Tag Archives: Upper West Side

155 West 68th Street Dorchester Towers Condo Market Report July 2015

155 West 68th Street Dorchester Towers Condo Market Report July 2015

In 2015, the sale of Dorchester Towers have been strong and steady. We are seeing both buyers and sellers have responded to the lack of supply within the condo re-sale market place.

Many buyers have been bidding away at prime properties once it is on the market and sellers have achieved good pricing with realistic expectations.

When we look at 2014, the past year market created a trend where some sellers and Real Estate brokers continued to push prices to a level where buyers backed away until either a realistic price adjustment happens.


When we look at Dorchester Towers market, the ‘Average Days on Market’ increased from 40 days to 54 days before a contract was signed.

The Price negotiability increased from 2.5% (2014) to about 5.4% (YTD 2015). This increase DOES NOT indicate prices are decreasing, in fact the prices are still holding and increasing in certain segments, this is indicating that we are seeing a more measured price appreciation.

Price Analysis

  • Alcove Studios: Up about $100 sq/ft since 2014
  • One Bedrooms: Holding steady since 2014
  • Two Bedrooms: Increased $200 sq/ft since the last sale in 2013

In today’s market, we are seeing the new construction condo market is the most popular segment of the market place.

For brand new renovations or recent renovations, buyers will pay a premium and the likelihood of multiple offers is at its highest.


Continuing into the rest of 2015, with continued low Inventory levels, still historically low mortgage rates for those that need financing, and an overall confidence in New York City as a global safe haven, all indicators of a healthy and active Real Estate Market.

We are Morgan Evans and Eileen Hsu, residents of the Dorchester Towers and we the consistent top selling Real Estate agents for the Dorchester Towers Condominium.

We have the most thorough  track-record of results of any sales team, and we sell Dorchester for the best price and fastest compare to any other agent.

If you are an owner and are thinking of selling or renting your Dorchester Tower condo unit, Contact us for a confidential discussion of your Dorchester condo unit at (917) 837-8869.Or email us at Morgan.Evans@elliman.com or EHSU@elliman.com

Lincoln Square Upper West Side 1 Bedroom Condominium Market Report

Lincoln Square Upper West Side 1 Bedroom Condominium market
The Lincoln Square neighborhood surrounding the famous arts and entertainment center that is Lincoln Center is home to a number of very desirable condominium buildings.
The One (1) Bedroom Condo Market in the Lincoln Square area of the Upper West Side is very sought after and has a very small amount of supply of condos for sale.
The Lincoln Square area is approximately described as from 59th Street to 72nd St and from Central Park to the Hudson River.
In total there are approximately 85 One Bedroom Condos for sale in the Lincoln Square area of the Upper West Side. However if we put our Western Boundary at West End Avenue and exclude the Trump and Extell Buildings on Riverside Blvd, the amount of inventory decreases extremely significantly to 36 One Bedroom Condos for sale in the Lincoln Square Upper West Side.

The One Bedroom Condo in Lincoln Square Upper West Side for sale price range is significant, it starts around $600,000 and goes up to approximately $1,350,000.

A breakdown of the price range for 1 Bedroom Condos for sale in Lincoln Square Upper West Side is:

$550,000-$700,000: Only 2 Condos currently available.  This segment of the market, condos priced in the $600,000 to $700,000 price point is where you consistently see apartments only stay on the market for a very short time.  Certain buildings in the Lincoln Center neighborhood have 1 bed condos for sale periodically, most typically Dorchester Towers at 155 West 68th St.  Dorchester Towers is a full-time doorman condo building that has 1 bed condos in the $600,000-700,000 price range, and they sell very quickly. The size will be anywhere from 575 sq ft to maybe 700 sq ft, do not expect a new renovation in this price range.

$700,000-$1,000,000: The majority of the 1 bedroom condos for sale in Lincoln Square Upper West are in this price range, approximately 24 Lincoln Center One Bedroom Condos are currently for sale.  You will see a variety of types of buildings in this price range.  You will find new construction or recently built condos like 10 West End Avenue or 555 West 59th Street.  You will find some of the more established full time doorman condos like The Coronada at 155 W 70th St or One Lincoln Plaza at 20 West 64th St.  The larger one bedroom Lincoln center for sale condos will be in this range, approximately from 700 to 900 sq ft.  Condition will vary, some very nice and renovated others not so much but the trade off may be a higher floor or larger space.

$1,000,000+ : About 10 Condos are currently for sale in the $1,000,000+ price range in the Lincoln Square Upper West Side condo market.  Above a million dollars you will be looking at condos typically concentrated in a few buildings such as 1965 Broadway-The Grand Millennium, 101 West 67th St and 111 West 67th Street – The Millennium Tower or Park Millennium, 160 West 66th St, 2000 Broadway-The Copley and 150 Columbus, 200 West End Avenue, to name a few.  In this price point you will typically be in these more luxurious buildings, often with 800+ sq ft, views, and some apartments will be renovated.

Overall, the 1 bedroom condo for sale in Lincoln Square Upper West Side is a very desirable market.  A variety of buyer’s seek these apartments out, some for end use, others for pied a terre residences and as investment properties.  The location near Central and Riverside Parks, along with the transportation and subway lines, combined with the residential ambiance the neighborhood posses make it a very desirable location.

If you are interested in buying, selling or renting a One Bedroom Condo in the Lincoln Square Upper West Side area, contact us today, at (917) 837-8869.

