Manhattan Condo Living: February 2012

Duplex Penthouse Condominiums are some of the most spectacular and unique apartments in New York City.

A duplex penthouse is an apartment that has two floors.  A typical layout includes the living, dining and entertaining rooms on the 1st Floor and the bedrooms on the upper floor.  Typically a standalone stairwell will connect the two spaces.

Duplex Penthouses are so desirable because the apartment will now feel much more like a residential home on top of a hi-rise condominium.  It also creates a privacy and separation that is commonly desired for those looking at penthouse apartments.  There will typically be elevator access to both floors.

With a duplex apartment your options of apartment layout, configuration will open up.  Often you will see double height living rooms, expanded private outdoor terraces, fireplaces, unobstructed views among the unique features not found in other apartments.

The duplex apartment penthouse availability varies in a number of different categories, mainly in size and pricing.  You will find duplex penthouse condominiums for sale in the 2 Bedroom, 3 Bedroom and Larger Categories.  Duplex penthouse condominiums can range in size from typically 1500 square feet up to 5,000 sq ft or larger for the most spacious.
Most duplex penthouses will also come with outdoor space, but often in the hi-rise buildings, outdoor space is not an option.  This will be a feature that will not always be a possibility, but it clearly depends on your preferences for a high floor apartment or an apartment with outdoor space.  Sometimes both can be accomplished but not always.

Pricing for a duplex penthouse can start as low as $1,500,000, but do not expect that to be in a new condominium or with a spacious layout.  Duplex Penthouses in a luxury condominium will typically begin in the $3,000,000 range and can easily achieve in upwards of $15,000,000 or more depending on size, views, and building.   Often some of the most expensive real estate in New York City is that of a duplex penthouse condominium where asking prices can be well north of $25,000,000.

Call us today at (917)837-8869 or email us to set up a private and personalized consultation to discuss the Manhattan Condominium penthouse that you are looking to buy.(http://manhattannypenthousesforsale.com/contact-us/)

Manhattan New York One Bedroom Penthouse Condominium

The One Bedroom Penthouse Condominium is going to make up the smallest percentage of penthouse condominiums for sale in Manhattan New York.  Most penthouse condominiums in New York City are quite simply more spacious in size.  A penthouse is usually going to start out in the two bedroom category and increase in size from there.  Reason being is that the demand for these types of trophy apartments are for larger spaces.

Where are you going to find a One Bedroom Penthouse Condominium for Sale in New York City? Typically in a new development condominium building.  Most new development condominium buildings are being built and marketed to have multiple “Penthouse” Floors.  It could be the top 2 floors or maybe as generous as the top 4 floors are designated penthouse levels.

The condo units on these “Penthouse Floors” are usually larger, more unique layouts, more outdoor space, optimal views and exposures than the standard floors in the same building.  You can usually spot a building that has multiple penthouse floors by the way the apartments themselves are numbered.

These condo units are usually named PH1-A, PH2-A, PH3-A.  The PH represents the Penthouse Designation, the 1,2,3 represent the penthouse floor it is on and the last Letter represents the individual apartment unit.   If you are looking for a One Bedroom Penthouse for sale in Manhattan New York more than likely the apartment itself won’t be on the very top penthouse floor as those will be for the larger apartments. However your penthouse apartment will more than likely be larger, have distinguishable characteristics that other apartments in the building do not have.

Expect pricing for a One Bedroom Penthouse Condominium to start at $1,000,000 USD, but pricing can easily reach $2,000,000-$3,000,000 for a luxury new development condominium with exceptional features including large amounts of outdoor space, panoramic views, loft like proportions.

We are very experienced in the luxury Manhattan condo market, therefore we understand and know penthouse buyers’ needs and have successful working experiences in catering to our buyers needs.

Contact us at (917)837-8869 or email us (http://manhattannypenthousesforsale.com/contact-us/) to discuss your Manhattan New York Penthouse search whether is for one bedroom Penthouse or other unique Manhattan New York penthouses.

Visit http://manhattannypenthousesforsale.com/ for other unique penthouses information, or call (917)837-8869 for your specific inquiries.

