Showing posts with label condos. Show all posts
Showing posts with label condos. Show all posts

Feb 11, 2016

Residential Pools in Lincoln Square, Columbus Circle, Hell's Kitchen/Clinton

Condos with Pools in Lincoln Square | Columbus Circle | Hell's Kitchen/Clinton

Yesterday I published an updated a popular blog about residential pools on the Upper West Side. Due to the popularity of that post, today I've updated the original post Manhattan Condos with pools in Lincoln Square, Columbus Circle, Hell's Kitchen/Clinton

There are currently more pools in luxury condos and condops on the west side of Manhattan than ever before. If a building with a pool is a priority amenity for you and you want to live near Lincoln Center, Hell's Kitchen/Clinton or Columbus Circle, this post features buildings (condos, condops  and coops with pools in the Lincoln Square (Lincoln Center area), Columbus Circle,  and Hell's Kitchen / Clinton neighborhoods. 

The Copley | 2000 Broadway
(West 68th/69th Streets)

Built: 1986 
28 Floors - 163 Units

 30 Lincoln Plaza | 30 W 63rd Street
(Central Park West & Broadway)

Built: 1980 - 33 Floors - 609 Units
converted to condo: 2009

The Alfred | 161 West 61st Street
(Columbus Avenue and Amsterdam Avenue)

 Built: 1987 
37 Floors -222 Apartments


Time Warner Center | The Mandarin
 80 Columbus Circle | 1 Central Park
(59th Street and West 60th Street)

Built: 2004 
 80 Floors - 191 Apartments

  10 West End Avenue
(West 59th/ 60th Street)

Built: 2007 
 33 Floors - 173 Apartments

The Element | 555 West 59th St.
(Amsterdam Avenue and West End Avenue)

Built: 2007
35 Floors - 198 Apartments

157 West 57th Street

Built: Under Construction
90 Floors - 92 Apartments

Now Selling

Park Place | 301 West 57th Street
(Eighth Avenue and Ninth Avenue)

 Built: 1987 
61 Floors - 301 Apartments

 The Sheffield | 322 West 57th Street
Cross street: 8th & 9th Avenues

Built: 1978
58 Floors. 597 Apartments
Converted to condominium 2005

City Spire | 150 West 56th Street
(cross street: 6th & 7th Avenues)

Built: 1988 
72 Floors - 353 Apartments

The Orion | 350 West 42nd Street
(cross street:  8th and 9th Avenues)

Built: 2005
60 Floors - 551 Apartments

The Atelier | 635 West 42nd Street
(cross street: 11th/12th Avenues

Built: 2006 
46 Floors - 478 Apartments

Prices vary building to building but start around $650,000 for studios up to $20 million+ for large multi- room apartments. 

At One57 current available units range from $4.9 million for a 39th floor 1 bedroom to $58.5 million for an 83rd floor 4 bedroom with 4.5 baths. Current available units for rent at One57 range from$9,500 for a 1 bedroom on the 39th floor to $150,000  for a 7 room, 3 bedroom with 4.5 baths on the 65th floor.

Please contact me if your looking to purchase or sell a condo, condop or coop in Manhattan.

Condos and Condops with Pools on the Upper West Side

Manhattan-condos-coops-with-pools Downtown

 Listings of Manhattan condos and condops with pools

courtesy of:
Mitchell Hall, Associate Broker
The Corcoran Group
P (212) 877-6268 | M (917) 312-0924

Sep 10, 2015

Who Lends Here in NYC Coops and Condos

As a NYC listing agent one of my first tasks when I land a new listing is to find a lender that will loan in the building. Not all lenders will loan in a particular building. Some listing agents leave it to chance hoping the buyer will find a lender that will approve the building.

In NYC a buyer/borrower may be very well qualified for a loan but the coop or condo they're looking to buy may not qualify or be approved by their lender. There are many different reasons and variables why a particular lender may not loan in a certain building. Getting a building approved can be a long process particularly in self-managed buildings. A buyer making an offer with a pre-approval from a mortgage broker with a history of closings in the building may be considered a stronger offer by the seller.

Richard Barenblatt, a NYC mortgage broker started new website Who Lends Here  a free solution resource for buyers, sellers and agents in Manhattan and Brooklyn.  

Just type an address into the designated box on Who Lends Here’s homepage. The site then displays a list of mortgage specialists who have done business in the building.

By showcasing lenders who have experience closing deals in specific condos and co-ops, potential buyers gain streamlined access to competitive financing options, despite the underlying ownership structures that might normally impede the process. A buyer's offer with a pre approval from a lender that has already done loans in the building may have a competitive edge.

The site is notably simple and transparent and plans on expanding to the Bronx and Queens.

May 9, 2015

NYC Mayor de Blasio's Proposed "Mansion Tax"

Gracie Mansion - NYC mayor Bill de Blasio's affordable mansion

This week NYC mayor Bill de Blasio proposed a new "mansion tax" imposed on home buyers for home sales over $1.75 million and 1.5 percent tax to home sales over $5 million. This new proposed tax burden is in addition to the "mansion tax" burden already imposed by New York State for all property sales over $1 million.

