Tag Archives: Union Square NY condos

125 East 12th Street THE ZACHARY CONDO

125 East 12th Street THE ZACHARY CONDO UNION SQUARE NEW YORK

The Zachary Condominiums at 125 East 12th Street is one of the very
few pre-war condominium loft buildings in what could be described as

the desirable crossroads of the Union Square/East Village/ and
Greenwich Village neighborhoods.
The Zachary Condominiums is located
on 12th Street between Fourth Avenue and Third Avenue.

A mid-block building that spans north to south from 12th to 13th Street with it’s
main entrance on 12th Street.  This full time doorman condominium building has a very handsome facade.  It is easy to notice it’s red brick exterior with curved windows and blue base.

The Zachary Condominium at 125 East 12th Street was converted in the
late 1980
s, the same time Union Square was making a transformation
with the development of Zeckendorf Towers at 1 Irving Place.  The
Zachary Condominium is a boutique condominium made up of approximately
45 apartments in a building that tops out at 6 stories.  A full time
doorman and elevator building with a roof top deck complete the
amenity package.

The location itself and architectural characteristics of the condos for sale at the Zachary Condominium NYC are quite noteworthy.

Apartment Features:

Very tall ceilings, most apartments will have 12′ or taller ceilings
Unique Floor-plans – Apartment sizes are generous.  Some duplex
layouts.  Whether you are looking for a studio, one bedroom, two
bedroom or larger

Noteworthy Building Features:

Investor Friendly-For investors, the Zachary Condominium is an
excellent opportunity as high rentals typically provide strong
profitability yields
Doorman
-Provides the convenience and assurance when deliveries or
visitors come to the building
Location– What I would consider a prime location, just few city blocks from
Union Square, multiple campuses including NYU, Cooper Union, Parsons
and SVA SCHOOL OF VISUAL ARTS, neighborhood restaurants and shopping including the famous STRAND Bookstore

Pricing for Condos for Sale at the Zachary Condominiums at 125 East 12th Street:

Inventory has been limited in the past couple of years however prices
typically range:

Studio/One Bedroom: Have sold in the $1,100,000 range in 2012
Two Bedrooms for sale at 125 East 12th Street: Ranged in price from
$1,250,000 and up in 2012
Three Bedrooms for sale at 125 East 12th Street: Ranged in price from
$1,800,000 and up

Because of unique layouts, sales at the Zachary Condominium can range
dramatically, contacting us about specific pricing will help determine
exactly what you are looking for.

Peer buildings to the Zachary Condominiums NYC at 125 East 12th St
would include 115 Fourth Avenue The Petersfield and 114 East 13th
Street The American Felt Building
.  All three of these pre-war
condominium loft buildings make up what I consider some of the most
unique and desired pre-war condominium apartments for sale in the
Union Square neighborhood of Manhattan.

If you are interested in buying at the Zachary Condominium at 125 East
12th Street or any other UNION SQUARE LOCATION CONDOS, call us today at (917) 837-8869
or email us by using the email form below:

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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 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/)

Parents Buying for Children Manhattan New York condo MUST READ

We are Manhattan Condo Specialists, in our How to Buy a Manhattan New York Condo series, we talked about Know the Housing Product, Understand the Buying Power, Financial Report of the Manhattan Condo or Coop building, NYC Apartment Terminology, and this section we will talk about how parents can buy for children. We know the Manhattan Condo market and the specific needs of each type of buyers.

Buying a Manhattan New York Condo as parents buying for children, you should understand your budget and time frame to start. We work with many parents who are buying for their son/daughter that goes to New York University, Parsons school of design, School of Visual Arts, Columbia University, Jillards music school and other well known schools here in Manhattan New York.


Is this for your son or daughter that is currently working in Manhattan? Do they have a job stability or financial freedom? Are they currently renting and lease may be expiring soon or month to month arrangement? It is important for us to know the reason and timeframe so we can narrow down the search for you.

Buying a Manhattan New York Condo as parents buying for children, you should PLAN AHEAD, and speak with all the parties involved (not you and your child but rather the right mortgage consultant/banker, accountant, a knowledgeable Manhattan Real Estate attorney, but first, you should contact us (917)837-8869 to start the conversation early.)

  • If Buying all cash, and you are buying a condominium, 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.
  • Mortgage consultant: If you are planning to buy the condo all cash, that is always desirable when presenting offers to condo sellers. Keep in mind that you should have enough equity in case there is an increase in monthly carrying charge for this condo or other misc mishappens. 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.
  • Accountant: If you are planning to co-purchase the condo with your child, be sure to discuss the possible tax complication you may have with your accountant. Speak to your accountant prior to your purchase can be very helpful.
  • Manhattan Real Estate Attorney: In addition, speak to a local Real Estate attorney will be helpful as well since the local Manhattan Real Estate can also advise you what is the best way to structure the purchase and think about who/how should take the title of the deed.

Buying a Manhattan New York Condo as parents buying for children, the experienced Manhattan Condo specialists that can guide you through this process and navigate through the Manhattan Real Estate maze. Whether you are a first time buyer, or an investor that have bought and sold multiple properties in other parts of United States or country, we can help.  Understanding the local market with the market expert can maximize your investment and avoid any possible problems down the rule. Many of our past clients are first time investors, they have bought many Manhattan condos under our guidance and continue to do so because we have developed a Real Estate plan for them. If this is something you are interested in, contact us now at (917)837-8869.

