Category Archives: parents-buying-for-children-nyc-condos

We are Manhattan Condo Specialists, Buying a Manhattan New York Condo as parents buying for children, you should understand the unique Manhattan housing market (condominium versus cooperatives), have a realistic budget and flexible time frame to start.

155 West 68th Street Dorchester Towers Condo 2016 Summer End Market Report

155 West 68th Street Dorchester Towers Condo 2016 Summer End Market Report | End of Summer Dorchester Towers Specific Market Report

In the current unique and ever-changing market place, as active and experienced Real Estate agents, we know that information and knowledge is essential when it comes to making informed decisions.  It can be confusing to try to understand what is actually happening when you are reading different headlines, conversations and reports.

 

2016 Manhattan New York Real Estate market has not been easy to narrow down. If we had to characterize the market we would say that if the apartment is in a fair neighborhood with no serious defects, and priced based on the last three months of comparable sales, there will be a strong demand and the apartment will sell within a reasonable amount of time.  

Is the market up, down, sideways? The top end of the luxury market is in a period of adjustment, with pricing and buy side demand levels finding its way into headlines.  Now where are the majority of the transactions on the condominium re-sale side of the business taking place? This is an alternate discussion, we still see relatively low amounts of inventory, with consistent demand for entry level pricing. centralpark

As Dorchester Towers condo specialists, we always want to provide you with a specific and relevant market report about Dorchester Towers.  So let’s discuss all things Real Estate related at the Dorchester Towers.  

DORCHESTER TOWERS CONDO in today’s market:

We are Dorchester Towers condo owner ourselves, we have an inherent confidence in what this wonderful building has to offer.  What we like about the Dorchester Towers is we have a wide variety of buyer demand.  We see a combination of owner occupied buyers coming to the building, investors due to the established location, and often we have parents buying for their children because of its proximity to multiple universities.  

We don’t see this same amount of buyer demand in other neighborhoods, this is why location is always so important.

SELLING ACTIVITY IN DORCHESTER TOWERS CONDO:

We keep a record and track all of the Dorchester Towers (155 West 68th Street) condo sales that come onto the open market and stay aware of all of the off market sales that are happening without being listed by a broker or Real Estate company.  As of end of Summer 2016, there have been a several of studio, one bedroom and Junior four (Convertible Two Bedroom) sales.  

Dorchester Towers Studios ranging in price from $745,000-$940,000. A One Bedroom selling for  $965,000 and the Convertible Two Bedrooms selling between $1,150,000-$1,200,000.  

There are so many different layouts in the building, each apartment sale can be looked at differently based on the particular size, view and apartment condition.

In the last few months, we represented both buyers and sellers in several of the transactions that have taken place this year.  From what we have seen, the apartments that have sold for the highest prices have been renovated.  As residents of the building, it seems that more and more people are renovating, which definitely impacts resale value and the amount of time to sell, when they are put on the market.  

A great example, We recently sold 155 West 68th Street Dorchester #1509; this is a true one bedroom on the smaller end of the square feet spectrum at 600 sq ft that underwent a full modern renovation a few years ago.  We listed it for $975,000. We had conversations with other brokers and interested buyers where we came up with that price.  We received a lot of interest and had a couple of offers within the first 30 days and we finally sold for $965,000, which is one of the highest prices achieved in the building for a regular one bedroom apartment.

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Our brokerage company Douglas Elliman Real Estate keeps track of the price ranges that each apartment size is selling for in different neighborhoods. For example, in the West Side (boundary of 60th to 110th Street), Median Price for a one bedroom Condominium in 2016 was approximately $955,000.  In our opinion, Dorchester #1509 falls right in line with what other one bedrooms have sold for on the West Side. This was a higher floor apartment with meticulous renovations, so what it may lacked in overall size it more than made up for in other areas.
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We currently see the NYC Real Estate market is doing well in both entry level and mid-entry price points with the most buyer side activity.  The essential key is priced effectively with the right exposure and marketing, you will have the best opportunity to maximize your sale.  As Dorchester owners ourselves, we’d love the opportunity to speak to you if you want any specific information about your apartment and what it could sell for or rent for in today’s market. We can be reached at (917)837-8869.

 

Top Condos Near NYU New York University

Top Condos Near NYU New York University

Are you looking to buy or rent a condominium near NYU in Manhattan? You’ve come to the right place, we will educate you on the process and explain to you our unique Manhattan New York Real Estate market. We have helped many parents buying for son or daughter that is going to be going to NYU or currently attending NYU in finding the right condo for them.

