Manhattan Condo Living

Gramercy Starck Condo Rentals FAQ.

Why Rent at Gramercy Starck? Gramercy by Starck condominium is one of those buildings that makes a statement. If you don't like those plain vanilla cookie cutter rental buildings you are going to love Gramercy Starck. Unlike most rental buildings there is a high level of finishes and amenities that hard to find elsewhere. When you walk in and are face to face with the huge Renaissance portrait and standing underneath the mega-lampshade-chandelier you know where you are at. The apartments are outfitted with high end appliances, washer/dryers in ALL of the the units, and full access to all of the amenities without any additional costs.  You will have full access to the completely outfitted fitness room with sauna and steam rooms in the his and her locker rooms.

Gramercy Starck Condo Rentals Frequently Asked Questions:

1. Who is the management company? Douglas Elliman Property Management is the current manager of the building.
2. How soon can I move in the Gramercy Starck Rentals? Gramercy Starck Condominiums has an application process.  This application process can take at the very minimum two weeks up to 30 days depending on how quickly the application is submitted with all of the necessary documentation and board approval.  So if you call us today looking to move in tomorrow or a few days from now, we won't be able to accommodate.
3. How much is the security deposit and is it first and last months rent upfront? There is no umbrella answer to this question as each owner will have a different requirement based on their preferences and your   but generally expect at least the first months rent upfront and at least 1 months security.

1. Is Gramercy Starck Rentals pet friendly? As of now, Gramercy Starck is pet friendly, but the individual owner of the condominium may not be, so it depends, call us to find out if the type of apartment you are interested in is pet friendly or not?
2. Are they any other fee's involved with Gramercy Starck Rentals? I am going to outline the application fee's involved in renting, there is a $50 credit application fee, a $1,000 move in deposit that is refundable if no damage takes place at the time of move in.
   

1. What about the broker fee? Again, there is no umbrella answer to this question because you will be renting directly from an owner, this is not a big management company, so there will more than likely be some type of broker's fee involved, whether you or the owner is paying it.  The structure of the broker's fee will be dependent on each apartment, this is something that we will be able to tell you once we know we know what you are looking for.

How do you get a hold of us to talk about your future about Gramercy Starck Rentals? ****You can email us directly at Morgan.Evans (@) elliman.com or call us at (917) 837- 8869.****

To read more about Gramercy Starck Rentals and Sales:

1. Gramercy Starck : January 2010 Report
2. Gramercy Starck Rental and Sales Expert
3. http://www.GramercyStarckRentals.com

For a complete list of the current Gramercy Starck Condo Rentals or for sale or rent in Downtown Manhattan call Morgan Evans (917)837-8869 for further details.

Gramercy Starck Condominium Sales and Rental Experts

Gramercy Starck Condominium located at 340 East 23rd Street New York NY 10010 designed by world renowned designer Philippe Starck. Philippe Patrick Starck is a French Product designer and probably the best known designer in the New Design style. His designs range from spectacular interior designs to mass produced consumer goods such as toothbrushes, chairs, and even houses.

Gramercy Starck Condominium is a 21-story, 207 -unit development built in 2007.  Many of our foreign buyers and savvy investors have purchased multiple units in this high amenities building. We have both sold and leased multiple size of units from one bedrooms, two bedrooms, skyhouses and penthouses.  This is a building that was very well received by many European buyers because of their admiration for Philippe Starck extended to Starck's Real Estate creation.

Gramercy Starck Condominiums Sales and Rentals

Why Rent at Gramercy Starck?

Gramercy by Starck condominium is one of those buildings that makes a statement. If you don't like those plain vanilla cookie cutter rental buildings you are going to love Gramercy Starck. Unlike most rental buildings there is a high level of finishes and amenities that hard to find elsewhere. When you walk in and are face to face with the huge Renaissance portrait and standing underneath the mega-lampshade-chandelier you know where you are at. The apartments are outfitted with high end appliances, washer/dryers in ALL of the the units, and full access to all of the amenities without any additional costs.  You will have full access to the completely outfitted fitness room with sauna and steam rooms in the his and her locker rooms.

Gramercy Starck Condominium Frequently Asked Questions

Is Gramercy Starck pet friendly?

As of now, Gramercy Starck is pet friendly, but the individual owner of the condominium may not be, so it depends, call us to find out if the type of apartment you are interested in is pet friendly or not?

How soon can I move in?

