Category Archives: New construction NYC

New York City First time Condo Buyer and Investor Part 3 New Construction Condos – What I don’t Know

New York City First time Condo Buyer and Investor Part 3 New Construction Condos – What I don’t Know

  1. What is the Condo Market
  2. Getting a Mortgage Is Not All About You
  3. New Construction Condos – What don’t I know
  4. Buying as an Investment
  5. How do I figure out if this is a good deal or not in 2017?

New Construction Condominiums are definitely some of the most popular projects in all of New York City Real Estate, whether it’s the record breaking height of a new skyscraper, the innovative architecture from world renowned architects, or one of the new mega projects transforming a neighborhood, new construction condominiums are at the forefront of most Real Estate conversations.  

Did you know that as of Mid-May 2017, that approximately 25% of condo sales are made up of New Development, so despite the headline generating buzz it creates, new construction condos are just a fraction of the overall condo market.

What’s important to understand is that the New Construction Condo market shares a very important similarity to all other condominiums in New York City, which is that it is is made up of specific segments with their own unique characteristics.  

You have the top end of the luxury segment of new construction market, that gets all of the headlines, so people think that all new construction is mirroring those headlines.

What’s important to understand with new construction is that new construction buildings whether they are in Park Slope Brooklyn, along Billionaire’s Row across 57th Street, the Financial District or any other neighborhood, has their own market dynamics at play and you need to understand what they are before purchasing.  

When you are buying New Construction Condominiums there are a couple of definite Must knows and especially if you are an investor

  1. Closing Costs for New Construction Condos – Often the sponsor will try to have the buyer pay the Transfer Taxes which are approximately 1.825% of the Purchase Price
  2. Paying for Sponsor Attorney Fees
  3. Paying for a portion of the Resident Manager (Superintendent) Apartment, varies but can be significant
  4. Capital Contribution – Paying Upfront Common Charge to Build Reserves for the Building
  5. Mortgages- Will Often be Non-Mortgage Contingent

Please note, the above bullet points are not hard rules, but common practices and are definitely market dependent.  Whether you are reading this now in May of 2017, or some time in the future, the new construction marketplace will have changed.  


So What are some things that you probably don’t know about New Construction Condominiums: If you are closing in the first wave or batch of apartments, that they may not be  finished with the amenity spaces or all the floors when your apartment closes, so you could be living through construction or not have full access to the amenities .

Something that we saw and continue to see in the current phase of New Construction Buildings that should be especially important to an investor:

1-Some buildings are heavily marketed to overseas buyers or have large percentages of the building become investment rentals.

2-We have seen some buildings where 50-60% of the apartments instantly turn into rentals.  So you have large numbers of apartments hitting the market for rental all at the same time, all targeting the same tenants.  You have to put yourself in the tenants point of view, they are going to set up appointments to see all of the available inventory which is going to look the same because the building is brand new and they will decide on who will give them the best price.  

Pro Tip: If you are buying as an investment, ask about the mix of apartments, are their more 1 beds or 2 beds or 3 beds, so you can get an idea of the potential competition you may have when you close.  If you are buying in a building that is a majority of a certain type of apartment, you know that its likely that type of apartment will have the most competition.  

As an investor, if you are in the first wave of closings and the building construction and amenities isn’t finished yet, that will hurt your marketability to find a tenant.  Tenants want to have access to everything and often will ask for a better price to compensate the disruption.  

New Construction Contracts are routinely very straightforward – often there is limited room to negotiate, whether you accept the terms or not having an experienced attorney that is familiar with new construction condominium contracts is very important to understand what is the common practice what is not.  

Usually the initial contract deposit at signing is 10% and often a second deposit is required, often another 5-10%.  The timing of the 2nd deposit varies from project to project.

When you close on the apartment, you will often get about a 30 day lead time, so you will want to have the rest of your funds in place, whether its a cash purchase or a mortgage.

If you are obtaining financing, most new condominium projects will require a non-contingent mortgage, so you will have to be confident that you can obtain that mortgage before you sign the contracts.  


So you have your closing date scheduled, you are close to the finish line, it’s time for the walk-through of your new apartment.  So what exactly is a walk through? The walk through usually happens the day of or day before of the actual closing.  You will get to go through the apartment with the developers representatives and they will show you how everything works in the apartment and if any touch up or fix up needed, then there will be a “punch-list” which will be completed by the developer’s team in a reasonable time frame.

We’ve been selling new construction condominiums for over 15 years now, since they become really popular in the mid-2000s.  Each experience and building is different but we wanted to lay out for you some of the pitfalls, questions, and scenarios that many of our buyers have faced.  

