Category Archives: featured

Riverside Blvd & Riverside Park Manhattan New York

1 Reply

RIVERSIDE BLVD Manhattan New York

Riverside Boulevard is the location of the Trump Park Buildings and now the Extell Development Buildings in the Upper West Side. Not to be confused with Riverside Drive which starts at 72nd St and goes north, Riverside Boulevard starts at 72nd St and goes SOUTH.  Right now it end at 62nd St, but will be lengthened as new development, specifically the Riverside South development project begins.

The Riverside South project was notably developed by Donald Trump and his partners.  Not an easy project that took some time to actually happen as it was a complicated and massive development deal.  The area was originally a freight rail yard owned by New York Central Railroad. Also complicated the development was the West Side Highway, which had to be buried for a certain amount of road.

After decades and many different configurations the project finally came to some fruition as a number of hi-rise condominium buildings were built under the Trump Place name and the Riverside Boulevard address was born. Riverside Blvd is home to the Trump Place buildings and now a number of Extell development buildings including The Rushmore and the new condominium the Aldyn.  There is still southern expansion of the area that is going to be the home of more condominium building’s along with planned parks, school, retail and community involvement.

Some of these buildings include 240 Riverside Blvd-The Heritage at Trump Place, 200 Riverside Blvd, Trump Place at 120 Riverside Blvd, 100 Riverside Blvd-The Avery, 80 Riverside Blvd-The Rushmore and 60 Riverside Blvd-The Aldyn.

Manhattan New York condo buyers frequent asked questions:

Other Upper West side Condo buildings:

If you are interested in purchasing, renting, selling or investing in any of the condominium buildings on Riverside Blvd contact us today at (917) 837-8869.

[gravityform id=1 name=ContactUs Page Buyers title=false description=false]

Manhattan New York Park Avenue Upper East Side living at is Best

1 Reply

900 Park Avenue New York NY 10075. Park Avenue three bedrooms rentals at 900 Park Avenue. (3 bedrooms/3.5 bathrooms RENTAL $19,000 per month)

Spacious combination unit over 2,000 square foot 3BR/3.5BA corner unit of Park Avenue and East 79th Street in Upper East Side of Manhattan New York.

This apartment has mint condition windowed kitchen with Viking appliances and marble bathrooms, wet bar for entertaining, library off the living room (can be used as third bedroom), ample closet/storage space, private laundry room, and custom made cabinetry.

The Park 900 Condominium is a Full Service Luxury Condominium located at the northwest corner of East 79th Street and Park Avenue.


The front of the building has a circular drive and displays a magnificent Botero Sculpture. This is available immediately, call (917)837-8869 today to schedule a private showing or your own New York Park Avenue condominiums.

Greenwich Village Townhouses-Manhattan New York

1 Reply

Greenwich Village is one of New York City’s most desirable and historically significant neighborhoods.  Greenwich Village Townhouses are a direct reflection and product of the neighborhood’s rich and historically significant status.  To learn about the townhouses you have to look back at the roots and history of the neighborhood.  With over 400 years of history behind it, many of the townhouses for sale in Greenwich Village are a reflection of a certain style of architecture from the period they were built.

Greenwich Village townhouse–Take for example, the Greek Revival Townhouses that are found bordering the North Side of Washington Square Park, these date back to the 1830’s.  Or a Federal Style Townhouse built in the 1840s, or a 25 foot  wide Italianate single family home.

Most of the townhouses in Greenwich Village bring with them a specific story of who they were built for and how they transferred hands throughout the years. They were built in a way with specific architectural characteristics that you will not find today.  Many townhouses have been meticulously renovated and brought back to their original splendor and enhanced with today’s modern conveniences.  Air Conditioning, Elevators, Private Roof Top Decks, Screening Rooms, Security Features, were not an available feature back in the 19th Century.

Being of the desirable nature and the limited quantity of Greenwich Village Townhouses, the pricing for a townhouse has dramatically increased. Pricing starts around $5,000,000 USD for a mixed use or townhouse featuring multiple apartments within the property.  For a single family, fully renovated, asking prices can be upwards of $20,000,000.

Depending on what you are looking for, if you want a complete turn key with every possible convenience all wrapped up in a historically significant home with much of it’s architectural elements restored, you will be at the higher end of the range.  If you would like to possibly live in a single apartment within a townhouse you will be at a far less price point.

