Category Archives: Manhattan NY Apartments Infos

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

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


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

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

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

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

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

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

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

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

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

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

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


Tenant Qualification for a Manhattan NY investment condo

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We work with many out of towner and international clienteles who purchase a Manhattan New York as investment and retain our service to rent out their condo once they closed on the apartment.

We do extensive qualifying and ensure the perspective tenant have good financial security and excellent credit history. To rent an NYC apartment, the application process can be very different than the rest of the country or world, here are some guidelines for perspective tenants and also for potential condo owners to know what is the rental process so they can be at ease once the condo investment is purchased.

Here is the check list for the perspective tenant:

  1. Financial verification documents and letter, including:
    • Letter of employment and salary verification (include start date if not yet employed)
    • Bank account numbers (checking and savings), credit card numbers
    • Names, addresses and phone numbers of previous landlords
    • Names, addresses and phone numbers of accountant and attorney, if applicable
    • Names, addresses and phone numbers of personal and business references
    • Tax returns- previous three years will be ideal
    • Pay stubs
    • Expected bonus (verification from employer)
    • Additional sources of income with verification
    • Personal identification with photograph – driver’s license or passport
  2. If relocating from a different state or country, prepare the necessary funds before coming to New York. Landlords will not accept personal or out-of-state checks. They require certified funds. Anyone renting or relocating must:
    • Establish a New York bank account. If this is not possible, we require all is pay upfront.
    • Bring enough traveler’s checks to cover the cost of two (2) month’s rent (which must be converted into CERTIFIED CHECKS). This comprises the first month’s rent and one (1) month’s security deposit.
    • Bring funds to cover the broker’s fees if tenant’s employer company is not paying covering that expense. Majority of the time, Brokerage fees are paid by the tenant in New York City. These fees are due upon signing of the lease unless your employer is paying the real estate commission for which they will be billed directly.
    • Bring funds to cover a Credit Check: $50-$100+, can be credit card, it varies.
    • Bring funds to cover possible move-in/move-out fees (See Co-op/Condo Funds Needed).

If you are an investor that is seeking a Manhattan New York condo, we can help you find the perfect investment and then find the perfect tenant for you. Contact us today at (917)837-8869 to find your perfect apartment. Or email us for a quick response.

NoLiTa- a sassy and trendy Manhattan New York neighborhood

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Once a part of Little Italy, in the mid-1990’s the neighborhood was rebranded and the catchy name that stuck was Nolita, following the naming trend of its neighbors Soho(SOuth of HOuston Street), and Tribeca, (TRIangle BElow CAnal Street). Nolita, an abbreviation for ‘NOrth of Little ITAly, is a relatively new neighborhood.

Nolita, in the 1990’s experienced a large influx of young urban professionals escaping the high rents of SoHo. This, in turn, inspired the blossoming of fancy boutiques and establishments along it’s quaint cobblestone streets. With a new energy in the neighborhood, distinct from the old charm of Little Italy, NoLita was born. Currently considered an extremely fancy and expensive neighborhood, NoLita is especially desired for its convenient access to the surrounding neighborhoods of NoHo, Lower East Side, and SoHo.

NoLita is south of NoHo, bounded on the north by Houston Street, on the east by the Bowery, on the south roughly by Broome Street, and on the west roughly by Lafayette Street.

Nolita apartments for sale are dominated by condominiums with a few co-ops mixed in.
The Nolita real estate market is often seen as an offshoot of its neighbor Soho, but is still a product of its more relaxed roots.  New Construction buildings have entered the market place with varying reflections of the neighborhood character.

Pricing for Nolita apartments for sale tends to fluctuate closer to Soho and Noho than it does the Lower East Side, but ultimately the variations depend on building quality, building amenities, exposure and renovations.

Some of Nolita’s greatest appeal is that it has relatively everything you would be looking for in the downtown Manhattan experience, great boutique shopping, close proximity to Soho, eclectic mix of restaurants, cafes and entertainment.

We are very experienced & active Manhattan New York Real Estate agents, we have helped many buyers and sellers in different neighborhoods of Manhattan New York not just in NoLiTa New York. Please contact us at (917)837-8869 to find your perfect Manhattan New York apartment.