We believe an educated buyer makes a more confident owner, which is what we are always aiming for.  We’ve found that people assume that because they are buying new construction there is nothing to worry about, which we understand, although that is not always the case. We are in the market place everyday and see the different changes in each new construction, when we work with buyers, we ensure the buyer is well aware of everything we wrote about and any new addition of changes or must know that take place in the current market place.

Call us (917)837-8869 or email us and we can help you to buy the new construction you want with confidence. 

This is a five part series blog posts. You can read about by clicking on the links below:

  1. What is the Condo Market
  2. Getting a Mortgage Is Not All About You
  3. New Construction Condos – What don’t I know
  4. Buying as an Investment
  5. How do I figure out if this is a good deal or not in 2017?

Or see our testimonials from Happy and Confidant buyers and sellers click here: http://manhattannycondosforsale.com/testimonial-past-clients/

2017 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.

We also wrote another post about How to Buy New construction Condo in NYC that you can read about it here: http://manhattannycondosforsale.com/how-to-buy-a-new-construction-condominium-in-manhattan-new-york/

There are many 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 so we can recommend which new condo best suits your needs.

How to Buy a New Construction Condominium in Manhattan New York

How to Buy a New Construction Condominium in Manhattan New York

New Construction or New Development Condominiums in Manhattan get the most headlines of all property types for Manhattan Real Estate.  The reason is quite simply that some of the new condominiums being built will be the most expensive real residential Real Estate Manhattan has ever seen.

The 1,000+ ft tall towers with their sky high price tags are certainly impressive, however there is a whole world of new construction being sold quite steadily and this segment of the market we would like to tell you about.

We receive a steady stream of requests from buyers looking to purchase in a new development and we find ourselves educating our buyers on a lot of aspects of the purchase process that you will be very hard pressed to find anywhere on-line.

Our goal is that an educated buyer is well informed and will be better able to make the best decision for themselves when they see a condominium that suits their needs.

When it comes to buy a New Construction Condo NYC, First thing we talk about:

1. What is the pricing like for new construction condominiums in 2017?

Pricing will start around $1,600 per square foot, but most of the inventory will be above $2,000 per square foot and looking in the more luxurious buildings and larger units you will instantly be looking at $3,000 per square foot and higher.

Like anything else, there are tiers to the new construction marketplace.  We have worked with buyers looking at the entry level pricing for new construction all the way up to apartments in the $5,000 and plus per square foot.

Putting pricing into perspective, the last major New Construction Phase was in the 2005-2007 time range, from our recollection, buyer spending $1,200 sq/ft was at the upper end for the nicer buildings, people certainly liked to stay around $1,000 sq/ft.  These were buyers looking at buildings such as the Chelsea Stratus at 101 West 24th Street, the Link at 310 West 52nd Street, The Milan at 300 East 55th Street, or the Orion at 350 West 42nd Street, buildings that have done well since then with strong price appreciation.

This is just an example of obviously if you were looking to buy at the Time Warner Center or 15 Central Park West then it is a whole different range.

2. What is your time line to purchase a New Construction Condo New York city?

The majority of new construction condominiums are being sold at least a year before they will be completed, if it is a ground up new construction building, you could expect in some cases 2-3 years away.  The buildings with the quickest turnaround time are the condo-conversions, what was once a rental building or office building has now been converted into residential condominiums. These will give you the highest likelihood to move in as soon as possible.

The developer will give an anticipated closing date, but this is not a set in stone date.  If there are construction delays and the anticipated closing date is pushed outward, you simply have to wait. The buyers must have a flexible time-frame as with new construction, many things can cost delay and during your time of the visit at sales office or time of contract due diligence, your attorney can certainly inquire more on this.

3. What are the costs involved to purchase a new construction condominium in 2017?

There are additional closing costs involved to purchase a new construction condominium versus a re-sale condominium.  They can include the following:

    • Transfer Taxes-Approximately 1.825%
    • Sponsor’s Attorney Fee’s-Varies(starting $3,000-$5,000)
    • Capital Contribution Fee-Varies
    • Contribution to the Building Resident Manager’s Apartment-Varies

Please note that above list is just a sample new construction closing cost, the specific cost varies depending on the project, but what is important is to understand that you will be responsible for them.

The fees stated above are just related to new construction condominium, you will still be responsible for mortgage recording taxes if you are obtaining a mortgage to purchase, your own attorney fee, a mansion tax if the purchase price is over $1,000,000, other various title insurance and closing cost fees.

A lot of buyers ask us if the developer will pay for any of these closing costs and the typical answer we see right now in today’s market is NO.  The developers are selling their apartments very quickly and do not need to make any concessions.

