Author Archives: Eileen

Dorchester Towers Condo #2126 JUST RENTED

Dorchester Towers Condo #2126 JUST RENTED|155 West 68th Street #2126 Converted Two Bedroom JUST RENTED

Views, Views and Views from this Convertible Two Bedroom/ One Bathroom unit we just RENTED at the Dorchester Towers Condominium and for good reason.

This 21st Floor unit has Eastern view looking across the Upper West Side towards Central Park West.  Here is a photo from Living room windows.

Dorchester_2126_LivingRoomView2

As soon as you enter the apartment, you will be drawn immediately to the windows and look out and appreciate this New York City skyline view.  The Eastern exposure brings in all day of sunlight, see living room photo below:

Dorchester_2126_LivingRoomBoth kitchen and bathroom have been updated with solid quartz counter tops and modern tile accents.

Dorchester_2126_Bathroom_kitchen

 

Dorchester Towers #2126 master bedroom easily accommodates a King Sized bedroom and multiple pieces of accent furniture.  Each bedroom in the apartment has the same Eastern exposure, so you can wake up in the morning with plenty of sunshine.

Dorchester_2126_MasterBedRoom

 

In the unit #216, The second converted bedroom is perfect for a home office or guest suite.  A full size bed would be the ideal size, along with room for a desk and book case.

Dorchester_2126_SecondRoom

Here is the floor plan of Dorchester Towers #2126 Converted Two Bedroom

2126_DorchesterFloorPlan

The Dorchester Towers is located at 68th and Broadway, one of the best Lincoln Square locations. The building is few Avenues/city blocks away from Central Park, multiple subway lines, lots of grocery stores including Gourmet Garage, Trader Joe’s and Fairway.

This is a full service condominium with a nicely appointed amenity package including a circular driveway, fitness room, laundry on every floor up to the 22nd floor, 22nd floor roof top deck, live in resident manager and management offices and a recently renovated lobby and hallways that should be fully renovated by the end of 2016.

Dorchester_towers_condo_roof

 

If you are interested in renting or buying an apartment at the Dorchester Towers, we consistently have multiple apartments for rent and sale in the building, call us today at (917)837-8869.

Dorchester Towers Condo Market Report: http://dorchestertowerscondo.com/category/market-report/

To See what else is on the market: http://dorchestertowerscondo.com/category/on-the-market/

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155 West 68th Street #827 One Bedroom for Rent

155 West 68th Street #827 One Bedroom for Rent|Dorchester Towers Condo unit 827 Broadway Facing One Bedroom for Rent

****JUST RENTED****

Dorchester Towers condo is located at 155 West 68th Street, on the corner of Broadway and West 68th Street, in the prime section of Upper West side.

This one bedroom on the Eighth floor of Dorchester Towers condo has an open view of tree top Broadway exposure, it is one of the most desirable layout in the building. There is open blue sky, open Eastern sunshine and iconic Broadway view.

 

Dorchester_155West68St_827_BroadwayView

This unit at Dorchester Tower has gone under gut renovation, there is brand new flooring, closet doors, painting, light fixture and everything in the apartment.

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This is a brand new unit and never lived in, there is also custom cabinetry for the HVAC unit in both living room and bedroom.

Dorchester_155West68St_827_LivingRoom

Kitchen is also renovated in top of the line taste, tiled wall with modern fixture and brand name appliances.

Dorchester_155West68St_827_Kitchen

Bedroom also has a Sunny Broadway facing exposure.

Dorchester_155West68St_827_Bedroom

Light and airy bathroom with mosaic tiles and contemporary fixture.

Dorchester_155West68St_827_Bathroom

Below is a floor plan of unit #827 in Dorchester Towers condo, it is a functional and spacious layout for all living room and dining room furniture.

FloorPlan_Floorplan_Web_VersionDouglasElliman_FloorPlan_28409801_Floorplan_Web_VersionDorchester Towers Condo unit #827 is on the market for rent for $3,650 per month and available as soon as application is approved.

