Overall Thoughts for 2011 Sales at Dorchester Towers Condominium:
As selling agents for many of the apartments in 2011, we saw a tremendous amount of activity for well priced apartments in the studio to one bedroom sizes. We have aggressive marketing plans and extensive knowledge of the building. Our extensively marketed open houses were full and offers came in quickly.
In Dorchester Towers Condo, The condition of the apartment was a huge factor. Newly renovated apartments sold for a premium compared to the somewhat renovated or the original condition apartments. Second behind condition was the view and floor. Prices compared to the 2010 Market Report inched up just a little bit. Both the studio and one bedroom layouts saw an increase of about 1%. Compare this to the 2011 Market Reports that came out from the major Manhattan real estate companies that indicated the overall volume of sales in 2011 were off approximately 10%.
Below are some actual sales datas for 2011.
Alcove Studio/Junior 1 Bedroom-Dorchester Towers Condo
| Floor of Unit | Sold Price | Asked Price | Size* | Price Per Sq Ft |
| 4 | $660,000 | $725,000 | 603 | $1094 |
| 7 | $650,000 | $688,000 | 748 | $868 |
| 17 | $582,000 | $595,000 | 549 | $1060 |
| 9 | $575,000 | $595,000 | 546 | $1053 |
| 2 | $570,793 | N/A | 529 | $1079 |
| 7 | $490,000 | $495,000 | 545 | $899 |
One Bedroom-Dorchester Towers Condo
| Floor of Unit | Sold Price | Asked Price | Size* | Price Per Sq Ft |
| 8 | $720,000 | $750,000 | 693 | $1038 |
| 18 | $680,000 | $799,000 | 617 | $1102 |
| 5 | $645,000 | $689,000 | 600 | $1075 |
| 15 | $625,000 | $625,000 | 601 | $1039 |
Junior 4-Convertible 2 Bedroom
| Floor of Unit | Sold Price | Asked Price | Size* | Price Per Sq Ft |
| 2 | $950,000 | $1,050,000 | 902 | $1053 |
| 15 | $860,000 | $950,000 | 874 | $983 |
| 3 | $1,050,000 | N/A | 975 | $1077 |
Two Bedrooms with dining alcove area (Convertible Three)
| Floor of Unit | Sold Price | Asked Price | Size* | Price Per Sq Ft |
| 23 | $1,160,000 | $1,694,000 | 1174 | $988 |
We contribute this to Dorchester Tower being in the prime Lincoln Square area of the Upper West Side. Inventory levels are still very low for condos in this area and especially in the price range where most condos for sale in Dorchester Towers come on the market.
Click on below links to see other size apartment market report:
Part I: Dorchester Towers Condo Alcove Studio and Junior One bedroom
Part II: Dorchester Towers Condo- One Bedroom
Part III: Dorchester Towers Condo-Two to Three Bedroom convertibles
There are lots of other agents who may have sold or rented one unit in Dorchester tower in their Real Estate career, but that does not mean they have the most updated and intimate knowledge of this ever changing Real Estate market especially within this specific building.
In this consumer savvy and an immediate need for information days and age, it is most beneficial for owners to work with agents like ourselves who specialize in Dorchester Towers and be the advocate for you when you decide to sell or lease your Dorchester Tower units.
We can be reached at (917)837-8869, contact us for a fair market evaluation of your condo unit today.
We have omitted the exact apartment number to give the current owner’s some sense of anonymity. However if you want to know the exact apartment, what view, condition and any other pertinent information contact us at (917) 837-8869 or email at us here: http://dorchestertowerscondo.com/contact-us/
*All information regarding a property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.
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Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)
We specialize in Manhattan New York Condominiums, townhouses, condops and cooperatives. We are condominium residents ourselves so we understand the Manhattan New York condominium community. We also enjoy all Manhattan neighborhoods, especially Upper West Side, Lincoln Square, Midtown East, Murray Hill, Financial District, Chelsea, Fifth Avenue, Greenwich Village, Nolita and etc just to name a few. If you or you know someone that may be interested in selling, buying or leasing their Manhattan New York condo, call us today (917)837-8869 or (646)644-6929 and we can discuss your specific Real Estate needs in private. Thank you.
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