The other very costs associated with new development purchase are the contract deposits and installment deposit you will make to purchase.  Your standard resale condominium you will make a 10% deposit at the time of contract signing.  For a new development condominium, the initial deposit will be 10-15% of the overall purchase price.  And typically there will be another deposit made of another 10-15%, usually 3-6 months after your initial deposit or when the offering plan is declare effective.  The amount and schedule for deposits will be outlined for you but you will have to allocate your funds accordingly.  Not every single building will require multiple deposits, although this is a common practice, especially for the more expensive properties.

4. Getting into a New Development as Soon as Possible

The situation is typically a new building is just announced, the initial renderings and explanation of the building look very exciting.  The building is maybe just a hole in the ground right now, the construction has just begun and anticipated closing in 18-24 months out but you want to see the availability now and be first to purchase.

You go on-line to see if they have a website and nothing is to be found, or if you are lucky they have a landing page where you can input your information and maybe the sales office will call you back.  It all becomes a bit stressful if you want to get in early. Many times the developers will work with experienced and reputable agents like ourselves to allow the buyers have VIP access before the general public have a chance to look at the project. 

Why do you want to get in early at a new development?

Good question and it tends to be for two reasons, first is pricing and second is selection.

Without getting into too much Real Estate jargon including terms such as “Schedule A Pricing” and “amendments with the attorney general” basically the developer releases certain apartments for sale and typically increases the pricing as they sell out more of the building.  The first wave of apartments being available for sale are the baseline from where pricing will go once sales begin.  Typically, there will be a slice of each type of apartment the building offers for sale.  So if the building has 100 apartments for sale, the initial offering will only have maybe 10 units for sale and it will be a mix of the different sized apartments in the building.  So there will be a couple of 1 beds, 2 beds, 3 beds and so forth available to be sold.  Even if the building has 30 Two Bedrooms in the entire building they will not flood the market with all of them at once.

So what happens is that the first wave of units released are typically purchased very quickly because they are being sold at the lowest price that will be available in the building.  Now the developer will release more units, but increase the price depending on how much demand they are receiving.

Often the price change is substantial, definitely creating a motivation for buyer’s to make a quick decision.  

The other area of importance for looking at a new development early is selection.  Most buildings will have 2-3 different variations of each type of apartment size they are selling.  So there might be two different, 1 bedroom layouts, a couple different 2 bedroom layouts, so on and so forth. Some buildings will offer more variety of layouts than others, but what we typically see is that certain layouts will come with different exposures and different views.  If one side of a building has a very unique desirable view such as an open view, a view of a New York City landmark, park or river facing, you better believe that those apartments will probably sell first.  They will also be selling at a premium, but you can imagine that if you could secure one of those apartments at the best price possible early on in the sales process you would do it.

5. Getting into the Sales Office and Buying a Condominium

Every developer handles the sale of their building differently, some sales office will not open up to any appointment until they have built multi-million dollar sales office and others will start the soft sales process more informally with appointments being made to look at floor plans and renderings.  

This is because most of the new construction condominiums being sold are still very early in the construction process, there is no finished project to actually look at.  But there is a next best option, a lot of developers will build out close to an entire apartment in their sales offices.  So you will see a full size model of the kitchen, bathrooms, the finishes, some will have the ability to show you the view from the apartment as they have sent up video drones to take pictures of the view from each floor and each exposure.  It really is impressive when you can see the view from what could be your apartment on the 50th or 60th floor of the building.  

Majority of the buyers enjoy the sales office experience as getting an idea of the apartment dimensions, ceiling heights, the quality of the finishes always makes it easier to make an educated decision.

Often by the time one of these sales offices is up and running the developer already has in-contract a good portion of the building.  So before the sales office launch its opening, some sales teams will meet with prospective buyers showing whatever marketing materials they may have available,  floor plans and renderings of the apartment finishes and building amenities.

Most people want the opportunity to see the availability as soon as possible, to have the most layout options and potential entry level prices available to them.

6. What can I expect buying a new construction condominium in 2017?

Some differences we see from this marketplace and from what we would consider the last new construction wave back in in the 2005-2008 time range:

The size of apartments has increased. You are going to see more spacious apartments and less units in each building now.  It is very rare to have studio size apartments available, and even one bedroom units are becoming a smaller portion of the building.  The main reason for this is that larger apartments sell at a higher price per square foot than the smaller units (three bedroom unit price per square foot will be more than one bedroom unit price per square foot).  Real Estate developers are purchasing land at a much higher cost today than they were back in the mid-2000s, so for a project to make economical sense for them, they need to build the larger, more square footage apartments that will basically give them a better return on their investment.

