Tag Archives: Greenwich village

Greenwich Village Condo Sale Report Spring 2012

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Where is Greenwich Village New York?

Greenwich Village is a historically rich and desirable neighborhood in the downtown area of Manhattan New York City. A residential neighborhood that was the center and home to 20th Century artistic and cultural movements.  Originally a rural area in the 18th Century, Greenwich Village was outside the more developed portion of what was known as New Amsterdam or New York to the south.

Boundaries have changed and more neighborhoods that were once part of Greenwich Village have now been designated and separated but a generally agreeable boundary designation for Greenwich Village today is that, the Northern Boundary is 14th Street, the Southern Boundary is Houston Street, to the west is 6th Avenue and to the East is Broadway or Fourth Avenue.

This area is referred to as the Central Village or Greenwich Village.  It’s western neighbor, The West Village, is sometimes referred to as a part of Greenwich Village, but it has it’s own neighborhood.  To the East, is NoHo, and the East Village.  Directly South of Greenwich Village is SoHo and to the North is the Union Square, Flatiron, and Chelsea neighborhoods.

Greenwich Village Real Estate for sale is some of the most desirable in all of Manhattan.  Desirable for many reasons.

  • Location-Literally in the middle of Downtown Manhattan. Close to restaurants, transportation, schools, and shopping.
  • History-There are many pre-war apartments in Greenwich Village. These buildings, some designed by Emery Roth, built by Bing and Bing are some of the most well established condominium buildings.
  • Investment-Greenwich Village has been one of the soundest areas for real estate investment in all of Manhattan.  Because of the desirable nature of the area pricing has been very consistent.
  • Character-The tree lined streets, neighborhood restaurants, public spaces such as Washington Square Park, The Gold Coast of Fifth Avenue, boutique shopping and cafes make Greenwich Village a unique neighborhood.

If you are interested in purchasing an apartment in Greenwich Village contact us today at (917) 837-8869.  If you are interested in purchasing a condominium in Greenwich Village for investment, email us here:  http://manhattannycondosforsale.com/contact/

For more reading about Greenwich Village Real Estate:

Greenwich Village Townhouses-Manhattan New York

Greenwich Village is one of New York City’s most desirable and historically significant neighborhoods.  Greenwich Village Townhouses are a direct reflection and product of the neighborhood’s rich and historically significant status.  To learn about the townhouses you have to look back at the roots and history of the neighborhood.  With over 400 years of history behind it, many of the townhouses for sale in Greenwich Village are a reflection of a certain style of architecture from the period they were built.

Greenwich Village townhouse–Take for example, the Greek Revival Townhouses that are found bordering the North Side of Washington Square Park, these date back to the 1830’s.  Or a Federal Style Townhouse built in the 1840s, or a 25 foot  wide Italianate single family home.

Most of the townhouses in Greenwich Village bring with them a specific story of who they were built for and how they transferred hands throughout the years. They were built in a way with specific architectural characteristics that you will not find today.  Many townhouses have been meticulously renovated and brought back to their original splendor and enhanced with today’s modern conveniences.  Air Conditioning, Elevators, Private Roof Top Decks, Screening Rooms, Security Features, were not an available feature back in the 19th Century.

Being of the desirable nature and the limited quantity of Greenwich Village Townhouses, the pricing for a townhouse has dramatically increased. Pricing starts around $5,000,000 USD for a mixed use or townhouse featuring multiple apartments within the property.  For a single family, fully renovated, asking prices can be upwards of $20,000,000.

Depending on what you are looking for, if you want a complete turn key with every possible convenience all wrapped up in a historically significant home with much of it’s architectural elements restored, you will be at the higher end of the range.  If you would like to possibly live in a single apartment within a townhouse you will be at a far less price point.

If you are interested in buying or selling a Greenwich Village Townhouse, contact us today at (917) 837-8869.

For more reading about Greenwich Village Real Estate:

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SoHo New York – 3 Bedroom Condo for Rent at Soho Mews $16,500/per month

Soho Mews is a new construction condominium located in the ever popular SoHo neighborhood in Manhattan.  Designed by the architects, Gwathmey Siegel, the building was welcomed by the New York City marketplace as it has sold successfully and appreciated for many of it’s design elements.