Call us (917)837-8869 to schedule an appointment to see it today.

UPDATE: THIS IS NOW RENTED. If you are looking to rent similar unit in Dorchester Towers Condo, give us a call today (917)837-8869 and we can provide you the latest availabilities. 

Click below to see what else is on the market in the building:

http://dorchestertowerscondo.com/category/on-the-market/

To read about Dorchester Tower Condo market report, click link below:

http://dorchestertowerscondo.com/category/market-report/

 

 

 

 

 

 

 

 

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155 West 68th Street #1528 Dorchester Towers Condo (JUST RENTED)

155 West 68th Street #1528 Dorchester Towers Condo (JUST RENTED)

Dorchester Towers Condo located at 155 West 68th Street New  York NY 10023, this unit is on the fifteenth floor with open city views with Eastern (Broadway) Facing One Bedroom now available at the Dorchester Towers.

Unit 1528 at Dorchester Towers Condo has a great layout, excellent closets, including a large walk-in, updated kitchen with dishwasher, everything you would want in a full service building.
Dorchester_155W68_1528_BedRoomSpacious Eastern facing living room and bedroom.
Dorchester_155W68_1528_LivingRoomDorchester_155W68_1528_Kitchen

Dorchester_155W68_1528_Bathroom

The Dorchester Towers Condominium, perfectly located in the Lincoln Square neighborhood is a full time doorman condominium. The building has a recently renovated lobby and full time concierge upon entering from the circular driveway.

Dorchester building amenities include a recently built windowed fitness room on the lobby level, a 22nd floor landscaped roof top terrace, laundry on every floor up to the 22nd floor, garage, on-site resident manager and management offices.

THIS UNIT IS NOW RENTED. If you would like to find a one bedroom unit for rent or for sale, call us (917)837-8869 and we can provide you with the latest availabilities.

If you are a Dorchester Towers Condo owner, looking to rent or sell your unit, we can help. We are the top selling and renting agents in Dorchester Towers condo, call us today (917)837-8869 and we can discuss the market price for your Dorchester unit.

Read about our latest SUMMER 2015 Market Report on Dorchester:

http://dorchestertowerscondo.com/dorchester-towers-condo-summer-2015-market-report-infographic/

To see other Dorchester Towers condo owner testimonials about our service:

http://dorchestertowerscondo.com/testimonials/

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Dorchester Towers Condo SUMMER 2015 MARKET REPORT (INFOGRAPHIC)

Dorchester Towers Condo SUMMER 2015 MARKET REPORT (INFOGRAPHIC)

The first half of the year has been relatively steady. Both buyers and sellers have reacted to the continued lack of supply within the condominium re-sale market.

Buyers have been bidding away at the most select properties once they come available and sellers have achieved strong pricing with more realistic expectations.

The frenzied 2014 market created a trend where we witnessed and continue to see some sellers and Real Estate brokers push prices to a level where buyers backed away until either a realistic price adjustment occurred or sky high expectations cooled off.

INFOGRAPHIC_Dorchester_WEB

The first half of the year has been relatively steady. Both buyers and sellers have reacted to the continued lack of supply within the condominium re-sale market.

Buyers have been bidding away at the most select properties once they come available and sellers have achieved strong pricing with more realistic expectations.

The frenzied 2014 market created a trend where we witnessed and continue to see some sellers and Real Estate brokers push prices to a level where buyers backed away until either a realistic price adjustment occurred or sky high expectations cooled off.

In terms of Dorchester Towers specifically, the ‘Average Days on Market’ increased from 40 days to 54 days before a contract was signed. The Price negotiability increased from 2.5% (2014) to about 5.4% (YTD 2015). This increase does not indicate prices are decreasing, in fact the prices are still holding steady and increasing in certain segments, indicating that we are seeing a more measured price appreciation.

Price Analysis

  • Alcove Studios: Up about $100 sq/ft since 2014
  • One Bedrooms: Holding steady since 2014
  • Two Bedrooms: Increased $200 sq/ft since the last sale in 2013

In today’s market, new construction condo market is currently the hottest segment of the market place. For brand new renovations or recent renovations, buyers will pay a premium and the likelihood of multiple offers is at its highest.