We are New York city Condo specialists, we are full time Real Estate agents that specialize in Manhattan Condominium market. We work with many out of state investors and buyers that would like to acquire a Manhattan New York condo as part of their investment portfolio.

We often have a check list of basic steps to educate the buyers as to how to get started. Here is a good check list:

• If you plan on financing, please consult with a reputable lender or mortgage consultant to see how much can you finance in today’s market. In today’s market, lending guidelines are changing by the day, it is in your best interest to see what will it take to qualify for a loan.
• Do speak to your banker if you have money in bonds and money market. Find out how many days will it take to liquidate your funds so you know once we have a verbally accepted offer. Often in Manhattan New York market place, the seller seeks 10% of the sales price as down payment at the time of signing contract. With that being said, if you are buying $1M Manhattan condo, you will need $100,000. at contract signing.
• Do your homework on finding an Real Estate agent to work with. What is it that you are looking to buy? You want to find an agent that is familiar with the product that you are interest in buying. We are very well versed in Manhattan New York market, we have sold many Manhattan New York condos to first time home buyer, first time investors, foreign internationals, parents buying for children and many serious and motivated buyers. A Condo or Co-Op? Uptown or Downtown? Do you speak specific language that you preferred the agent speaks your mother tongue? Do you need an agent that work specifically with foreigners? Go on a search engine such as Google, try type in what you are looking for, and see if any agent shows up on the search result.
• Do Have a reasonable budget of what you are looking for. Manhattan New York condo starts about $1,000 per square foot, so unless you are looking for a 500 SF one bedroom, you will need more than $500K to buy a one bedroom condo. (the price will also depend on the condo unit exposure/view, floor height, renovation and overall condition. In addition, the building amenities, such as fitness center, residents lounge, roof deck, basketball court, swimming pools will also add onto the sales price of the condo)
• Do speak to an accountant to see if you need to structure the purchase in a specific way to enjoy the tax deductible benefits of buying a Manhattan Real Estate. If you are a first time home buyer, is it beneficial to co-purchase the condo unit with your parents or alone; If you are an foreigner, is it better to buy it under your own name or start an LLC?; If you are an out of town investor, is this purchase going to be an investment property or?
  
• Do have a Manhattan New York Real Estate attorney ready. Manhattan Real Estate transaction requires each buyer and seller to have an attorney representing them in drafting and finalizing the contract. A good attorney can save you headaches, money and risks, we can refer attorneys to you so you can call and interview. Explain to the attorney what you are planning to do, and see which attorney you feel most comfortable to work with.
  

Manhattan Real Estate market is very unique and different than any part of the world. We are extremely experienced and knowledgeable when it comes to finding the right Manhattan New York condo for our buyers. Contact us today at (917)837-8869 and we can discuss in private what you are looking for.

This past week we have work with a video-photographer and created a video that showcase the condo building Dorchester Towers Condo.

We wanted to show our neighborhood of Lincoln Center Upper West Side Manhattan New York and some highlight of our Dorchester Towers Condo at 155 West 68th Street.

We shot few scenes around Dorchester Tower and roof deck, then we walked along the building to show the immediate neighborhood of this building. We enjoyed the process in making this video, please check out the video and let us know what you think.

Dorchester Towers Condo 155 West 68th Street New York NY 10023 from Eileen Hsu on Vimeo.

To find out more about Dorchester Towers Condo, visit the building website we created at:

http://dorchestertowerscondo.com/

For Dorchester News & Updates: http://dorchestertowerscondo.com/news-updates/

For Market Report: http://dorchestertowerscondo.com/category/market-report/

Call us (917)837-8869 to discuss your Dorchester Towers Condo unit.

SUNDAY OPEN HOUSE (2/12/2012)--Beautiful one bedroom at 242 East 25th Street New York New York 10010

242 East 25th Street building is a newly constructed building located conveniently in Kips Bay that is close to restaurants, cafe, grocery and transportation.   