Gramercy Starck Condominiums has an application process.  This application process can take at the very minimum two weeks up to 30 days depending on how quickly the application is submitted with all of the necessary documentation and board approval.  So if you call us today looking to move in tomorrow or a few days from now, we won't be able to accommodate.

How much is the security deposit and is it first and last months rent upfront?

There is no umbrella answer to this question as each owner will have a different requirement based on their preferences and your   but generally expect at least the first months rent upfront and at least 1 months security

What about the broker fee?

Again, there is no umbrella answer to this question because you will be renting directly from an owner, this is not a big management company, so there will more than likely be some type of broker's fee involved, whether you or the owner is paying it.  The structure of the broker's fee will be dependent on each apartment, this is something that we will be able to tell you once we know we know what you are looking for.

Are they any other fee's involved with renting?

I am going to outline the application fee's involved in renting, there is a $50 credit application fee, a $1,000 move in deposit that is refundable if no damage takes place at the time of move in.

Who is the management company?

Douglas Elliman Property Management is the current manager of the building.

How do you get a hold of us to talk about your future apartment at Gramercy Starck?

****You can email us directly at Morgan.Evans (@) elliman.com or call us at (917) 837- 8869.****

To read more about Gramercy Starck:

1. Gramercy Starck Rentals: Featured 2 bedroom/2 bath 
2. Gramercy Starck : January 2010 Report
3. Gramercy Starck Rental and Sales Expert
4. http://www.GramercyStarckRentals.com

For a complete list of the current apartments for sale or rent at Gramercy Starck or for condominium apartments for sale or rent in Downtown Manhattan call Morgan Evans (917)837-8869 for further details.

This is part IV of Buying Manhattan New York Condo Must Read -FAQ edition. Please read through our  in this series, we will discuss address some common questions of buying Manhattan New York Condo as Foreign Nationals and first time investors . We are Manhattan Condo Specialists, we help finding suitable condos for first time investors, parent buying for children and foreigner nationals buyer buying in Manhattan New York. We know the market but we also understand the specific needs of each type of buyers.

Buying Manhattan New York Condo, who pays the agent fee? in Manhattan New York, the buyer's agency fee is pay by the seller.

After Buying the condo, how much is monthly property management fee to oversee the condo, deal with renter issues? property management fee varies, depending on the mangement, some charges a flat fee, some charges 10% of the monthly rental.

As 2010 wrapping up second quarter, do we (the active Real Estate professionals) expect Manhattan to go down more? It is hard to make any prediction, as we are seeing the sales activites now are increasing up to 2008 sales volumn. If you are looking at high demand areas, the price adjustment from the peak of the market are marginal since there is less supplies and inventory.

In Manhattan Real Estate market, how long it takes to rent out an apartment unit? this depends on the price of the rental unit, time of the year and market inventory. Rental market in New York is very seasonal, Spring to Summer time is busiest season, Winter is the slowest. Average is about 3 months not to include the 30-45 days of each condo managment paperwork approval process.

what fees are associated with renting out / buying / transaction costs? Renting out costs will depends on the building. It can vary from $500-$3,000 for the different application fees. Buying costs it depends on if you plan to finance or not. If all cash, the approximate cost can be 1% if you purchase a resale unit, if from sponsor such as new construction then 2%+. If financing, add 2% more to previous mentioned % due to bank fee and mortgage recording tax.

What is the timeframe to close on a property? Here in Manhattan New York, the timeframe to close is longer than other States, if the purchase is all cash, no bank involved, the quickest we can close is 30-45 days (Co-Op up to 90 days or longer). Once the contract is signed, the buyers have to complete a board package (for either a Condo or Co-Op) and then the package gets submit into condo board to review. Once the package is approved, the schedule of closing can happen.

If I decide to finance, what is the equity the US banks require?  Financing for foreigner requires up to 50% or more cash down payment and other restrictions. Foreigners always pay a higher rate tha US citizens/permanant residents. (http://activerain.com/blogsview/1628460/foreigner-buying-in-manhattan-nyc-part-3-financing-options-for-foreign-buyers)

• First Time Buyer in NYC: Steps to Purchasing a NYC Apartment
• How to Buy a Manhattan New York Condo (Part IV) as Foreign Nationals
• Manhattan Relocation Buyers Must Know (Part Two-Know what you are Buying)
• How to Find a Good NYC Rental Apartment
• Buying Manhattan New York Condo Must Read Part I - Parents Buying for Children
• Buying Manhattan New York Condo Must Read Part II- First Time Investor
• Buying Manhattan New York Condo Must Read Part III- Foreign Nationals