First things first, when we are talking about NYU, we are focusing on the main New York University campus in Greenwich Village.  Within the main campus you will also find the NYU Stern School of Business and NYU Law School.

For those of you looking for condominiums near NYU School of Medicine or the NYU College of Dentistry take a look here. Or click on this link: http://manhattannycondosforsale.com/condos-near-svathe-school-of-visual-arts/ (the School of Visual Art, SVA, is also in the same area as NYU Medicine school and NYU College of Dentistry)

If you are looking to buy a condominium near NYU here is a list of things you must know:

1. Most of the property surrounding NYU is either rental buildings or Cooperative buildings, there are very few condominium buildings that you can purchase in.  Meaning, expect a limited amount of inventory. There is very unique difference between a condo and a coop, this is a must know if you are looking to purchase for your son or daughter. To read more about the difference, you can click on the explanation link below.

(http://manhattannycondosforsale.com/manhattan-new-york-buyer-guide-part-1-know-the-housing-product/)

The reason why a condominium building is much more preferred than a Co-operative is because condominium provides real ownership and much more flexibility and ease of purchase. To learn more about condominium owner versus cooperative ownership click here:

 

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2. The main NYU campus is found in the Greenwich Village neighborhood, however there are other wonderful Manhattan New York Downtown neighborhoods within very short commutes to the campus.  Meaning it’s worthwhile to look in the West Village, the East Village, parts of Soho, the Flatiron neighborhood and even Gramercy and Chelsea.

There are a lot of surrounding neighborhoods by the school that are fairly close, just depending on how close you want to be.

3. What is your timeline? The purchase process for a condominium even if you are an all cash buyer, can take 30-45 days once you sign a contract for sale.  If you are financing, add on additional 60-90 days at the very least.

This means if you are looking to close before school starts you will need to probably start looking 60 days prior to give you a chance to move in before school.

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4. Condos near NYU are highly sought after, and the price reflects this.  Greenwich Village is one of the most desired neighborhoods in Manhattan and for good reason, extremely well positioned, a combination of historic value with neighborhood amenities, demand coming from both buyers who love the neighborhood and for buyers who are purchasing to just be close to the multiple university campus’s that are found within it’s borders.

We are experienced Real Estate agents who focus on the condominium sales market, we also work with many parents like yourself looking to purchase a condo for the son or daughter. If you are ready to start your search or simply want an idea of what condominiums are currently available near the NYU campus, call us at (917)837-8869 and we can discuss what your needs are and make recommendation to you.

 

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

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

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

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

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

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

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

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

 

Chinese Mandarin Speaking Real Estate broker EILEEN HSU help Parents buy for Children

Chinese Mandarin Speaking Real Estate brokers help Parents buy for Children

 
We are a team of Bilingual Mandarin Chinese Real Estate brokers in Manhattan New York help parents buy condos adult children who go to school or work here. 

Chinese Speaking Real Estate Broker EILEEN HSU with her mother

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.
 
If you are a parent looking to buy condo in NYC and would like to work with a team of successful Mandarin Chinese speaking brokers in New York city, contact us today by email or call (646)644-6929 and we will reply to you promptly. 

Mandarin Chinese Bilingual Real Estate broker help Parents buy for Children

Mandarin Chinese Bilingual Real Estate broker help Parents buy for Children

 
We are a team led by Eileen Hsu, Mandarin Chinese Bilingual Real Estate brokers help parents buy condos for young adult children in Manhattan New York Real Estate market. Many of our Chinese buyers are from oversea 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.
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As Chinese English Bilingual Real Estate brokers specialize in Parents buying NYC condos for Children, we help buyers understand the complexity of Manhattan Real Estate market place by providing a comprehensive overview and basic market knowledge.  Majority of our buyers are international buyers, their past Real Estate experiences in their home country may very well be different than our NYc market place and as well as what they might have heard or read in the news media.
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Constant Communication is very important working as Mandarin Chinese Real Estate agent team. 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.
 
If you are a parent looking to buy condo in NYC and would like to work with a team of successful Mandarin Chinese speaking brokers in New York city, contact us today by email (http://manhattannycondosforsale.com/contact/)and we will reply to you promptly. 

客戶鑑定

Are you a parent looking to buy a NYC condo for your son or daughter?

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.
  • Result Oriented and Diligent Real Estate Agent: We are the market experts to educate you the housing market. Based on our detail discussion when you contact us, we will then customize a home search for you and plan all the necessary steps ahead prior to your trip to NYC. You can read about our other Happy Buyers’ Testimonials about us here: (http://manhattannycondosforsale.com/testimonial-past-clients/)
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.