You can contact us today if you are looking to purchase a condo in NYC, or thinking about investing in this vibrant big city.
Other Exciting Manhattan New York Neighborhoods:

Please contact us at (917)837-8869 to find your perfect Manhattan New York apartment.

Koreatown Manhattan New York neighborhood

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Koreatown, or commonly referred to as K-Town is a neighborhood in Manhattan generally agreed to be located between Fifth and Six and Avenues from 31st Street to 36th Street. Essentially the location is between the Empire State building and Herald’s Square next to Macy’s in the Midtown Manhattan area. Koreatown is known more as a business district more so than a residential neighborhood.  However there are a number of very popular condominium buildings near the Koreatown neighborhood.  These condominium buildings include 325 Fifth Avenue, 400 Fifth Avenue, 425 Fifth Avenue, 445 Fifth Avenue, 100 West 39th Street, 350 West 42nd Street, just to name a few.

This neighborhood is anchored by what is known as “Korea Way” from 5th to 6th Avenue on 32nd Street. This is the heart of the Koreatown neighborhood.  What this street may lack in cumulative size it more than makes up for in concentration of stores and restaurants.  Known as a 24 hour destination for eating, shopping, relaxation and entertainment you will find Korea Way as a lively and spontaneous destination.  Whether you are looking for both traditional, regional or other combination varieties of Korean food you will find it on Korea Way.  If you are looking for salons, night clubs, bakeries, restaurants, shopping, internet cafes, hotel accommodation, you will find it all on this street.

The Koreatown neighborhood is a neighborhood of close proximity to many of the major tourist attractions in Manhattan, primarily the Empire State building along with the flagship Macy’s store. This combination and general proximity to the Midtown business district and many residential condominiums along with transportation to any location in the city have made the area quite popular.  Very lively with distinct personality, Koreatown is a developing neighborhood as new hotel and condominium buildings continue to be built in the surrounding area.  Whether you are looking for Korean food anytime of day or for hotel and residential accommodations this neighborhood will deliver.

If you are looking for a condominium for sale in the area the anchor buildings along Fifth Avenue or closer to Times Square are very popular. These Fifth Avenue Condominiums for sale include 325 Fifth Avenue, the newly built 400 Fifth Avenue, 425 Fifth Avenue and 445 Fifth Avenue.  These buildings all possess condos for sale that have tremendous views of the Empire State building and Manhattan skyline from their higher floors.  The newer condominium buildings such as 400 Fifth Avenue and 325 Fifth Avenue have a combination of amenities and high end finishes that are highly desired. 

Contact us today (917)837-8869 if you are looking to purchase a Manhattan New York condo near Koreatown.

Read about other exciting Manhattan New York neighborhood by visiting links below:

East Village

SoHo

Gramercy

Financial District

Murray Hill

Midtown

Central Park South

The Alexandria 201 West 72nd Street New York NY 10023

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Located at 72nd and Broadway the Alexandria at 201 West 72nd Street is one of the more prominent Upper West Side condominium buildings.Originally built in 1990, The Alexandria Condominium is a 200+ unit 25 story tall full time doorman condominium.  At the time that it was built, it established itself as one of the more desirable condominium buildings in the Upper West Side.  Centrally located at 72nd Broadway, a convenient location next to the subway and multiple bus stops and just blocks away from both Central Park and Riverside Park.
A number of features distinguish the Alexandria Condominium at 201 West 72nd Street from some of the other post-war condominium buildings in the Lincoln Square neighborhood. These features include an extensive amenity package including a health club and pool, sundeck, laundry on every floor. A number of the apartments in the building include outdoor space, extremely tall ceilings, duplex apartments, and spacious layouts including various floor plans which is unique for a post war condominium building.

Located at the northern border of what would be described as the Lincoln Square neighborhood of the Upper West Side.  The Alexandria commonly is perfectly located for somebody looking to be in the Upper West Side neighborhood.  Even though this is a fairly sizable building at a little over 200 apartments, there isn’t that much turnover of apartments in the building every year.

