Category Archives: Dorchester Towers NYC

155 West 68th Street #524 One Bedroom On Market Sale

Dorchester Towers Condo  155 West 68th Street #524 One Bedroom For Sale ***THIS IS NOW SUCCESSFULLY SOLD AND CLOSED***

Beautiful Eastern Views of Picturesque Broadway from this Spacious One Bedroom Condo for Sale at the Dorchester Towers. Great Kitchen with a fantastic layout. Extremely generous closet space including two walk-in closets and spacious entry closets.

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Dorchester_524_view

This sunny one bedroom in Dorchester Towers has spacious living room layout that allows a dining spacing as well as other functional layout ideas.

 

 

Currently the living room has been partition off as second bedroom space.

Dorchester 524 Living room partition

155 West 68th Street #524 Living room window

Both kitchen and bathroom has been updated to move-in condition. 

155 West 68th Street Kitchen

155 West 68th Street 524 Bathroom

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Please note: THIS IS A SHORT SALE. Subject to lender approval.

Must be an ALL CASH purchase.

Lender approval process approximate 4-6 months.

Sale Price: $870,000

Common charge: $523/month
Real Estate Tax: $594/month
Assessment: $135/month
Size: 643 sq ft.
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Dorchester_524 Floor plan

 

 

 

Dorchester Towers Condo has a circular entryway allow easy drop off for passenger or groceries that is a convenience that is often overlooked.

Dorchester Towers Building amenities include a  around the clock doorman, concierge service, a newly built fitness room, on-site management, live-in superintendent,  laundry on every floor up to the 22nd floor, bike and personal storage rooms, and on-site parking.

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

 

 

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Morgan Evans and Eileen Hsu, residents of the Dorchester Towers are the consistent Top Selling agents for the Dorchester Towers Condominium.

We have the most thorough track record of results of any sales team, we sell Dorchester for the best price and fastest compare to any other agent.  We know which banks will finance in the building, which contractors to hire to get the apartment ready to be shown, when is the best time to come on the market for sale, everything you need to assure a successful transaction.

*****THIS IS NOW IN CONTRACT******

If you are a Dorchester Towers condo owner and are thinking of selling or renting your Dorchester Tower condo unit, we welcome to 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

Read about Dorchester Towers condo by click on links below:

http://dorchestertowerscondo.com/dorchester-towers-condo-2013-year-in-review/

Watch our video about Dorchester Towers Condo:

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Dorchester Tower Condo #927 BROADWAY FACING One Bedroom For Sale

Dorchester Towers Condo 155 West 68th Street #927 BROADWAY FACING One bedroom for sale.

(THIS IS NOW SOLD and CLOSED)

This spacious one bedroom unit located on the 9th floor of Dorchester Towers Condo.

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Dorchester Towers unit 927 has ample closet spaces in the apartment, it is one of the most desirable feature for many buyers who are looking for extra closet space in Manhattan New York.

From both living room and bedroom windows with open Broadway. The apartment face East and very sunny throughout the day.

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Dorchester Towers condo ViewFLoorplan_927_dorchester

Sale Price: $899,000
Common charge: $528/month
Tax: $599/month
Assessment: $136/month
Size: 671 sq ft.

This is one of the very first one bedroom for sale with Broadway facing exposure.

Unit#927 IS NOW SOLD and CLOSED.

If you would like to be on the first to call waiting list for Dorchester Towers Condo, or Dorchester owner that would like to know the fair assessment of your Dorchester unit, Call us at (917)837-8869 or email Morgan.Evans@elliman.com , we can talk about your specific unit in Dorchester!

 

 

 

 

 

 

 

 

 

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All information regarding a property for sale, rental, taxes or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.
The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom.

 

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Dorchester Towers Condo 2012 Year in Review Market Report

Dorchester Towers Condo 2012 Year in Review Market Report

We would characterize the sales market at Dorchester Towers reflecting the overall Manhattan sales market, very little inventory with pent up demand.  Overall, there were 8 total sales in the building; 7 that came on the market and 1 off market sale.  For our purposes we only follow the transactions that occurred on the open market as we do not have enough information regarding off market sales.  Prices were UP in 2012, with the evidence of some very strong sales for larger units. With very few apartments coming on the market, when an unit did come available open houses with high exposure marketing, it were full and strong offers were made.  We predict more of the same in the 2013 sales market.

Let’s jump into the individual segments of the Dorchester Towers Sales Market.