Market Report-2011 Sales at Georgetown Plaza at 60 East 8th Street

Overall Thoughts for 2011 Sales at Georgetown Plaza at 60 East 8th Street:
Georgetown Plaza is one of the only cond-op buildings in the Greenwich VillageUnion Square neighborhood.  Because it is investor friendly and has flexible purchase policies, it has become one of the more desirable buildings.  Apartments when priced within the most recent comparable sales, typically sell quickly and at strong prices.

The roof top deck and views are always a major attribute to the building.  Renovated apartments are selling the quickest and at the highest prices, as most buyers do not want to go through a lengthy renovation process.  Because of the close vicinity to NYU (New York University), there is always a consistent demand for rentals, making apartments in the building equally attractive for an investor looking to rent out the apartment.  A very low supply of apartments is expected and we continue to see most apartments go into contract quickly when coming available.

Most apartments sold close to their asking prices, something that we expect to see in 2012.  Georgetown Plaza is one of the most well established buildings in the Greenwich Village neighborhood and we continue to see strong demand in the foreseeable future.

We hope you have found our market report valuable and informative.
In this consumer savvy and an immediate need for information days and age, it is most beneficial to work with a real estate agent who knows the market and understands the subtle differences that can make a big difference.  If you are interested in condops for Sale at Georgetown Plaza or in the Greenwich Village neighborhood call us directly at (917)837-8869 or email us at http://manhattannycondosforsale.com/contact/

We look forward to speaking with you.

Georgetown Plaza Part 3 – TWO BEDROOM in Manhattan New York

Georgetown Plaza Part 2- One Bedroom apartments

Georgetown Plaza Part 1- Studio Size Apartment Market Report

Eileen Hsu 許雅嵐, Chinese Mandarin Speaking Real Estate Agent NYC

大家新年好, 我是Eileen Hsu 許雅嵐, 你也可以稱呼 我Eileen. 我是在曼哈頓做地產的經紀人 (Chinese Speaking Real Estate Agent).

今天您如果要在這裡投資, 或著說幫孩子買房子, 請您跟我來電, 我們可以詳細的談, 我的電話是646-644-6929. 我會馬上給你們回電.謝謝!

下面是其他重要的文章中的信息:

曼哈頓交易問與答:怎麼在紐約房地產界出價?

曼哈頓交易問與答:誰能幫我維修公寓?

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.

30 West 61st Street – JUST SOLD Studio condo USD$480,000.

30 West 61st Street New York New York 10023 – JUST SOLD, Studio apartment $480,000.

We work with many parents buying for Children for young adult son or daughter that either go to school here in NYC or work in NYC. This studio apartment is perfect for that purpose or an investor who is looking to park their cash in Manhattan New York Real Estate.

This studio apartment has South facing sunny exposure, open kitchen, plenty of closet space, it is perfect for someone who loves Upper West Side, or work/go to school near the neighborhood.

The Beaumont Condominium is a fantastic Condo building in the heart of the ever growing Lincoln Center and Columbus Circle community. 30 West 61st Street is a 31 story brick building, with 166 units including studios – 3 BR’s and 5 penthouses (each with its own roof top decks and fireplaces).

The building has 24 hour Doorman, Concierge, and a Superintent in the building. Laundry machine on each floor, the parking garage (separate monthly fee) is in an adjacent building, and there is a green landscaped courtyard for building residents to enjoy.

This apartment is sold, but we do have other studios or apartments very comparable to this studio. Call us today at (917)837-8869 so we can discuss in detail what you are looking for and find the perfect fit for you.

Here are other blog posts you may find helpful:
Condos near NYU (New York University)
Use Local Experts for your Manhattan New York condo purchase
Parents Buying for Children Manhattan New York condo MUST READ
Call us today at (917)837-8869 so we can discuss in detail what you are looking for and find the perfect fit for you.

Mandarin Chinese Real Estate Agent NYC-Eileen Hsu

I am a bilingual, Mandarin-Chinese speaking Real Estate agents here in Manhattan New York, I have worked with many international students in Manhattan New York in buying their NYC condo during their study or work duration in Manhattan New York. Before we begin home search, I make sure that both the parents and the children has a good general idea about the local Real Estate market, purchase procedure and the help them find the most suitable condo for their needs.

We work with many parents buying for children in Manhattan New York, not just Chinese buyers. Whether if you are looking for a Mandarin Speaking agent or NYC Condo agents that have experiences helping parents Buying a Manhattan New York Condo for children, we are the experienced Manhattan Condo specialists that can guide you through this process and navigate through the Manhattan Real Estate maze.

