Manhattan Neighborhood: Central Park South

Central Park South

Midtown Central, 59th Street from Fifth Avenue to Eighth Avenue. 

View from Central Park South Apartment (iPhone photo © Mitchell Hall)

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 for rent, many with breath-taking views.

The lifestyle in the Central Park South area is  convenient to all, with Time Warner Center offering tree-top views, exquisite dining, shopping  and entertainment.

If you want an echo of old New York, you’ll hear it in the clip-clop of horse-drawn carriages making their way through the Park.

In addition to the quiet of Central Park itself, one of Manhattan’s top urban sanctuaries is near Central Park South in the plaza of Columbus Circle, where a monument to the Italian explorer is nestled inside a 99-jet fountain.

While many of the historical buildings offer modern amenities such as parking, it’s also just blocks to the corporate headquarters of Midtown, the artistic offerings of Lincoln Center, and the newly-redone Museum of Modern Art.

Currently there are about 98 active coop and condo listings on Central Park South. They range from a small studio coop for $399,000 to a 6319 square foot  4 bedroom; 5.5 bath Penthouse at the Residences at The Plaza.

Please contact me if you're interested in buying or selling a coop or condo on Central Park South.

courtesy of:
Mitchell Hall, Associate Broker
The Corcoran Group
P (212) 877-6268 | M (917) 312-0924

MHALL@Corcoran.com

Luxury Manhattan Real Estate

Jewish High Holidays 5772 / 2011

Shana Tova!

May It Be A Sweet Year!

Wishing my clients, colleagues, friends, neighbors and family

a happy, healthy and prosperous New Year!

Yamim Nora’im 5772 - High Holy Days -2011

ROSH HASHANAH

Wednesday, Sept. 28 First Evening

Thursday, Sept. 29 First Day

YOM KIPPUR

Friday, Oct. 7 Kol Nidre

Saturday, Oct. 8 Yom KiPPUR

SUKKOT

Wednesday, Oct. 12 First Evening

Thursday, Oct. 13 First Day

Wednesday, Oct. 19 Hoshanah Rabbah (7th Day of Sukkot)

SHEMINI ATZERET Eighth Day of Assembly

Wednesday, Oct. 19 Evening

Thursday, Oct. 20 Morning

SIMHAT TORAH

Thursday, Oct. 20 Evening

Friday, Oct. 21 Morning

A City of Renters

Naked Apartments sent an advanced copy of their latest infographic to be published on their site tomorrow for NYC Blog Estate readers. They used data from the Furman Center to compile the charts. Interesting Chart about NYC housing.

"State of the City’s Housing & Neighborhoods"
http://furmancenter.org/research/sonychan/

"State of New York City’s Subsidized Housing: 2011"
http://furmancenter.org/files/publications/SHIPReportFinal.pdf

The post will appear here tomorrow morning:
http://www.nakedapartments.com/blog/nyc-rental-market/

Here are previous infographics:
http://www.nakedapartments.com/blog/category/new-york-apartment-rental-infographics/

Sherman Square - Upper West Side Coop Apartments

Sherman Square - Upper West Side Apartments

Broadway and Amsterdam between West 71st Street and West 70th Street.

The small parcel of land, acquired by the city in 1849, was named for civil war General William Tecumseh Sherman (1820–1891) who resided nearby.  The saying “War is hell” is attributed to Sherman. His younger brother, Senator John Sherman (1823–1900) was the author of the Sherman Anti-Trust Act of 1890.

The parcel was reduced in size when 70th Street was opened from Eighth Avenue to Tenth Avenue, cutting through the block and carving out the traffic triangle. 

The old 72nd Street subway still operating has it's south entrance at Sherman Square. The Subway station and The Ansonia were built the same year.

 

201 West 70th Street, One Sherman Square is a 42 story full service coop with 378 Apartments built in 1972. Most of the napartments have balconies. Building features include Driveway; Garage; Garden; Fitness Room; Laundry Room; Rooftop Deck. 

Current available apartments range from a $700,000 one bedroom to $1.7 million + for 30th floor 2 bedroom 2 bath homes. Recent closed sales data include a Junior 4 sold for $820,000 and one bedroom sold for $575,000 to $740,000

 

 Nevada Towers, a 30 story full servic coop with 280 apartments is situated like an island between West 70th Street and West 69th Street between Broadway and Amsterdam. In the middle of the traffic triangle. 

Currently there are 9 apartments for sale at Nevada Towers ranging from a 406 square foot studio for $275,000 to approximatly 2000 square foot 4 bedroom 3 bath for $1.45 million. Awesome views from many of the apartments because of the unusual location. Recent closed sale data nincludes 1 bedrooms that sold from $430,000 to a low floor 4 bedroom for $1,475,000.

