Manhattan Condos - New Developments - Conversions - Resales

Residences at Worldwide Plaza - 350 West 50th Street

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Sun, 04 Mar 2012 05:37:26 -0800

Give my regards to Broadway ...

and let me live there in a luxury Worldwide Plaza condo while you’re at it.

Worldwide Plaza is a white glove condominium occupying a city block in Midtown Manhattan from 49th to 50th streets between 8th and 9th Avenues.

The building provides the most professional full-service staff including doorman, 24-hour concierge service, and 24-hour security.

Constructed in 1988 by developer William Zeckendorf, Jr., Worldwide Plaza, is a grand, Post-Modern building. Today, Worldwide Plaza is among the most distinguished luxury developments in Clinton/Midtown West.

Residences at Worldwide Plaza include a 39-story tower with 654 apartments at 350 West 50th Street, a 7-story building at 393 West 49th Street with 187 apartments and 12 adjoining townhouses.

A mid-block, landscaped public square serves to link Worldwide Plaza’s residential and commercial components, and features a fountain and outdoor café.

Among the many amenities it offers its residents are a Bally's health club and on-site garage parking and laundry room on every floor. The building has a courtyard for residents only with trees, gardens and sun decks.

The Residences at Worldwide Plaza are located near Central Park, Hudson River Park, Rockefeller Center, St. Patrick's Cathedral, numerous restaurants, museums, theaters and points of interest. Easy access to the C, E, 1, N, R and Q and crosstown buses.

There are currently about 20 active apartments for sale ranging from a 400 square foot studio asking $419,000 to a 1760 square foot two bedroom 3 bath combined units asking $2,200,000.

There are currently 30 active apartments FOR RENT ranging from a 500 square foot renovated studio for $2500/month to a 1300 square foot 2 bedroom 2 .5 bath home for $8300/month

Give my regards to Broadway — and let me live there in a luxury Worldwide Plaza condo while you’re at it.

To receive Worldwide Plaza listings by email click here.

To sell or lease your Worldwide Plaza residence click here

©Mitchell Hall 2006-2011

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924

Worldwide Plaza Summer Concert Series

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Thu, 17 May 2012 17:16:17 -0700

Every Thursday enjoy the summer concert series in Worldwide Plaza.

The Plaza at Worldwide Plaza iPhone video 5/17/2012

View of Worldwide Plaza from Residence 6K at The Residences at Worldwide Plaza

Residence 6K at The Residences at Worldwide Plaza (virtually staged)

Renovated Manhattan Studio Kitchen

Visit Worldwide Plaza

Sunday May 20th

Open House | Residence 6K

12 noon - 1:00 PM

Large, Corner, Loft-Like, Renovated Studio with Soaring High Ceilings, Three Over-sized Windows, Recessed and Designer Lighting, Architectural Details, Parquet Floors, 26 Foot Entry Hall, Four Closets, Renovated Kitchen with Granite Counters, Granite Floor and Stainless Appliances. Marble Bath, Bright, Sunny South and East Exposures. Open city views to the south and Worldwide Plaza courtyard view to the east.

Worldwide Plaza is a white glove luxury condominium occupying a city block in Midtown Manhattan. The building provides the most professional full-service staff including doorman, 24-hour concierge service, and 24-hour security. Among the many amenities it offers its residents are a Bally's health club and on-site garage parking. The building has a courtyard for residents only with trees, gardens and sun decks. The Residences at Worldwide Plaza are located near Central Park, Hudson River Park, Rockefeller Center, St. Patrick's Cathedral, numerous restaurants, museums, and points of interest and the C, E, 1, N, R and Q and crosstown buses.

First-time buyers, pied-a-terre, domestic, foreign and 1031 exchange investors are all welcome.

Price: $499,000

Common Charges: $612

RET: $604

RET after exemptions and abatements is $480/month.