There will be more boutique sized new developments, that just have full floor 3 or 4 bedroom apartments, or the mix of the apartment size in the building will be between 2-3 bedrooms.  So when a building becomes available that has the studio or 1 bedroom inventory, those apartments typically sell out very quickly as they are not so readily available and they fall into a price range typically where there are way more buyers than there available apartments.

7. What should you be looking for in new construction today?

The pedigree of the architect, the track record of the developer, the quality and the details of the finishes, the style of the building and how it fits into the neighborhood landscape, these are some of the characteristics we focus on when looking at new projects.

The number one fundamental still remains in making a good investment is still going to be neighborhood and location.  Whether that is a new construction condominium, a re-sale condominium in an established building, purchasing in a location with strong fundamentals will be one of the best decisions you can make.

The most prime locations in Manhattan, not surprisingly are going to have premium pricing when it comes to Real Estate.  

New development is increasingly difficult to build in many neighborhoods because of zoning restrictions, so new developments in certain neighborhoods that have “historic district” classification are going to see very few new condominium projects.  

When we speak of the pedigree of the architect or interior designer of the building’s finishes and common spaces, the reason that this is important because the most notable architects and designers bring with them first a high quality product that you will be able to enjoy, the second reason is that they bring with them a name reputation that will help on re-sale value.  There is a name cache and recognition for certain architects that when you hear it, you associate their past buildings they have built, a reputation for high quality and thoughtful product.  When somebody is purchasing in the higher end of the price point, this becomes more important in our evaluation of the building.

The quality of the craftsmanship and level of finish feels like a race nowadays with a lot of the luxury developments that are competing for the same type of buyer.  How do they separate themselves when gone are the days that all you had to do was have a Viking Stove and Italian Cabinetry to be considered a luxury development?  The attention to detail and level of finish has certainly increased in many projects.  Crafting floor plans with the lifestyle of the owner in mind and anticipating the lifestyle of the owner when developing the amenity spaces in the building is something that we see more and more of.  

Each building has it’s own pros and cons, what makes it unique, giving you a reason to purchase there.  We see and take buyers to many of the new buildings and see firsthand the finished project and the sales presentation.  Now is a good time to be a buyer for a new construction condominium.

Do you to have a Real Estate agent in buying my Manhattan New Construction Condo?

You are not required by law to have a Real Estate agent in buying a New construction condo. In Manhattan New York, both the seller’s agent and the buyer’s agents’ fees are paid by the seller.

There are many benefits in working with us, New York state Licensed, experienced and knowledgeable Real Estate agents to guide you through the process.

In this technology savvy market, finding the new and up & coming construction project may be easy since there are many search websites, but working with the right agents you may be able to have earlier access to see the building BEFORE general public. Typically the developers and their sales team invite industry top performing agents to preview the project before any other agents. In addition, the top agents’ buyers have priority access to those new condos. When you work with us, you will be able to have the priority access.

As experience agents, we can often oversee and expedite the process, ensure there is no issue or oversight that may cause buyers extra money and anxiety. Keep in mind that the Real Estate developers have their own sellers’ and developers’ agents, those agents fiduciary responsibility is to represent the interests of developers/seller, therefore it is beneficial for you the buyers to have agents represent you on your side so you know what is the common practice and what is not.

We have GOOD WORKING RELATIONSHIPS with many developer on site office as this is beneficial to you because we often have “insider insight” to a development as oppose to you going directly. More over, we are here for you on the long run, not just one sale transaction. We provide you with upfront information, good or bad, and let you make that educated purchase.

We have helped many buyers to find the right new construction for them and guide them through the purchase process without stress or mistakes. Many new construction is providing incentives and price discounts depending on the building and unit, this is for limited time only as Spring market is here. So give us a call today and find out if any of these incentive will be available to you.

If you would like to buy a new construction condo in Manhattan New York, give us a call today at (917)837-8869.

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.