Having completed our own gut renovation, and having seen multiple apartments renovated recently, if you are interested in Contractor Referrals or curious about what upgrades would maximize the price of your apartment, we would be happy to discuss this with you in private as well.

Continuing into the rest of 2015, with continued low Inventory levels, still historically low mortgage rates for those that need financing, and an overall confidence in New York City as a global safe haven, all indicators of a healthy and active Real Estate Market.

We are Morgan Evans and Eileen Hsu, we are also Dorchester condo owners. Contact us for a confidential and obligation free discussion at (917) 837-8869.

Or send us an email at Morgan.Evans@elliman.com or EHSU@elliman.com

 

Dorchester Rentals that we recently rented:

http://dorchestertowerscondo.com/dorchester-towers-condo-one-bedroom-for-rent-1509/

 

Dorchester Towers Condo #1833 We Just Recently SOLD.

http://dorchestertowerscondo.com/155-west-68th-street-1833-spacious-one-bedroom-with-home-office-for-sale/

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Dorchester Towers Condo One Bedroom For Rent #1509

Dorchester Towers Condo One Bedroom For Rent #1509 APPLICATION PENDING

The Dorchester Towers is one of popular condominiums in Lincoln Square neighborhood. The building new lobby renovation which included a new fitness room and residents meeting room, full time white-glove doorman and concierge, landscaped roof top deck, laundry on the floor, garage, and convenient circular driveway make the Dorchester a very sought after location.

This one bedroom is on the 15th floor with Western exposure. The owner did not spare any expenses when renovating this unit. The living room photos shows the detailed renovation and spacious floor-plan.

Dorchester_Towers_1509_livingRoom Dorchester_Towers_1509_livingRoom2 Dorchester_Towers_1509_livingRoom3The bedroom is also spacious enough for a king-size bed. It is the most ideal one bedroom layout for anyone who is looking for a home in Upper West side neighborhood.

Dorchester_Towers_1509_BedRoom

The white modern kitchen has top of the line appliances, everything is in mint condition.

Dorchester_Towers_1509_Kitchen

The bathroom also has a European flair of design with minimalistic style fixtures.

Dorchester_Towers_1509_Bath

This apartment Dorchester Towers unit #1509 is available August 1, Please call us at (917)837-8869 to schedule an appointment today. THIS NOW HAS AN APPLICATION PENDING.

We are Morgan Evans and Eileen Hsu, we have successfully sold and leased multiple Dorchester Towers condo units because of our knowledge of Dorchester such as past history, most current sales or rental market, updated building rules, upcoming renovations, detail financial building information, familiarity of the neighborhood, and most importantly our creative methods to showcase our community.

If you are a Dorchester Towers condo owner and thinking about selling or renting your unit, call us today, at (917)837-8869. We can discuss in private about the market and what we can do to maximize your investment. You can see our Testimonial page here

To read about 2014 Dorchester Towers market report, click here:

http://dorchestertowerscondo.com/category/market-report/

 

 

 

 

 

 

 

 

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Dorchester 155 West 68th Street #620 FURNISHED RENTAL

Dorchester 155 West 68th Street #620 FURNISHED RENTAL

****THIS IS NOW RENTED****

One Bedroom now available at Dorchester Towers Condominium

Furnished rental with an attention to detail. This sunny one bedroom condominium is located at the highly desirable Dorchester Towers Condominium, a prime Lincoln Square location.
Fabulous open Southern Exposure out of living room window.

Dorchester_620_Exposure Dorchester_620_livingRoomThe building offers an impressive amenities package including a Full Time Doorman and Concierge, Fitness Room, Roof Top Deck, Laundry Room on the floor, package room, management on-site, live in resident manager and garage parking.
Dorchester_620_Bedroom
Dorchester 155 West 68th Street unit #620 is a furnished one bedroom apartment is available for immediate occupancy, including glassware, coffee maker, cutlery, tv, stereo, and desktop computer can be included.