More Information about Residence 6K

More information about The Residences at Worldwide Plaza

©Mitchell Hall 2006-2011

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924

Manhattan's Final Frontier | The Hudson Yards Neighborhood

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Mon, 07 May 2012 08:13:16 -0700

New York City's Newest Neighborhood begins construction

Phase I Ready for Occupancy in 2015

While Londoner's will be proud this summer when they host the 2012 Olympics in London, Manhattanites can be proud that New York City lost the bid to London several years ago. The center piece of New York City's bid was a new Jets Football stadium to be built in midtown Manhattan at the Hudson Yards. Many Manhattanites neither wanted the stadium or the Olympics here.

So instead of a football stadium and the Olympics New York City is getting a new 21st century neighborhood. What was once an underutilized tract of land has been re-zoned and will soon be transformed into a mixed-use destination, which will include new office space, residences, retail, hotels, open space, and access to the City’s waterfront.

The MTA Railyards in the Hudson Yards district is the single largest piece of undeveloped property in Manhattan and will be the biggest development that has been realized since Rockefeller Center was built in the 1930's. The development at the Railyards will transform the landscape of Manhattan and dramatically alter the City’s skyline.

The Hudson Yards is located between Chelsea and Clinton Hells Kitchen. The new neighborhood will link New York's 20th century industrial past with 21st century technology through The High Line a former elevated rail road that has been transformed into an elevated open park. The nearby new Moynihan station underway will be a 21st century transportion hub for the North East corrider.

Through the construction of a billion dollar platform over the yards, the site will be transformed into a mixed-use neighborhood. Hudson Yards will provide residents, workers and visitors with a destination that combines world-class private development with unique public parks and cultural attractions.

Nearby attractions include the High Line, the extensive running and bike paths in the 5-mile Hudson River Park and the new Hudson Park and Boulevard, a sweeping 4-acre thoroughfare from 33rd to 42nd Street, creating a network of parks and public plazas that weave throughout the West Side.

The master plan for the Railyards comprises approximately 5,000 residences in nine residential buildings, 6 million square feet of state-of-the-art commercial office space, a 1 million square foot of destination retail complex, a 150-room five star hotel, a totally unique cultural facility, and a new 750-seat public school, all carefully planned around 14 acres of public open space.

Key transportation investments are underway throughout the area around Hudson Yards including the extension of the No. 7 subway line. The No. 7 subway - on schedule for a December 2013 opening - will link the site to every major line in New York City, including the major subway nodes of Times Square, Bryant Park, and Grand Central Terminal, delivering exceptional access to Hudson Yards.

The developer is The Related company, the builders of the Time Warner Center. Construction on the 1.7 million square-foot tower is set to commence this year and Phase 1 will be ready for occupancy in 2015.

The first tower will be the world headquarters for Coach Inc. Coach bought 600,000 square feet and will occupy the lower third of the tower. The Coach tower is the south tower of a planned 5.5 million square foot “superblock building complex” bound by 10th Avenue, 33rd Street, Hudson Boulevard and 30th Street. When complete, it will be the largest commercial building in New York City.

It will rise 51 stories, designed by Kohn Pedersen Fox Associates, the LEED Gold building will be prominently located on the corner of 30th Street and 10th Avenue, bridging Chelsea and Hudson Yards. Coach will occupy the lower one-third of the building where they will create a vertical campus with a vast atrium serving as the visual anchor for the High Line.

Hudson Yards will attract millions of visitors a year. Over 20,000 construction jobs will be generated by the construction of the Coach Building . Over 100,000 construction jobs will be generated by development of the Eastern Railyard (including over 80,000 direct jobs) and over 10,000 permanent new jobs will be generated upon completion of both yards, which will also serve as home to 30,000 office workers.