 

The old 72nd street station is at Sherman Square and the new 72nd Street station is a Verdi Square. Both are operating today.

courtesy of:

Mitchell Hall, Associate Broker, The Corcoran Group

• Condos and Condops on Upper Broadway
• Upper West Side Seller
• Upper West Side Buyer

Verdi Square- Condos and Coops on Upper West Side

Verdi Square

Broadway and Amsterdam Avenue between West 73rd Street and West 72nd 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 Stravinsky.

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, it was filled with drug dealers and locals gave it the nick name "Needle Park".

The monument was restored in 1997 with funds from the Broadway/72nd Associates. Today, Verdi Square is entirely redecorated and landscaped, filled with baby strollers making it one of the most desirable areas of New York City to live in.

On the north it is enclosed by the Florentine Renaissance palazzo of the Apple Bank Building the trapezoidal structure, with a vast vaulted Roman banking hall 65 feet high was built in 1926–28. The building now has 29 residential condominiums over the building's top four floors. Large lofts, 2 bedroom to 4 bedrooms ranging in price from $2million to $7million.

 The 72nd and Broadway Subway station is located at Verdi Square across the street from The Ansonia. The old station head house is still there and still open on the south side of 72nd street.

Verdi Square Park has mini gardens, benches and serves as a walkway for pedestrians, people walking their dogs or taking the 1, 2, or 3 trains at the 72^nd Street Station.

courtesy of:

Mitchell Hall, Associate Broker, The Corcoran Group

• Condos and Condops on Upper Broadway
• Upper West Side Seller
• Upper West Side Buyer

Vintage 1920 Subway Ride

 HBO folks in prohibition era fashion are giving out free metro-cards at the 72nd Street subway station on the Upper West Side to promote season two of Martin Scorcese's Boardwalk Empire

An authentic vintage 1920’s train has been running on the express 2/3 track in Manhattan throughout September (specifically, from 12 to 6 p.m. on Saturdays and Sundays). I got to take the ride today.

Originally operated by the Interborough Rapid Transit (IRT) system, the train began operating in 1917

The vintage train has been transporting New Yorker's back in time to the Prohibition era with authentic details such as rattan seats, ceiling fans and drop sash windows, as well as a custom branded interior featuring Boardwalk Empire-inspired period artwork.  

The train created curiosity, making even the most jaded New Yorkers look like tourists as they took out their phones to snap pictures.

The train was crowded today at 5:30. 

But they sure built them fast in 1917 because this train whizzed from 72nd Street to 96th Street.

 

Great marketing and promotion from HBO, pulling out all the stops for Boardwak Empire.

For a preview of tonight's premier and past episodes: HBO Boardwalk Empire

iPhone photos courtesy of:

  

Mitchell Hall, Associate Broker, The Corcoran Group

Green Manhattan Condos

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 14 per cent more efficient than regular building codes dictate.


New Construction Green Condos in Manhattan:



The Harrison: West 76th Street, Upper West Side *(LEED Silver)
The Brompton: 205 East 85th Street, Upper East Side *(LEED Silver)
The Lucida: 151 East 85th Street, Upper East Side *(LEED Silver)
HL23: 515-717 West 23rd Street, Chelsea (LEED Gold)
The Kalahari: 40 West 116th Street, Harlem *(LEED Silver)
1400 on 5th: 1400 Fifth Avenue, Harlem *(LEED level pending)





The Visionaire: 70 Little Street, Battery Park City *(LEED Platinum)
Riverhouse: One Rockefeller Park, Battery Park City *(LEED Gold)
Millenium Tower Residences: 30 West Street, BPC (LEED Gold)
456 West 19th Street, 456 west 19th Street, Chelsea
303 East 33rd Street, Kips Bay, (Leed Standard)
One Jackson Square, Meatpacking, West Village


If you've been thinking about living in a new green luxury condo? Click my new developments page submit the buyer form and write "green" in the comment section. I will email you current listings of green available condos that match your buying criteria or call 917-312-0924.

Related green links:
Green-Real-Estate-Glossary
Green resources and services
NY green Tax Incentives

courtesy of:
Mitchell Hall, Associate Broker
The Corcoran Group

Manhattan Condops: Best of Both Worlds

What is A 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 the upper west side.

I often get calls from other brokers about The Boulevard since I'm a resident broker. Many agents think a condop is a coop with condo rules. In many condop buildings that is true but the rules have nothing to do with what makes the building a condop.

In new construction, in the offering plan, if the developer/sponsor leaves the purchasers/ shareholders/owners with an underlying mortgage the building is usually a condop. The underlying mortgage is included in the maintenance allocated proportionally to each apartment sold as shares.

