condos: Manhattan Condos with Pools: Lincoln Square, Columbus Circle, Hell's Kitchen - 12/16/12 04:54 AM
Manhattan Condos with Pools | Condos with Pools in Lincoln Square | Columbus Circle | Hell's Kitchen Last year I published a popular blog about condos with pools on the Upper West Side. Due to the popularity of that post, I was asked by buyers to expand the post to include more neighborhoods and more Manhattan buildings with pools. Since most Manhattan apartment buildings are pre-war they were rarely built with pools. Today many new large construction developments are including pools, so there are more pools in more condos and condops in more Manhattan neighborhoods than ever before. While a pool … (18 comments)

condos: REASONS TO BUY NEW CONSTRUCTION IN MANHATTAN in 2012 - 12/31/11 09:09 AM
TOP 10 REASONS TO BUY NEW CONSTRUCTION IN MANHATTAN 1 THERE HAS NEVER BEEN A BETTER TIME With fewer developments on the market, interest rates at historic lows, and the last chance to secure 421a tax abatement's. 2 BRAND NEW EVERYTHING Be the very first to live in your home and enjoy brand new infrastructure throughout. 3 COMPETITIVE PRICING Developers have a realistic understanding of the market and prices to match. 4 EASE OF OWNERSHIP Benefit from a hassle-free purchase process with no board packages, and use your residence however you want—live, rent, or pied-à-terre. 5 INTELLIGENTLY DESIGNED Modern room proportions, … (3 comments)

condos: Guarantors and Parents buying homes for Children - 11/28/11 09:41 AM

Over the years I have sold and rented many apartments where a guarantor was needed. I have also sold apartments where parents and/or trust funds bought the apartment outright for an adult child or beneficiary.
In a condo it is very simple. A parent can buy for an adult child. A corporation and or a trust can buy a condo. Some condos have applications but many don't or have very simple applications. I recently had a condo transaction where the couple obtained a mortgage from their parents. As far as the seller, listing agent and the condo were concerned it … (2 comments)

condos: The Dillon: Market Update Townhouse Units - 11/26/11 11:14 AM
The Dillion - Clinton/Hells Kitchen - New Condo Development The Dillon, a new development, 83-unit condominium at 425 West 53rd Street between Ninth and 10th avenues, had a broker party recently to debut its townhouse units and showcase its penthouses. Walls are angled to draw the eye out and through. The building’s rippled exterior allows for views westward, towards the river, and to the iconic eastern cityscape. The  designer apartments' walls, hand-painted by New York painter Mark Chamberlain in colorful stripes and honeycomb patterns. BMWs were temporarily on display in the garage to show off the underground parking. Developed by SDS … (3 comments)

condos: Manhattan Neighborhood: Central Park South - 09/30/11 10:20 AM
Central Park South
Midtown Central, 59th Street from Fifth Avenue to Eighth Avenue. 
 
Central Park South is short, however, for only three blocks there are co-ops and condos offering perhaps the most famous views of Central Park -- trees framed by the skyline of Central Park West on one side and Fifth Avenue on the other.
 
Whether you’re looking for a full-time home or a doorman pied-à-terre, prestigious hotels such as the Plaza and the Ritz-Carlton are offering condominium residences for sale; neighboring Columbus Circle buildings like the Time Warner Center have similar stunning luxury properties for sale and … (7 comments)

condos: Verdi Square- Upper West Side Condo Apartments - 09/25/11 09:29 PM
Verdi Square Broadway and Amsterdam Avenue between West 73rd Street and West 73nd Street on the Upper West Side.
Verdi Square is a small triangular shaped piece of land with the Giuseppe Verdi statue (opera singer) enclosed by fencing on the Upper West Side of Manhattan.
In the early 1900s the square served as a gathering place for musicians, including Enrico Caruso, Arturo Toscanini and Igor Strativinsky.