Phase 2 - Residential

More than $733M in public investment is earmarked for parks and green spaces in the Hudson Yards district.
the High Line is among Manhattan’s most illustrious urban projects. It starts on Gansevoort Street and weaves through Chelsea, catalyzing new development along the way. Its final phase will be its most compelling, as the High Line meets the plaza of the South Tower and wraps around Hudson Yards, promising unparalleled vistas of the city and river.

renderings courtesy of NYC and The Related Company

Residence 6K at Worldwide Plaza|350 West 50th Street

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Sun, 06 May 2012 07:21:41 -0700

Loft-Like Corner Studio at The Residences at Worldwide Plaza

Residence 6K - virtually staged - Living/Sleeping/Dining

Residence 6K - Living/Sleeping/Dining

Residence 6K - Renovated Kitchen

Open House Sunday May 6th 12-1:30 PM

First-time buyers, pied-a-terre, domestic, foreign and 1031 exchange investors are all welcome.

Price: $499,000

Common Charges: $612

RET: $604

RET after exemptions and abatements is $480/month.

More Information

©Mitchell Hall 2006-2011

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924

Tips for Tipping in Manhattan Apartment Buildings

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Thu, 08 Dec 2011 07:09:43 -0800

Every year around this time, I am asked about New York City holiday tipping etiquette, especially for Manhattan apartment building staff.

Here is my take on the situation:

So many ask, “why tip at all for someone who is merely doing his job?” An additional reward for work well done is a welcome gift. It is good manners, and customary to show one’s appreciation by giving a little something extra during the holiday as a way to say “thank you”.

Keep in mind the following factors in determining what to give:

how pleased are you with the service
the frequency of the service
how long you’ve known the person
your budget
the local custom
how large a staff in your building
the type of establishment (deluxe vs. moderate building)The following are ranges of suggested gratuities:

Apartment Building Superintendents: $25 - $250. There is a wide range here depending on the services offered by your building and how much the staff are at your beck-and-call during the year.

Doormen: $25 and up. Take into consideration how nice they are to you, if you get lots of visitors and deliveries, and if they actually open the door for you. To maintain a level of quality service, you need to pay for it.

Porters: $15- $30 These people have a difficult and sometimes unpleasant job. If you’ve spilled Styrofoam packaging stuffers in your hallway or incinerator room, you owe it to your custodian to remember.

Handyman: $15 - $30 This is an instance where your tip can be proportionate to the amount of the work you’ve requested during the year. If you merely greet the handyman in the hall, the lower end of the range should suffice. If you’ve gotten him out of bed in the middle of the night to repair a gushing water leak, ask yourself how much such a task is worth to you and show your appreciation accordingly.

There is a long list of other people to remember during the holidays-garage attendants, personal trainers, housekeepers, babysitters, stylists, etc., and the range of what is considered appropriate is wide and left mostly to personal judgement.

Regardless of the cash value of any gift, however, it is important that a gratuity be given as a present. Include a nice card with a hand written note and deliver it personally. Cash is appreciated, rather than checks. In what can seem like an uncivilized city, it is important to remember to make a gesture of appreciation to those who make your life easier. The holiday season is the perfect time to do so.

courtesy of:

Mitchell Hall, Associate Broker, The Corcoran Group

©Mitchell Hall 2006-2011

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924

What's in A Neighborhood Name? "Hells Kitchen" or "Clinton"

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Thu, 26 Apr 2012 16:22:09 -0700

Clinton - Hells Kitchen - Midtown West - West 50's

Some still argue about the exact boundaries of Hell's Kitchen, but it's commonly considered to run from 34th to 59th Streets and from Eighth Avenue to the Hudson River. The area is also known as Clinton and long-time residents use the two terms interchangeably. Some are proud to call the neighborhod "Hells Kitchen" while some prefer to say Clinton.

Yesterday I was showing one of my listings in Clinton/Hells Kitchen. A pre-war Art Deco charmer at Pembroke, 357 West 55th Street. A one bedroom with sunken living room in a circa 1935 6 story coop on a pretty tree lined block. The buyer a long time neighborhood resident said she could never call the neighborhood "Clinton" and her agent agreed. When they asked about the coop board I answered: "They're a regular coop board but the building is not on Park Avenue".