If you are interested in buying or selling a Greenwich Village Townhouse, contact us today at (917) 837-8869.

For more reading about Greenwich Village Real Estate:

[gravityform id=1 name=ContactUs Page Buyers title=false description=false]


Greenwich Village Apartments for Sale-Part 2 Prewar Condos

1 Reply

Greenwich Village Apartments for Sale Part 2 Prewar Condos

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 condominium 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 us today at (917) 837-8869 or email at https://manhattannycondosforsale.com/contact/

Manhattan NY Condo FAQ: Can I renovate my Manhattan NY Condo?

Leave a reply

Manhattan NY Condo FAQ: Can I renovate my Manhattan NY Condo?

The quick answer is Yes.  You can certainly renovate your Manhattan New York Condo. The long answer is that it’s not going to be as easy as you may think and certainly going to cost more than what you could do in a more suburban environment.

Now that you are a condo owner, you have to live within the by-laws the building has adopted.  One of those by-laws concerning a renovation is that any person you hire to come in and do work must be licensed, bonded and insured. Because work you are performing to your Condo could possibly effect another condo, the contractor you use has to be authorized by the building to perform the work.

Another large factor involved is that any work to the condo apartment typically has be be authorized by the building management and condo board.  If you are renovating your bathroom or remodeling the kitchen where the plumber will be tapping into the building’s plumbing systems before you do any of the work, you will submit an alterations agreement to the building to make sure the work you are doing isn’t going to negatively effect other apartments.

This process of getting your renovation authorized by the building can take some time, especially if you need permits from the city of New York.

If you are remodeling your house the worker’s can start very early in the morning and stay late into the evening if you want them to.  Not in a Manhattan condo building. There will be building work hours, typically between 9-5pm, Monday through Friday. The limited hours will add to the amount of time it takes to finish a project.

Don’t be surprised if the cost to do what you may think is a simple renovation is more expensive than what you expected.  The labor costs here are much higher than anywhere else.The key aspect to renovate big or small your Manhattan apartment is to work with an experienced general contractor who has a lot of experience working in Manhattan apartment buildings.  Who understand how to process the paperwork, who knows how long and how much a renovation is going to cost.  We work with a number of different contractors who have such experience depending on the type of project you want to undertake.

Because renovations are not as easy as you’d think, that is why there is such a premium price for fully renovated turn key apartments in the city.  Completely unrenovated ore estate condition apartments typically sell at a discount because renovating them is not as easy as you’d think.  If you are looking for an apartment to renovate be prepared to undertake the project or hand it off to an experienced contractor.

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

Leave a reply

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.

Checklist for Manhattan New York Condo Buyers

Leave a reply

We are Manhattan New York Condo specialists, we work with many out of town first time investors and buyers that would like to acquire a Manhattan New York condo as part of their investment portfolio.

We often have a check list of basic steps to educate the buyers as to how to get started. Here is a good check list:

  • Consult with a reputable lender or mortgage consultant to see how much can you finance in today’s market. In today’s market, lending guidelines are changing by the day, it is in your best interest to see what will it take to qualify for a loan.
  • Do speak to your banker if you have money in bonds and money market. Find out how many days will it take to liquidate your funds so you know once we have a verbally accepted offer. Often in Manhattan New York market place, the seller seeks 10% of the sales price as downpayment at the time of signing contract. With that being said, if you are buying $1M Manhattan condo, you will need $100,000. at contract signing.
  • Do your homework on finding an Real Estate agent to work with. What is it that you are looking to buy? You want to find an agent that is familiar with the product that you are interest in buying. We are very well versed in Manhattan New York market, we have sold many Manhattan New York condos to first time home buyer, first time investors, foreign internationals, parents buying for children and many serious and motivated buyers. A Condo or Co-Op? Uptown or Downtown? Do you speak specific language that you preferred the agent speaks your mother tongue? Do you need an agent that work specifically with foreigners? Go on a search engine such as Google, try type in what you are looking for, and see if any agent shows up on the search result.
  • Do Have a realistic budget of what you are looking for. Manhattan New York condo is approximately $1,000 per square foot, so unless you are looking for a 500 SF one bedroom, you will need more than $500K to buy a one bedroom condo. (the price will also depend on the building amenities, such as fitness center, residents lounge, roof deck, basketball court, swimming pools and etc.)
  • Do speak to an accountant to see if you need to structure the purchase in a specific way to enjoy the tax deductible benefits of buying a Manhattan Real Estate. If you are a first time home buyer, is it beneficial to co-purchase the condo unit with your parents or alone; If you are an foreigner, is it better to buy it under your own name or start an LLC?; If you are an out of town investor, is this purchase going to be an investment property or?
  • Do have a Manhattan New York Real Estate attorney ready. Manhattan Real Estate transaction requires each buyer and seller to have an attorney representing them in drafting and finalizing the contract. A good attorney can save you headachs, money and risks, ask your agent to refer you (3) attorneys so you can call and interview. Explain to the attorney what you are planning to do, and see which attorney you feel most comfortable to work with.