Dorchester_620_Kitchen
Dorchester_620_Bathroom****THIS IS NOW RENTED****

Please contact us at (917)837-8869 to schedule an appointment to see it today.

To read about building updates: http://dorchestertowerscondo.com/news-updates/

Dorchester 2014 yearly Market Report for building sales: http://dorchestertowerscondo.com/dorchester-towers-condo-2014-year-in-review/

We are Morgan and Eileen,  We have helped many owners sold and leased multiple condo units in Dorchester. We are both Licensed Real Estate Salespersons with Douglas Elliman Real Estate.

We are consistently the top selling and renting agents in the building because we are extremely familiar with past building history, most recent sales or rental market, updated building rules, upcoming renovations, detail financial building information.

If you are a Dorchester Towers Condo owner looking to SELL OR RENT out your Dorchester apartment. Call us so we can discuss in detail with most current market data (917)837-8869.

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155 West 68th Street #501 Alcove Studio For Rent

155 West 68th Street #501 Alcove Studio For Rent price $2,750. NOW RENTED.

Dorchester alcove studio unit #501 is now available for rent at the Dorchester Towers.

Eastern Facing within the landscaped circular driveway of the building providing both excellent light with a quiet exposure.
Dorchester_501_livingRoom

Dorchester_tower_501_livingroom

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This studio the kitchen was opened up to provide an open countertop to the rest of the apartment, raised beautiful hardwood floors were installed, a huge over-sized walk in closet, this apartment is move-in ready.

Dorchester_501Bathroom

The  bathroom was renovated enhancing the bathroom with a deep soaking tub and floor to ceiling tile.

The Dorchester Towers is a full time doorman building, one of the best locations in the Upper West Side, Central Park, Lincoln Center, restaurants and shopping.

Building Amenities include doorman, new fitness room, laundry on the floor, roof-deck, circular driveway, live in superintendent, and a brand renovation of the building’s lobby.

Call us today at (917)837-8869 to see it today.

THIS UNIT IS NOW RENTED. CALL US FOR OTHER AVAILABILITY.

 

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Dorchester Towers Condo One Bedroom #702 For Rent

Dorchester Towers Condo at 155 West 68th Street One Bedroom unit#702 FOR RENT at $3,400 per month (available 6/15/2015)

THIS UNIT NOW HAS APPLICATION PENDING. NO LONGER AVAILABLE.

Dorchester_702_LR

This spacious one bedroom has very functional layout and bright exposure, perfect for someone looking to live in the Lincoln Center area of Upper West Side.Dorchester_702_BRDorchester Towers Condo located at 155 West 68th Street is one of the most desirable condo buildings in the Upper West Side neighborhood. This one bedroom one bathroom condo unit has an ideal layout, spacious living room with dining space, large walk in closet and storage space. Kitchen and Bathroom are recently renovated in good condition with stainless steel appliances. The apartment is on the 7th floor with the an Eastern view of the building’s landscaped garden and circular drive way.

Dorchster_driveway

Contact us today to schedule an appointment to see this is great one bedroom rental in the heart of Upper West Side. 

If you are a Dorchester Towers condo owner and consider selling or renting your Dorchester condo unit, call us and we can discuss in details of how much your unit can sell or rent for (917)837-8869.

Click below to read the Dorchester Towers annual Market Report:

http://dorchestertowerscondo.com/dorchester-towers-condo-2014-year-in-review/

 

 

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Unit 2126 FOR RENT 155 West 68th Street

DORCHESTER TOWERS 155 West 68th Street #2126 FOR RENT $4650 Per Month ***APPLICATION IS NOW PENDING***

This is an open city views unit Eastern facing looking onto the Central Park West Buildings from this 21st floor converted Two Bedroom Condominium at the Dorchester Towers.