The buyer who has lived on the block for many years quickly replied "West 55th Street between 8th and 9th Avenue is called "The Park Avenue of Hells Kitchen." So now you know!

The neighborhhood names are interchangeable on real estate websites as well. The NY Times calls it Clinton in or around Midtown and Midtown West and StreetEasy clearly calls it Clinton while on Corcoran.com it's Midtown West.

I have another exclusive listing 5 blocks away, a large, corner post-modern loft-like studio at Worldwide Plaza, a white glove luxury condominium occupying a city block in Midtown Manhattan from 49th to 50th between 8th and 9th Avenues.

The residences at Worldwide Plaza include a 39-story tower with 654 apartments at 350 West 50th Street. Built in 1988 it was an anchor for new development and gentrification in the neighborhood. For 20 years the neighborhood has been changing. It has become renovated, gentrified. New condo construction along with many new restaurants and bars have opened in the neighborhood.

Corcoran.com calls 350 West 50th Street Clinton and gives Clinton boundaries from 34th Street to 50th Street, from Eighth Avenue to the Hudson River.

A formerly low-rise area just west of the Theater District lies "Hells Kitchen" or "Clinton", the area is also home to charming row houses.

While some still argue over the exact street boundaries everyone agrees it's west of Eight Avenue. East of Eighth Avenue including Carnegie Hall and Time Square is considered Midtown West.

What's in a neighborhood name? Call it "Hells Kitchen" or call it "Clinton" or "Midtown West" but what ever you call it the neighborhood is one of Manhattan's HOTTEST neighborhoods and still very COOL!

Co-op and condo buyers find that the prices are affordable, and the transportation is great. The Hudson riverfront offers opportunities for bicycling, jogging and kayaking. Ninth Avenue, a Midtown West restaurant row draws both pre- and post-theater crowds and locals to its trattorias, cafes, grills, and steakhouses.

According to Brian Williams on NBC nightly News. The best slice of Pizza in NYC is at Sacco on 9th Avenue between 54th & 55th Street. A family run business for more than 50 years named after the town Sacco in Italy.

Whatever your lifestyle, budget or architectural preference. Clinton, Hells Kitchen, The West 50's, has something for you. It may be the neighborhood you've been looking for.

Clinton/ Hells Kitchen Open Houses:

Sunday April 29th

350 West 50th Street 6K

Large Loft-Like Renovated Studio | condo

$499,000

12:30- 130 PM

357 West 55th Street 1M

Pre-war One Bedroom Art Deco Charmer | coop

$525,000

2:00 - 3:30 PM

©Mitchell Hall 2006-2011

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924

Speechless Sunday: Earth Day | Go Green

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Sun, 22 Apr 2012 08:58:41 -0700

Earth photo by Astronaut Sunita Williams

Go Green for Earth Day:

grren: Living Green in Manhhattan

green: Green-Real-Estate-Glossary

green: Green Resources / Services

green: Tips for Greening your Apartment or Home

green: NYC Adopts Green Leases for Earth Day

green: Wind Turbines on NYC Skyscrapers & Bridges

green: New-York State-Green-Tax Incentives

green: Manhattan's New Eco Friendly Condo Developments

green: A GREENER, GREATER NEW YORK

green: Green NYC: TreesNYC Month - April

green: NYC Yellow Taxis "Green" by 2012

green: Green Skating at The Polar Rink

If you're interested in buying a new green (LEED) certified condo in Manhattan - go to new developments fill out the buyer form and write green in the comment section. I will send you email listings of green condos that match your buying criteria.

Courtesy of:

Mitchell Hall, Associate Broker, The Corcoran Group

Local and global real estate questions and referrals are always welcomed.

©Mitchell Hall 2006-2011

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924

Manhattan New Developments Market Report: First Quarter 2012

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Sat, 07 Apr 2012 11:23:00 -0700

Manhattan New Developments

New development supply has diminished substantially, particularly at the high-end of the market, impacting sales and price statistics. While most properties that have been on the market continue to absorb steadily, newly introduced developments in prime locations are absorbed rapidly but since a number of properties haven’t begun closings, these sales are not reflected here.