In 2010, approximately 8 apartments sold, a sign of the building’s desirability. That is a turnover rate of approximately, 4%.

A range of pricing for condos for sale in the Alexandria at 201 West 72nd Street include:

  • Studios typically sell from $475,000-$600,000
  • 1 Bedrooms typically sell from $850,000-1,250,000
  • 2 Bedrooms typically start around $1,350,000-$1,750,000
  • 3 Bedrooms start around $2,250,000 and go up from there

If you are looking for a full time doorman condominium in the Upper West Side or Lincoln Square neighborhood you should definitely consider the Alexandria for any availabilities. Contact us at (917)837-8869 today to find the perfect home in Upper West Side neighborhood of Manhattan New York or email us (https://manhattannycondosforsale.com/contact/)

Park Avenue New York Condos located in the Upper East Side Part 1 of 3

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Park Avenue New York Condos located in the Upper East Side Part 1 of 3

A Park Avenue address is one of the most distinguished and desirable places to live not just in Manhattan, but arguably the entire United States.

What makes a Park Avenue Condominium so desirable is that this street is almost entirely dominated by co-operative apartments.  On Park Avenue within the Upper East Side,there are literally just a handful of condominium buildings and there will continue to be as new condominium projects are quite rare. So if you do not want to gothrough the somewhat intimidating and arduous process of getting approval from a cooperative board and want to live on Park Avenue in the Upper East Side,then a condominium will be your only choice.  If you are looking to purchase an apartment as investment and want to buy on Park Avenue in the Upper East Side then a condominium will be your only option.

Looking at Park Avenue Condominiums in the Upper East Side is going to be fairly focused and directed, simply because the inventory is limited to certain buildings.  As of right now, I see approximately Twenty Five (25) different condominium apartments ranging in size from studio to Seven Bedroom Penthouses; Priced from $895,000 for a studio, to $35,000,000 for a Full Floor Seven Bedroom Penthouse atop 502 Park Avenue.  These Twenty Five (25) apartments are located in Ten (10) different Park Avenue condominium buildings.

The total number of Park Avenue Condominiums for sale at any one time will fluctuate give or take 5 to 10 apartments, but the number of condominium buildings on Park Avenue is going to remain more constrained.  In the last couple of years, there have been a couple of new condominium buildings that have come up along Park Avenue.  These have not been large developments, rather boutique condominiums, examples being 949 Park Avenue, 1055 Park Avenue, and 985 Park Avenue.  The next big project that has been publicized is a condo conversion at 737 Park Avenue.  Currently a rental building, this project is just at it’s infancy, but stated for possible completion in 2013.  737 Park Avenue will be very unique as this pre-war building located at 71st St opposite the famous 740 Park Avenue Cooperative Building.

If you are looking to purchase a Park Avenue Condominum within the Upper East Side and want to have some idea of the pricing, here is a very approximate range of pricing.  Keep in mind that pricing can vary tremendously depending on what you are looking for; For example a standard two bedroom condominium and a two bedroom condo fully renovated on a high floor with open views could be twice the price or more as the lower floor not renovated apartment.
Studio Price Range- A studio condominium is extremely rare on Park Avenue. You will probably only see a couple come up for sale every year, the studio condo on Park Avenue that sold in 2011 so far sold for $590,000.

  • One Bedroom Price Range-As of October 2011 so far approximately Eight (8) One Bedroom Park Avenue condominiums have sold in a price range of $900,000-$1,500,000.
  • Two Bedroom Price Range-As of October 2011, the price range for sold Two Bedroom Park Avenue Condos has been in the range of $2,000,000 – $5,300,000.
  • Three Bedroom Price Range- As of October 2011, the price range for sold Three Bedroom Park Avenue Condos has been in the range of $3,800,000 – $6,675,000.
  • Four Bedroom Range- The sold range for 2011 has been $3,850,000 – $15,000,000.
  • Five Bedroom Condo- A penthouse 5 bedroom at 610 Park Avenue sold for over $23,000,000 in 2011.

