Articles on Manhattan Apartments

(Re)Birth of a Neighborhood: Hudson Square Is Ready For Its Close-Up

THudson Square birds eye viewhe first rule of Manhattan real estate -- of real estate in general -- is said to be "location, location, location." Which, as conventional wisdom goes, isn't the silliest thing in the world. But Manhattan real estate observers could be forgiven, in recent years, for believing that at least one of those "location"'s could be swapped out for "branding." New Manhattan neighborhoods are nothing new -- New York City is a study in flux, and all it takes is one zoning decision and a few bold real estate developers to turn a neighborhood like the nowheresville around the Lincoln Tunnel entrance into "The Linc," a newly branded Manhattan neighborhood between Chelsea and Midtown West that comes complete with its own new construction condo listings and superstar condos such as The Atelier. What sets Hudson Square apart from The Linc, besides a much cooler name, is that this new neighborhood is actually one of Manhattan's oldest. Hudson Square is, for all intents and purposes, West Soho.

Go West: New York Times On Luxury Condo Boomlet In High Line-Adjacent West Chelsea

West Chelsea experiencing a rise in high line adjacent luxury apartmentsIf you have ever visited The High Line park in Chelsea, you have probably seen a few things. The tasteful plantings and unique aesthetic contours of The High Line itself, for one. The crowds of pretty young NYC things and happy tourists taking the Hudson River views and generally making the park that much more scenic, for another. And over and around it all is something every bit as dramatic, but much easier to miss -- there's West Chelsea itself, growing up and growing into itself and generally making New Yorkers forget that there was ever a time when the words "luxury condominium" and "Tenth Avenue" just plain didn't go together.

Heard About The $200,000 Penthouse At The Apthorp? We Did, And Here's What We Heard.

Apthorp penthouse is selling for below market valueIt made sense at first, all those visitors to New Construction Manhattan clicking on the listing for Upper West Side condominium The Apthorp. It made sense because The Apthorp has always been among our most popular Upper West Side condo listings -- it's generally one of the most-clicked buildings in our Manhattan condo listings database, in fact -- and because it's a beautiful building filled with beautiful apartments for sale. Business as usual, right? Except they kept clicking. And clicking. The reason, we quickly figured out, was this story from the New York Post, which detailed what seemed like an incredible deal -- a (small) penthouse apartment at The Apthorp selling for $228,000, which is roughly 88% below its listing price. We'd click, too, if we read a story about apartments for sale in one of the hottest pre-war condominiums on the Upper West Side. So, how incredible was this deal?

My Own Private Bowling Alley: Upper West Side condo The Aldyn's Amazing Amenity Space Set To Open

Aldyn Building inNYC has it's own bowling alleyWe at New Construction Manhattan have had our collective eye -- we just share one, it's easier -- on The Aldyn for some time. Few new construction condo listings on the Upper West Side -- honestly, few new construction condo listings anywhere in Manhattan -- were as ambitious in conception as The Aldyn, which shares a perch on lower Riverside Drive with luxury rental The Ashley. It wasn't just that The Aldyn was a sterling example of shoot-the-moon ambition on the part of developers Extell, although it's that. It's that The Aldyn was a fearlessly upscale new construction condominium development built during one of the lowest down-cycles in real estate development in... well, ever. The project itself was promising from the start – between The Aldyn's striking looks, the 40,000 square feet of amenitized space and the stunning Hudson River views and generous floor plans on offer in the apartments for sale, The Aldyn always sounded like a winner. It was the timing that seemed questionable. But with the building nearly complete and The Aldyn's signature amenity space set to open -- and with pictures revealing it to be every bit as expansive and plain awesome-looking as advertised -- it seems safe to say that The Aldyn has made it. Which makes the La Palestra amenity space at The Aldyn that much more worthy of a look.

What's New: Are New Construction Condominiums Back In Fashion?

East River view from luxury condominium During the boom years in Manhattan real estate, it seemed like new construction condominiums -- and a host of new Manhattan condominium listings -- hit the market every week, each more spectacularly amenitized, dramatically turned out and eye-poppingly expensive than the last. It was a good time, in short, to be a real estate developer -- with plenty of buyers and a housing market that seemed on an endless upward trend, new construction NYC condos essentially sold themselves.