We are both English and Chinese Speaking Real Estate agents under one of the most successful Manhattan Brokerage firm Prudential Douglas Elliman with extensive market knowledge. We specialize in first time investors and foreign buyers investing in Manhattan Real Estate, we have assembled a team of mortgage experts, Real Estate attorneys and tax accountants to faciliate each and specific needs of our buyers.  In addition, we specialize in connecting the local Manhattan sellers with both local and international buyers with our preferred buyer networks. Call us today at (646)644-6929 or EileenHsuNYC(@)gmail.com

Seward Park Cooperative

The Seward Park Cooperative is one of the most established cooperative complexes in the Lower East Side of Manhattan.  The Seward Park Cooperative is made up of four 20 story buildings of roughly 1700+ apartments.  The buildings were designed win a way that all the apartments and buildings have views of midtown Manhattan(Empire State) downtown, and the iconic New York city bridges and waterways.  The complex located next to Seward Park and in the Lower East Side takes advantage of all the neighborhood has to offer: noteworthy restaurants and cafes, shopping, food stores, nightlife and shopping.

The actual complex has a laundry list of amenities:

24-hour, fully equipped, state-of-the-art fitness center · 24-hour attended lobby · 24-hour laundry room · Hardwood floors · Spacious closets · New elevators · Private children's playroom · Brand new park, including water park for kids · District 1 and 2 schools · Centrally located. Adjacent to F, J, M, Z trains; M9, M14, M22 bus; East Village, Little Italy, Chinatown, bank, post office, shopping, New York Public Library · Maintenance includes gas, water, and heat.

The apartments at Seward Park are some of the most spacious and value based apartments in the neighborhood.

Studios-Start around $300,000

1Beds-start around $475,000

2 Beds-Start around $600,000

3 or 4 Beds-These are usually combined apartments prices and size vary

If you are interested in buying or selling an apartment at the Seward Park complex contact me today for a consultation at morgan.evans(@)elliman.com or at (917)837-8869.

Copyright Seward Park Cooperative 2010

I am a Chinese Mandarin speaking Real Estate agent here in Manhattan New York. I have a team of specialists that faciliate different needs of the buyers. In the recent few weeks, the news is out that Manhattan Real Estate has adjusted its price and I have been receiving many phone calls from many Chinese Canadian buyers.

As a Chinese speaking Real Estate agent, I often receive phone calls from Canada, California or other parts of the world asking about the Manhattan New York Real Estate market. Compared to the height of the market, some parts of Manhattan New York has adjusted its price more than other parts of Manhattan. If the neighborhood is central and popular, such as Union Square, Soho, Greenwich village, and etc, the prices adjusted in single digit more than others such as Midtown West or Midtown East. As a buyer, if you have been thinking about investing in Manhattan Real Estate market, this is your opportunity.

In the recent days, I have worked with many Chinese Canadian buyers looking at different parts of metro area of New York. Most of the purchase has been parents buying for children with some long term investment in mind. With each buyer's specific needs in mind, we have narrowed down to specific neighborhoods for each buyer. Some of the areas I have taken buyers to were in the recent weeks were: West Village, Greenwich Village, Chelsea, Upper West Side, Williamsburg and Downtown Brooklyn.

As a Chinese mandarin speaking agent, working with Chinese buyers are one of our team specialty. I assembled a team of specialists that facilate very specific needs of the buyers. Such as financing experts for foreign (Chinese) buyers, accountants that will explain tax implications, attorneys that will assist in structuring the transaction to ensure the buyers assets are protected, not to mention working with my team that will introduce you to the best suitable match of investment possible to your specific needs. Call us today at (646)644-6929 or EileenHsuNYC(@)gmail.com

我是Eileen Hsu (許小姐)一個會講中文普通話在這裡房地產經紀人在曼哈頓紐約。我有一個團隊的專家，方便不同需求的買家。在最近幾個星期，消息是，曼哈頓房地產已經調整了價格，我已經接到許多電話，許多加拿大華人買家。

作為華語房地產經紀人，我經常收到電話來自加拿大，加州和其他地區的世界問的是紐約曼哈頓房地產市場。相對於身高的市場，一些地方已調整紐約曼哈頓其價格比其他地方的曼哈頓。如果是鄰里中心和流行，如聯合廣場，蘇活區，格林威治村等，價格調整後一位數比別人多，如市中心城區東或西。作為買家，如果你一直想在曼哈頓投資房地產市場，這是你的機會。

