Tag Archives: Lincoln Center

Dorchester Towers NYC- Rental Market Report Spring 2012

155 West 68th Street-Dorchester Towers Condo Rental Market Report Spring 2012

Manhattan New York Rental market is very seasonal, Spring Summer is one of the most optimal time for both condo owners and renters to be out and start looking for their next rental apartment.

In our past experiences in renting out many units for our investor owner or out of town owners, In the middle of winter or very cold weather season, we usually do not see many renters out looking or willing to move.

We helped many Dorchester condo owners selling and renting their units for many years now,  we can say that Spring rental market is traditionally the strongest time based on our past experiences.

155 West 68th Street is a building that almost half of the building is owned and rented out by the original building developer (sponsor) and the other units are owned by private condo owners. An potential tenants can either rent from the sponsor’s management company or an individual owner depending on availability.

At 155 west 68th Street, Management units are usually very updated and brand new renovation. On the other hand, condo owners will have very different or varying degree of renovation.  The original 1960s condition apartments will be the most challenging to rent in our experience.

Dorchester Towers Condo is a pet friendly building, at the same time, the condo owner can decide whether they want to allow pet in their rental unit or not. We would say 25% of potential renter will have a pet, if you, the condo owner is open to pets, that will broaden your range of potential renters.

Pricing for a Dorchester Tower’s Rental units as of 4/2012:

  • Studios- $2500-$2900
  • One Bedrooms-$3000-$3500
  • Junior 4(Convertible Two)- $3800-$4700
  • Two Bedroom/Two Bathroom-$5200+

If you are a Dorchester Owner and is interested in renting your Dorchester Towers apartment, call us today at (917) 837-8869, we will discuss how to maxmize your rental price in todays market and secure a highly qualified tenant for you. You can also email us at EHSU@elliman.com

Dorchester One Bedroom For Rent

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.

Lincoln Square Neighborhood Manhattan New York

The Lincoln Square neighborhood is considered the gateway to the Upper West West.  At it’s core is Lincoln Center, considered one of the world’s leading performing arts centers and certainly the premier performing arts center in New York City. Lincoln Center includes the New York Philharmonic, the Metropolitan Opera, The Julliard School, the New York City Ballet, just to name a few of the organizations that call Lincoln Center home.

One of the aspects that sets the Lincoln Square Neighborhood apart is the Lincoln Square Business Improvement District. The goal of the Lincoln Square BID is to provide additional support to the business and atmosphere of the neighborhood.  They do this by having their own public safety officers patrolling and walking the neighborhood.  The Lincoln Square BID also provides additional services to keep the area clean and to provide an aesthetically pleasing streetscapes. They also provide support the neighborhood businesses and non-profits that call the neighborhood home.

Lincoln Square Neighborhood is so appealing to live in and also to visit is the close proximity to Central Park. Literally just minutes from Central Park, Lincoln Center provides a starting off point and ending point for many visitors to the area.  For the residents who call the neighborhood home, the access to Central Park is a major draw.  Being close to Central Park is one of the major advantages of living in the neighborhood.  There are many condominium buildings in the neighborhood that have views of Central Park and the Hudson River in the Lincoln Square neighborhood.

Along with the location, an attractive feature of the neighborhood is the combination of transportation options including multiple subway lines running along Broadway and Central Park West. There are also multiple bus routes that go right through the hear of the neighborhood providing easy access in and out of the area.  Being in close proximity to restaurants and shopping destinations including, the Apple Store, Lowes Movie Theater, Bar Boloud, among many others has made this area a highly desirable neighborhood to own a condominium apartment.

Lincoln Square Condominiums Apartments for sale include apartments at The Grand Millennium-1965 Broadway, The Park Millennium-111 West 67th Street, and 101 West 67th Street New York NY 10023. Together those three highly desirable condos make up the Millennium Buildings.   Other very popular Lincoln Square Condominiums for sale include Dorchester Tower Condominium-155 West 68th Street, The Coronado-155 West 70th Street, 45 west 67th Street, 150 Columbus Ave, 200 West End Avenue, and others.