If you are interested in purchasing or selling a Park Avenue Condominium in the Upper East Side and need help with the purchase or sale, you can contact us at (917) 837-8869 or https://manhattannycondosforsale.com/contact/

Other relevant blog posts that may interest you:

Dorchester Towers Condo (155 West 68th Street) Market Report and Update

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Dorchester Towers is located at 155 West 68th Street New York, NY 10023. Dorchester Towers Condominium is located in the heart of the Lincoln Square area of the Upper West Side.

Dorchester Towers is one of the most desirable Lincoln Square Condominium buildings for a number of reasons:

Recently the building changed it’s building pet policy. They now allow dogs in the building.  This change from the perspective of Real Estate sales now opens up the buyer pool to those who have pets.  The dog policy still has certain restrictions based on the breed and number of pets allowed in an apartment. A renter for an apartment in Dorchester Towers Condominium is also now allowed to have a dog in the apartment.  That is the building policy, but naturally it’s every owner’s discretion to decide if pets will be allowed.

Overall this change in policy will lead to a wider buyer pool as pet owners who once would dismiss the building will now come and see if they want to purchase or rent a condominium at Dorchester Towers.  This is an advantage to a current owner in the building who may be looking to rent or to sell in the future.

Another update for the building that there are plans to renovate the hallways and lobby area. The renovation is described as fairly extensive, there is a tentative plan for a children’s playroom and meeting room to be constructed within the current layout of the generously sized lobby sitting area.  This is planned to occur sometime in late 2011 or early 2012 depending on a number of factors.

Updating the hallways is going to be a very aesthetically positive infrastructure for the building. As an active real estate agent, some buyers from time to time comment that a hallway renovation would be worthwhile.  A children’s playroom and meeting room are definite advantages in a real estate perspective.  These added amenities will provide an added value proposition for incoming buyers, as many of the more modern condominium buildings in the neighborhood have these types of amenities.  The building will still not have any gym, fitness or health club area, but there are still a number of gyms in the near vicinity of the building including Reebok Sports Club, Equinox, New York Sports Club, just to name a few.

Overall, we think the renovation of the hallways and the lobby is going to be a major improvement for the building. Many post-war buildings that were built around the same time that Dorchester Towers NYC was in the mid 1960s are all being updated now to stay as competitive with some of the other more modern buildings in their respective neighborhoods.  The renovation was paid for through a capital assessment that is planned to end in August of 2012.

The combination of opening up the building to allowing dogs and the upcoming renovation of the hallways and lobby we can say will increase the desirability of the building to incoming buyers and create a larger value proposition to anybody interested in a Dorchester Towers Condominium apartment.

Dorchester Towers Sold Condominiums since June 1st, 2011:

Apartment 509, 1 Bedroom sold for $645,000
Apartment 1509, 1 Bedroom sold for $625,000
Apartment 1701, Junior 1 bed(alcove studio with converted wall for bedroom area) sold for $582,000
Apartment 1512, Junior 4(1 Bedroom with dining alcove in living room that could be converted to 2nd bedroom), sold for $860,000
Apartment 907, Alcove Studio, sold for $575,000

In Contract Apartments at Dorchester Towers:

Apartment 428, Junior 1 Bedroom apartment, last asking price was $725,000

Condos for Sale at Dorchester Towers as of October 24, 2011

Apartment 4-20, 1 Bedroom, asking $625,000
Apartment 18-15, 1 Bedroom, asking $799,000
Apartment 29-C, Junior 4(1 Bedroom with dining alcove in living room that could be converted to 2nd bedroom, 1.5 Bathroom, asking $1,175,000

We are Dorchester Towers condo (155 West 68th Street New York NY 10023) sales and rental specialists. If you are interested in finding more about this condo, call us today at (917) 837-8869, or if you are an owner that would like to receive a fair market estimate of your unit, call us (917)837-8869 and we can discuss in details.

Old Rail tracks turned Park-High Line Park Manhattan New York

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On the Westside of Downtown Chelsea Manhattan, the High Line was built in the 1930s, as part of a massive public-private infrastructure project called the West Side Improvement. The highline carried freight 30 feet in the air, this way, it removes dangerous trains from Manhattan streets.