在最近幾天，我曾與許多華裔買家尋找在不同地區都會區的紐約。大多數的父母購買了一些兒童購買長期投資的態度。每個買家的具體需要記住，我們已經縮小到具體的街道為每個買主。我的一些地區已採取買家在最近的幾個星期是：西村，格林威治村，切爾西，上西城，布魯克林威廉斯堡和市中心。

作為一個會講中文普通話劑，正與中國買家之一，我們的團隊專長。我召集了一個小組的專家認為 facilate非常具體的需求的買家。如融資專家（中國）買家，會計師，稅務影響會解釋，律師將協助安排交易，以確保買家的資產得到保護，更遑論工作與我的團隊，將為您介紹最合適投資可能您的特殊需求。我的手機 646 644 6929 或致電發電子郵件 eileenhsu(@)gmail.com.

We are both English and Chinese Speaking Real Estate agents under one of the most successful Manhattan Brokerage firm Prudential Douglas Elliman with extensive market knowledge. In addition, we specialize in connecting the local Manhattan sellers with both local and international buyers with our preferred buyer networks. Call us today at (646)644-6929 or EileenHsuNYC(@)gmail.com

To Read More on buying Manhattan New York city Real Estate Click below links:

1. Made in Taiwan Real Estate Agent
2. http://ChineseSpeakingAgent.com
3. 中文網站: http://www.GoldHouseUSA.com
4. Foreign National Buyers Buying in Manhattan New York city Must Read.
5. Buying Manhattan New York Condo Must Read Part I - Parents Buying for Children (2)

Dorchester Towers Condominium NYC

This spacious Junior 1 bedroom condominium at Dorchester Towers Condominium is the rarely available 21 line, one of the largest studio/1 bedroom lines in the building at 748 sq ft.  The living room alone is over 400 sq ft, the size of the average New York City studio.  The sleeping area has been partitioned off with pocket doors and comfortably fits a California King Size bed and two end tables.  The kitchen has been updated with brand new never been used appliances.  

This Dorchester Towers Apartment is a must see if you are looking for a Junior/One Bedroom Condominium in the Upper West Side. Right now in the Upper West Side the average asking price for a condominium of this size is $869,000 with monthly carrying charges of approximately $1,025/month.

Dorchester Towers Condominium is a full time doorman building located in the prime Lincoln Center area of the Upper West Side.  Building amenities include a concierge desk, separate mail and package room, management on site, live in super, laundry rooms on every floor up to the 22nd floor, a beautiful roof deck for the residents to enjoy, and an on site garage.

Call today (917)837-8869 for an appointment.

To sign up for the Dorchester Towers Reports Click Here!

TO READ MORE OF DORCHESTER TOWERS NYC BELOW:

• Dorchester Towers NYC Condominium-May 2010 Report
• Dorchester Towers NYC Condominium-January 2010 (2009 Year in Review)
• Dorchester Towers NYC Condominium-Feburary 2010 Report

We are in a competitive market, hence working with two agents that live in the building and that specialize in condominium sales will you give you an advantage when it comes time to sell or rent your apartment. Our approach to selling your apartment is intentionally unique.  We use strategies that most real estate agents do not use.  If you are interested in hearing our proposition, contact us immediately to see how we can help you achieve your goals.
For a complete list of the current apartments for sale at the Dorchester Towers Condominium or for condominium apartments for sale in the Upper West Side call Morgan Evans or Eileen Hsu (917)837-8869 for further details.

Call today (917)837-8869 for an appointment. (http://www.DorchesterNYCBlog.com)

We work with many foreign buyers including United Nationas Status buyers, some are from out of town and would like to buy a piece of Manhattan Real Estate as long term investment, some buyers are looking for a second home when they are in town, some are relocating to Manhattan New York for career, and some are relocating here because they work for the United Nations.

United Nations status buyers are diplomats and some are United Nations employees, they all have different visa status, and as we navigating through the maze of Manhattan Real Estate, it is important to establish a clear understanding of their visa status to narrow our search as to what building/condo or co-ops will work for each buyer.