Whether you are looking for a view of Central Park in a luxury full time doorman condo, a starter studio to be used as a pied a terre when you are in Manhattan New York, an investment property, you can find it in this Lincoln Square neighborhood. The prices have remained very strong in the area due to the strength of the neighborhood.

If you are interested in purchasing a condominium for sale in the Lincoln Square neighborhood, contact us today as your resident experts.

Call us now at (917) 837- 8869 to discuss your specific Real Estate needs.

1965 Broadway-Grand Millennium

One of the Millennium Buildings, the Grand Millennium at 1965 Broadway is located at one of the premiere Lincoln Center locations.  Between 66th and 67th on Broadway, the Grand Millennium looks over the prime Upper West Side.  The Grand Millennium at 1965 Broadway is one of the most coveted Lincoln Square Condos buildings.

This 32 story 200 unit Upper West Side Condo building was originally built in 1996 as one the Millennium Buildings. The other two are 111 West 67th St and 101 West 67th Street.  1965 Broadway is a full service condominium with 24/7 doorman and concierge services. Maid Service, laundry in the building, and a pet friendly building will be just a few of the amenities that you will be able to experience living in this Lincoln Center Condos building.

The Grand Millenium was designed with a slightly curved south facing glass facade.  It has a more modern aesthetic than most of the post war condominium buildings in the area.  Most apartments have expansive views of the Upper West Side, Central Park and river views can be found in the higher floors.  Balconies and fireplaces can be found in some of the more desirable apartments.

The mix of apartments in the building ranges from One Bedroom, two bedroom, three and four bedroom apartments. One Bedrooms typically are priced starting in the $800,000 range and go up.  For more information regarding what is currently for sale at the Grand Millenium, 1965 Broadway please contact us today.

If you are looking for one of the premiere Lincoln Center Condo buildings the Grand Millenium should be on your short list of apartments to see.

If you are intersted in find a condo for sale in1965 Broadway-the Grand Millenium Manhattan NY Condos contact us today at (917)837 8869. Or Email us here: http://manhattannycondosforsale.com/contact/

Other wonderful Lincoln Center area condominiums:

Millennium Tower-101 West 67th Street New York NY 10023

The Coronado-155 West 70th Street New York NY 10023

The Coronado Condominium at 155 West 70th Street

Coronado Condominium at 155 West 70th Street New York NY 10023.

The Coronado Condominium is one of the more attractive Lincoln Center Condo buildings.  Built in 1990, this 22 story, 122 unit building is well regarded as one of the more desired upper West Side condo buildings. You will be greeted by 24 hour doorman and concierge when you walk into the Coronado Condominium NYC.

The Coronado at 155 West 70th Street is well known for the two cast stone gargoyles that flank the entrance at 70th and Broadway.  Typically this type of architecture has been a focal point for the much older pre-war co-op buildings in the area, but the architects, Schuman, Lichtenstein, Claman & Efron, decided to bring a focal point and it’s been well received as one of the most memorable features to anybody who visits the building.

The Coronado Condominium has one of the better amenity packages of any Lincoln Center Condo building.  There is a 12,000 square foot amenity floor including a health club with sauna, children’s playroom, billiards room, and residents lounge with built in kitchen.  These amenities are one of the main attractions in the building and propel the building as one of the best condominium buildings in the Upper West Side Condo market.

One of the great features of the Coronado Condominium at 155 West 70th Street is the mix of condominium apartments for sale in the building.  A range of studios, one bedroom, two bedroom, three and four bedroom apartments are available.

If you are looking for a Lincoln Center Condo for sale or in the hunt for an Upper West Condo for sale than the Coronado is a building you should look at.  Located in the heart of the Upper West Side at 70th and Broadway, you are walking distance to Lincoln Center, Central Park and Riverside Park, shopping at Fairway, with the convenience of transportation at your doorstep.