LIU_SELLER

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

242 East 25th Street New York NY 10010

242 East 25th Street New York NY 10010

242 East 25th Street has positioned itself as a very desirable condop building in the Kips Bay neighborhood. Located on 25th Street between 2nd and 3rd Avenue, 242 East 25th Street, is one of just a few new buildings in the Kips Bay area.  Close to both Murray Hill and Gramercy Park neighborhoods many buyers have found this building to be a great addition to the condominium inventory.
242 East Street is a condop building.  A co-op structure, but with condo by-laws make the building investor friendly, no board approval, pet friendly, with flexible purchase terms. It is a relatively new building, built in 2005, a part time doorman(currently 7 days a week-8am to midnight) live in super, fitness room, roof deck, storage, elevator building. The building is 13 stories tall and has 54 units, making it a well sized boutique building for the neighborhood.
The first half of 2012, saw 3 sales occur at 242 East 25th St, and one is still currently in contract.
Two One (1) Bedroom Apartments closed this year: Apartment 5B and 7B, closed for the same price, $540,000.  Both Southern Facing units, with excellent light are nicely sized units with open kitchens and washer/dryers within the unit.
Our team sold apartment 5B, very quickly, receiving an offer within the first 3 weeks of the apartment coming on the market.
One Alcove Studio closed this Year-Apartment 8C closed for $410,000.
There have been multiple sales this year and late last year that have taken a very long time to sell, more than 6 months on the market.  The conventional wisdom is that the longer something sits on the market the more likely the buyer will push to negotiate and lower price the seller will ultimately see.
Pricing correctly at the beginning will give the best opportunity to maximize the price and this is why we have had continued success selling apartments at 242 East 25th Street.
We have sold multiple units in 242 East 25th Street this unique condop in Kips Bay neighborhood of Manhattan New York. For most updated availability or questions about this condop, contact us at (917)837-8869 today.

The Visionaire 70 Little West Street Green Condos Battery Park city

The Visionaire 70 Little West Street Green Condos Battery Park city

One of the most preeminent “Green” new construction condominium buildings in all of Manhattan, The Visionaire at 70 Little West Street located in Battery Park City Manhattan New York. Condos for sale at the Visionaire are located in a building that was given the first LEED “Platinum” certification, an extremely prestigious achievement. Located at 70 Little West Street in Battery Park City, The Visionaire condos for sale is geographically positioned with open southern and western views.

The Visionaire is 33 stories tall, has approximately 250 condos in the building and has a very distinctive curved facade.

The Visionaire condos for sale was awarded the LEED Platinum certification because the all encompassing green features including: An air filtration system that filters and circulates the air throughout the building and each apartment, a water filtration system that filters city water before entering each condominium apartment at the Visionaire, the usage of Eco friendly construction materials, just to name the few. The list of green features is exhaustive and every detail was thought of from top to bottom.

The amenities at the Visionaire condos for sale includes first a full time doorman and concierge. A fitness package including a sky lit swimming pool, steam rooms, a fitness center with accompanying rooms for yoga and group fitness. Resident amenities include a resident lounge with an outdoor terrace and catering kitchen. The roof deck on the 12th floor includes barbecues, roof top gardens and lawn area. A very popular amenity is the children’s playroom. A laundry facility is located within the building that complements the washer/dryer’s found in each apartment. Finally, valet parking services are available as is an electric charging station for those with an electric vehicle.

As you can see anybody looking for a condo for sale at the Visionaire is going to be well taken care of when they buy in the building.

There are a wide variety of sizes and prices for Condos for Sale at the Visionaire at 70 Little West Street NYC.

Studio’s range in size from approximately 600-750 sq ft and are priced in the range of $640,000-$750,000
One Bedroom’s range in size from 800-1000+ sq ft and are priced in the range of $850,000-$1,100,000
Two Bedroom’s range in size from 1200-1400+ sq ft and are priced in the range of $1,350,000-$2,400,000
Three Bedroom’s range in size from 1700-2000+ sq ft and are priced in the range of $2,000,000-$3,000,000

As you can see there is something for everybody who is looking to buy a condo for sale at the Visionaire at 70 Little West Street.

If you are interested at knowing what is currently for sale in the Visionaire Condos at 70 Little West Street, we can provide you with all information.

The Visionaire Condos for sale has sold extremely well as the preeminent Green Condo building in all of Manhattan.

Contact us today at (917) 837-8869 or email us at the form below.

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One Jackson Square at 122 Greenwich Avenue in West Village NY

One Jackson Square located at 122 Greenwich Avenue in West Village NY

One Jackson Square located at 122 Greenwich Avenue in New York City is a new construction condominium in the West Village.  Located at what would be described as the crossroads of West 13th Street, Eighth Avenue and Greenwich Avenue. One Jackson Square, received its name from the park it directly faces.  Jackson Square Park is one of the oldest and historic parks in New York City, with a history spanning the early 1800s. This beautiful triangular shaped park has a three tiered cast iron fountain as its centerpiece and is enclosed with stately wrought iron fencing.

One Jackson Square is one of just a few new construction condominiums in the West Village and Greenwich Village neighborhoods.
Construction started in 2007 on this boutique 11 story tall, 35 unit west village condos for sale building.  Designed by William Pedersen of Kohn Pedersen Fox, and developed by RFR Holding, LLC and Hines Interests.  One Jackson Square condos for sale is a LEED certified building with  “green” features such as improved indoor air quality, an energy efficient design and a partial green roof.  Thoughtfully designed and executed well, One Jackson Square apartments for sale has become one of the most desired buildings for anybody looking to purchase condos for sale sale in the West Village, Greenwich Village or Meat Packing Districts.