 (One Bedroom/One Bathroom, approximately 712 Square Feet, Offering Price $559,000)

 This South Facing one bedroom has floor to ceiling sundrenched windows, efficiency floor plan with generous closet space, stainless kitchen appliances and its own washer/dryer.

242 East 25th Street building has part time doorman, fitness center, roof deck and live-in superintendent to keep the building in excellent condition. 

The building is perfect for parents buying for children, investor or someone who loves Downtown living. This is a condop (coop with condo rules), so there is no board interview and condo sublet policy.

Come to open house SUNDAY 2/12/2012 or Call today (917)837-8869 to schedule a showing today.

Greenwich Village One Bedroom Condo for Sale Market Report

Greenwich Village in New York City has and continues to be one of the most in demand neighborhoods.  A rich cultural history, aesthetically pleasing tree lined streets, near to multiple universities,  in the heart of downtown Manhattan, restaurants, shopping and entertainment all within a close distance.  It’s also a neighborhood that is made up of predominantly cooperative apartments when it comes to Real Estate.  For those looking for a condominium apartment, there really are not that many choices.

Condominiums for sale in Greenwich Village is one of those searches that are going to lead you to the same group of buildings and an even more focused search if you are looking for a new construction condominium in Greenwich Village or a Pre-war condo for sale in Greenwich Village.  Those searches are even more focused to just a handful of buildings.

The One Bedroom Condo for sale in Greenwich Village is one of the most sought after types of searches that we continually receive from buyers.  The location near NYU, Parsons, Stern Business School, SVA, make the neighborhood prime for the entry level 1 bedroom condo for sale market.  New construction condominiums are very difficult to build within the neighborhood due to neighborhood building restrictions and limited development sites, so the condominium market is limited.

With this limit comes with it a tight supply, the built in high demand and the result is pricing for a One Bedroom Condo for sale is going to start in the $900,000 range and quickly go up from there.

Pricing and Inventory for One (1) Bedroom Condominiums for Sale in Greenwich Village :

As of the end of January 2012, I only see Eight (8) One Bedroom Condos for Sale in Greenwich Village.  That is a tiny amount of inventory, when considering the market as a whole.

The pricing ranges on the low end of $1,150,000 up to $2,200,000.  The range in pricing is reflected in the building the apartment is located in, the size of the apartment, views and the condition.  I see condition playing a huge role in pricing right now.  Move in condition or recently renovated apartments sell at a premium and sell quickly.  
To give you an idea of the One (1) Bedroom Condominiums for Sale in Greenwich Village Market, in 2011 I see that approximately 25 apartments sold.  The average price was a little more than $1,100,000 and the average price per square foot was about $1,300 sq/ft.
These numbers reflect a variety of types of apartment, so depending on your own individual search, pricing will vary.

If you are looking to buy for yourself, a family member or as investment a One (1) Bedroom Condominiums in Greenwich Village NYC and would like help with your search contact us today at (917) 837-8869 or email at Morgan.Evans(a)Elliman.com

Read other useful blog posts about Greenwich Village below.

Greenwich Village New York Condos near NYU (New York University)

Greenwich Village Prewar Condos

Gem-Greenwich Village Townhouses

Last night was our company Prudential Douglas Elliman Award show celebrating the hard work of top producers in the company.

The award was hosted in Cipriani 42nd Street, it is a beautiful venue with the perfect lighting to show off its high ceiling and architecture details.

We were awarded with Chairman Platinum Award by Prudential Douglas Elliman, this award is for top agents gross commission income over $450,000-$749,000 in the year of 2011.

We worked hard in 2011 for both sellers and buyers equally.

Sellers enjoyed working with us because of our aggressive marketing, efficient communication, and direct approach in setting the expectation of the successful selling process.

Buyers love working with us because we listen to their needs and we guide them every step of the way of this unique market place. We are constantly updating our buyers with market inventory availability and the best way to secure the home that they want in this competitive market.

We have sold all of our listings for our sellers, and we have sold in all neighborhoods in Manhattan New York. We sold condos to international investors, vacation home seekers, parents buying for children and other buyers who seek to have a condo in Manhattan New York.

If you are ready to purchase a condo in Manhattan New York, contact us today.