P.S. 199 Upper West Side PTA Calendar-Back to School-Parent Activities

The school year is just about to kick off for PS 199 located at 270 West 70th Street in the Upper West Side neighborhood of Manhattan New York. The PTA has a very detailed schedule of events for the upcoming school year.  Below you will find a list of some of the major events they plan to have for the first month of the school year.  To see any updates or possible changes to the schedule you can go directly to their website.

PTA Schedule and Calendar for September

  • First Day of School : September 8th
  • Breakfast for Kindergarten Parents : September 8th, 9:30am-11am
  • Walkathon Committee Meeting : September 12th, 6:30pm-8pm
  • Healthy Child, Healthy Planet Committee Meeting : September 13th, 8:30am-9:30am
  • Back to School Picnic K-2 : September 14th, 6pm-8pm
  • Back to School Picnic 3-5 : September 15th, 6pm-8pm
  • SLT Committee : September 16th, 7:15am-8:15am
  • Diversity Committee Meeting : September 16th, 8:30am-9:30am
  • Walkathon Committee Meeting : September 19th, 6:30pm-7:30pm
  • Lice Check : September 19th
  • PTA Executive Board Meeting : September 20th, 6:30pm-8pm
  • Lice Re-Check : September 20th
  • Back to School Nights : Grades K-2 : September 21st, 6pm-7pm
  • PTA Informational Meeting/Speaker : September 21st, 7pm-8pm
  • Back to School Nights : Grades 3-5 : September 22nd, 6pm-7pm
  • PTA Informational Meeting/Speaker : September 22nd, 7pm-8pm
  • Walkathon Committee Meeting : September 26th, 6:30pm-7:30pm
  • Picture Day-School Photos will be taken : September 26th
  • Healthy Child, Healthy Planet Committee Meeting : September 27th, 8:30am-9:30am
  • Picture Day-School Photos will be taken : September 28th
  • School Closed for Rosh Hashanah: September 29th and 30th

To go directly to the PS 199 PTA website to look at the September Schedule of Events

See a list of Upper West Side condominiums below:

Upper West Side

We are Upper West Side residents ourselves and we specialize in many Upper West Side condominiums. To find a suitable condo near PS 199 or in Upper West side, call us today at (917)837-8869.

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Dorchester Towers condo-155 West 68th Street New York NY 10023

Dorchester Towers located at 155 West 68th Street New York NY 10023 is located in one of the most prime Upper West Side Condos locations. Just blocks to Lincoln Center, Dorchester Towers is one of the longest established Upper West Side Condo buildings.

This Upper West side condo was built in 1965 originally as a rental building when the Upper West Side was still an up and coming neighborhood. Dorchester Towers at 155 West 68th Street is now in one of the most desirable and convenient Upper West Side locations. Converted in the late 1980’s into a condominium building Dorchester Towers Condos is a full service doorman building. Dorchester Towers has a roof top deck, laundry on every floor, bike room, on-site management, and circular driveway.

Dorchester Towers has some of the most attractively priced Upper West Side Condos Sales.

At Dorchester Towers, Dorchester Towers condo has multiple layout of different apartments, such as one bedroom, two bedroom and combination of large condo apartments. For the latest availability or to be be put on the list, please contact us at (917)837-8869 or (646)644-6929 today.

West 67th Street – Manhattan NY Condos

West 67th Street – Manhattan NY Condos

West 67th Street in the Upper West Side of Manhattan has some of the most popular Upper West Side Condos for sale available. This historic park block street is noteworthy for a number of reasons.  Bounded on the west by Central Park you will find the historically significant Hotel de Artistes residences, a co-op building, on Columbus Avenue you have ABC studios and 45 West 67th St.  The Millennium Tower at 101 West 67th Street and Park Millennium at 111 West 67th Street are found between Broadway and Columbus.  These two buildings have some of the most dramatic Central Park, Manhattan skyline, and Hudson River views available. These Lincoln Center Condominium Buildings make up three of the most desired buildings in the Upper West Side all conveniently located on West 67th Street.

101 West 67th Street commonly known as the Millennium Tower. Built in 1994 by the Millennium Partners Development Company. The residences at 101 West 67th Street have arguably some of the most commanding views of Central Park, the Hudson River and Manhattan Skyline from an Upper West Side Condo building. The Millennium Tower is a 56 story with a 80+ condominium residences, not too many apartments per floor.

111 West 67th Street known as the Park Millennium is the twin of the Millennium Building’s  at 101 and 111 West 67th Street.  These buildings have separate entrances with full time doorman and concierge services.  These are pet friendly buildings with on-site laundry facilities.  One of the defining features of these buildings is being so close to the Reebok Sports club.  The Reebok Sports Club is one of the finest exercise facilities in the entire of Manhattan. Features include a swimming pool, multiple floors of cardiovascular and weight training areas, multiple group exercise rooms with classes running throughout the day, basketball courts, rock climbing wall, an outdoor running track, outdoor deck along with personalized training capabilities.

45 West 67th Street was built in 1983 it is a 33 story, 175 apartment Lincoln Center Condo building.  One of the reasons why this building is so popular is because of the mix of apartments available within it, studios up to 5 bedroom combined apartments.  There are even some duplexes and penthouses with outdoor terraces available which is quite rare for a Lincoln Center Condominium residence.    There is a 24 hour doorman, concierge, valet services, laundry, private garden, and storage available in the building.

It’s no surprise that West 67th Street is home to some of the finest Lincoln Center condominiums for sale. This historic park block has access to everything the Upper West Side is known for.  Walking distance to the Lincoln Center, Central Park, shopping and restaurants are right at your fingertips.

If you are intersted in knowing what is for sale in any of these West 67th Street – Manhattan NY Condos contact us today at (917)837 8869

Manhattan New York condo frequent asked questions:

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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