When first looking at One Jackson Square,
you can’t help but notice the undulating glass facade characterized by the glass panels and numerous setbacks at this Green condo building in the West Village. The curved facade has created a building where apartments are uniquely shaped and design elements have been creatively thought out.

Amenities at One Jackson Square Condominium include a full time doorman and concierge. A fitness room with accompanying spa treatment rooms, entertaining lounge for residents, storage, and roof deck.

Pricing for Condos for Sale at One Jackson Square for this West Village Green Condos for Sale Building:

One Bedrooms for Sale at One Jackson Square typically start in the $2,250,000+
Two Bedrooms for Sale at One Jackson Square typically start in the $3,350,000+
Three bedrooms for sale at One Jackson Square typically start in the $4,500,000+

Keep in mind that pricing varies for each type of apartment because there is a wide range of size difference between each category.  Pricing will vary, so if you are interested in knowing what Condos are for sale at One Jackson Square or want to know about other new condos for sale in the West Village we recommend to CONTACT US and call (917) 837-8869 or email us: http://manhattannycondosforsale.com/contact/

Condos for Sale at One Jackson Square at 122 Greenwich Avenue is a unique opportunity. A Green New Construction Condo building in this area is extremely unique.  New Construction condos for sale in this neighborhood are rare.  The West Village neighborhood is typically characterized by pre-war building architecture and very few condominium buildings.  So having a condominium building that is also a Green New Construction condo building for sale in the West Village area makes One Jackson Square an opportunity.

The West Village neighborhood speaks for itself.  Being so close to the Meat Packing District, Greenwich Village and all of the neighborhood restaurants, shopping and amenities make One Jackson Square an ideal building to purchase in.  If you are looking for Condos for Sale in the West Village we encourage you to see what is available at One Jackson Square and contact us today, at (917) 837-8869.

If you are looking for West Village Condos for sale call us at (917) 837 8869 for all current availability.


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450 West 17th Street New York NY 10011(the Caledonia Condominium)

450 West 17th Street-The Caledonia Condominium) is located in the heart of the Meat Packing District of West Chelsea and literally right next to the High Line Park. If you are looking for a condo near the High Line Park you couldn’t get any closer as there is access from the park into the building.  The Caledonia is one of the most prime West Chelsea Condominium buildings for a number of reasons.

The location of the Caledonia is in the most prime section of the Meat Packing and West Chelsea neighborhood at 450 West 17th Street. Just a few years old, with occupancy in the later half of 2008, the Caledonia is a 24 story, 180 unit condominium building with a large mix of apartments.  The Caledonia also has a rental building attached to it on the lower Eight Story tall northern section of the building.  The building sold out very quickly, made up of a variety of sized condos, from studio’s to 3 Bedrooms and larger combination units.  Some condos for sale at the Caledonia have outdoor terraces, taking advantage of the beautiful and mainly unobstructed views of the Hudson River, downtown Manhattan skyline and High Line Park.

Many people looking for a condo near the High Line Park decided to purchase at the Caledonia. The developer’s of the building, The Related Group, are one of the most well established and respected real estate development companies in Manhattan.  They consistently develop many successful condominium buildings all over Manhattan.  On this project Related was in co-development with Taconic Investment Partners.   The location, quality of construction, views from the apartments were all very desired, but adding to that is a wealth of amenities that the building gives it’s residents.  Starting off with a full time doorman and concierge there is a Culture Lounge by Assouline, a Zen Meditation Garden, for the fitness lovers a Equinox Gym within the building, a landscaped roof deck, an entertainment lounge with private accessible terrace, children’s playroom, a business center, bike storage and garage in the building.

The Caledonia was the first big new condominium built along the High Line Park.  It acts as one of the southern anchors for condos near the High Line.  Almost all of the more recent development of condos near the High Line have been built north of where the Caledonia sits at 17th Street.  The apartments themselves at the Caledonia are going to be everything that you would expect and want from a new construction condominium in this West Chelsea Meat Packing District neighborhood.

The apartment interiors were all designed by New York based and world renowned Clodagh Design.  Kitchens are equipped with top of the line appliances, Sub-Zero refrigerators with double freezer drawers, Viking ovens, Wolf cook tops, Miele dishwashers.  You couldn’t ask for better equipped chef caliber kitchens.  The bathrooms will feature soaking tubs, separate shower stalls, custom double vessel sinks in the larger sized apartments.

Even thought the Caledonia is a large building there are not that many apartments currently available on the market. This low amount of supply is evidence of the highly desirable nature of the building and this West Chelsea neighborhood.  Art galleries, the High Line Park, Chelsea Market, shopping, restaurants, and nightlife area all close by in the Meat Packing District.