Compared to a year ago, median price declined 13% to $990,000, due to a 9% decline in three-plus bedroom median price, a 30% decline in Downtown median price and increased share of one-bedroom sales both Uptown and Downtown. Average price per square foot increased 8% from a year ago to $1,231 due to notable increases on the East and West Sides.

Currently there are approximately 325 active new construction and new conversion listings for sale throughout Manhattan. They range from $199,000 for a 455 square foot studio at The Capstone in Harlem to a 6,883 square foot 60th floor penthouse at The Setai on Fifth Avenue in midtown Manhattan asking $32 million.

As always, I will continue to follow closely sales activity and trends in Manhattan new developments (new construction and conversions), and would welcome the opportunity to answer any questions about this report, new developments or the market in general.

I’m very happy to discuss new development opportunities in each neighborhood, price point and room count. I'm ready to provide you with expertise and seasoned insight. Looking forward to hearing from you.

Manhattan New Development Listings

©Mitchell Hall 2006-2011

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924

Manhattan Lofts Market Report First Quarter 2012

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Fri, 06 Apr 2012 17:27:49 -0700

Manhattan Loft Market

Loft pricing was up from both last quarter and one year ago. Loft median price increased 17% from a year ago and 4% from last quarter to $1.785 million due to median price gains in the 1,000-1,500 and 2,000-2,500 square foot ranges.

Average price per square foot went unchanged from Fourth Quarter 2011 but increased 4% from a year ago to $1,183. In the over 2,500 square foot loft market, median price dropped 21% from a year ago and 31% from last quarter.

Data from First Quarter 2012

Currently there are approximately 400 active loft listings for sale throughout Manhattan. They range from $600,000 for a 1200 square foot walk-up in Harlem to a 10,911 square foot 19 room, 7 bedroom, 5.5 bath Penthouse at The Muitions Building in Tribeca for $28 million.

As always, I will continue to follow closely sales activity and trends in Manhattan Lofts, and would welcome the oportunity to answer any questions about this report, or the market in general.

I’m very happy to talk to people at any stage of the Real Estate process and can discuss the opportunities in each neighborhood, price point and room count. I'm ready to provide you with expertise and seasoned insight.

Looking forward to working with you.

©Mitchell Hall 2006-2011

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924

Manhattan Luxury Market Report | First Quarter 2012

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Thu, 05 Apr 2012 09:48:55 -0700

Manhattan Luxury Market Report

Manhattan’s luxury market is defined as the top 10% of all co-op and condo transactions. During First Quarter 2012, an international buyer set a new Manhattan sales record with a purchase price of $88 million or $13,049 per square foot. This sale, amongst numerous others in the eight figure range, including a $42 million sale on Fifth Avenue, proves that the high end of the market continues to thrive. Luxury median price increased 10% from a year ago and 11% from last quarter to $4.55 million. Luxury average price per square foot increased 13% from a year ago and 10% from last quarter to $2,171 per square foot.

If you have questions about this report or about Manhattan real estate in general, I'm ready to provide you with expertise and seasoned insight. Looking forward to working with you.

Full Manhattan Market Report First Quarter 2012

Comprehensive Market Analysis of the Manhattan real estate market

©Mitchell Hall 2006-2011

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924

Manhattan Market Report Fourth Quarter 2011

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Fri, 06 Jan 2012 17:01:15 -0800

Manhattan Market Reports

Although sales experienced a seasonal slowing in the Fourth Quarter, the value of Manhattan real estate continues to be stable. Overall, the average price per square foot in Manhattan was off only 1% from last quarter and the year before, at $1,044.

In the case of condominiums, limited inventory resulted in the highest pricing levels since late 2008. Cooperatives held steady, with mild decreases or unchanged metrics.

