Showing posts with label 2014. Show all posts
Showing posts with label 2014. Show all posts

Apr 15, 2014

New Developments | Upper West Side Conversions

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340 West 72nd Street - The Chatsworth
Upper West Side Rental Conversions 
Opening in 2014 

340 West 72nd Street 
The Chatsworth 
81 units Rental conversion + new construction - Beaux-Arts landmark plus addition.

175 West 95th Street
80 units Rental conversion  - 18 story rental conversion

360 Central Park West





360 Central Park West 
50 units Rental conversion - Luxury pre-war rental conversion





498 West End Avenue


498 West End Avenue
45 units Rental conversion - Century old pre-war conversion



100 W 80th St. -The Orleans




100 West 80th Street - The Orleans
26 units Rental conversion - Luxury pre-war conversion
101 West 78th Street - Evelyn










101 West 78th Street - Evelyn
15 units Rental conversion - Pre-war conversion plus addition








Manhattan New Development/Conversion Listings


Dec 31, 2013

Banner Year for NYC RE Ends | Happy New Year 2014

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2013 was a banner year in NYC real estate. It's been a great year for seller's. Lowest inventory in NYC history. While all indications point to a continuation in 2014, the end of 2013 marks the end of an era. The Bloomberg real estate era.

Mayor Michael R. Bloomberg became mayor 3 months after 9/11/2001. Lower Manhattan came roaring back. Since September 11, 2001, the number of people living in Lower Manhattan has nearly doubled. In fact, Lower Manhattan has added more people over the past 12 years than Atlanta, Dallas and Philadelphia combined.

Our city’s rapid economic recovery was the result of strong leadership at all levels of government (local, state and federal) and the resilience of all New Yorkers who were determined to come back from this unthinkable event stronger than ever.

Today Lower Manhattan is full of new housing, restaurants, hotels, bars, parks, schools, open spaces and new businesses big and small. Upper Manhattan including Harlem is thriving too. Neighborhoods throughout Manhattan and Brooklyn are thriving.

West Chelsea from 10th Avenue to 11th Avenue, from 16th Street north to 30th Street, is booming with new condo developments that have transformed the neighborhood into a fashionable destination. Most of the new developments are around the High Line. New condos with park views.

MTA Railyards in the Hudson Yards district was the single largest piece of undeveloped property in Manhattan and will be the biggest development that has been realized since Rockefeller Center. Manhattan's newest neighborhood, Hudson Yards will accommodate over 13 million square feet of commercial and residential space, development at the Railyards will transform the landscape of Manhattan and dramatically alter the City’s skyline.

I bid farewell to Mike Bloomberg and I welcome the new mayor Bill de Blasio. I hope he is as successful a mayor as Bloomberg was including his vision for affordable housing.  Lets hope he delivers on his promises and will build or preserve affordable units for the middle class and will continue in the right direction.

No matter who is mayor or what year it is currently well priced properties will continue to fly off the shelf in bidding wars. Buyers are enthusiastic yet cautious. Even in a low inventory environment, over priced properties will be over looked.
Good bye 2013. Happy New Year 2014 to all.









 
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