Department of Resurrections: New Life At New Construction UWS Condo Linden 78

Linden78 is seeing new lifeThe Upper West Side's Linden 78 has just about everything a new construction condo listing is supposed to have, from a wide-ranging suite of amenities to a prime location -- at, you guessed it, 230 West 78th Street -- to a host of elegant condominiums for sale. What Linden 78 has not enjoyed, though, is luck. Few Manhattan condo listings have been as star-crossed as Linden 78, which saw many residents back out of their contracts during the Manhattan real estate market’s bleakest hours back in 2009, due to construction delays. There was never anything wrong with the building – quite the contrary, in fact, as Linden 78 had appeared poised to become one of the Upper West Side’s most sought-after new construction condominiums. It was just a case of being in the wrong place at the wrong time.

More Sales, Higher Prices: Third Quarter Stats Show Prices Rising on NYC Condos Amid Increased Sales Activity

Manhattan Luxury Condos for SaleIt's a function of the way that statistics dribble out over the course of months that it wasn't so very long ago that we were writing about how, despite a bump in sales, second-quarter prices on NYC condos were flat year-over-year. It was fairly surprising, given that more sales and a limited supply of Manhattan apartments would indicate -- even to those, like your blogger, whose economic expertise is limited to auction-style fantasy baseball drafts -- that prices should rise. Supply and demand and elasticity and all that. But the last few years in Manhattan real estate have challenged just about every previously held belief most market-watchers have, and there the numbers were, tracking right alongside 2009's. The second quarter numbers, that is. With the arrival of the third quarter stats, it looks like things in the NYC condominium market have straightened themselves out. Which means that, belatedly, prices on Manhattan apartment listings did indeed climb in the last quarter, both over the second quarter and over the third quarter of 2009. Good news for fundamental economic rules, not-as-good news for Manhattan condo buyers, right? As usual, it's a little more complicated than that.

Sweet Liberty: Liberty Luxe and Liberty Green Shaping Up As Stunning (And Green!) Success Story In Battery Park City

GreenIt's not a secret, but we don't make a big deal of it -- new Manhattan condo listings go up onto New Construction Manhattan every couple of days, every week. You'll find them if you're doing a search for apartment listings in a particular Manhattan neighborhood, but you generally won't find them here at the New Construction Manhattan blog. We're about covering Manhattan Condominiums, at least notionally, as opposed to specific Manhattan condominiums. (Although you don't have to go far to find information on NYC condos, obviously) So why are we making an exception for Liberty Luxe and Liberty Green, a pair of new condo listings in Battery Park City? Because this pair of new green condominiums are that exceptional. Liberty Luxe and Liberty Green aren't the first green condo listings to call Battery Park City home. Both in terms of the sprawling lawns and parks that define Battery Park City's aesthetic and the super-green condominiums already in the neighborhood, Battery Park City is one of Manhattan's greenest neighborhoods.

Flatliners: New York City Apartment Prices Flat Month-Over-Month, Again

New York apartment prices flatline month-over-monthSo much of what we do here at the New Construction Manhattan blog feels like fortune-telling -- looking at this trend or that, this swatch of data or another, and guessing at how it will all play out in the months ahead. Of course, that's Manhattan real estate in a nutshell, and true of real estate in general. But when NYC apartment sales surged in the second quarter, it was tough not to speculate and imagine a future of soaring prices, disappearing price chops, and other nasty things. Which makes it that much more surprising -- and a little bit humbling -- that S&P/Case Schiller's just-released NYC apartment sales stats for the second quarter revealed that Manhattan condo prices were, yes, totally flat year-over-year. Who knew? (Answer: not us)

Life Isn't Fare On The UES: Second Avenue Subway Reportedly Far Over-Budget, Far Behind Schedule, and Far From Reality

Upper East Side Subway ConstructionSomeday, it's going to happen. A clean, modern subway train is going to pull up, right on time, at a station below Second Avenue on the Upper East Side. And when that day comes, Upper East Siders of all stripes are going to be happy. Upper East Side green condos will be that much greener, given their newfound proximity to mass transit; Upper East Side residents will see their commutes made simpler, quicker and less excruciatingly packed; Upper East Side condominiums will appreciate in value. The sun will shine every day and every man, woman and child will get a pony. The first three outcomes of the long-awaited, currently in-progress Second Avenue Subway are actually pretty reasonable -- more mass transit access will mean a better Upper East Side, and more valuable Upper East Side apartments. But, in news that's both saddening and sadly unsurprising, it looks like UES residents are going to have to wait a little bit longer for the Second Avenue Subway. And by "little bit" we mean "two years."