High Line has not been used since 1980, in 1999, this historic structure was under threat of demolition. Friends of the High Line, a community-based non-profit group then was formed to preserve and developed an idea to keep this structure as an elevated public park.

High Line park look from the street, it is raised above the street level.

Cafe on the high line park that is a fantastic place to have some afternoon snack.

New and ultra chic condo developments near and along the High line park.

Today, the park is open to public with many seasonal blooms, visitors come to High line park to enjoy the sunshine, admire the landscape, the neighborhood has become one of the trendiest place to live in Downtown Manhattan with unique architecture of new condos. The High line park is now one of favorite park among New Yorkers.

If you would like to know more about condos near High line Park, there are many options and availabilities based on your specific requirement. Call us today at (917)837-8869 and we can discuss in private in what will work best for you.

Midtown West- a vibrant Manhattan New York neighborhood

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Midtown West also known as Clinton, the Theatre District, or originally as Hell’s Kitchen. Manhattan Midtown West has a distinct personality and history all to itself in Manhattan.
Located generally between 59th Street to the North, 34th Street to the South and from the Hudson River to approximately 8th Avenue.  This is a diverse and large neighborhood with a multitude of landmarks and certain neighborhood characteristics.
Hell’s Kitchen is quite a name. There are many theories and stories about how the area was given this name, but to make a long story short, there has been much transition and gentrification in the last 20 years.  Certain area’s of Midtown West are quite residential with a lot of restaurants, shopping and entertainment options.
The Theatre District area of Midtown West is one of the most trafficked and lively areas for both tourists and resident New Yorker’s.
There have been a number of big development condominium construction in the last 20 years, the anchor being Worldwide Plaza.  This mix used building is one of the most popular condominium buildings in the entire Midtown area.
Midtown West has a distinct feel as zoning laws have kept almost all building heights maxed out at 6 floors. This has given the area a number of smaller more affordable rental and sale options for the residents of this neighborhood.  The taller buildings have typically been found on the avenues, while walk-up buildings are located predominantly between the avenues.
Recently there have been a number of new construction projects in Midtown West including the Link at 310 West 52nd Street, the Dillon at 425 West 53rd St, the Hudson Hill Condominiums at 462 West 58th Street, the Atelier at 635 West 42nd St, the Orion at 350 West 42nd Street, Griffin Court at 800 Tenth Avenue, the Hit Factory at 421 West 54th St, to name a few.  This area has seen these new construction buildings because it’s still possible for developers to purchase the land necessary for these types of buildings.
There are still areas south of 42nd St that are still relatively industrial, where you don’t see as much residential apartments available, but there is a huge project planned for the Hudson Yards redevelopment.  Essentially a brand new neighborhood will be built in this area and it will definitely improve the infrastructure of the Midtown West neighborhood as more retail, schools, and development money will come into this area.
If you are looking to purchase a condominium in Midtown West, we are very familiar with what is available, call us today at (917) 837-8869 or read about other vibrant Manhattan New York neighborhood in our blogs below.
A fantastic Midtown West Condo is 247 West 46th Street, to know more about this Midtown West Condo, click on this link:

Foreign Nationals Financing in New York city

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If you are an international buyer, foreign national looking to purchase investment condo or property in New York city, now there may be financing option available to you. The borrower should meet the following requirement in order to qualify. This is offer (updated on October, 2011) through Douglas Elliman Capital Mortgage company.

Below are basic requirements, each borrower will have very specific list based on individual:

  • $450,000 minimum loan amount, $3,000,000+ maximum loan amount 40% minimum down payment
  • 18-60 months post closing reserves are required, depending on loan amount
  • Borrower must establish an escrow account equal to 9 months PITI
  • Borrower must establish a second account designated for automatic loan payments
  • Income documentation required
  • Eligible property types include co-ops, condos, single family homes
  • Title may be held in the name of a corporation
  • 75 day rate lock
This means the minimum sales price of the property will be about $750,000 or more. Most of the Manhattan New York housing products are eligible for this program, and as many of our Foreign international buyers, they prefer to held title in limited liability corporation (LLC) which this is possible too.