United Nations status buyers and their Price Range - Manhattan housing market consist of Condominiums, Co-operatives and Townhouses. The differences between each housing product is explained in detail in our other blog series. To briefly explain, buying a condominium is compared to buying a single family house, you are buying a real property. On the opposite end, buying a co-operative, you are buying a share of a cooperation, where there is a board of directors that will decide all the rules and if you plan to sublet or renovate the apartment within four walls, you will need the approval of this board of directors. Condominiums price starts about $1,000 per square feet, and Co-operatives starts about $500 per square feet, the prices are determined by location, condition, exposure, and the market condition and inventory. As United Nation status buyers, there are only few Co-operatives will accept United Nations status buyers, Co-Operatives tend to shy away from non-United State citizens or no permanant United States residents. However, each Co-operatives have their specific house rules and policies, contact us and we can help you check each single building before you start your search to avoid wasting time. On the other hand, condominiums welcomes foreign buyers with or without UN status.

United Nations status buyers and Financing Options - To obtain financing in United States, lenders requires the borrowers to have minium United States credit history up to two years. Many United Nations status buyers have United States credit history, The ones with credit history, there is a possibility finding financing through major lenders. If not, United Nations do have their own credit union that allows the UN buyers borrow money through their own banks. If you are a United Nations status buyers, please contact us and we discuss your specific status to see if financing is an option for you.

We are experts in assisting foreign buyers including United Nations status buyers in finding their perfect Manhattan Real Estate. Contact us by email at ehsu(@)elliman.com or Morgan.Evans(@)elliman.com or (917)837-8869 to receive prompt assistance.

Read more about our expertise in the blogs series below:

• Foreigner buying in Manhattan NYC Part 1: basic knowledge of Condo vs. Coop vs. Condo-op
• Foreigner buying in Manhattan NYC Part 3 - financing options for foreign buyers
• Foreigner buying in Manhattan NYC Part 2 - Steps to Purchasing an Apartment
• How to Buy a Manhattan New York Condo (Part I) as first time home buyer
• How to Buy a Manhattan New York Condo (Part II) as first time investor
• How to Buy a Manhattan New York Condo (Part III) as Parents Buying for Children
• Dos and Don't before you buy Manhattan Real Estate!

CALL US TODAY at (917)837-8869 or (646)644-6929 to discuss your specific Real Estate needs.  

Gramercy Starck Rentals at 340 East 23rd St- Summer 2010 Report

At Gramercy Starck you will be greeted by the 24-hour doorman in the Starck designed entrance lobby. The second floor has the 3,000 square foot lounge where you will be able to relax in the library, watch your favorite movie in the screening room, entertain in the billiards room, or relax out when you open up the doors from the lounge to an over-sized landscaped outdoor deck. The lower level houses the fitness room, saunas, storage, and laundry facilities.

Right now we have two applications pending board approval for rentals in the building and are showing customers this week. The summer rental season like usual is one of the busiest times of the year.

At Gramercy Starck, If that's not enough go up to the roof deck and relax in one of the cabanas. Right now there are a number of rental choices at Gramercy Starck in a number of categories. One of the features of Gramercy Starck that make living here and renting here a unique situation is the variety of types of apartments in the building. You don't just have studio's, 1 bedrooms, 2 bedrooms and 3 bedrooms because there are also duplexes and Penthouse apartments available. There is something for everybody, especially if you are looking for a more dramatic space.

To contact us about any of these Gramercy Starck apartments and receive a reply in the next few minutes, reach me on my blackberry at morgan.evans(@) elliman.com

• Studios-Starting at $2200 to$2700
• 1 Bedrooms-Starting at $3250 to $3600
• 2 Bedrooms-No Two Bedroom currently on the market but typically start at $5000
• 3 Bedrooms-Right now just the Top Floor Penthouse Unit for $15,000 is available

Commonly Asked Questions:

Are short term rentals available?

The building requires 1 year minimum leases, so a short term rental is not possible within the building by-laws.

Are pets allowed?

The building allows pets, but each individual owner might not.

Is there a broker fee?

This is a very commonly asked question, this is a condominium building and you will be renting from an owner not a management company.  So typically if the apartment is listed through a brokerage company there will be a broker fee involved, this fee varies but can be anywhere from 1 month broker to 15% of the first years annual rent.  Each apartment will be different.

How do you get a hold of us to talk about your future apartment at Gramercy Starck?

****You can email us directly at Morgan.Evans (@) elliman.com or call us at (917) 837- 8869.****

To read more about Gramercy Starck:

Gramercy Starck Rental Report: January 2010

Gramercy Starck Rental and Sales Expert

Gramercy Starck : January 2010 Report

For a complete list of the current apartments for sale or rent at Gramercy Starck or for condominium apartments for sale or rent in Downtown Manhattan call Morgan Evans or Eileen Hsu at (212)321-7122 or (917)837-8869 for further details.

**Copyright Gramercy Starck Rentals Summer Edition**