At the heart of it’s appeal is its SoHo location.  Located between West Broadway and Wooster Street in the souther portion of SoHo, and across the street from the Soho Grand Hotel.  You are within walking distance to everything Soho has to offer and still within the heart of Downtown Manhattan.

Soho Mews Apartments are very loft-like, with high ceilings, extremely generously sized rooms, nicely outfitted kitchens and bathrooms, floor to ceiling windows, an attention to detail was made and you will feel very comfortable walking into the apartments.  The building is a full time doorman condominium, with fitness room, garage, and open air private plaza between the Wooster Street and West Broadway buildings.

This Soho Mews rental is Available for rent right now at Soho Mews is apartment 3A. This 3 Bedroom, 3.5 Bath, 2195 sq ft rental apartment is now available for $16,500/month.  As you walk into this apartment you will see the expansive living/dining “Great” Room. An open kitchen with large counter opening to the “Great Room” offering a great flow and entertainment potential.  Each bedroom has an en-suite bathroom, along with excellent walk in closets.  The Master Bedroom has a 5 piece master bathroom with excellent closet space.  The stackable washer/dryer is a nice feature completing the apartment.

Facing both West Broadway and the garden courtyard on the 3rd floor the floor to ceiling windows bring in strong amounts of light along with the high ceilings give a voluminous feel to this Soho Mews rental.

If you are interested in this 3 bedroom condo for rent in Soho at Soho Mews contact us today at (917) 837-8869.

Greenwich Village Apartments for Sale-Part 2 Prewar Condos

Greenwich Village Apartments for Sale Part 2 Prewar Condos

In this Part 2 series of Greenwich Village Apartment for sale, we will discuss some prewar condos within Greenwich Village. Greenwich Village Real Estate is known for many of its prewar buildings with classic layouts and architectural elements. The supply of prewar buildings in Greenwich Village like much of the rest of the city is overwhelmingly co-op.  Take for example that currently I see that there are about 120 Greenwich Village prewar apartments for sale in Greenwich Village and 20 of those are in condominium buildings.  If you have wanted to purchase a condominium in Greenwich Village you have been limited to a certain number of buildings including:

Greenwich Village Apartments for sale 25 Fifth Ave

25 Fifth Ave – Greenwich Village Prewar Condo

Located on the “Gold Coast” of Fifth Avenue and 9th Street this Greenwich Village Condo building was converted to a condominium in 2000. Like most prewar buildings most apartments in the building have wood-burning fireplaces, high ceilings, ornate architectural details accompanied with a 24-hour concierge, gym, laundry and storage. 25 Fifth Ave is going to be one of the few prewar condominium buildings on Fifth Avenue that will come up on your search for Greenwich Village Apartments for Sale.”

Greenwich Village Apartments for Sale

Devonshire House at 28 E 10th St – Greenwich Village PreWar Condo

The Devonshire House is the latest prewar condominium to be added to some of the most desired Greenwich Village prewar condominium real estate apartments for sale. This 1928 Emery Roth designed building, was recently converted from rental into condominium. The Devonshire House underwent a high end renovation including upgrading the plumbing, electrical and central air-conditioning and to the finishes in each apartment including radiant-heat bathroom floors, detailed moldings, and high end bathroom and kitchen finishes.  The apartments initially made available sold out very quickly, but more apartments are expected to be put on the market in the fall of 2010.

Greenwich Village Apartments for Sale

59 W 12th Street – Greenwich Village Prewar Condo

Built in 1931 by noted New York City architect Emery Roth and built by the equally notable firm Bing and Bing, 59 W 12th St is on of the most highly coveted Greenwich Village prewar condominiums. Located on 12th Street between 5th and the Avenue of the Americas, this location is considered to be one of the most attractive streets in Greenwich Village. Building amenities include 24 hour doorman bicycle and laundry room, and children’s playroom. Apartment features include fireplaces, spacious pre-war layouts, along with great southern facing views of downtown Manhattan from the upper floors of this respected building. When apartments come available in the building they are some of the most desired Greenwich Village Apartments for Sale.