Call us (917)837-8869 for your own Coronado condo or other Manhattan New York condos.

other wonderful Upper West Side Condominiums:

Dorchester Tower Condominium-155 West 68th Street New York NY 10023

Three Lincoln Center Condo – 160 West 66th Street New York NY 10023

Millennium Tower-101 West 67th Street New York NY 10023

The Park Millennium-111 West 67th Street New York NY 10023

Chesterfield-186 West 80th Street New York NY 10024

Dorchester Towers Condo-155 West 68th Street 2010 report

The Dorchester Towers, built in 1965, is located in the prime Lincoln Center area of the Upper West Side in Manhattan. Apartments at the Dorchester Towers are well known to have spacious and practical layouts, numerous large closets throughout each apartment,  and open western and eastern exposures. The mix of the apartments in Dorchester Towers Condominiums varies with a variety of layouts including mostly studio apartments both straight and alcove, one bedroom and junior 4 apartments commonly converted to 2 bedroom layout, and very spacious 2 bedroom units. There are combination units forming larger 3, 4 and 5 bedroom apartments.

We are the Dorchester Towers specialists that have assisted many savvy owners in selling and leasing their Dorchester towers condo apartments.

In 2010, there were eight apartments sold at the Dorchester Towers Condominium at 155 West 68th St, New York, New York 10023.

For a comparison of years past, in 2006 15 properties sold, in 2007 12 properties sold, in 2008 12 properties sold and in 2009 11 apartments sold.

There was a dip in the number of properties sold in 2010.  This could be a result of a number of different factors.  Almost all of the properties that came on the market in the building during the year ended up selling.  Like the rest of the market typically the only sellers that put their apartments on the market actually want to sell them and buyers are only willing to make offers on apartments that are priced relative to whats selling in their respective buildings and in the neighborhood.  This creates a situation where fewer apartments trade.

We are going to provide a basic breakdown of the sales that occurred in 2010. As a Dorchester resident and also a Real Estate broker of Dorchester Towers I would like to note that pricing an apartment at Dorchester Towers has a lot to do with understanding the unique variables that make up this building.  Because the building is over 40 years old the condition of most apartments can vary widely, because of the unique shape and position of the building floor and exposure play a considerable part in the price an apartment will demand.  These variables are unique to each situation, and if you are curious about your specific apartment and how it compares to what’s sold, I recommend you to contact us (917)837-8869 so we can break down the differences between your apartment and what has sold this past year.  The figures we provide are accurate as far as the closing information we receive from multiple sources, but often prices are a reflection of different variables that are not as easily quantifiable.

The breakdown of apartments was as follows:

Three Junior Four Apartments Sold.

  • A 31st floor, 902 sq ft with 1.5 bath Junior 4 sold early on in 2010 for  $1,040,000.  This was a western facing(open views) renovated apartment with the second bathroom.
  • A 17th floor 975 sq ft 1 bath Junior Four sold for $870,000.00
  • A 21st floor 804 sq ft 1 bath Junior Four sold for $850,000.00

Junior Four Apartments are typically a 1 bedroom apartment with an L-shaped Living Room.  The addional wing of the living room can often be turned into a second small bedroom or used as a dining space.  Now at Dorchester Towers there are a number of different layouts for Junior 4 apartments.  Some layouts are more functional and have more value than others as the additional room will have a built in closet already and have a window.  The ayouts where the dining alcove space does not have a window or have a built in closet are not able to be marketed as a “real” bedroom space.

Three one bedroom Apartments Sold.  Average price was $646,833.  The average sq ft was 628 sq ft. That is about $1030 sq ft.

  • A third floor south facing 633 sq ft 1 bedroom sold for $626,000
  • A third floor south east facing 650 sq ft 1 bedroom sold for $672,500
  • A 17th floor West facing 601 sq ft 1 bedroom sold for $642,000.