Studio/Junior 1 Bedroom at Dorchester Towers:

No Studio or Junior 1 Bedroom condos came on the market for sale in 2012.  Unlike in 2011, when there were Six (6) sales in the building.  So we do not have any hard evidence to compare numbers, however the sales market for entry level apartments has been in very high demand.  A lot of the studio units at Dorchester Towers have the highly desirable Alcove Studio layout.  They also typically have very low common charge and Real Estate taxes making them ideal for investors and first time buyers.  Looking at the year 2010, 2011, sales figures prices have gone up, we expect the same for year 2013 when a seller works with the right agent with maximum market exposure.

2012

2011

2010

Number of Units Sold 0

6

1

Average Price

0

$587,965 $560,000
Average Price/Square Foot

0

$1,008 $1,025

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One Bedroom at Dorchester Towers:

There was just One (1) Sale for this segment of the market in 2012. The One Bedroom market at Dorchester Tower’s is definitely one of the most sought after types of apartments. When you compare one bedroom pricing to that of the One Bedrooms in other surrounding condominium buildings we come in a lot lower. The average one bedroom in neighboring buildings (Coronado at 155 West 70th Street, Copley at 2000 Broadway, Alexandria at 201 West 72nd Street) typically will start at $850,000 and up from there.  Those are newer buildings which have more amenities than Dorchester (for now), but when the average price for a Dorchester One Bedroom being is usually more than $100,000 less, it creates a lot of demand for buyers who are looking to buy in this neighborhood and are price conscience.

In 2012, we had just One (1) sale for a one bedroom apartment, which we represented the owner.  The price point it sold for can be slightly misleading in regards to what a typical one bedroom will sell for in the building.  It was a lower floor (4th) 20-Line layout (South facing), the smallest One Bedroom (571 square foot) configuration that was in an Original year 1964s Condition.  When looking at the price per square foot calculation, it sold at what we consider is a good price for both the seller and the buyer considering the work that would have to be completed.  We have sold many units in Dorchester Towers, so we priced the unit according to various factors to maximize profit for the sellers. For a renovated, higher floor One Bedroom with an improved exposure, either exposure East (Broadway) or West (Amsterdam), you could easily expect pricing to be significantly more.

2012

2011

2010

Number of Units Sold   1

6

3

Average Price

$585,000

$667,500 $646,833
Average Price/Square Foot

$1,025

$1,064 $1,030

1910_view

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

The Junior Four (Convertible Two Bedroom) Market is one of the most interesting segments in the building.

We look at this apartment segment as two different sections: The apartments with 1 bathroom and those that have 1.5 bathrooms.   The reason being is that there is a considerable price difference between the two.  When it is priced correctly, both sections of the Convertible Two bedroom market see a lot of demand, but the last two sales this year that had the 1.5 bathrooms showed overwhelming demand.  Essentially these apartments that can be converted to a Two (2) Bedroom with their 1.5 bathrooms function as a mini-Two Bedroom apartment, and are priced significantly lower than what a True Two Bedroom/Two Bathroom is selling for.  Where else can you buy an apartment that functions like a Two Bed/Two Bathroom Condominium for around $1,000,000? There is a lack of inventory in the neighborhood for Convertible 2 bedrooms under $1,000,000 in the Lincoln Square area of the Upper West Side.

2012

2011

2010

Number of Units Sold

3

6

3

Average Price

$1,061,333

$953,333

$920,000

Average Price/Square Foot

$1180

$1038

$1034

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Two Bedroom at Dorchester Towers: 

We receive more requests for Two Bedroom Apartments than any other size of apartment in the building.

We also have a waiting list of all cash buyers that have lost out on other sales. There just are not that many two bedrooms in the building.  Mainly found in the high floor tower section of the building, the two bedroom market performed well in 2012.  In 2012, we saw Two, Two (2) Bedroom apartment sell, one in the tower on the 34th Floor with 2 bathrooms and the other was a combination unit of the 16 Line (large studio) and the 15 Line (One Bedroom) that was converted to Two Bedroom with home office and Two Bathrooms.  Demand for Two Bedroom Apartments is extremely high right now, especially if it is priced and marketed properly. We expect multiple interested buyers when the next fair priced Two Bedrooms comes on the market with the proper market exposure. Dorchester owners who worked with us are often impressed by our experiences and market information of the building and marketing efforts.

2012

2011

2010

Number of Units Sold

2

1

0

Average Price

$1,392,500

$1,160,000

0

Average Price/Square Foot

$1089

$988

0

 

A Combination 4 bedroom/3 bathroom sold in 2012:

This beautiful apartment was located on a low floor.

