Via on West 57th street Construction update

The pyramid shaped building named Via at 625 West 57th street is the luxury rental building located on West 57th street near the West side highway and is designed by Bjarke Ingels. Construction is progressing as per the photos taken today. 709 units in total and of that 142 affordable apartments starting at $565 for a studio! It is expected that there will be over 100,000 applications for the affordable apartments. No information has been released yet for the market rate rentals.





Grandparents migrate to NYC

With many families deciding to stay in NYC and raise their families here, grandparents are also coming to NYC at first to help out and then they decide to stay. Many of these grandparents as  profiled in the NYT, come from the suburbs or out of state say farewell to their lives there and start fresh here in the Big Apple.

They find that the urban environment allows them to be close not only to their families but to cultural institutions and make new friends. With this new life they sometimes even take their grandchildren on their new in the city treks.

Many of these grandparents might decide to rent their own place at first to try out New York City and then afterwards decide to cut ties with their other life and make a purchase of a New York City co-op or condo.


Chipotle to open in Columbus Square on UWS

The shopping center that already includes Whole Foods,Sephora,Michael’s, TJ Maxx, and Bare Burger will have a Chipotle soon as well. Signage went up just this week. This means that nearly all of the spaces except a couple have been rented in this retail center. The Chipotle will be located at 805 Columbus avenue on the eastern side of the street. Do you think this is a good addition to the location?

Columbus Square shopping center


Thinking of buying an apartment on the Upper west side?

According to the NYPost, the upper upper west side from 96th street to 110th street is a section of Manhattan to take a closer look if you are considering purchasing. I have lived in this neighborhood for 11 years in Park West Village- where 4 of the 7 seven buildings are condos and 3 remain rentals. Over the last several years, we have seen the emergence of the Columbus Square shopping center with Whole Foods as the anchor and recent additions include Bare Burger and Yogurt land.

Often overlooked and not mentioned in the NY Post article,  the Park West Village condos include 372,382,392 and 400 Central Park west. One of the few condos on Central Park west, prices have risen but still are a reasonable $1500-1600 per square foot on average with very low monthly charges. Common charges and taxes together for these postwar buildings are about $1 per square foot. So a 1140 square foot 2bd/2ba with a balcony can be had for about $1.8-$1.9 million with monthly charges of about $1200 per month. How many buildings can make that claim?

The Vaux condo as seen from Central Park west. Corner apartments are 2bd/2ba with terrace
The Vaux condo as seen from Central Park west. Corner apartments are 2bd/2ba with terrace

Another offering is the redesigned 360 Central Park west which is at the corner of  96th street and Central Park west. Prices start around $1.6 million for a 1 bedroom apartment.

360 CPW will be converted to condos.
360 CPW will be converted to condos.

Read the full article. 

Citibike arrives on West 84th street on the Upper West side

As part of the Citibike expansion there are now several new stations on the Upper West side including as far uptown as West 84th street. Another station is coming the Central Park west between 97th and 100th street on the super block that houses the Park West Village condominium.

Citibike has also tweaked their app so that you can know the distance that you cover on the bike and how many calories you burned.

Citibike station on West 84th street

West 84th street Citibike station

Mount Morris Park Historic district in Harlem expands

The Mount Morris Historic district has now expanded to include practically all of the buildings from Adam Clayton Powell boulevard to Lenox avenue from 118th street to 123rd street. The expansion includes many beautiful brownstone homes as well as some apartment buildings. Homes that fall within a historic district need the LPC approval to do work to their exteriors. Over the last few years, historic districts are attempting to expand to preserve the character of neighborhoods.

Typical brownstones within the Mount Morris Historic district ask over $3mm and it’s only a matter of time before one sells for over $4 million.

What do you think of the expansion?

Lost your stock certificate for your NYC co-op?

With a New York City co-op the proof of your ownership is your stock certificate and proprietary lease. In a co-op, you don’t own the apartment but rather you own shares in a corporation. Getting a new stock certificate can be an onerous process depending on the building and management. If you have a loan, your lender probably has it as collateral so check with them first. If not then it can be more expensive to recover. Read the full article here.

Ghostbusters filming on the Upper West side

Earlier this week the Ghostbusters movie was filming on the Upper west side near 103rd street and West end avenue. No parking signs were posted throughout the neighborhood and right in the middle of the Jewish holidays which was insensitive to say the least. Luckily, they were not towing or ticketing cars according to Gothamist.

This is a remake of the Harold Ramis classic and stars an all female cast. Filming was in Boston and had since moved to New York City.

News about the NYC real estate residential and commercial markets provided and interpreted by an industry veteran licensed since 1999. Brian Silvestry of BSRG Inc. Licensed real estate broker