So far in 2011 there have been over 15 closed sales for condominiums at The Caledonia at 450 West 17th Street:

  • Junior 1 Bedroom Sales at the Caledonia Condominium: From $735,000-$830,000
  • 1 Bedroom Sales at the Caledonia Condominium: From $922,000 – $1,325,000
  • 2 Bedroom Sales at the Caledonia Condominium: From $1,550,000 – $3,200,000
  • 3 Bedroom Sales at the Caledonia Condominium: From $2,800,000 – $4,575,000

The Caledonia is a building with a variety of layouts and differently sized apartments even within each bedroom category.  Higher floor apartments with better exposures are going to command higher pricing.  If you want specific information about a certain type of apartment, contact us and we will provide you with the breakdown of pricing for that size of apartment.

Call us directly today at (917)837-8869 or email us by completing the form below.

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New York Central Park New Construction Condos

New York Central Park is one of Manhattan’s most popular destinations and for good reason. Designated a National Historic Landmark, Central Park provides some of the most iconic New York City views available.  Lining Central Park are arguably Manhattan’s most coveted and prestigious residential buildings.  Living right on Central Park is never easy, first is the pricing and second is that the majority of the buildings with Central Park frontage are co-operative in structure.  For those looking for that ease of purchase and flexible style of ownership a condominium is the primary choice.  Very few condos are located on Central Park, and even fewer are new construction condos.  Every new construction condominium on or near Central Park has sold out very quickly and that looks to continue that trend.  Some of the most recent successful new construction or condo conversion apartment buildings have been 15 Central Park West, The Plaza Hotel, and the Time Warner Center-25 Columbus Circle and 80 Columbus Circle.  These buildings sold well and continue to do so.

There are a number of new construction condos near Central Park that are currently being sold or in the process of being constructed. These buildings include the Laureate at 2150 Broadway, just two blocks from Central Park in the Upper West Side, 1212 Fifth Avenue on the northern part of Fifth Avenue along Central Park, One57-a new construction building located across from Carnegie Hall on 57th Street, noteworthy for it’s 90 story plus tower that will have commanding views of Central Park and the entire island of Manhattan.

Being near Central Park in any direction is desirable, Central Park South, Fifth Avenue or Central Park West are all home to a variety of amenities and neighborhood features.  The access to restaurants, museums, shopping and entertainment are all at your fingertips.

Along Central Park West, the new construction condos include 15 Central Park West and Time Warner Center- buildings. Expect pricing for any of these apartments to start in the $6,000,000 and up range, with the Park Facing units to be priced considerably higher.

The building known as One57, is being built by the real estate development company Extell and marketed as a premiere luxury condominium building.  Designed by Christian de Portzamparc and located on 57th Street between 8th Avenue and 7th Avenue, this building is scheduled to be 90 stories.  Pricing is planned to start at approximately $5,000 sq/ft and increase from there for the higher floor units.  The views from this building are going to be spectacular.
New Construction condos near Central Park do not come available that often as the development for them is scarce and quite competitive.  Every condominium built in the last decade near Central Park has done well.  If you are interested in a new construction condominium near Central Park and would like to discuss what you are looking for, contact us directly today at (917)837-8869.

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The Charleston Condominium-225 E 34th Street New York NY 10016

The Charleston Condominium – 225 East 34th Street

The Charleston Condominium is a relatively new construction condominium building located on 34th Street between 2nd and 3rd Avenues.  This 191 unit, 22 floor condominium building was designed by SLCE Architects and is one of the only new construction condominium buildings in the Murray Hill neighborhood.

The Charleston is a full time doorman building, with fitness room, resident’s lounge including a kitchen.  A beautifully landscaped roof top deck with great views of the Empire State building and Manhattan skyline. A pet friendly building with it’s own dog run for the pet lovers.

Located near the Midtown Tunnel, this transportation friendly location in Murray Hill is within walking distance of the retail and entertainment options that have made Murray Hill a popular location.  The Charleston at 225 E 34th Street has a variety of new construction apartments available.  Studio’s, One Bedrooms, Two Bedrooms, and Three Bedroom Penthouses are all found in the building.

Many apartments have corner exposures with accompanying balcony’s in the larger apartments. Studio apartments for sale at the Charleston typically start in the $600,000 range, One Bedrooms start in the $850,000 range, Two Bedrooms start in the $1,250,000 range.

The Charleston was named after the original owner of site, Charles Benenson, who was well known as a New York City developer and art collector.  The developers who purchased the site bought it with the intention of naming their new building The Charleston, honoring the Benenson family and previous owner himself.

