Developer gets green light to do condo conversion at 361CPW
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.
French investment continues full force in NYC market
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
261 W 25 street,NY,NY 10001 Construction update
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 95 street NY,NY 10025 New developement spotlight
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
Does your buidings pet policy affect values?
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.
Continue reading Does your buidings pet policy affect values?
Bloomingdale’s to open Upper West side outlet
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.
NYC condos relaunch, sales improve
The NYPost profiles several condo developments that after subpar or no initial sales relaunched, traffic picked up and so did sales in some. Continue reading NYC condos relaunch, sales improve
Guess who lives at 15 CPW?
The building has the nickname “hedgie hive” because of the plethora of hedge fund owners/employees that live there. Denzel Washington makes his home there as well as Bob Costas and countless oligarchs including the one who held the previous record of most expensive residential apartment purchase before being broken by One57’s closing this year over $100mm.
The building is clad entirely in limestone and is actually two building separate by a motor court. The tower and the house as they are called share a private restaurant, gym, and lap pool. Prices which seemed high at the inception in 2008 now are only a fraction of their current levels. The address alone conveys a special cachet of status.
Click on the link below to see who lives there, how much they paid and who is cashing on before the luxury bubble burst.
Looking for a bilingual preschool on the Upper West side?
DNAInfo has a breakdown of the local bilingual preschools on the Upper West in Manhattan. These days with schools admission so competitive, many parents want to give their children an advantage of learning another language at 1 or 2 years old. Also, the article reports it’s a great way to foster an interest in other cultures. See link below for full article and info on schools.