It is common that many of parents we have work with have purchased properties in other parts of the world or United States, but keep in mind that Real Estate is unique and local, each area has their own set of procedures when it comes to buying Real Estate.  Understanding the local market with the market expert can maximize your investment goal and eliminate any possible issues that may occur.

We thoroughly explain the process and prepare our buyers before begin home search, we have a team of attorneys, accountants, financial advisers and/or other parties to assist the purchase. If you are looking to have a smooth Manhattan Condo purchase, we can help. contact us now at (646)644-6929.下面是其他重要的文章中的信息:

Parents Buying NYC condos near NYU- New York University

International students’ parents buy Manhattan NYC Condos

曼哈頓交易問與答:怎麼在紐約房地產界出價?

曼哈頓交易問與答:誰能幫我維修公寓?

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大家好, 我是Eileen Hsu 許雅嵐, 你也可以稱呼 我Eileen. 我是在曼哈頓做地產的經紀人 (Chinese Speaking Real Estate Agent). 今天我們談一談父母親幫孩子買房子有什麼幾點要注意的.

第 一點是, 紐約這邊的房員有百分之八十五是合作公寓, 如果您在網上看到的話就是叫做coop. 另外一種是condo. 那condo是什麼呢? Condo的話,就是有產權的房子. 有產權的房子對我們華人來講是比較方便的, 因為可以自由的出租或者說是轉賣, 不需要委員會的同意或者批准, 只是有些表格要填, 讓他們通過而已. 那如果我們今天要來買房子, 幫孩子買, 大部分的華人是買condo的. 因為這樣子如果孩子以後就職在別州或者是離開紐約, 可以當作一個投資的機會來出租.

還 有,第二點是時間上的關係, 如果說今天您是, 現金買 成交最快也是要四十五到六十天, 四十五天是最快的, 如果你們今天錢已經準備好了在銀行在美國的戶頭. 如果說今天是要貸款, 貸款的話時間就不能掌握了! 因為現在紐約貸款是非常非常的麻煩, 除了貸款人自己要有資格, 第二點銀行還要審核每棟樓,每棟樓都要經過銀行的同意,或者是批准才能借錢. 像過去兩三年前,  只要是您要借款, 你要借錢 ,銀行就願意借給你.

今天您如果要在這裡投資, 或著說幫孩子買房子, 請您跟我來電, 我們可以詳細的談, 我的電話是646-644-6929. 也可以麻煩您打個 e-mail 給我 我會馬上給你們回電好嗎 謝謝!

80 John Street-South Star Condo Financial District New York

80 John Street commonly known as the South Star Condominium is a condominium building located in the Financial District. Located on John Street between Gold and William Street, it is conveniently located in the emerging residential neighborhood that is the Financial District.  80 John Street was originally built 1927 in the art deco architectural style.  It was converted from an office building to a residential rental building in the late 1990’s and then converted from rental to a condominium building in 2007.

This combination of pre-war architecture with today’s high end conversion style has created a very desirable building. The South Star is a full time doorman building, there is a fitness room, live-in super, and garage facilities within the building.  The building has 5 set backs creating a unique exposure and layout characteristic for many of the residences.

The apartments themselves have a lot of unique characteristics including high ceilings, typically ranging in size around 10 feet 6 inches, various layouts that are extremely spacious, along with high end finishes.

The apartments in 80 John Street South Star Condo have wide planked Brazilian hardwoods, individual climate controls, large windows, and luxury appointed kitchens and bathrooms.  The kitchens have cherry cabinetry with granite counter tops.  The appliance package includes Sub Zero, Bosch and GE stainless steel appliances. The bathrooms include custom designed vanities, floor to ceiling imported tile, under mounted sinks and interior designs.

The building was converted in 2007 and there are some re-sale units on the market with a combination of different layouts.

Pricing for condominium residences at 80 John Street the South Star:

  • Studio apartments with separate sleeping areas are priced around $625,000
  • One bedroom condos for sale range in price from $695,000-$895,000
  • Two Bedroom condominiums for sale at 80 John Street are in the range of $899,000-$999,000
  • Three Bedroom apartments for sale at the South Star range from $1,350,000 to $1,450,000

Other than this condo building in Financial District, we also have other condo available in different buildings in Financial District or other neighborhoods of Manhattan New York. Call us at (917)837-8869 to discuss what condo building may work out for you best.

Other helpful and useful blog posts about Manhattan New York Real Estate market: