Category Archives: RiversidePark

Luxury, New Developments, RiversidePark, Upperwestside

Manhattan Boutique condo versus high rise- which is better?

A Manhattan boutique condo can have some advantages that a high rise might not. A smaller building can mean more of a personal feeling when coming home. In a Manhattan building with 30 or less apartments, chances are you are going to have more customization and less mass production like a new building with 200 units plus. In the boutique building in NYC, you will see amenities but not the scale that you would see in a high rise luxury building like One Manhattan Square or One Riverside where you have swimming pools, bowling alleys, lounges, party rooms and gardens.

In a large building you might pay more per square foot for these due to the amenities like in Waterline Square on Manattan’s west side or 15 Hudson Yards, where prices hover around $3k per square foot. In a smaller boutique building, you will have less amenities but can expect a roof deck, doorman, gym, and maybe a garden. Take for example, the 6 unit 207 West 75th street building which is brand new and averages only $2k per sqft.  In a 6 unit, be prepared to be involved in the operation of the condo.  In a 39 unit building like the Chamberlain at 269 West 87th street, you get amenities like a children’s playroom,storage, gym,doorman and common outdoor spaces and again averaging around $2k per sqft. Also, in small building, any repairs will hit each apartment owner more than in a large condo with more owners to divide up the costs.

I think it comes to your lifestyle. A small building works well for some people who do not need the amenity suites that some of the large luxury buildings offer. For some people they feel this is akin to living in a hotel and some people love it and some do not.

What is your preference: Boutique or high rise with tons of amenities?

The Author-  Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every neighborhood from Battery Park City to Washington Heights.

LincolnSquare, Listings, Luxury, New Developments, RiversidePark, Upperwestside

50 Riverside boulevard aka One Riverside Park availability

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The Extell Development building built in 2015, with a 20 year tax abatement, and 50,000 sqft of amenities currently has 9 units for sale. They are all resales, averaging approximately 10-20% more than their sold prices in 2015. The averge price per square foot is $1,878 per square foot. The average days on the market is 181 and if you remove one listing that has been for sale for 451 days, it goes down to 150 days on market.

There have been 4 sales this year and none in the last 3 months. That’s an average of 1 sale every 2 months which means the inventory would last about 18 more months.

The two resales sold this year were sold for a 100,000 or 6% profit and a $1.2 million loss, suggesting the building is roughly valued very close to the 2015 levels or less in the case of the larger apartments purchased from the sponsor.

Given that there are many more years left in this tax abatement, this might be the right time to get into this building with it’s amenity suite including the La Palestra athletic club, bowling alley and lounge, rock climbing wall and 75 foot lap pool.

The Author-  Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every neighborhood from Battery Park City to Washington Heights.

Central Park, RiversidePark

NYC Triathlon Sunday July 1

The NYC Triathlon is set for Sunday July 1st. It starts at 5:30am so you will need to get up early if you want to see people swim, yes swim in the Hudson River on Manhattan’s Upper west side. Forget about parking in the lot at West 96th street near the Riverside Clay Tennis courts because there are dozens of port-a-potties parked there for the entrants. The race starts with a swim in the Hudson River down to West 72nd street then a bike ride up through the Bronx and back into Manhattan. The running portion will be a counter clockwise loop in Central Park.

Time Out Coverage of 2018 NYC Triathlon

Patch.com coverage including street closures

 

RiversidePark, Upperwestside

Riverside Park-Upper West side oasis

If you are living or thinking of living on Manhattan’s Upper West side,  and can find an apartment close to Riverside Park, you will always be able to do find something to do even if it’s just a stroll on a hot summer day.

There’s a Cherry Walk from 100th to 125th street on the water as well as the red clay tennis courts at West 96th street in case you want to channel the spirit of The French Open. There’s soccer fields, long winding paths, the Boat Basin Cafe and this just takes you into the West 70’s.  Here are some photos to get you motivated to take a walk on the Hudson River and maybe catch a sunset, take a free yoga class or watch an outdoor movie.  Click on the below for a list of events. Calendar of events in Riverside Park

 

One of the best places to live is in one of the many full service buildings on Riverside boulevard. There are a range of apartments from studios to family size apartments. Many of the buildings have roof decks, and swimming pools among the amenities. One of the best buildings is the newest addition- One Riverside Park where a 3 bed/3.5 of around 2000 sqft (185m2) can be had for under $5 million  or rented for under $10k per month.  Around the corner at 1 West end avenue, you can find interesting offerings at around $2000 per sqft and this building comes with a 20 year tax abatement.

Beyond the glitzy new condos in this section of Lincoln Square, you can find the more affordable Lincoln Towers, a postwar co-op on West end avenue. A 3 bedroom is for sale for $2.295 million with a monthly maintenance under $2500 per month. Prices are around $1500 per sqft in this pet friendly development which has several buildings and while not as fancy as it’s neighbors to the west, it is more centrally located, a full two avenues closer to Broadway including Zabar’s and the express subway stop.

Riverside boulevard buildings
Riverside boulevard buildings

Whether you decide to purchase, rent near Riverside Park or just pass through, there’s always plenty to do…

 

RiversidePark, Upperwestside

752 West end avenue sold for $146 million

Stellar Management has closed on 752 west end avenue aka The Paris New York for $146 million.  The Art Deco residential building built in the 1930s was a few years ago marketed as condos then the sponsor sold it to another party who has now conveyed it to Stellar. The building remains a rental building with about 200,000 sqft spread over 24 stories. Currently, there are 10 apartments for rent ranging from $3145 for a 480 sqft 1 bedroom/1 bath to $15,495 for a 3 bedroom/3.5 bath 2192 sqft 10th floor apartment.

The Paris New York was originally the Paris Hotel and is located on the corner of 97th street and WEA, close to Riverside Park.

Full article

Real estate, RiversidePark, Upperwestside

Joan of Arc statue centennial celebration on the Upper West side

On Thursday morning, a ceremony organized by the local community celebrated the centennial of the Jean of Arc Statue. The monument itself was a tribute to the friendship of France and the US. Honoring the bond between these two countries is even more significant given the recent terrorist attacks in Paris.

The statue is in Riverside Park at Riverside drive and west 93rd street on Manhattan’s upper west side. The local community is raising funds to restore the statue to its original glory and towards that end has already raised $5,000 from neighbors.

 

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