Articles on NYC Condos

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.

Better Than You'd Heard: REBNY Third Quarter Stats Show Manhattan Luxury Condo Market Is Booming Again

Manhattan Real Estate Market 2010It's enough to make a blogger nervous, honestly. It's increasingly obvious that the market for Manhattan luxury condominiums is in a boom phase -- but as the shape, size and volume of the boom in NYC condos continues to become clearer, our job here at the New Construction Manhattan blog becomes more difficult. Wasn't it just a little while ago that we wrote about the big third quarter in the Manhattan condominium market? Yes, yes it was. And is this another report crossing our virtual desk, from the august Real Estate Board of New York, indicating that the third quarter spike in NYC apartment sales was even more intense than previously reported? Yes, yes it is. Good news, but... can we get a break over here?

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."

Looking Good: Architecture Critics Praise 535 West End Avenue, The Upper West Side Condo With Classic Chicago Looks

535 WestEnd in the Upper West SideNew York City is a pretty great place, and this is true whether you're searching for a Manhattan condominium or not. But it can also be something of a closed circuit -- if New York is great (and it is), then it would seem to follow that everything that's great here is perhaps a bit greater than everything everywhere else. That's actually true when it comes to pastrami, luxury condominiums and a handful of other things, but of course it's not so across the board. But if you live in Manhattan long enough, it can come to seem that way. So it may give some New York-y New Construction Manhattan readers pause to see the elegant new Upper West Side condominium 535 West End Avenue praised for its Chicago-style aesthetics. Chicago, like the Second City? Yes, like that one: the one with better sausage-related food, a better hockey team and a unique and striking architectural heritage of its own. 535 West End has already emerged as a rising star among Upper West Side condominium listings, but understanding what makes Chicago so uncommonly attractive is a big part of what makes 535 West End Avenue such a looker.