Citibike now in expansion mode has announced several new stations to come to Manhattan’s Upper West side including 5 on Central Park west. This should be interesting as many pedestrians already often find themselves in peril walking on the streets on the Upper West side from delivery bikes and bicyclists that run lights. This expansion is part of Citibike’s expansion plan for Uptown. Read the NYPOST article below.
In January of this year, the Extell developed building known as One57 on Manhattan’s Billionaire Row set a record when it sold a 11,000 square foot duplex made up of the 89th and 90th floors for $100.47 million. It was the most expensive residential sale surpassing the previous record set at 15 CPW of $88mm. Now, as has been well documented in this blog and in the media, several other buildings are taking aim at this record and record breaking sell outs. Continue reading Luxury Manhattan market oversupplied?
According to NYPost, wealthy New Yorkers are choosing luxury apartments over luxury estates in Westchester. 11 $10 mm plus estates have sold in Westchester in the last seven years compared with 1355 apartments in New York City during the same period.
In the first quarter of this year, the count is 36 for NYC and 0 for Westchester. This trend figures to get even more exaggerated as Millenials (born between 1980 and 1999) become more and more part of the buyer population. They tend to like to live in urban environments, use public transportation and eschew driving as much as possible.
Read the full NYPost.com article.
According to an article in Crain’s, Manhattan apartment inventory is still hovering around record lows set in 2013. This is true especially if you consider the following factors.
1- Any new construction or condo conversion has not and will not relieve pent up demand for apartments below $2mm Continue reading Manhattan apartment inventory still low
This prewar, intercom building was built in 1899 and converted in 1986. Located at the corner of West 98 street and Broadway, within only 2 blocks of the Expess stop of the 2,3 and 1 local, this building features 2-4 bedrooms with modest common charges and taxes. Layouts are interesting because the building has a space in between it and the building just to the west of it on West 98 street. The B line has plenty of southern sun as it faces West 98th and also has eastern light from Broadway.
Click through to see what’s for sale here.
Continue reading 243 W 98 street Upper West side Building profile
Toll Brother’s NoMad ground up construction has apparently not been selling at the speed anticipated. According to Streeteasy.com, several of the apartments have been pulled off the market and a few have seen fairly large price reductions. Curently, there are 11 apartments in the market from $1.519 million for a 664 sqft 1 bedroom to $6.154 million for a 3bd/3ba 2753 sqft layout in the Christian de Portzamparc building. Three of those 11 apartments have seen reductions including apartment 28E which has been reduced to just under $1.8 million from its original ask of $2.119 million.
Continue reading 400 Park avenue south New Development Update
In general, most of Manhattan has appreciated over the last several years but some areas have outpaced others in terms of appreciation and residential development. Harlem is one of those areas. In 2010, I was looking at townhouse on West 136 street which could have been purchased for just under $1 million intact. Now those same buildings, a mere 5 years later are double the price.
The NYPost profiles 3 micro nabes and details what’s going on in terms of development and why the market is heating or already hot. They are not suprisingly:
1- Harlem
2- Fidi but more specifically Park Place
3- The Highline
Read the full article below
A West Village townhouse purchased in 2012 for $5.8 million has entered the market at $12.5 million. The owner James Oakley hired designer Fernando Santangelo and completed a high end renovation of a property that was already in a good condition. The result is home inspired by Italy’s finest properties and with tons of light thanks to a rear glass wall. Radiant heat as well as high ceilings and a lovely roofdeck with West Village views are among the many features the next buyer will enjoy in this home.
See the slideshow and pictures below.
415 Central Park west is a prewar co-op built in 1926 with 17 stories and 92 units. This doorman building is located at the corner of 101 street and Central Park west. Some of the larger apartment have direct park views and the building amenities include laundry and a childrens’ playroom.
The 65 story, 93 unit building launched sales about 6 weeks ago. 6 apartments are already in contract and there are 12 availabilities according to Streeteasy.com. The building which is at the corner of 2nd avenue and runs from 57th street to 56 street features a 34th floor full of amenities including a 75-foot swimming pool, a fitness center with yoga,pilates, and spin rooms plus a lounge and library with18′ ceilings and a 70′ terrace. To see current pictures click through. Continue reading 252 East 57 street New Development update