In 1974, Verdi Square was designated a Scenic Landmark by the Landmarks Preservation Commission, one of only nine public parks to receive this distinction.
When I first moved to the Upper West Side, … (5 comments)

condos: Green Condos in Manhattan - 09/22/11 08:15 AM
Green Condos in Manhattan
Many Manhattan Condo buyers are going green. LEED certified homes combine systems that together create a holistically green building that is much more than energy savings. Energy, indoor air quality, water consumption, sustainable sites, landscaped roofs all create an envornmentally friendly building.
To receive LEED certificate a building has to earn 26 of 69 points on a scale created by the (LEED) Leadership in Energy and Environmental Design, the country's most popular green benchmark. Certification of silver, gold or platunum can happen up to a year after the building is completed. Green buildings are required to be … (6 comments)

condos: What is a Condop? - 09/20/11 10:10 AM
What is a Manhattan Condop ?
A condop is a residential building or portion that includes cooperative and condominium ownership structure. The condominium has a residential cooperative unit separate from the commercial unit and or garage unit. During the late 1980's several new developments were built as "condops" they were "hybrids" because the developer had an underlying mortgage on the residential portion of the project. The residential unit is legally a cooperative. Owners are shareholders in a corporation.

A condo can not have an underlying mortgage. I was an original owner/shareholder in one of the first luxury condops constructed on … (20 comments)

condos: Neighborhood Report: Apartments on Central Park West - 09/15/11 04:24 PM

View from 25th Floor San Remo Tower Penhouse
Central Park West runs along Central Park from west 59th street to West 110th street. The 8th Avenue subway B & C trains run along Central Park West.
Upper West Side zoning does not permit buildings to be taller than approximately 20 stories between 72nd and 96th Streets except the Art Deco Twin Tower buildings from the 1930's on Central Park West. The set back towers can go up to 30 floors.
The buildings are mostly pre war buildings. The Upper West Side's Central Park West is home to some extraordinary buildings. … (11 comments)

condos: Manhattan Living: Brownstones to Glass Mansions in the Sky - 05/04/11 12:46 PM
From Brownstone and Limestone to Brick, Concrete, Steel and Glass
Manhattan Residential Architecture from the 19th Century to the 21st Century
 
19th Century
New Yorkers lived in townhouses during the 19th Century. Single Family Townhouses and Mansions were made of Brownstone and Limestone. The Townhouse Market today is very desirable as single family homes and multi-family income producing rental buildings for investors.


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Townhouses Upper West Side                                              West 88th Street Townhouse asking $7.5M 
The luxury apartment house was actually invented in … (11 comments)

condos: Selling Manhattan "AS IS" Caveat Emptor (let the buyer beware) - 03/25/11 11:47 AM
I usually preface my blog posts and comments with the statement: "Real Estate is Local." Laws vary from state to state. Real estate practices vary from state to state. Real estate practices vary within a state. New York City has many of it's own laws and regulations and Manhattan is a unique place in the real estate Universe. New York is a *Title state many other states are **Escrow states.
In Manhattan we sell properties "AS IS." What does  "AS IS" Condition Mean?
Contract contains "as is" language - "official notice" of the property's condition. The purchaser must rely upon its … (11 comments)

condos: Condos and Condops on Upper Broadway on The Upper West Side - 02/09/11 11:53 AM

Broadway is the busiest boulevard on the Upper West Side of Manhattan. Everything happens on The Boulevard.
Upper Broadway, the hub of the Upper West Side architecturally is an eclectic mix of pre war buildings with modern luxury full service buildings.
The most famous condo on Broadway,The Ansonia is Broadway's most opulent structure. When The Ansonia opened in 1904 it was called: "The most technologically advanced apartment house in the world"
Apthorp Apartments, the elegant full-block apartment complex built by the Astor family for the New York elite has converted its 163 apartments to condominiums. The landmark 1908 building has … (10 comments)

condos: Manhattan Real Estate Q&A: What is a Restrictive Covenant? - 01/08/11 08:14 PM
Q: What is a Restrictive Covenant?
A: Manhattan housing is primarily made up of coop and condominiums. Both coops and condos in Manhattan have restrictive covenants.
The legal definition for a restrictive covenant: "A provision in a deed limiting the use of the property and prohibiting certain uses".
Most all condominiums in Manhattan have the restrictive covenant: First Right of Refusal.
Most coops in Manhattan have the restrictive covenant: Right to Refuse.
Many people confuse the two different covenants. First right of refusal means the condominium has the first right of refusal on an offer but they would have to buy the condominium … (6 comments)

condos: Buying? Selling? Renting? Leasing? Have it Your Way in Manhattan, NYC - 11/29/10 11:30 AM
I just read an article in The Real Deal about 10 US cities where it is sensible to rent. According to data compiled by Trulia, NYC ranked number one on a list of national cities that are most ideal for renting. The list was based on home prices vs rental prices. All of the cities where it makes sense to rent have a strong housing market, local economy and good jobs. While it may be a buyer's market in many places, those places with high home costs, renting is a viable option since it will cost less to rent than to … (25 comments)

condos: The Aldyn - 60 Riverside Boulevard - Riverside South - Upper West Side - 09/17/10 06:56 PM