This Dorchester Tower unit has Renovated Kitchen and Bathroom, Generous Closets, 9 ft tall ceilings, Large Master Bedroom, make this the perfect starter two bedroom apartment.
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155 West 68th Street, Dorchester Towers is one of the most well established condominiums in Lincoln Square. Gorgeous lobby renovation with a new fitness room, full time doorman and concierge, roof top deck, laundry on the floor, garage, and landscaped circular driveway make the Dorchester a very sought after location.
2126_floorplan
This Dorchester Converted Two Bedroom unit #2126 is available June 1st, call us to schedule an appointment today. ***APPLICATION IS NOW PENDING***

If you are a Dorchester Tower Condo owner, and would like to sell or rent out your Dorchester unit, we have the experience to help you with the process. Call to work with us today (917)837-8869.

Read about the most recent Market Report with all the 2014 sales analysis:

http://dorchestertowerscondo.com/dorchester-towers-condo-2014-year-in-review/

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Dorchester Towers Condo 2014 Year in Review MARKET REPORT

Dorchester Towers Condo Market Report 155 West 68th Street New York NY 10023 Dorchester Towers Condo 2014 Year in Review

2014 was a strong year for sales at the Dorchester.

Sales volume more than doubled compared to 2013 with Eleven (11) Apartments sold and closed in 2014, with a few additional off market sales as well. The momentum of rising prices and low levels of inventory in 2013 carried over into 2014, where we saw very strong price increases with closed prices for many units hitting new levels. We believe that the combination of building improvements along with the robust Manhattan condominium market provide an excellent time for sellers to put their apartments on the market for sale.

In 2014 the sales market at Dorchester Towers was dominated by smaller units – a role reversal from 2013 when we did not have any one bedrooms come on the market for sale and just one studio sold.  In 2014 the mix of apartments there were three studios, three one bedrooms, four Junior 4 (Convertible two bedroom) and

one large three bedroom/three bathroom combination apartment. 

Some of the trends we saw while we actively marketed and sold at the Dorchester in 2014 were new price levels for studios and one bedrooms, big turnouts at the first open houses for Junior-4 (Convertible two bedroom) apartments, premium prices for move in condition and newly renovated apartments and buyers  continue to love the lobby and addition of the fitness room in the building.

With that being said, let’s review individual segments of the Dorchester Towers Sales Market and keep in mind we did not factor in the off-market sales into this report, but if you would like to know what those units sold for as well, feel free to reach out to us.

Studio/Junior One Bedrooms at Dorchester Towers:

Three studios/Junior one units sold in 2014, an increase from 2013 where just one came on the market.

The studio market is always a bit tricky for people to evaluate pricing because of the various layouts and

sizes of the studio apartments.  There are over 10 different layouts for studios in the building, ranging in size from 530 sq ft up to 780 sq ft.  As a general rule, the L-Shaped alcove studio layouts that can be converted to what is commonly known as a junior-one Bedroom tend to sell with the highest price per square foot because of the inherent value of creating a small one bedroom apartment.  Studio apartments did quite well in terms of reaching new price levels in 2014.

We tracked two Studios, in what we would describe fall into the oversized category in the building (780 and 748 sq ft) sell for $855,000 and $775,000.  Looking at those on a price per square foot basis, it does not appear to be very impressive just $1,096 and $1,036, but looking at the overall prices achieved, they are very strong. And a third studio, an alcove studio that was converted into a Junior-One bedroom on the 21st floor with an open Southern exposure sold for $835,000, at $1,432 sq/ft!

Dorchester_1928_LRLet’s put these sales into a past context, in 2013 with just a small sample size of one alcove studio selling for $709,000, which on a per square foot basis come out to $1,176 and looking back even further into what we would describe as the bottom of the market in 2010 and 2011 the average price for a studio was right around $575,000 and selling at just over $1,000 sq/ft.

The conclusion is that the sales market for studios in the building is very segmented.  To compare alcove studios, oversized studios, converted junior-one bedrooms as a whole can be very confusing.