**WE ARE NOT MORTGAGE BROKERS**, we are Real Estate agents that are have successful experiences working with foreign international buyers in Manhattan New York. We work with mortgage professionals that can provide financing for you if you are seeking financing. Call us today (917)837-8869 to discuss your Manhattan New York Real Estate purchase.


Here are more helpful articles for Foreign nationals buying in Manhattan New York:

  1. Can Foreign international buyer buy a Manhattan NYC condo?
  2. Foreign Buyer Frequent Asked Questions
  3. Use Local Expert for you Manhattan New York condo purchase
  4. How to determine a good Manhattan New York condo investment

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Central Park South Condominium Market Report for September 2011

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Central Park South Condominium Market Report for September 2011

This CPS market report is going to contain the current availabilities for 2 bedroom and larger condominium apartments for sale on Central Park South. Central Park South is located on 59th Street from 5th Avenue on the East to 8th Avenue on the West. There are a variety of reasons that make Central Park South condos some of the most desirable real estate in all of Manhattan but in my opinion the commanding views of Central Park could be the most desirable feature.

From Central Park South you see both the city views of both the Upper West Side and Upper East Side along with an unparalleled view of Central Park right in front of you.

There are not that many condominium buildings along Central Park South, just a handful, including 110 Central Park South, 100 Central Park South, 106 Central Park South, 160 Central Park South.  You also have the Plaza Residences at the corner of 5th Avenue and Central Park South.

The two bedroom and larger market ranges in price from $24,000,000 for a 5 bedroom apartment for sale at 110 Central Park South to $1,500,000 2 bedroom condominium for sale at 160 Central Park South.  Other than size the most important feature of the apartment that will determine price is going to be view.  Even though you buy a condominium in a building located right on Central Park South does not mean that you will have a view of Central Park from your apartment.  The price difference for the same size apartment in the same building with and without Central Park views can be quite dramatic.  There is only so much frontage in any building for Central Park views and ultimately some apartments will not have the Central Park exposure.  Even the apartments with Central Park views will be configured in a way that typically the living room and dining room’s will have the Central Park Views and the bedrooms will be facing the back of the building.  There are some apartments that will have Master Bedrooms facing the Park and those apartments will be quite rare and in a higher price point.

Another important characteristic of living in a Central Park South condominium is that the views from the back of the building facing South will typically not be an open city skyline view unless you are on a higher floor, possibly 15 or higher(different for every building).  So the bedroom views could be of the back of another building.

The two (2) bedroom market for a Central Park South condominium for sale ranges in price from $9,000,000 – $2,000,000. But expect the average price range to be in the $3,000,000-$4,000,000 range if you want a Central Park view.  Right now there are approximately One Dozen, Two (2) bedroom apartments for sale on Central Park South.

The three (3) bedroom market for a Central Park South Condominium for sale ranges in price from $5,000,000 – $9,700,000. There are six, Three (3) bedroom condos for sale right now on Central Park South.  Typically the larger the apartment the more likelihood it faces Central Park, but not 100% of the time.

The four (4) to five (5) bedroom market for a Central Park South Condominium for sale ranges in price of $8,000,000- $20,000,000. This size of apartment can range in price very dramatically as you start to look at Penthouse apartments, duplexes,  or combination apartments with sizes that can be 3,000-5,000 sq ft.  If you are looking for an apartment this size, it’s best to have the specific characteristics you are looking for ready so we can discuss what is currently on the market, or available in other notable buildings in the area.

Overall Central Park South condominiums for sale is going to offer some of the best Central Park views, access to shopping and restaurants and the services and amenities of a 5 star hotel.  If you are looking to purchase, rent or sell your Central Park South apartment contact me today at (917) 837-8869 and we can discuss privately what it is that you are looking for.  Your specific criteria will be discussed and we can talk about your apartment options for your very own Central Park South Condominium residence.

Once again, to call me at (917) 837-8869 or email us.