The mayor from Brooklyn owns a townhouse at 442 11th Street in Park Slope. October 2014 it was valued around $1.5 million, $250,000 shy of de Blasio's definition of "mansion." 

The Brooklyn mayor has moved to Gracie Mansion in Manhattan. The mayor is currently renting his Park Slope home for market rate $4975/month ($60,000 annually.)

In addition to the mayor's proposed tax burden on home buyers he also plans to reform the 421a tax abatement program. Under his plan condos will no longer be eligible for the tax incentives. Rental building developers will required to set aside 25 to 30 percent of the units as affordable.

The mayor claims the new tax will create 60,000 affordable units over the next decade. 

Affordable for whom?

Bloomberg project 432 middle income units in Hell's Kitchen

Former mayor Bloomberg's plan focused on creating more housing for moderate and middle income families, something few programs address. This category includes people living on $58,000 a year as individuals up to $145,000 a year for a family of four. 

The Bloomberg administration's housing plan originally projected that 32 percent of the 165,000 units would be set aside for middle class New Yorkers. 
Mayor de Blasio's plan reduces the percent of units set aside for middle class New Yorkers by 10%
Under his plan 78% is for extremely low, very low and low incomes. 22% of units for middle and moderate incomes.)

Only 13,200 units out of 60,000 will be for middle class New Yorkers and the elimination of tax incentives for condos will create even less home ownership opportunities for middle class New Yorkers. The firefighters, the teachers, the nurses, small business owners and many other people who might not be at the lowest income levels but are still priced out of the market.

A 2009 study by the Center for an Urban Future looked at the strain that housing costs were putting on middle class New Yorkers and argued that it was imperative for New York City to maintain a strong middle class.

Surprisingly the real estate board of New York (REBNY) supports the mayor's mansion tax and 421a proposal. The mayor's proposals will require approval by the State Legislature.

Jan 21, 2015

New Manhattan 'Affordable' Luxury Apartments

The meaning of the word ‘affordable’ may have a new meaning in Manhattan. It not only means subsidized housing it can mean affordable entry level luxury.

While prices have been soaring in Manhattan along with rent a new wave of luxury entry-level homes are currently on the market and in the pipeline. It's a perfect time for many first-time home buyers. Mortgage rates are at all time historic lows (a 30 year fixed rate currently approx 3.5%-3.75%) even less for adjustable rate loans.

Affordable luxury. New units with lower asking prices currently on the Manhattan condo market and new ones will be hitting the market this year. Prices for new apartments are hitting records, but some prime units are also in the pipeline for the budget-minded buyer — with $750,000 to $3 million price tags that haven’t been seen since the 2008 financial crisis

Some examples: 

235 West 75th Street

Upper West Side (at Broadway), built in 1901
12 stories, 212 units

305 West 150th Street


Condo | Part Time Doorman | Elevator

  • Built 1921
  • Converted to condo in 2014
  • Low-rise
  • 7 Floors
  • 84 Apartments
  • Elevator
  • Part Time Doorman

  • Fifty Third and Eighth
    252-unit condo conversion in Hell’s Kitchen

    175 West 95th Street
    Upper West Side

    Full Service Condo Post-war Built 1971

    Studio apartments starting at $630,000, One bedrooms starting at $680,000   

    Converted to condo in 2014

  • High-rise
  • 27 Floors
  • 226 Apartments
  • Elevator
  • Full Service


    432 West 52nd Street

    Hell's Kitchen/Clinton

    Full Service Condo 

    Studios starting at $640,000

    Jan 7, 2015

    175 West 95th Street | UWS New Condo Conversion

    175 West 95th Street
    175 West 95th Street
    New condo conversion development on Upper West Side originally built in 1971 - 27 floors with 226 apartments.
    175 West 95th, a full service building, is located on a beautiful tree lined street just two blocks from Central Park. 
    Creatively redesigned, this property offers studios, one, two and three bedroom residences most with private outdoor space and expansive views of both the city skyline and Hudson River. 
    Current prices range from studio apartments starting at $630,000, One bedrooms starting at around $680,00 to 2 bedroom 2 bath 23rd floor apartment for $1,585,000 with various options in between.
    175 West 95 Street is in the heart of the Upper West Side providing access to desired daily conveniences such as gourmet markets, great dining and many cultural attractions. Just minutes from many subway lines, 175 West 95th Street puts all of New York City within reach.
    A tasteful contemporary sensibility has been applied throughout offering an incredible lifestyle opportunity. Amenities include a stunning new lobby with a full-time concierge, a glass enclosed residence lounge, an outdoor landscaped terrace with seating and a separate children’s play area, fitness center, and indoor playroom. 
    Additional features of this new development include: Central laundry, fitness center , indoor playroom, landscaped terrace , outdoor play area, package room, resident's lounge.
    In the conversion, the building's entrance was moved from Amsterdam Avenue to West 95th Street. 

    175 West 95th is in the heart of the Upper West Side, conveniently near transportation, many new and vibrant restaurants, and gourmet shopping such as Whole Foods and The West Side Market.