Because there are fewer prewar condos for sale in Greenwich Village expect higher prices.  But your purchase will be well rewarded.  If you would like a complete list of Greenwich Village Apartments for Sale or Greenwich Village Apartments for sales (Prewar Condos), contact us today at (917) 837-8869 or email at http://manhattannycondosforsale.com/contact/

Greenwich Village Apartments for Sale – Part 1 What does $500,000 Buy Me?

Greenwich Village Apartments for Sale –  Part 1 What does $500,000 Buy Me?

Are you looking at Greenwich Village Apartments for Sale with a budget of around $500,000? Well if you are, you have come to the right place. Greenwich Village Apartments under $500,000 is a very competitive market.  Let’s look at what is available.

According to Streeteasy.com, as of today there are 45 Greenwich Village Apartments for Sale.  All of these properties are Greenwich Village Co-ops, none of them are condominiums.  To buy a Greenwich Village Condominium the price point starts at approximately $550,000.00 for a studio.

The median price is $399,000. The median size is 400 sq ft and the median price per sq ft is $967.00

At the higher end of the $500,000 price range for Greenwich Village Apartments for Sale, you are going to find a certain number of characteristics in common.  The full service doorman buildings, higher floors with better exposures, larger layouts-alcove studios, some junior 1 bedrooms, and often renovated kitchens and baths.

There are 18 Greenwich Village Apartments In-Contract right now. The median size is 500 sq ft and the median price is $437,000.00.  As I look at the specific properties I see that a common characteristic that the larger more renovated apartments are the ones that are selling the quickest as there is more demand for these types of apartments.

If you are looking for a Greenwich Village Apartments for Sale under $500,000.00 and would like to contact me, call me at (917) 837-8869 or email us. (http://manhattannycondosforsale.com/contact/)

Greenwich Village NY Condos buyers MUST READ

Greenwich Village NY Condos buyers MUST READ

Have you been looking for a condominium for sale in the Greenwich Village neighborhood in New York City? If you have been looking for a Greenwich Village NY Condo than you have probably been seeing a couple of market activities happening quite consistently:

1. Multiple Offers on 1 Bedroom Greenwich Village Condos for sale. I have been working with multiple customer’s looking in the 1 Bedroom Condo market. If a newly renovated full time doorman 1 bedroom condo has come on the market for less than $1,000,000, the first open house is packed and multiple offers come in shortly. Most of the offers are cash, or non-mortgage contingent at or near the asking price.  

2. Almost no inventory for Greenwich Village apartments less than $600,000. The studio or alcove studio condominium market in not only Greenwich Village, but in the East Village or the West Village is quite limited. After a couple of afternoons you can see everything that is available. The well priced apartments are selling quickly and the apartments with more aspirational pricing are even getting more interest. This time of year see’s an influx of demand and the low supply creates an atmosphere where the best Greenwich Village condos for sale are moving quickly.

3. Greenwich Village Pre-War condo inventory is scarce. Building’s like 59 West 12th Street, 2 Cornelia Street, 115 Fourth Ave, 45 Christopher St, 299 and 302 West 12th St, The American Felt Building have very little inventory. The Bing and Bing Emery Roth designed pre-war condos are always desired and when priced well sell quickly. The unique apartments, such as duplexes, apartments with open views, recently renovated, don’t sit on the market quickly.

4. Larger Apartments Inventory Limited. In my database I see 12 Two Bedroom Condos for Sale in Greenwich Village right now, 10 Three Bedroom Condos for Sale in Greenwich Village and 4 Four Bedroom Condos or Larger in Greenwich Village. If you are entering this segment of the market, you will probably expand your search to the West Village, parts of the East Village and parts of Chelsea, but you will still have a small number of apartments to view.

Overall, the spring and early summer real estate market for condos for sale in Greenwich Village has been quite robust with multiple offers for apartments priced effectively for their individual part of the market. One Bedroom Condos in Doorman buildings have seen a lot of interest.

For more reading about Greenwich Village Real Estate:

If you are interested in purchasing a Greenwich Village Condo or an apartment in the downtown area contact me today at (917) 837-8869 to discuss your specific needs.

