Tag Archives: Park Ave condos

Park Avenue Condos Upper East Side-UPDATE

Park Avenue Condos located in the Upper East Side is one of those focused searches, specific to just the few prized condominium buildings. The Park Avenue condominium Real Estate market is always under a limited supply because the demand always outweighs the supply.  Below is going to be an overview of what is going on in the Park Avenue Condominium for sale market right now.

What’s New to the Park Avenue Condo Market?

The answer is not much, a Two Bedroom Condo came available at 900 Park Avenue Condominium asking approximately $2,500,000 in late November. Other than the apartment at 900 Park Avenue Condominium there have not been any noticeable new listings to come on the market.  There have been a number of price drops for a couple of different apartments.

The total inventory for condominiums with a Park Avenue address still lingers around 20-25 apartments.  The price range starts a little over $1,000,000 for 1 Bedroom Condos and tops out over $30,000,000 for the penthouse full floor residence with tremendous panoramic views and outdoor terraces at Trump Park Avenue at 502 Park Avenue.

Always interesting to follow are the Park Avenue Condominiums for Sale that have contracts signed, the pending apartments waiting to close.  There are currently 10 different apartments and this could change at any time due to them actually closing or coming back available to the market.

Five of the apartments are located at 949 Park Avenue.  That was a new construction condominium building.  It was a boutique building built between two larger apartment houses.  949 Park Avenue was made up of mainly duplex residences in the 2 and 3 bedroom range.  The price range for the 949 Park Avenue Condominium residences is approximately $4,000,000-$6,000,000.  Until they actually close the final closing price will not be known.

The other Park Avenue Condos for sale that are in contract range from a One (1) Bedroom condo at 502 Park Ave-The Trump Park Avenue in contract at $999,000 to a Two Bedroom, Two and a Half Bathroom Condo at 500 Park Avenue asking $5,700,000.  Again the final closing price will not be known until the apartment closes and the prices become public information.

If you are interested in knowing what any of these apartments actually close for, email us by clicking here:

http://manhattannycondosforsale.com/contact/

In the last 60 days there have been 4 Sold and Closed Properties along Park Avenue in the Upper East Side.  If you would like that list of apartments, call us at (917) 837-8869.

Even though there have not been that many new apartments on the market along Park Avenue, there are a couple of new condominium projects in the works that are going to be noteworthy.

737 Park Avenue is in the process of a condominium conversion and planned to start selling sometime in 2012, this will be an opportunity to purchase in a highly desirable location along Park Avenue in a full service fully renovated condominium building.

The old site of the Drake Hotel is plans for a new construction condominium building, planned to have towering views this is going to be a different type of opportunity along Park Avenue to live in a high rise building.

If you are interested in receiving any information or updates about the sales of these two buildings along Park Avenue or other new construction Upper East Side condominium buildings call us at (917) 837-8869.

Or if you are interested in purchasing a condominium on Park Avenue in the Upper East Side, call us today at (917) 837-8869 as we always have the most updated inventory availability and current market condition of the neighborhood.

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Park Avenue Condos Part Two Midtown(32nd Street to 59th Street)

We are introducing Park Avenue condominiums, this is a Part 2 of 3, Park Avenue Condos located in Midtown (32nd Street to 59th Street).


The Midtown Area of Park Avenue Condominiums
is focused on just a few buildings as this stretch of Park Avenue is almost entirely made up of office and commercial real estate.  The condominium buildings that are located along the stretch of Park Avenue are located in what would be considered the Murray Hill section, very close to Grand Central Station.  These buildings have a very convenient location near the Midtown business district along with ease of transportation.

The Two (2) Park Avenue condominium buildings in the Midtown area are 80 Park Avenue and 45 Park Avenue. There is also a planned new construction condominium building at the site of the old Drake Hotel, located at 56th and Park Avenue.

80 Park Avenue is located at the southwest corner of 39th Street and Park Avenue. It is one of the more distinguished post-war Park Avenue condominium buildings in the Murray Hill neighborhood.  Originally built in the 1950’s and converted into condominiums in the early 1980’s, this 20 story, 220+ unit building has become a mainstay for anybody looking for a condominium apartment along Park Avenue in the Midtown area.

80 Park Avenue is a full time doorman building, some of the features include a roof deck, multiple elevators, garage, on site laundry facilities, and additional storage. A unique feature that has made 80 Park Avenue very attractive is the way that the facade of the building was set back in multiple steps, creating combination views of the Park Avenue and Midtown Manhattan skyline for many of the residents in the building. Located at 39th Street, you are within walking distance to Grand Central Station, shopping along Fifth Avenue, and close to lots of transportation options.

At 80 Park Avenue, studio condominiums will start in the $500,000 range. One Bedrooms will range in price from $800,000-$950,000.  And Two Bedrooms are typically priced around $1,350,000-$1,700,000.

Another very sought after Park Avenue condominium in the Midtown area is 45 Park Avenue.  45 Park Avenue is a new condominium building, a very rare type of condominium building anywhere along Park Avenue.

45 Park Avenue is a 21 story newly constructed building as of 2006.  Originally a hotel, it was purchased and a brand new condominium building was built in it’s place. Costas Kondylis was the architect for 45 Park Avenue Condominium. You will be greeted by a full time doorman and concierge in a 2 story lobby.

Apartment features include 9 foot to 10 foot tall ceilings, 9 foot tall windows, hardwood floors, washer/dryers, and luxury appointed bathrooms and kitchens.The building also has a fitness room/health club, a garage and residents’ lounge with accompanying outdoor terrace.

One Bedrooms at 45 Park Avenue are priced from $1,200,000-$1,650,000.
Two Bedrooms at 45 Park Avenue Condominiums are priced from $2,350,000-$2,400,000.

The development site at 56th and Park Avenue, where the Drake Hotel was located at, is considered one of the most desirable development sites in Manhattan.  Right now there are plans for a mainly residential tower, supposedly 70 stories tall to be designed by Rafael Vinoly.  This site is still in development but if and when it comes to completion will be extremely desirable Park Avenue Condominium real estate.

Call us (917)837-8869 today to find your perfect Park Avenue Condos. We sell Manhattan New York condos in many other fantastic neighborhoods and we are very well versed in different condo buildings. If you are looking to buy a condo for yourself as second home, for your children, or for investment, we have many years of experiences in finding the right condo for each person’s needs. Call us today, so we can discuss in detail of how to achieve your goals, (917)837-8869.