Here are some very useful information about buying Manhattan New York condos:

Other Manhattan New York Frequent Asked Questions:

If you do not see your question being answer in any of our blog articles, call us directly (917)837-8869 or email us (http://manhattannycondosforsale.com/contact/) and we will reply promptly.

8 Union Square South-a popular Union Square NY Condo

8 Union Square South-a popular Union Square NY Condo

This Union Square NY condo was built in 2007, and selling very quickly, this 14 story boutique condominium is located at 14th and University Place. Built by the Claremont Group, 8 Union Square South is a full service luxury doorman building. There is an on-site gym, exclusive membership to Quintessentially for all of your concierge needs.

8 Union Square South is located at the crossroads of Union Square and Greenwich Village you have all of the best restaurants at your fingertips with views of Union Square Park.

The condominium apartments at 8 Union Square South have Valcucine kitchens with Sub-Zero refrigerators, Miele cook tops, separate wall oven, and dishwasher. Bathrooms feature limestone floors and Waterworks fixtures. Floor to ceiling windows and 10 foot ceilings with most of the apartments having open views to Union Square Park.

  • Prices start for the 2 bedrooms at $2.5 million
  • Prices start for the 3 Bedrooms at $4.5 million

Call us today at (917)837-8869 for updated and specific pricing of your Union Square condo.

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

The Petersfield-115 Fourth Ave-Union Square Condo

Union Square condos-The Petersfield at 115 Fourth Avenue is a truley rare condominium building.  This prewar loft condominium building located at the crossroads of the East Village, Union Square and Greenwich Village neighborhood offers a unique opportunity.  One of the only loft condominium buildings in this area, you will find 12 foot ceilings, extremely generous floorplans, large windows, full time doorman and a rooftop deck.


 
115 Fourth Avenue-Petersfield Condo is located at the corner of 12th St and Fourth Avenue the Petersfield offers the convenience of the Union Square neighborhood with the neighborhood community of Greenwich Village.  This Union Square condo is walking distance to the many restaurants of the East Village make this a highly desirable location.
 
Union Square condo Petersfield-115 Fourth Avenue Market Report: In 2010 this 70 unit pet friendly condominium building had studios starting at $850,000.  One bedrooms sold for between $990,000 and $1,100,000. And Two bedrooms for $2,195,000.  Currently as of Jan of 2011 there are two bedrooms asking $1,795,000-$2,195,000.

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

Call Morgan Evans (917)837-8869 directly or email Morgan Evans for specific Union Square Condo search today.

Zeckendorf Towers-Union Square Condos

Zeckendorf Towers, also known as 1 Irving Place, is one of the most established condominium buildings in the Union Square area.  The building features four distinctive towers, Gramercy, University, Park and Village.  Each tower is capped with a pyramid that is lit up at night creating a dramatic backdrop in the neighborhood.
This Union Square condo-1 Irving Place (Zeckendorf  Towers) is Comprised of 670 condominium apartments, and built in 1988. Zeckendorf Towers is located at the crossroads of Gramercy Park, the Flatiron District, Greenwich Village and the East Village.  A convenient location right next to downtown shopping, subways, restaurants, make this building a major staple in the Union Square condominium market.

This Union Square Condo building features a unique level of services, starting with full time doorman and concierge service along with the 7th floor amenity areas.  Featuring a full service gym with a 60 ft pool along with a large sundeck overlooking Union Square Park.
Zeckendorf Towers offers a variety of layouts and types of apartments.
In 2010, 1 Irving Place (Zeckendorf  Towers) Studios were priced starting at $575,000.  One bedrooms started around $800,000 and went up to $1,000,000. Two bedrooms starting at $1,500,000 and going up to around $2,000,000.  Three bedrooms starting around $2,200,000.00.
Call us directly at (917)837-8869 or email us to find your perfect Union Square Condo today.
For other Union Square condos or other Manhattan New York condo information, read other related information links below:

Lower East Side-Manhattan New York

Lower East Side

The Lower East Side is a reflection of Manhattan’s rich history.  One of the oldest neighborhoods in Manhattan, south of the East Village, east of Chinatown and bordering the East River.

The Lower East Side has a vibrant and authentic culture onto itself.  Known for it’s many walk-up buildings and community oriented complexes such as Seward Park, the Lower East Side has seen the start of a resurgence in the past couple of years.

New condominiums being built, hotels, and restaurants have started to sprout up, right next to some of the Lower East Side’s neighborhood institutions such as Katz Delicatessen, Eldridge Street Synagogue.  A neighborhood where new meets old, where you will find some of Manhattan’s best known bars, boutique shopping, mom n pop stores, cutting edge restaurants the city has to offer.

Prices for apartments either a rental or in a condo or co-op have always gone a long way in the Lower East Side.  Spacious apartments are common in the large co-op complexes, along with the comforts and nostalgia and always thrift of the walk-up buildings.

The Lower East Side is without a doubt a destination to visit, live and experience as the neighborhoods resurgence is going to continue.

Other vibrant Manhattan New York Neighborhoods:

Looking for a Manhattan New York city condo in the Lower East Side area? Call us (917)837-8869 or Email us to find the perfect Lower East side Condo today.

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