Elegant Prewar condo: 25 Fifth Avenue-Lower Fifth Avenue Condo

Located in this prime Greenwich Village location at the corner of 9th Street and Fifth Avenue, 25 Fifth Ave is a rare pre-war Condominium building in distinguished and desirable “Gold Coast” of Fifth Ave.

This Union Square condo is a handsome, brown-brick, pre-war apartment building has a prime Greenwich Village location at 25 Fifth Avenue on the northeast corner at 9th Street.

25 Fifth Avenue is a 14-story, pre-war building was converted into condominiums in 2000. The conversion was thoughtfully completed blending today’s contemporary amenities while showcasing the style of Greenwich Village’s pre-war heritage.

The condominium apartments for sale at 25 Fifth Ave have wood-burning fireplaces, high ceilings, ornate and high relief moldings and casements, many apartments with windowed kitchens and baths and modern appliances in the kitchens.  A 24 hour doorman, fitness center, laundry facility, bicycle room and storage spaces complete the amenity package in the building

At 25 Fifth Ave this Union Square condo, you have at your doorstep everything that Greenwich Village has to offer with the convenience of living in a newly updated building.

  • One Bedrooms start around $1,000,000
  • Two Bedrooms start around $1,600,000
  • Three Bedrooms start around $2,900,000
  • Four and Five Bedrooms price upon request

For other Fifth Avenue or Union Square location condos information, click on links below:

Call us directly at (917)837-8869 or email us to find your perfect Manhattan New York Condo today.

International Love Affair with Manhattan New York Condos

Foreign Buyers Love Manhattan New York condosWe are Manhattan Real Estate professionals, we work with many savvy international foreigners wanting to invest in Manhattan Real Estate. In addition to educate international foreign buyers and investors  about the unique-ness of Manhattan Real Estate market, our specialty is facilitate the purchase to ensure the transaction is smooth and successful. Below are some frequent asked questions by our foreign buyers, the answers are formulated by our team of professionals (tax accountants and attorneys who also specialized in foreigners purchase in Manhattan New York.)

These answers are general and not case specific. To best address to your specific case, contact us directly at (917)837-8869 or Email us and we can set up a confidential consultation.


Can Foreign Nationals buy a Manhattan Property without having Social Security Number or US residency?
Yes, they can legally, but have to meet the condominium/coop board’s requirements for approval. At the sale of the real property, Non-resident aliens are subject to federal withholding tax at 10% of the gross sales price, and to a 8.97% New York State estimate income tax on the net sales proceeds (gains).

Can Foreign Nationals with work visa or student visa buy Manhattan Properties?
Yes, they can legally, but have to meet the condominium/coop board’s requirements for approval.  If they remain non-resident aliens at the time of the sale of the real property, they will be subject to the same taxes at the time of sale, as above.

If not, what kind of documents should a foreign nationals prepare to be able to buy?
They need to have  a valid passport and/or other official photo ID for identification purpose.

What are the Options for Foreign Nationals (non-residents aliens) to hold title: (these answers are information only, we are Real Estate professionals, therefore, before you make a specific decision, we recommend you to discuss with our team of attorneys and tax accountants for your specific case.)

  • Individual: Individual may be exposed to unlimited personal liability, and to estate issues, for instance, inheritance,  will probate and estate administration, when the individual owner dies.
  • LLC: Limited Liability Corporation provides insulation for members from personal liability, but will incur maintenance costs, such as  filing fees for its formation, annual franchise tax  and is subject to higher formation costs (higher than a corporation).
  • Trust: Trust is an unincorporated entity, cannot hold title by itself; title must be reqistered in the  individual trustee’s name.;  the individual trustee may be exposed to unlimited personal liability.
  • S Corporation: S Corporation is a legal entity, insulates shareholders for from personal liability, does not pay income tax itself, the income tax liability is attributed to the shareholders.  It is subject to filing fees for incorporation, annual franchise tax, etc.
  • C Corporation:  C Corporation is a full fledged legal entity.  It provides shareholders insulation from personal liabilities.  It is a taxable entity for corporate income tax.  Any distribution of after tax profit to shareholders in the form of dividends will be subject to income tax for the shareholder.  It incurs maintenance costs, such as filing fees for incorporation, annual franchise tax, etc.  Its filing fees are less than that for the LLC.
  • Limited Partnership: the limited partner’s liability is limited to his/her capital interest in the limited partnership, whereas the general partner will be subject to unlimited personal liability.  Limited partnership, like general partnership does not pay income tax.  The income tax liabilities are attributed to the individual partners. A limited partnership need to file the partnership agreement with the government.