    Click here to receive new development listings or call me at 917-312-0924 or email me to schedule showings.

    Sep 14, 2014

    498 West End Avenue | Rentals to Condos

    498 West End Avenue
    498 West End Avenue

    A century-old handsome limestone and brick rental building located between West 83rd and West 84th streets on West End Avenuue is converting from rental units to three to five-bedroom condominium residences designed by CetraRuddy.

    West 84th Street | Edgar Allen Poe Ct

    Approximate asking prices will start around $3 million and go up to more than $10 million. Sales are expected to launch this month. The building is expected to be completed by spring of 2015.

    Included in the conversion will be a 4,000-square-foot rooftop addition that the Landmarks Preservation Commission approved. Developer Samson Management acquired the 12-story rental property in 2012 for $52.5 million.

    Manhattan New Developments and Conversions 

    Jul 1, 2014

    Manhattan Market Report | Second Quarter 2014

     Manhattan Market Report | Second Quarter 2014
          Overall, the market-wide cost for Manhattan’s homes increased 20% in average sale price, 6% in median sale price, and 15% in average price per square foot versus Second Quarter 2013. The average price per square foot reached $1,286 this quarter, a new peak. 

    Highlights of Manhattan Second Quarter 2014 Market Report:

    ·         Inventory Starting to Turn Around.  Although the number of properties listed for sale remains low (52% below the peak in Q1 2009), inventory rose for the second quarter in a row.

    ·         Limited Supply Buoys Prices.  inventory was up, but its overall continued depressed level maintained competitive conditions among those in the market to purchase.

    ·         Slower Activity in Bread-and-Butter Sales.  In Manhattan, one- and two-bedroom units are the primary drivers of residential sales activity, but they are occurring with decreasing frequency.  (see Sales by Price Category, p. 6.)  

    ·         Luxury Sales Grow Disproportionate.  Activity at the high end continued to be robust, and grew as an overall percentage of the market.  Properties above $3M now account for 12% of sales (up 3% from a year ago), and 26% of available inventory (up 4%).

    ·         Price Per Square Foot Sets New Record.  The focus on high-end sales drove the average price per square foot for Manhattan real estate up to $1,286.

    The Second Quarter described signs of buyer fatigue and caution, particularly amongst prospective buyers of small units.  With prices at their peak, there is less incentive to become a first-time buyer, or to trade up from a starter home. 

    Sellers act now and price it right. 

    Each market segment and neighborhood has it's own nuances. If you're thinking about buying or selling a home, or would like to discuss the market or this report please contact me.

    For the complete Corcoran Manhattan Second Quarter Report including neighborhood reports.

    Jun 26, 2014

    Summer in the City | UWS Buildings with Pools

    Manhattan Condos with Pools

    Upper West Side Apartment Buildings with Pools

    It's Summer in the CityAccording to a recent Corcoran Consumer report 37%, the largest margin said a building with a pool is a top priority amenity for them.

    If a pool is a priority for you, and you want to live on the Upper West Side, whether buying or renting, the following buildings have swimming pools.

    Built 2011

    The Aldyn Residences, Athletic Club and Spa includes 40,000 square feet of amenities overlooking the Hudson River including a 75' Swimming Pool and Hot Tub.

    Built 2010

    the Rushmore Pool

    The Rushmore
    LaPalestra Well Center

    75' swimming pool

    The four Trump Place condominium buildings have health clubs with pools.
    120, 200, 220, 240 Riverside Boulebard
    Built 200 -2004
    Trump Place

    The Alexandria - 200 West 72nd Street at Broadway -
    Full Service Condo - Health Club, Pool, Hot Tub
    Built 1991
    The Alexandria -201 West 72nd POOL

    The Alexandria -201 West 72nd POOL

    The Bromley
    225 West 83rd Full service condo built 1988
    health club with pool
    The Bromley _ Upper West Side
    The Bromley Pool

    The Boulevard 2373 Broaway
    at 2373 Broadway, - Built 1989
    The Boulevard is a full service luxury Condop.

    Two level Health club with 75' Boulevard Pool

    The New West
    250 West 90th Street at Broadway - Built 1986
    Full Service condo with rooftop pool
    Full service condo, 21 floors, 185 apartments, rooftop pool and health club
    The New west 250 W 90th at Broadway

    New West

    535 West End Avenue
    at 86th Street
    Full Service Luxury Condo Built in 2010
    535 West End Avenue

    535 West End Avenue POOL

    The Columbia
    275 West 96th Street at Broadway - Built 1983
    Full service condo, 35 floors, 302 apartments, garage, health club pool.
    The Columbia - 275 west 96th Street at Broadway POOL
    The Columbia - 275 West 96th Street at Broadway

    The Ariel (East and West)
    Broadway at West 99th Street - Built 2006
    The Ariel East and West, Broadway at 99th St.
    Ariel Condos East & West POOL

    The Ariel West and the Ariel East. Ariel East - Fitness center, pool

    updated original post October 2011

    courtesy of:
    Mitchell Hall, Associate Broker
    The Corcoran Group
    P (347 921-4255


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