From our experience with selling and renting multiple units in the building, we are extremely familiar with each different layout and layouts of its kind within the building, as well as the typical buyers reaction to each unique layout. We highly encourage studio owners to reach out to us to determine the market value of their apartment. You can send us an email to (Morgan.Evans@elliman.com)

 

2014

2013

2012

2011

2010

Number of Units Sold

3

       1

0

6

1

Average Price

$821,666

$709,000

0

$587,965

$560,000

Average Price/Square Foot

$1,188

$1,176

0

$1,008

$1,025

 

One Bedroom at Dorchester Towers:

In 2014, there were three one (1)bedroom units came on the market for sale. Previously and consequentially important in 2013, we did not see any one bedrooms come on the market in the building for sale, with that being said, we would conclude that there is a pent up demand for one bedroom units. 

In last year’s market report we made the following statement about the One Bedroom market and now let’s take a look at what actually happened:

“Are all One Bedrooms going to sell for over $1,300 sq/ft or $1,200 sq/ft now?”

2014

2013

2012

2011

2010

Number of Units Sold    3

0

1

6

3

Average Price

$868,333

    0

$585,000

$667,500

$646,833

Average Price/Square Foot

$1,363

    0

$1,025

$1,064

$1,030

 

 

We had the opportunity to bring two of the three one Bedrooms on the market last year.  The first one bedroom, #927, was a Broadway facing, in what we would describe as a well maintained but not a recently renovated condition.  We listed the #927 for sale for $899,000 and had multiple offers and ended up closing over the asking price at $910,000.  A definite RECORD PRICE for a standard one bedroom in the building. 

Dorchester_524_viewWe also saw an Amsterdam facing one bedroom on the 8th Floor, marketed as renovated, seeing the unit in person, the unit was a bit quirky, come on the market with an asking price of $945,000! After two weeks on the market, the price was reduced to $900,000. It ended up closing for $875,000.  It was an aggressive original asking price, but ended up selling at a very strong figure.  The other on-market one bedroom that sold in 2014 was a short sale, meaning that the sale was contingent on bank approval, a specialized sale.  We represented that unit and it closed right before the end of 2014.

Looking forward and answering that question we asked back in last year’s market report, we would say yes, most one bedrooms will be selling for well over $1,300 sq/ft.  There is a lot of demand for a one bedroom condominium in the Lincoln Square neighborhood, with very little inventory.  Naturally, if a low floor or original condition apartment is for sale, it is not going to sell for the premium that a move-in condition or renovated apartment will command, but overall it’s a very in-demand segment of the market.

 

 

Junior Four (One Bedroom with Dining Alcove) at Dorchester Towers:

The Junior 4 (Convertible two bedroom) market continues to be one of the most popular layouts in the Building.  The main reason is that it fits a desirable segment of the market which are those buyers who want that second bedroom and possible second half bathroom but typically do not have or do not want to spend the money it takes to buy a true two bedroom/two bathroom because it’s a very big jump to that apartment size.

The Junior 4 (Convertible two bedroom) category in the building is much like the studio segment of the market in the sense that there are many different layouts and configurations and pricing will vary specifically depending on those layout differences.  There are over a dozen different layouts in the building for these types of apartments.  Like we previously mentioned but important to mention again, the apartments that have the extra half bathroom are a difference maker, and the easier it is to convert the additional bedroom will impact pricing.  From our selling and renting multiple units in the building, we are extremely familiar with each different layout and its like kind layouts within Dorchester, we highly encourage condo owners to reach out to us to determine the market value of the Dorchester unit.

At the beginning of 2014, we brought on market unit #12-04, a Junior 4 unit for sale in its original condition.

We marketed aggressively and we had multiple strong offers within the first week of showing with a massive open house turnout over 100 visitors. The unit went into contract above the $995,000 asking price and closed for $1,015,000. We also sold another original condition Convertible Two Bedroom on the 14th Floor, for $1,100,000 later on in the year.

Two Junior-4 apartments both having 1.5 bathrooms sold for $1,200,000 and $1,280,000 respectively.  The more expensive of the two was on a high floor in a very nicely renovated condition, reflective in the high price it achieved.