If you are intersted in find a condo for sale in Charleston-225 East 34th Street – Manhattan NY Condos contact us today at (917)837 8869. Or Email us here: http://manhattannycondosforsale.com/contact/

Gramercy Starck Condo Spring 2011 Report

Gramercy Starck Spring 2011 Report-340 East 23rd Street New York NY 10010

Gramercy Starck Condominium located at 340 East 23rd Street has been very active in the sales and rental market so far in 2011.  If you are interested in Gramercy Starck,  looking to purchase or sell a Gramercy Starck Condo than this report will be very informative.

At the time of the publishing of this report there are 15 active condos for sale at Gramercy Starck. The range of the apartments is everything from a studio apartment for $540,000 up to a possible combined Sky House duplex for $5,100,000.  You have studio’s, one bedrooms, two and three bedrooms, skyhouse duplexes and a couple of penthouse condos for sale at Gramercy Starck.

  • Right now there are Three (3) studio condos in Gramercy Starck for sale ranging in price from $540,000 to $580,000.
  • The last Gramercy Starck studio to sell was a 16th floor South facing studio for $575,000
  • There are Five (5) one bedroom condos for sale in Gramercy Starck ranging in price from $799,000 to $975,000.
  • The last one bedroom to sell was a north facing 5th floor for $787,500.
  • There are two and three bedroom apartments starting at $1,595,000 up to $2,000,000.

If you are looking for one of the highly desirable Starck Penthouse or Sky House (duplex) apartments the pricing starts at $2,500,000 for the larger 2 bedroom sky houses and penthouses.  Contact us if you are interested in receiving the most up to date condos for sale in Gramercy Starck.

We are Gramercy Starck condo specialists, if you are a buyer looking to purchase a condo for sale at Gramercy Starck contact us today to receive an in depth analysis of what is available, what has sold, and when a new available condo unit comes on the market. Email us or Call us 917 837 8869, tell us your specific needs and we will put you on list and you will be notify if a unit becomes available that is suitable to you.

If you are an owner at Gramercy Starck and would like to sell, lease or buy another unit in the building, we can help. Contact us as we have successfully sold and lease multiple units for several owners in the building with our aggressive and creative marketing plan. Call us at 917 837 8869 or email us today.

To read more about Gramercy Starck Rentals and Sales:

  1. Gramercy Starck : January 2010 Report
  2. Gramercy Starck Rental and Sales Expert
  3. http://www.GramercyStarckRentals.com

Bryant Park Tower – 100 West 39th Street #38G

BRYANT PARK TOWER located at 100 West 39th Street: DOUBLE PARK VIEWS from this CORNER 38th Floor Condo unit. It is Overlooking Empire State building with dramatic Manhattan Skyline views.

Bryant Park Tower (100 West 39th Street) has 43-story, mixed-use, it is located on the west blockfront on the Avenue of the Americas between 38th and 39th Streets, was completed in 2006 and has 93 condominium apartments on its top 11 floors.

Bryant Park Tower address is 100 West 39th Street, this condo unit has Sparkling, Bright, with Huge OverSized windows, this Sunswept exposure Junior One-Bedroom (alcove studio) Sanctuary features Bamboo Floors, Separate Dining/Office Area, Fabulous Closet Space, Sleek translucent Italian Iceglass doors, Limestone thresholds, and a Dream Kitchen with White Oak cabinetry, White Marble countertops, Lightolier lighting and Never-Used Appliances, all with a Soothing Spa-Like Pristine Bathroom outfitted with an Ivory Porcelain floor, Zuma tub, Heated Mirrors, Italgraniti Ceramic tile! This Top Condo with Doorman, “Quintessentially” concierge service, Free Laundry facilities, fitness room with flat screen TV’s, Parking.

Bryant Park Tower - 100 West 39th Street EILEEN HSU

Bryant Park Tower, it is located in the Heart of the City…with the N,Q,R,S,W,1,2,3,7,9,B,D,F,V,S,4,5,6 Trains, Grand Central, Port Authority, and Penn Station Steps Away…Fifth Avenue Shopping, the Theatre District, Fabulous Asia de Cuba, Morgans, Fab restaurants and nightlife outside your door.

If you are a buyer that is looking to buy in Midtown East or Midtown West location, please contact us today (917)837-8869 to assist you in negotiating the best price possible.  We have several amazing deals and steals for our buyers, we invite to call us and we can have some confidential conversation on your specific needs.

Other Manhattan New York Condos blog series that may be interest to you.

  1. http://manhattannycondosforsale.com/union-square-ny-condos/
  2. Search all your New York city properties-Manhattan Condos here
  3. Setai Fifth Avenue condos-New Constructions New York city
  4. 100 West 39th Street-Bryant Park Tower Condo details