New construction condops include The Azure and 1 Carnegie Hill on the Upper East Side and 305 West 16th street, a brand new luxury designer condop building in Chelsea and there is a new condop in Harlem. 

Most condops have right of 1st refusal like a condo, they are investor friendly and have the same unlimited sublet policy and amenities usually found in condos.

A condop can offer the best of both worlds. It can offer rules and amenities of a condo, tax deduction, lower closing costs (no NY state mortgage recording tax) like a coop because a coop is not considered "real property" it is considered "personal property." Condops are usually valued in between a coop and a condo.

There is an advantage to buying a condop if you can find one in the neighborhood and price range you require.

Contact me to purchase or sell in The Boulevard, The Savannah or any other Manhattan condop, coop, condo or new development.

Upper Broadway - Condos and Condops

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 two addresses 390 West End Avenue and 2201-2219 Broadway between west 79th and west 78th streets.

While there are some grand prewar condos and coops on upper Broadway many of the residential buildings are post war modern condos and condops that were built on the Broadway corridor in the west 80's and west 90's during the late 1980's. New construction condos and a rental building have recently been completed in the West 70's.

The landmarked Apple Bank Building at 2112 Broadway at West 73rd Street and West 74th Street has been converted into 29 residential condominiums over the building's top four floors.

Post war Modern Condos and *Condops on Broadway from West 72nd Street to West 96th Street.

*Condop is a term for a residential building or portion of a building that includes both a condominium and cooperative ownership structure. Typically the condop refers to the residential portion of a building which is treated as a single condominium unit owned through a cooperative ownership structure.

The Alexandria - 200 West 72nd Street at Broadway - Built 1991

Luxury condo, 25 floors 202 apartments, pool, health club

The Laureate - 2050 Broadway - New Construction - 2011

New Luxury condo - Broadway at 76th Street

Linden78- West 78th Street & Broadway - New Construction - 2010

Boutique Luxury condo at 78th and Broadway

The Broadway - 2250 Broadway at 81st Street - Built 1987

Full service condo, 21 floors, 123 apartments, garden, health club

The Bromley - 225 West 83rd Street at Broadway - Built 1987

225 West 83rd Street at Broadway - Full service, condo, health club, pool, children's playroom

The Boulevard at 2373 Broadway, - Built 1989

The Boulevard is a full service luxury Condop. Apartments range in size from studios to 4 bedroom homes including simplexes, duplexes and penthouses. Garage, two level health club, pool, racquet ball/squash courts, children's playroom, Duplex party room, solarium, landscaped roof deck.

The Savannah - 250 West 89th Street - 250 West 89th Street at Broadway - Built 1987

Full service condop - 20 floors, 140 apartments, garage, fitness room, roof deck

The New West - 250 West 90th Street at Broadway - Built 1986

Full service condo, 21 floors, 185 apartments, rooftop pool and health club

The Princeton House -215 West 95th Street at Broadway- Built 1987

Full service condo, 17 floors, 213 apartments, garage, fitness room, roof deck

The Columbia 275 West 96th Street at Broadway - Built 1983

Full service condo, 35 floors, 302 apartments, garage, health club pool.

The Columbia was the first modern luxury high rise built on Broadway on the Upper West Side. It is taller than most Upper West Side buildings because it is on the north side of 96th street. Above 96th street zoning laws allow taller buildings.

The Ariel (East and West) Broadway at West 99th Street - Built 2006

The Ariel complex consists of two two glass towers, the Ariel West (the larger of the two) and the Ariel East. Ariel East, 2628 Broadway, 37 floors, 64 apartments. Ariel West, 245 West 99th Street, 31 floors, 73 apartments. Fitness center, pool, private playgrounds, jungle gyms, slides, half court basketball, screening room, billiards room, two childrens' playrooms, resident's lounge, pet grooming salon.

Most of the post modern condos and condops on upper Broadway feature luxury amenities such as pools and health clubs that are rarely found in pre-war and many post war buildings. Most have apartments that range in size from studios to 4 bedrooms. Prices range from $500,000 to over $5 million.

As a long time Broadway resident myself, it is a true pleasure to walk along Broadway and take advantage of the well established retailers, and restaurants. My favorites are: Fairway, Zabars, Citarella, the famous H&H Bagels and my office The Corcoran Group -Westside Gallery are all located on Broadway in the heart of the Upper West Side. I love running into past and current clients, friends and colleagues on Broadway.

Hope to see you on Broadway!

If you would like to purchase or rent an apartment in a luxury condo or condop on the Upper West Side or if you've been thinking about selling your apartment, please contact me at 917-312-0924 or click here: Upper West Side Apartment Buyer or Upper West Side Apartment Seller.