Last night I attended a gala opening at The Aldyn, a new luxury residential 40 story building at 60 Riverside Boulevard on the Upper West Side of Manhattan.
The building will have rental apartments on the second through tenth floors and condominium apartments from the 11th floor through the 40th floor.
Extell, the developer teamed with eight CFDA members for a designer show house called “American Fashion: Designers at The Aldyn.”
The party took place the last night of NY Fashion Week. Each room in the luxury waterfront apartments were designed and unveiled last night by fashion designers including … (6 comments)

condos: Manhattan Market Monthly Snapshot - August 2010 - 09/14/10 08:55 AM

 


I welcome the opportunity to answer any questions about the monthly snapshot or the Manhattan market generally.
Courtesy of:
Mitchell Hall, Associate Broker, The Corcoran Group
Apartment and Townhouse listings by email
How much is your Manhattan apartment or townhouse worth in today's market?
My Listings Testimonials Latest Corcoran Report View My Blog
 
(0 comments)

condos: FHA Loans No Big Deal in Manhattan Because All Real Estate is Local - 08/03/10 10:25 PM
There has been a lot of discussion lately about FHA loans. There have been numerous articles not only in respected publications like the NY Times and the Wall Street Journal, but from local blogs and websites. Many seem to confuse Manhattan with the 4 other boroughs that make up the City of New York. There are many single family houses in Queens and Brooklyn, the Bronx and Staten Island. In Manhattan about 75% of available housing is in rental buildings. Of the approximately 25% of housing available for ownership about 70% are cooperatives.     * FHA does not give loans in … (10 comments)

condos: Speechless Sunday: Real Estate Porn - 07/11/10 09:10 AM

 

 
Only three apartments are still for sale at 535 West End Avenue, the new luxury condominium at West End Avenue at 86th Street.
 
Apartment 16,  6 bedroom 6 bath full floor 6,637 square foot apartment asking $25 million.
 
Apartment 3A,  6 bedroom 5.5 bath 4,396 square foot apartment asking $10 million.
 
Apartment 5B,  5 bedroom 4.5 bath 3,744 square foot apartment asking $9 million.

The luxury development marketed as "21st Century Pre-War Condos" includes an indoor swimming pool with his and hers saunas, a billiards room, and Kosher kitchens for the half-floor and … (11 comments)

condos: New York Harbor - Views from Battery Park City - 01/25/09 09:14 AM
New York Harbor is the bodies of water, rivers, bays, ports and islands around New York City at the mouth of the Hudson river. The first recorded European in the harbor was Henry Hudson in 1609. He was greeted by the native Lenepe Algonquins when his ship entered the harbor. He discovered Manhattan island and sailed up the river named after him.
Battery Park City is a 92 acre planned comunity at the southwestern tip of lower Manhattan. The land it is located on was created from the Hudson river using dirt and rocks excavated during construction of the World Trade … (5 comments)

condos: New Rules for Manhattan Apartment Buyers and Sellers - 01/14/09 07:11 PM
For the past decade sellers had the power in the NYC real estate market. No longer can sellers dictate every aspect of the transaction. No financing contingencies, shopping around offers, listing brokers double ending deals are no longer the norm.Currently buyers have the upper hand. Buyers are putting in low offers and they are getting countered. Developers are offering incentives and are marketing value rather than luxury.Buyers are putting in multiple bids on several properties just as sellers were accustomed to receiving multiple bids and playing buyers against each other.It won't last for ever as real estate goes in cycles. It … (17 comments)

 
Mitchell J Hall, Lic Associate RE Broker - Manhattan, NYC (The Corcoran Group) Rainmaker large

Mitchell J Hall

Lic Associate RE Broker - Manhattan, NYC

Manhattan, NY

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