The American Felt Building Condominium at 114 East 13th Street New York City – Pre-War Condominium Lofts New York City
The American Felt Building Condominium – 114 East 13th Street New York City –
Pre-War Condominium Lofts New York
What is the American Felt Building Condominium Like?
The American Felt Condominium located at 114 East 13th Street is a very unique building. It is one of the only pre-war full time doorman condominium loft buildings in downtown Manhattan and more specifically the Union Square/East Village neighborhood.
Located on 13th Street between Fourth and Third Avenues, you are literally sitting at the crossroads of the Union Square, East Village and Greenwich Village neighborhoods. A convenient and attractive location for so many reasons.
Originally built in 1909, the building was home to the American Felt Company which was the primary producer of the felt used for the world famous Steinway Piano Company. Converted into condominiums in the early 1980′s, this was one of the very first condominium buildings to be converted in the gentrification of the Union Square neighborhood. At the time, the neighborhood was considered “up and coming” and had a reputation as a more raw area, but buildings like the American Felt Building and other condominiums such as 115 Fourth Avenue the Petersfield, the Zachary at 125 East 12th Street and the neighborhood defining Zeckendorf Towers at 1 Irving Place established the neighborhood and started to turn it into what it is today. These Union Square condominium buildings are now some of the most desirable and respected buildings in downtown Manhattan.
Making the American Felt Building so desirable are the apartments themselves, taking advantage of it’s factory heritage, ceilings are tall, typically 11-12 feet high, expansive windows bring in tremendous light, layouts are open, and apartment sizes are generous. Some of the higher floor apartments will have wood burning fireplaces, double exposures, balconies and open views of the East Village and Greenwich Village neighborhoods. These features are extremely unique and the major reasons why there is so much desirability when an apartment comes for sale at the American Felt Building Condominium.
The building itself has a full time doorman, a roof deck, storage and is both pet friendly and investor or pied a terre friendly making the building a very flexible type of purchase. There are approximately 40 apartments in the building, spread out over 12 floors, most floors only have 4 apartments per floor.
What is the neighborhood like?
Located Between Fourth Avenue and Third Avenue on 13th Street, the American Felt Condominium Building is located in the East Village, but within immediate distance to Union Square, Greenwich Village, and NYU. The location is a crossroads of what makes downtown Manhattan so desirable, the combination of neighborhood amenities including dining, shopping and transportation all at your fingertips.
Being within immediate proximity to the East Village, Union Square and Greenwich Village, you have the best of all worlds. The Farmer’s market located at Union Square, the restaurants and energy of the East Village, the ambiance and historic charm of Greenwich Village, you get to take your pick of any of the attributes that makes all of these neighborhoods stand out as some of Manhattan’s best places to live.
What are the apartments like at the American Felt Condominium at 114 East 13th Street?
One of the most unique pre-war condominium buildings in the East Village and Union Square neighborhoods, almost no where else can you find the combination of loft characteristics that you will have at the American Felt Building.
When you first walk into any of the apartments you will notice the tall ceilings, typically 11-12 feet depending on the floor. Then you will notice the spacious layouts with very little columns or obstructions. This combination of tall ceilings and open layouts creates a volume of space that is extremely unique for a Manhattan apartment. What I consider over-sized windows bringing in maximum amount of light into the apartments is another wonderful feature. Depending on the exposure some apartments will have outdoor balcony’s, double exposures and fireplaces. When adding these features to an already impressive base you now have a truly unique apartment. Apartment condition and layout varies throughout the building because this is a condominium each owner has had the opportunity to renovate. You will find some apartments customized to the personal tastes and decor of their owners, so often no two apartments are the same.
Most apartments I have seen are usually studio or 1 bedroom layouts, some larger apartments do exist but do not come on the market often.
Why Buy an Apartment at the American Felt Building Condominium?
If you are looking for a condominium loft with a full time doorman in the Union Square, East Village or Greenwich Village neighborhoods then this will be one of the only buildings that fits the bill. If you are looking for an apartment with features that match what is available at the American Felt Building including fireplaces, outdoor space, 11-12 foot tall ceilings, open layouts than you will be drawn to buying here. The combination of location and the type of apartments at the American Felt Building really is unique and the demand always outweighs the supply for these apartments.
What do apartments sell for at the American Felt Building at 114 East 13th Street?
The standard layout at the American Felt Building in 2012 and 2013 has been selling for in the range of $1,195,000 to $1,390,000. The more unique layouts with outdoor space, double exposures, found on higher floors can easily exceed this range. Because the layouts are so unique at 114 East 13th Street, pricing apartments effectively will require looking at the many characteristics of each apartment and coming up a valuation that factors in specific renovations, layouts and unique apartment attributes.
Are you ready to buy or sell an apartment at the American Felt Building?
If you are give us a call at (917) 837-8869 to discuss availability and pricing.
If you are interested in watching a video I filmed outside the American Felt Building click below:
View Greenwich Village Condominiums in a larger map
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/.
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:
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.”
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.
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?
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.
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:
- Greenwich Village Apartments for Sale – Part 1 What does $500,000 Buy Me?
- Greenwich Village Apartments for Sale – Part 2 PreWar Condos
- Greenwich Village Apartments for Sale – Part 3 Studio and 1 Bedroom Condos
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.
Many of our foreign buyers are parents of International students from Europe, Asia, Canada, Latin America and other countries. Other than many career and investment opportunities, Manhattan New York has many distinguish universities and colleges that offers many international students undergraduate and graduate degrees. We helped many parents of international students from New York university, Parsons school of Art and Design, School of Visual Arts (SVA), Columbia University, the Jillard school, Cooper Union and other academic institutions.
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 and a knowledgeable Manhattan Real Estate attorney.)
- 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.
Looking to buy a condo for your son or daughter? Fill out the form below and we will contact you promptly to help you out.
You can also call us directly at (917)837-8869.
Other helpful information in buying NYC condos:
- Foreign Buyer Frequent Asked Questions
- Types of NYC Apartment Buildings-Brownstone, Postwar, prewar…
- NYC Apartment Terminology-Studio, Alcove Studio, Lofts…etc
- Greenwich Village-A fantastic Manhattan New York neighborhood
- SoHo-A vibrant Manhattan New York neighborhood