Thankfully, as I have been blogging about for years, the Manhattan sales market is stronger than most of the rest of the country with foreign buyers, a diversified employment base and the stabilizing influence of equity-requiring co-op boards.

The high end of the Manhattan Market ($5 million and above) may be stronger than ever. Luxury condos are selling for more than their sales price in ’08 and ’09 (Sandy Weill’s recent sale of his penthouse at 15 CPW for $88 million more than doubled his purchase price paid at the peak of the market in early 2007).

The ultra wealthy around the world continue to prosper and more and more of them want to have a home in Manhattan. The middle of the range condo market ($2mil to $5mil) has enjoyed similar high demand, with prices toping the peaks of ’07 driven predominantly by the foreign condo buyers whose country of origin shifts each year based on local currency strength and wealth creation.

The remainder of the market which includes most smaller co-ops and condos also enjoyed a steady improvement over the past 12 months but in a much more modified manner due to financing and confidence hurdles.

The combination of shrinking inventory and stabile prices are hopeful signs for the value of real property as we enter the New Year. I will be tracking them all closely as 2012 unfolds, and would welcome the opportunity to answer any questions you may have about the report or the market generally.

Download Complete Manhattan Fourth Quarter Market Report

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924

REASONS TO BUY NEW CONSTRUCTION IN MANHATTAN in 2012

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Sat, 31 Dec 2011 09:09:42 -0800

The Aldyn

TOP 10 REASONS TO BUY NEW CONSTRUCTION IN MANHATTAN

1 THERE HAS NEVER BEEN A BETTER TIME With fewer developments on the market, interest rates at historic lows, and the last chance to secure 421a tax abatement's.

2 BRAND NEW EVERYTHING Be the very first to live in your home and enjoy brand new infrastructure throughout.

3 COMPETITIVE PRICING Developers have a realistic understanding of the market and prices to match.

4 EASE OF OWNERSHIP Benefit from a hassle-free purchase process with no board packages, and use your residence however you want—live, rent, or pied-à-terre.

5 INTELLIGENTLY DESIGNED Modern room proportions, high quality materials, and windows that maximize light and air add up to a home that complements your lifestyle.

6 IMMEDIATE OCCUPANCY There is often no need to wait to move in—your brand new home can be ready right away.

7 HEALTHY HOME Green features make your life healthier, and energy efficiency benefits you and the environment.

8 STATE OF THE ART LIVING Your home is outfitted with top of the line materials, the most up to the minute technology, and all the little extras that make life easy.

9 CREATE A COMMUNITY Move in together, and build a community with your neighbors.

10 THE FULL PACKAGE Your home is more than just your condominium—it’s the fitness center, outdoor space, and private lounges, not to mention the doorman and concierge, at your service.

It's time to say Good-Bye to 2011 and Hello to 2012. Looking forward to a brand new start. There is nothing better than a brand new home in a brand new year. Wishing you happiness and success in the brand new year!

It is important to have an experienced buyer's broker represent you in New Developments. On-site sales agents represent the seller/sponsor/developer's interests.

Click here to receive new development listings
Call me at 917-312-0924 or email me to schedule showings

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924

The Boulevard - 2373 Broadway - Upper West Side Condop

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Fri, 16 Dec 2011 12:13:29 -0800

The Boulevard | 2373 Broadway

The moment you step into the lobby at The Boulevard, my residence, and walk across the floors of Verdi Imperiale and Belgiun marble of green and black offset by Australian lacewood walls, with soaring cathedral ceiling and patterned wall of clear and opaque glass behind the concierge desk marking the rear of the lobby overlooking the pool, you know you're in one of the most meticulously managed residences in Manhattan. While plants and fresh flowers are always visible, this time of year it is especially festive, warm and beautiful.

The Boulevard condop located on Broadway at 86th Street is one of the best buildings on the Upper West Side. It is a full service post-modern grand building with simplex, duplex and penthouse apartments. Many residences have glass-enclosed "greenhouse" rooms, walls of windows, herringbone floors, high ceilings, terraces, balconies and other details not found in most modern buildings. A gracious residence that recaptures pre-war urban traditions with a variety of layouts that combine light and space with modern convenience, comfort and flexibility.