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Greenwich Village 1 Bedroom Condo Apartments for Sale Market Report

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Greenwich Village 1 Bedroom Condo Apartments for Sale Market Report

The 1 Bedroom Condo Market in Greenwich Village is one of most desirable yet has some of the lowest inventory levels of all neighborhoods in Manhattan. Greenwich Village 1 Bedroom Condos for Sale is highly desirable for both end users who will be looking to live in the apartments themselves and for investors as the area is surrounded by a number of college campuses including NYU, Parson’s, and Cooper Union.  You have very little inventory along with a very high demand, this creates a real estate market where there are not that many choices and the prices reflect the market conditions.

The supply constraints in Greenwich Village are due to the fact that there are very few condominium buildings in the Greenwich Village real estate market, the vast majority of buildings are co-operative in structure. Most of Greenwich Village falls under the Greenwich Village Historic District, making new development condominiums more difficult to build.  There are are a few condominium developments planned, but they are still a couple years out from entering the market. Unlike other neighborhoods where new development condos created a lot more inventory, Greenwich Village is and will continue to be more immune to an oversupply of condos for sale.

Currently, as of the end of September 2011, I see approximately 12 (Twelve) One Bedroom Apartments for Sale in Greenwich Village.  This included both condo and cond-op properties.

A breakdown of the price range for 1 Bedroom Condos for sale in Greenwich Village is:

$650,000-$1,000,000: I see available 4 (Four) apartments in the sub-$1,000,000 price point right now in Greenwich Village. The $650,000 condo is for a Junior 1 Bedroom, not a true 1 bedroom condominium, and is found in 184 Thompson St Condominium, Jr 1 bedrooms will be found in this building occasionally. There is another 1 bedroom condo for sale in Greenwich Village also at 184 Thompson St asking $960,000.  The other two apartments are found in the Cond-op buildings in Greenwich Village, 63 East 9th St-The Randall House and 60 E 8th St-Georgetown Plaza. Georgetown Plaza is a very popular building as it allows for investment purchase and it consistently has large true 1 bedroom apartments for sale for less than $1,000,000.

Overall you will find very little supply for a 1 bedroom condo for sale in Greenwich Village.  There are a few buildings where these condos will be found and when something is priced consistent with the market it will sell very quickly, expect to see large turnouts at the open house and offers to come quickly.

$1,000,000-$1,500,000: This is the price range where the bulk of the 1 bedroom Greenwich Village Condos for Sale will be found. Right now I see 6 (Six) One Bedroom Condos for Sale in Greenwich Village available.  In this price point you will start to see pre-war condominiums come available.  The pre-war condominium market is a niche in the condominium market in Greenwich Village.  It is a segment of the market that has an even more limited availability including the Bing and Bing buildings, including 59 West 12th Street, 45 Christopher Street, 299 and 302 West 12th Street.  Some other notable pre-war condos including 28 E 10th St-The Devonshire House, 115 Fourth Ave-The Petersfield, 2 Cornelia Street at the crossroads of Greenwich and West Village and 25 Fifth Ave.

This segment of the market will find condos in full time doorman condos, typically ranging in size from 800-1100 sq ft, some in pre-war buildings, some in a renovated condition. For a true 1 bedroom in a well established condominium building you will probably find yourself in this price range.

$1,500,000+: This price point you will find the more exceptional properties, typically 1100 sq ft+, outdoor space, exceptional renovations, possible views, loft like spaces.  This segment of the 1 Bedroom condo for sale Greenwich Village market will afford you to see higher floor apartments, usually renovated, in very well established buildings.

Overall, the 1 bedroom condo for sale in Greenwich Village is a very in demand segment of the market. If you are looking to buy in this neighborhood you have to understand the market conditions that exist and the best way to locate your apartment. Greenwich Village has a very rich history in New York City and is considered one of the premier Manhattan neighborhoods.  The downtown location along with proximity to universities, shopping, restaurants, and shopping, is arguably unmatched.
If you are interested in buying, selling or renting a One Bedroom Condo in the Greenwich Village Neighborhood contact us today, at (917) 837-8869 or email Morgan.Evans(@)elliman.com and we can discuss your specific need.

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