*These answers are general and not case specific. To best address to your specific case, contact us directly at (917)837-8869 or Email at EileenHsuNYC(@)gmail.com and we can set up a confidential consultation.

If both husband and wife have green cards, will they pay tax similarly as above options?
Resident individuals owning real property pay the same taxes, but not subject to the gross 10% federal withholding tax and the 8.97% New York State estimate income tax on the gains at the sale of the real property.

Can the Foreigners avoid United States taxes?
The taxes cannot be avoided.  The non-resident investor must pay the above taxes at the time of closing of the sale, without the tax payments, the deed will not be accepted for recording.  After having paid the taxes, the non-resident investor may, but need not, keep the proceeds in the U.S. without additional tax (except income tax on the interest payment on such proceeds).

If you are a foreign national and would like to better understand how to purchase and invest in Manhattan Real Estate, it is a good idea to discuss the situation in precise manner. Contact us today at (917)837-8869 or email us at EileenHsuNYC(@)gmail.com.

Union Square Greenwich Village Condos

Greenwich Village

In this Part 2 series of Greenwich Village Apartment for sale, we will discuss some prewar condos within Greenwich Village. Greenwich Village Real Estate is known for many of its prewar buildings with classic layouts and architectural elements.  The supply of prewar buildings in Greenwich Village like much of the rest of the city is overwhelmingly co-op.  Take for example that currently I see that there are about 120 Greenwich Village prewar apartments for sale in Greenwich Village and 20 of those are in condominium buildings.  If you have wanted to purchase a condominium in Greenwich Village you have been limited to a certain number of buildings including:

Greenwich Village Apartments for sale 25 Fifth Ave

25 Fifth Ave – Greenwich Village Prewar Condo

Located on the “Gold Coast” of Fifth Avenue and 9th Street this Greenwich Village Condo building was converted to a condominium in 2000. Like most prewar buildings most apartments in the building have wood-burning fireplaces, high ceilings, ornate architectural details accompanied with a 24-hour concierge, gym, laundry and storage. 25 Fifth Ave is going to be one of the few prewar condominum buildings on Fifth Avenue that will come up on your search for Greenwich Village Apartments for Sale.”

Greenwich Village Apartments for Sale

Devonshire House at 28 E 10th St – Greenwich Village PreWar Condo

The Devonshire House is the latest prewar condominium to be added to some of the most desired Greenwich Village prewar condominium real estate apartments for sale.  This 1928 Emery Roth designed building, was recently converted from rental into condominium. The Devonshire House underwent a high end renovation including upgrading the plumbing, electrical and central air-conditioning and to the finishes in each apartment including radiant-heat bathroom floors, detailed moldings, and high end bathroom and kitchen finishes.  The apartments initially made available sold out very quickly, but more apartments are expected to be put on the market in the fall of 2010.

Greenwich Village Apartments for Sale

59 W 12th Street – Greenwich Village Prewar Condo 

Built in 1931 by noted New York City architect Emery Roth and built by the equally notable firm Bing and Bing, 59 W 12th St is on of the most highly coveted Greenwich Village prewar condominiums. Located on 12th Street between 5th and the Avenue of the Americas, this location is considered to be one of the most attractive streets in Greenwich Village. Building amenities include 24 hour doorman bicycle and laundry room, and children’s playroom. Apartment features include fireplaces, spacious pre-war layouts, along with great southern facing views of downtown Manhattan from the upper floors of this respected building. When apartments come available in the building they are some of the most desired Greenwich Village Apartments for Sale.

Because there are fewer prewar condos for sale in Greenwich Village expect higher prices.  But your purchase will be well rewarded.  If you would like a complete list of Greenwich Village Apartments for Sale or Greenwich Village Apartments for sales (Prewar Condos), contact Morgan Evans today at (917) 837-8869