Building amenities include a two level health club with 75' pool, squash and racketball courts, steam room and sauna. Building features include, attended garage, two landscaped sundecks, a roof top solarium, duplex party room, children's playroom, six (6) elevators: (4 passenger, 1 freight and 1 to garage), laundry rooms on every floor, bicycle and storage rooms, a doorman and concierge.

I was one of the original owner/shareholders. I bought my first apartment in the building when it was just a construction site. I was a member of the AD HOC organizing comittee which served the owners/shareholder interests while the sponsor/developer controlled the Board of Directors. I've been active in the building ever since.

I've successfully represented both buyers and sellers and owners at The Boulevard.

Prices Range from $550,000 - $4,000,000 +; Sq Ft Range: 550- 3200; Size Range: Studios - 4 bedrooms; Number of Floors: 23; Number of Apartments: 354.

Currently there are 3 active listings for sale and 3 in contract. The available homes for sale range from an 825 square foot one bedroom, 1.5 bath duplex asking $775,000 to an 800 square foot Junior Four (one bedroom with Dining Area) with 2 full baths asking $865,000 to a 4 bedroom 3 bath home asking $2,475,000.

Currently there are 4 one bedroom homes available for rent ranging from $3300/month to $3800/month. If you would like to live in one of the best full service luxury buildings on the Upper West Side, or if you are one of my neighbors thinking about selling or leasing your apartment please contact me at 917-312-0924.

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924

Have Yourself a Merry Christmas!

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Sat, 24 Dec 2011 15:49:00 -0800

Have Yourself A Merry Christmas and a Happy Holiday Season.

All my best wishes for a happy healthy and prosperous New Year!

Hope to see you in Manhattan in 2012!

Enjoy Some Manhattan Christmas Holiday Pictures Taken Around Town this Holiday Season

iPhone Photos Courtesy of Your NYC Broker Mitchell Hall

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924

Upper West Side Market Report

Mitchell Hall NYC Real Estate Broker (The Corcoran Group) — Sat, 10 Dec 2011 16:54:58 -0800

UPPER WEST SIDE MARKET REPORT

RESALES

Resale co-op pricing on the West Side decreased from both Second Quarter 2011 and Third Quarter 2010. Median price dipped 4% from last quarter and 9% from a year ago while average price dropped 5% from last quarter and a year ago.

Three-plus bedroom co-ops, however, increased 11% in median price from last quarter. Resale condos, on the other hand, increased 11% in median price and 7% in average price per square foot versus Second Quarter 2011.

Compared to a year ago, condo median price dipped 4% as fewer two- and three-plus bedroom residences traded but average price per square foot was 2% higher.

UPPER WEST SIDE MARKET REPORT

NEW DEVELOPMENTS

West side new development pricing saw big jumps in median price and average price per square foot over both time periods.

Median price rose 43% from last year and 44% from last quarter as a large number of $5 million- plus transactions were recorded.

Average price per square foot increased 15% from last year and 14% from last quarter. These sales were primarily at The Laureate, The Apthorp, The Aldyn and 535 West End Avenue.

As always, I will continue to follow closely sales activity and trends on the Upper West Side of Manhattan, and would welcome the oportunity to answer any questions about this report, the market in general or any questions about buying or selling real estate in Manhattan.

I’m very happy to talk to people at any stage of the Real Estate process and can discuss the opportunities in each neighborhood, price point and room count.

Market Data:

Corcoran Report/Property Shark

courtesy of:

Mitchell Hall, Associate Broker, The Corcoran Group

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.

Blogging about Manhattan Real Estate since 2006.

Mitchell Hall, Associate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhood Reports

Search Manhattan Homes

There is No Substitute for Experience!

Call Mitchell Hall @ 917-312-0924