This was a good year showing the difference in value that renovations and that an extra half bathroom can have in the final value for this segment of the market.  The demand is healthy for this segment of the market, a lot of the demand is coming from people who have outgrown their studios or one bedrooms, and foresee or demand the need for that second bedroom that this type of apartment provides.  This is definitely a segment that we can help in how to price effectively and market correctly to most benefit a Dorchester Tower seller.

 

2014

2011

2012

2011

2010

Number of Units Sold

4

1

3

6

3

Average Price

$1,148,750

$1,300,000

$1,061,333

$953,333

$920,000

Average Price/Square Foot

$1,302

$1,296

$1,180

$1,038

$1,034

 

Two Bedrooms at Dorchester Towers:

Unlike 2013, where two bedrooms were the most active segment of the market, we did not see any two bedrooms come on the market for sale in 2014.  But that does not mean that there was not a demand for them.  We received many calls throughout the year from move-up buyers who currently want to buy a two bedroom and wanted to know if we knew of anybody interested in selling, unfortunately the supply just wasn’t available.  Two bedrooms units are rare in the Dorchester Towers, mostly found in the Tower portion of the building starting from the 22nd floor and higher floor.  Many of those larger units are owned by the management, making it even harder to acquire one of these coveted apartments.

The overall market demand for two bedroom condominiums is quite strong, much of the new condominium products being built are for larger units, and many with the starting prices for new construction at $2,500 sq/ft,

it makes buying a two bedroom units that much more difficult.

If you do own a two bedroom and are interested in the present value of your Dorchester Towers Condo,

give us a call (917)837-8869 and we would be happy to provide you with a current market evaluation.

2014

2013

2012

2011

2010

Number of Units Sold

0

3

2

1

0

Average Price

0

$1,728,000

$1,392,500

   $1,160,000

0

Average Price/Square Foot

0

$1,495

$1089

$988

0

 

Three Bedroom / Three Bathroom at the Dorchester Towers:

A very rare three bedroom and three bathroom apartment came on the market for sale in 2014.  This was a combination unit, combining a two bedroom/two bathroom unit with a standard one bedroom unit, with a total combined size of around 1900 sq ft.  It is a very large unit indeed for this building.  A unique sale with unique pricing, coming on the market asking $3,100,000 and closed for $3,426,000. On a price per square foot basis, this closed for about $1,800 sq/ft, which falls into a market price for what similar sized Three Bedroom condos are selling for in the neighborhood.

Dorchester Towers Condo Market Report Conclusions for 2014:

Prices went up significantly across all types of apartments in the building. With sales volume doubling within the building and pricing increasing at the same time in 2014 creates a very healthy environment for sellers.

We saw a run up in pricing in the Manhattan condominium market with a lot of buyers developing a certain level of “buyer fatigue” by the end of year-Going to multiple open houses and entering bidding wars to lose out time and time again.  Most indicators point to a strong market in 2015 but not as frenzied as in 2014.  The inventory levels are still historically very low, we see strong demand from cash buyers and interest rates are historically low as well creating that much more affordability.

Something else we found important was that in 2014, when the lobby renovation was 100% complete and the gym was 100% operational, buyers had a much better impression of the building than in years past and were more comfortable paying competitive pricing for the Dorchester condo units. With the hallway renovation still in planning stages but scheduled to take place, it positions Dorchester Towers condo to compete with neighborhood condominiums that much better.

We are Morgan Evans and Eileen Hsu, residents of the Dorchester Towers and we the consistent top selling Real Estate agents for the Dorchester Towers Condominium. We have the most thorough  track-record of results of any sales team, and we sell Dorchester for the best price and fastest compare to any other agent.

If you are an owner and are thinking of selling or renting your Dorchester Tower condo unit, Contact us for a confidential discussion of your Dorchester condo unit at (917) 837-8869. Or email us at Morgan.Evans@elliman.com or EHSU@elliman.com

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