The one bedroom market at Dorchester Towers is highly desirable as most of the apartments will fall into the $600,000-$700,000 price range. This price range in the Lincoln Square area for condominiums doesn’t have very much inventory with a fairly high number of buyers.

One alcove studio(Junior 1 Bedroom) sold for $560,000.  It was a western facing on the 5th Floor, 546 sq ft apartment.

One 3 bed 2.5 bath Sold -This combination apartment faced Broadway on the 18th floor sold for $2,150,000.  This combination featured over 1800 interior sq feet with an additional outdoor terrace, making it quite a unique Dorchester Apartment.

So how do these prices compare to 2009?

Breakdown of the type of units SOLD in 2009

  • Studios- 2 studios sold- Average price of $545,000 at an average price/sq ft of approximately $1001
  • 1 Bedroom-4 One bedrooms sold – Average price of $675,000 at an average price/sq ft of approximately of $1054
  • Junior 4*- 3 Units Sold, Average Price- $902,053 at an average price/sq ft of approximately $1,000
  • 3 bed/3 bath-1 unit sold at $2,200,000.00 price per sq ft of $1035
  • 4bed/3 bath-1 unit sold at $1,610,000.00 price per sq ft $782

One bedrooms are selling for about 4% less than last year. Junior Four Apartments if you take the average sold for about $1030 sq/ft, but in my opinion the 31st floor apartment is skewing the numbers as that apartment is not very typical of the average Junior 4 in the building.  The other two sales are more typical and both of those sold for around $860,000.00 at about $966 sq ft.

The larger two and three bedrooms do not trade very often so the valuation really depends on the renovation, view, floor and layout.

Overall, much like the rest of the marketplace, renovated apartments are selling for a premium compared to apartments that need work.  In this marketplace buyers who have to purchase and then renovate will demand and expect to receive a discounted price as the out of pocket expenses and time involved to renovate will be considerable.

Dorchester Towers has faired well in the Manhattan marketplace.  I feel that our prime location in the Upper West Side, our low common charges, and well maintained and serviced building have to do a lot with that.

Again, we (Morgan Evans and Eileen Hsu) are Dorchester residents ourselves, Thanks for taking your time to look at our Dorchester Towers Report, if you are thinking of selling, leasing or buying in Dorchester Tower, we would like to hear from you. We worked with many Dorchester sellers and owners in the building in selling or leasing their condo units therefore we are very familiar of this building, if you have a question, call us today at (917)837-8869.

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Breathtaking views at 25 Columbus Circle-Time Warner Center

Many of our VIP buyers love this condo building. Time Warner Center is located on the corner of Central Park south and Columbus Circle. This beautifully constructed, mixed-use, two -towered, glassed buildings replaced the old New York Coliseum on Columbus Circle and was completed in 2004/2005.

The Time Warner Center complex consists of retail space with shopping center, offices that include the headquarters of Time Warner, a jazz concert hall for Lincoln Center for the Performing Arts, a five star Mandarin Oriental hotel, CNN TV studios and over 200 condominium apartments.

The building has several street addresses: including 25 Columbus Circle for the South Tower and also known as One Central Park, 80 Columbus Circle for The residences at the Mandarin Oriental hotel, and 10 Columbus Circle for offices.

Columbus Circle Condos Part 1 – Time Warner Center condo As of August 2010: here are the market prices for 80 Columbus Circle also known as Mandarin Oriental residences (SOUTH TOWER) :

  • 9 active sales listings: $5,839 per ft² (median)
  • 28 previous sales listings: $4,051 per ft² (median)
  • 62 recorded sales: $6,575,000 (average price)
  • Two Bedroom condominiums starts at $5,700,000.
  • Three Bedroom condominiums starts at $18,000,000.

If you would like to receive specific Time Warner Center Condo information, please contact us at 646. 644. 6929 We can discuss specifically as to what exposure works best for you.

Other Time warner Center and Central park New York condos information:

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