If you would like to find out more information or learn about more Manhattan New York investment opportunities, please contact me today.  Email us today (https://manhattannycondosforsale.com/contact/) call (646)644-6929 or (917)837-8869.

Manhattan New York condo buyers frequent asked questions:

Parents Buying for Children Manhattan New York condo MUST READ

1 Reply

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 (https://manhattannycondosforsale.com/contact/) and we will reply promptly.

Manhattan NY Condos FAQ: HOW TO MAKE OFFERS in Manhattan New York Condo?

Leave a reply

Manhattan New York Real Estate market is an unique market place, we work with many out of town and international buyers who brings their own ideas and previous experiences of Real Estate transaction into this market place and realize that there is a different way to complete a Real Estate transaction in Manhattan New York. Working with us, we will educate you not only the market, we will also educate you through out the entire Manhattan New York condo buying process.

Unlike other parts of the country or world, when a buyer makes an offer on a property here in New York, the offer is made through us, the Real Estate agents and the buyers do not sign any contracts or purchase agreement when making an offer.

Real Estate professionals DO NOT WRITE the contracts here in Manhattan New York. Title companies DO-NOT schedule the closings here either. Manhattan New York is an Real Estate attorney state, therefore all closing arrangements are done through Manhattan New York certified Real Estate attorneys. Both buyer and seller will each need an attorney to represent each party. We work with experienced Real Estate attorneys that we will able to recommend you one that best suited for your purchase.

To make an offer here in Manhattan New York in the case of Manhattan New York condominiums, as a buyer you will need:

  • Proof of funds: if it is all cash, a bank or stock statement demonstrate that there is enough cash to make the purchase (ideally a United States bank or stock statement). If it is financing contingent, pre-approval from a United State bank is a must.
  • Any contingencies: in Manhattan New York, the common contingencies includes financing contingency to ensure bank will lend, funding contingency to ensure bank will fund(wire money) the transaction, and other sale contingency; if there any prior sale need to happen in order to make the new purchase. Manhattan New York Real Estate market usually do not have ‘INSPECTION’ period especially in Manhattan New York market place, most are condominiums or cooperative structure, inspection is often for Townhouses or single houses only, therefore, there is usually NO INSPECTION contingent as other parts of the country. Manhattan New York condominiums are purchased AS IS.
  • Closing date: This will depend on if you are buying a new condo or a resale condo. If it is a new condominium buying from sponsor, and the condo is ready, the closing date can be as soon as one to two weeks. If it is a new condominium and the construction is still on the way, then this time frame varies. If it is a resale condominium, if the owner is ready to move, and the transaction is all cash, then the time frame can be 45 days as soon as condo board approves the condo application. If financing for a resale condo, this time frame can be 60-90 days or more.
  • Personal Financial statement: This is sometimes required depending on the property (or if cooperative) and if there are other multiple bidding scenario. The personal financial statement includes all assets disclosure such as bank statements, 401K, retirement funds, other owned real estate, other mortgage or liabilities and etc. Full disclosure is a must if it is a Manhattan New York cooperative disclosure.

Once the offer is verbally accepted by the owner (seller), then we will have to provide a Real Estate attorney information immediately to start the contract. We work with a team of experienced Real Estate attorneys that we will able to recommend you one that best suited for your purchase.

If you or someone you know would like to buy or sell Manhattan New York condominiums, please call us directly today at (917) 837- 8869 or (646) 644- 6929. We specialize in Manhattan New York condominium market and have experiences selling Manhattan New York condos in different neighborhoods, we offer confidential consultation customize to your specific investment needs.

International Love Affair with Manhattan New York Condos

Leave a reply

Foreign Buyers Love Manhattan New York condos–We 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.

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.