge.
Direct and clear communication is essential when working as Mandarin Chinese Real Estate brokers with Chinese buyers. Once we understand what our buyers parents buy condo for children are looking for, we will make our recommendation and suggestions based on their criteria. We will recommend the type of housing product, neighborhood, buildings that will work best for their needs, and connect them with trusted advisers such as accountants, lawyers, financial planners and etc to ensure their purchase is well and sound.
Are you a parent looking to buy a NYC condo for your son or daughter?
One of our expertise as Manhattan condo agents is to educate buyers who are parents looking for a suitable condo for their son or daughter that is currently living in Manhattan New York.
Manhattan New York is a vibrant city, the Real Estate market is one of the kind, unique unlike any other parts of the country or world. Many of our buyers who are parents, they have purchased their home in other places but their previous Real Estate experiences are almost irrelevant when it comes to buying in Manhattan New York.
As parents, you want the best for your young son or daughter, find a suitable condo in a safe and convenient location is the one of our top priority. In addition, we understand your Real Estate purchase is also serving as a long term Real Estate investment, hence it is absolutely beneficial for you to work with us who have extensive experiences working in finding the right property that will meet all of your criteria.
We have work with parents who have young adult son or daughter that go to Columbia University, Fordham Law School, New York University, Stern, Parsons school of design, School of Visual Arts, music school and other well known schools. We also have parents buying for their young professional son or daughter who recently relocate to NYC working for different companies.
Each buyer have very specific and different criterias as we can discuss that when we are on the telephone. Here are few key steps to prepare and understand before your home search
Time frame – is your son or daughter current renting an apartment? This is important to know so you can plan ahead.
45 days to 60 days IF YOU PLAN ON PURCHASE IT ALL CASH, cash means money in your bank account, this does NOT include any offshore financing or creative financing. (this does not include New development or new construction buildings. If new buildings, it can be much longer depending on the building, or it can be quick) Typically, the quickest we can close would be 45 days. If it is a cooperative, then it can be 90 or more days subject to condo board approval. If it is new construction condo, it can be two weeks up to unknown period of time depending on construction stage.
60 days or LONGER if FINANCING: If you are planning on financing this investment, be sure to speak to a local Manhattan lender that is familiarize with the market, the lending rules, and the mortgage products that may be suitable for you and your son/daughter.
To avoid any delay or issues during your home search for your son and daughter, it is advantageous for you to team up with agents who have the experience to ensure a smooth process. You may have purchase homes in your home state or country before, but Manhattan New York is a very unique market, and Real Estate is local so it will benefit you as a buyer to best prepare so you do not waste anytime if you plan to visit NYC and identify a property for your son or daughter, call us today to plan this purchase today.
Smart and savvy buyers work with agents like ourselves, contact us today at (917)837-8869 to experience result oriented agents.
This unique market is at 59th Street at the intersection of Columbus Circle on Central West is one of the best places for holiday shopping and eating in all of Manhattan.
There are some of the best local artisans, bakers, jewelry and small gifts by over 100 local small businesses come together to form what has become an outdoor fair.
One of a few outdoor holiday market’s in Manhattan, The Columbus Circle Holiday market has what we consider the best location. Right at the entrance of Central Park on 59th Street and Central Park West, you can shop, eat and entertain yourself and then walk right into Central Park.
There is a wide variety of shopping opportunities within the holiday market. There is something for everybody, it will give you the ability to buy for just about anybody on your shopping list and you can snack on some delicious food in the meantime.
Hours of Operation for 2012:
November 28th – December 24th, 2012
Monday – Saturday, 10:00am to 8:00pm
Sunday, 10:00am to 7:00pm
Monday, December 24th, 10:00 to 4:00pm
This is a must see and then walk over to the Time Warner Center to get warm and do some more traditional shopping or take a stroll in Central Park.
If you only have few hours to sight seeing in Manhattan New York, we would recommend you to go see “the tree”. Every year, many visitors come to Manhattan New York to see this Christmas Tree at Rockefeller Center.
Here are some interesting fun facts about this spectacular tree:
It’s a Noweigan Spruce
The tallest tree on record was in 1999, 100 feet tall (2012 Height-80 ft)
The star on top of the tree since 2004 weighs 550 lbs
The 2012 Tree survived Hurricane Sandy from Flanders, New Jersey
If you’ve made it to the Christmas Tree at Rockefeller Center you will also be able to see the ice skating rink, the window displays and decorations along Fifth Avenue, and will have the opportunity to do some world class shopping along Fifth Avenue.
Seeing the Christmas Tree at Rockefeller Center is also a FREE event, no admission necessary.
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 1980s, 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
The location itself and architectural characteristics of the condos for sale at the Zachary Condominium NYC are quite noteworthy.
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
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:
[gravityform id=1 name=MANHATTANCONDO WEBSITE Contact Us Page title=false description=false]
How much down payment does Foreign Buyer need to buy One Bedroom condo?
There is no clear cut answer to how much down payment a foreign buyer will need.
Through our many successful experiences helping foreign buyers, we can provide you some ideas as to what to expect if youare thinking about financing or obtaining mortgage in the United States.
If you are a foreigner national thinking of buying in Manhattan and want to obtain financing by US bank, you will need to prepare many documents and substantial amount of down payment in order to satisfy bank’s requirement and qualification.
On various property websites, perhaps you see Manhattan condominium buildings only require a 10%
down payment. Keep in mind that 10% is what each condo requires, but each bank will require much down payment more depending on each of your situation. Here are some different factor that will determine how much down payment is required:
How much is the loan amount (the money you want to borrow from the bank)
Different Type of Loan
Your financial profile ( you may have to provide your home country bank information so the US bank can verify your assets or possibly ask you to open up a US bank account)
The building you are interested in (US bank will evaluate each condo building and decide if the bank would want to lend in that building.)
It is in our experience that unless you have started the loan application, the bank will not be able to provide you their approximate estimation for the down payment, but usually the down payment is minimum 30% of the purchase price of the condo.
Many of our foreign international buyers put down payment 30% to start, sometimes up to 50%, it will really depend on the factors we mentioned above.
If you are thinking of buying a $1,000,000 condo in Manhattan New York, your down payment is going have to be at least $300,000. (this does not include your other closing cost of a condo)
Many foreign international buyers are not familiar buying in Manhattan New York, we helped them through the buying process and everything they need to know about the market and how Manhattan New York works here. If you are thinking of buying Manhattan condo, call us today (917)837-8869, or email us so we can talk about what you need to prepare before your trip to NYC.
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.