Articles on Upper West Side Condos

Are Two Bedrooms Now Number One in the Manhattan Condo Market?

After the 2008 market crash the prices of one-bedrooms and studios recovered fairly quickly, but the two-bedroom has held out until now. According to The Real Deal, overall inventory of apartments has grown by 13.4 percent since March, but the inventory of two-beds has grown much slower. True to the laws of economics, the ever-present high demand of Manhattan real estate coupled with a low supply means that prices of Manhattan two-bedrooms has hit a new peak -- and the competition to secure one is getting fierce. The New York Times interviewed Tracie Hamersley, a senior vice president of Citi Habitats, whose two-bedroom listing in Murray Hill closed at the asking price after only a single week on the market. It was the buyer’s third attempt at securing a two-bedroom.

(Madison Square) Garden Apartment: Carmelo Anthony's Apartment Search Brings Him To The Upper West Side

Three, two, one… that’s how long it takes for freshly signed New York Knicks Carmelo Anthony to win a basketball game. But while Melo's a great talent, all those big buckets came thanks to a lot of practice. Carmelo Anthony's Upper West Side apartment searchThat work ethic should serve Melo well during his NYC condo search, since finding the right apartment in New York City takes a lot of effort as well -- whether you're Carmelo Anthony or someone shorter and less famous trying to find the right condominium in Manhattan. When he's not making shots for his employers, the Knicks’ new superstar -- and wife Alani "La La" Vazquez -- are tirelessly scoping out places in Manhattan. And although the New York Knicks have made a huge investment in the former Nugget all-star, Anthony is apparently not ready to invest in New York real estate and was originally searching for a rental apartment in a downtown condominium -- something in the, um, $30,000 a month range. What, it’s not that much if you're getting paid like he is. Now, though, Melo's sites have shifted uptown, and he has reportedly identified two all-star Upper West Side condo listings as his new top choices.

Sales Spike On 4-Bedroom Manhattan Apartments... Or Do They?

4 bedroom Manhattan condos for saleTrue or not, it has the force of conventional wisdom -- "it" being the belief that larger families are better off buying a house in the suburbs than buying a multi-bedroom Manhattan condo. There are obvious enough reasons why this might be true -- larger Manhattan apartments also tend to be higher-priced Manhattan apartments; kids love lawns; there's no such thing as a co-op board in Westchester; some people just really want to live in Connecticut for whatever reason. But sometimes this sort of received wisdom is not actually terribly wise, or terribly true. Is there any reason why larger families shouldn't be shopping for a four-bedroom Manhattan apartment instead of taking their burgeoning families to another area code?

Slow, Steady, But Real: Wall Street Journal Examines The Ongoing NYC Condo Market Recovery

Slow and steady in the NYC real estate raceWait, we're still talking about this summer's market for Manhattan apartments? NYC condominium sales in August? You're sure? Strangely, but inarguably, the answer is yes -- unlike with rental statistics, the indicators on the market for Manhattan apartments are a bit longer in gestation, and... well, yes, this is going to be a blog post about a recent report on the NYC condominium market for August, but it's also a post about the most recent statistics we have on apartments for sale in Manhattan. Real estate is funny that way. And what is in this report? Good news, less-good news, and more proof that -- slowly, steadily and undeniably -- the Manhattan condo market is returning to health. So, then. Cast your mind back to this summer -- it was warmer, the Mets were still bumming everybody out, and the expiration of the first-time home-buyer tax credit sent apartment sales cratering in July, to the tune of a 34% decline in sales. Which everyone expected -- the first-time home-buyer tax credit had just expired, if you're just joining us -- but which was also the biggest decline since Radar Logic began tracking these stats in 2000. This means that it would have been just about impossible not to see some sort of improvement in August -- and there was some improvement in August. As it turned out, it was the kind that those searching for NYC condos would most want to see -- one in which prices increased marginally, while sales increased at a faster rate.

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.

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.

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.

Apthorp Chronicles Continued: Given Green Light On Condo Conversion, Pre-War Luxury Condo Promptly Hikes Prices

The Apthorp in Manhattan Your New Construction Manhattan blogger is human, dear reader, which means that every now and then your New Construction Manhattan blogger is laid-up by vicious allergies and misses a day or two of posting. This is something that happens even to non-bloggers -- although our constitutions are admittedly frailer than most -- but in the hyperspeed world of Manhattan real estate, a day or so off means three or so days behind. Thus the post that we were too busy sneezing to make -- which announced that Upper West Side pre-war condo conversion The Apthorp, the Pitti Palace-inspired condo at 390 West End Avenue, had been approved by the State AG for condominium conversion -- has now become two posts in one.

Apthorp Chronicles: The War Over The Upper West Side Pre-War Condo at 390 West End Avenue

the apthorp pre-war condoEven among the many pre-war condo listings on the Upper West Side, The Apthorp stands out for its impressive pedigree. The building, at 390 West End Avenue, was built by William Waldorf Astor in 1908, and was modeled after the famed Pitti Palace in Florence, Italy. That doesn't exactly bespeak modesty, but a recent restoration has highlighted just how grand (and occasionally grandiose) Astor's vision for The Apthorp actually was. The building itself is stunning, and one of the most impressive pre-war condos in Manhattan. But while The Apthorp is a great building, it has yet to take off as a star NYC condo listing because of the ongoing tussle over that ambitious restoration.