The 2 bedroom 2 bathroom condo with low monthly charges and a balcony with Central Park views has had a price adjustment which makes it even more attractive. The price for this 1140 square foot south facing condo is now $1.75million. An open house is planned for Sunday 1-2pm. Follow the link for more pictures and floorplan. Continue reading 400 CPW apt 10C price reduction
Developers of high end property are looking for ways to push the edge and create a unique product to justify the high prices that their NYC new developments are asking. One way is to maximize views by using curved glass in a NYC condo. One57 on West 57 street aka Billionaire’s Row used it and now 50 West street uses it even more. 50 West is a 191 unit condo that is experiencing much success with 83 units already in contract ranging from 1.39million to just over $22mm for a penthouse according to Streeteasy.
The NYDN is reporting that several of the most expensive apartments in Manhattan are cutting their prices including a penthouse in Tribeca where the price is being slashed from $40mm to under $30mm for a 7000+/- space. At the same time, while other units incuding one at The Pierre are also slashing their prices, other developers are taking aim at the $100mm record set this year by the sale of an apartment at One57 on Billionaire’s Row.
Those developers inlcude 550 Madison aka the Sony building condo conversion where an apartment will reportedly ask $150mm, 520 Park avenue which will have a penthouse asking $130mm and 220 CPS where its’ top asking price is rumored to be $175mm!
The developer has finally received the approval earlier this week by the Landmarks Preservation Committee to go ahead and convert the former church at the corner of 96st and Central Park west to 39 condos. Additional windows will be added to the 96 th street side as well as the north side of the building.
The building was purchased in June of last year for $26mm and has over 33k sqft in total.
Read the full story and see renderings on Curbed NY.
According to an article in the Commercial Observer, several factors are contributing to the steady flow of French investment in the NYC Market. Continue reading French investment continues full force in NYC market
According to Streeteasy there will be 49 units in this new construction condo on West 25 street and 47 of them are in contract. There are two remaining units- one priced at $3.195mm and the other at just under $4mm.
This building sold quickly as
a result of a good mix of smaller and larger units and at just under $2000 per sqft for this location, it’s not hard to see why it went so fast. The amenities include a resident’s lounge with fireplace, a garden, media room as well as a “quiet” library plus a roof deck with outdoor kitchen. The developer is the Naftali Group who is having a slighter hard time selling their Upper west side project at 261 W 77 street which they pulled off the market and will reboot shortly.
175 West 95th, a recently converted condo between Columbus and Amsterdam avenue on the Upper West side is off a very good start with sales. According to Streeteasy, this building has 24 contracts out and 12 available properties. They range from a studio for $630k to a 3bedroom for $2,020,000. The most expensive property in contract is a 2bd/2ba with balcony that was asking $1,555,000. It took 42 days to get into contract but many of the other apartments were spoken for after less than 1 week. Continue reading 175 West 95 street NY,NY 10025 New developement spotlight
This very question was posed in the NYT ASk Real Estate column. The general opinion is that a no dog/pet policy limits the pool of buyers but it is difficult to analyze how much. Generally, the apartment may be worth about 5% more because of allowing little Lassie or Milu to live in the building.
Bloomingdale’s will open an outlet store at 2085 Broadway on the Upper West side taking over the 3 story space of Urban Outfitters. The store will feature “off-price” merchandise. Urban Outfitters will be leaving the space in the summer at the corner of West 72 street. On the opposite corner there is a Trader Joes.