A combination of the 30 line and 31 line with a South/East/West Exposure.  This combination was sold for $2,550,000 and was on the market asking $2,690,000.  This apartment had been gut renovated and was in mint condition.

Dorchester Towers Condo Market Report Conclusions:

Dorchester Towers condo units sold very well in 2012, much like the entire condominium market in Manhattan New York.  There are limited inventory coming available with pent up ready and willing buyer demand created multiple offer scenario’s and higher prices than past years especially when the property is well priced and aggressively marketed to reach a wide audience. We feel that any Dorchester owner/seller who was waiting for prices to bounce back is now looking at an opportunity that supply is extremely limited and buyer demand is just waiting for the right apartment to come on the market.

We are the consistent Top Selling agents in Dorchester Towers condo.  

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We successfully sold and leased multiple units because of our intimate knowledge of Dorchester such as past building history, most recent 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 this wonderful building we live in.

In this consumer savvy and an immediate need for information days and age, it is most beneficial for owners to work with agents like us who are extremely experienced and familiar about Dorchester Towers and be the advocates for you when you decide to sell or lease your Dorchester Tower units.

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.

If you would like to receive an Exclusive Detailed List of each apartment that sold at Dorchester Towers in 2012 including our personal Insights email us at Morgan.Evans@Elliman.com and ask for Dorchester 2012 Sold List.

 

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Dorchester Towers Condo Rental Market Report Spring 2012

Dorchester Towers Condo 155 West 68th Street Rental Market Report Spring 2012

Spring Summer season is one of the most optimal time for both condo owners and renters to be on the market looking for their ideal rental unit.

Most people do not likes moving in the middle of the winter, even an uncommonly mild Winter weather one like we just had.  Because of this, many of the rental leases are usually up for renewal in the Spring or Summer time of the year.

We have been assisting Dorchester condo owners selling and renting their units for many years now, and it is in our experiences that Spring rental market is traditionally the strongest time for owner’s to be able to maximize the rents received for their condo investment.

At the Dorchester Tower’s there is a unique rental market.  Mainly it is because about almost half of the building is owned and rented out by the sponsor and the other units are owned by individual owners. A potential interested tenants can either rent directly from the sponsor’s management company or an individual owner depending on availability.

Spring Flowers at Dorchester Towers Driveway

At Dorchester Towers Condo, the Sponsor’s Management units are usually updated to a good to brand new renovation.  Condo owners have a varying degree of renovation.  The most challenging to rent units are the 1960s original condition or somewhat original condition apartments.  There are also condo owners who have completed some beautiful renovations, surpassing the management renovations.

Condo owners have a choice to decide whether they will allow a pet in the apartment or not, the sponsor managed unit will allow pets with appropriate disclosure signed.  There is a pet policy that has to be followed.  If you are a Dorchester Towers Condo, please keep in mind that if you prefer tenants not have pets of any kind, dogs or cats typically, that will narrow down the pool of potential tenants.  We have rented many Dorchester Towers units for many condo owners,  and from our past experience, we would say that 25% of people seem to have a pet of some kind.

Pricing for a Dorchester Tower’s Rental units as of 4/2012:

  • Studios- $2500-$2900
  • One Bedrooms-$3000-$3500
  • Junior 4(Convertible Two)- $3800-$4700
  • Two Bedroom/Two Bathroom-$5200+

Sponsor management units command a higher rent than a condo owner.

If you are interested in renting an apartment at Dorchester Towers call us today at (917) 837-8869.

These are active units as of month of April of 2012, to use these prices as a guide, keep in mind that the prices will depend on several factors: market inventory, exposure, renovation, floor height, and different terms of the offer of the potential tenant.

If you are a Dorchester Towers Condo owner, Please call us (917)837-8869 so we can discuss in specific details on your Dorchester unit if you are a Dorchester Towers unit (mail us at Morgan.Evans@Elliman.com or EHSU@elliman.com)

 

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Dorchester Unit#710- Junior One Bedroom *RENTED*

Dorchester Towers Condo located at 155 West 68th Street New York NY 10023 is one of the most sought after condos in Upper West side. The building has 24 hour concierge service, separate mail package room, roof deck, multi-floor laundry and on site management office. This recently converted Junior One Bedroom apartment has a brand new renovated kitchen with stainless steel appliances and brand new renovated bathroom. It has ample closet storage space. The apartment has sunny Western exposure and open street exposure. It is a brand new renovated Junior 1 Bedroom apartment available immediately.

Call us (917)837-8869 to see this Junior One Bedroom today.

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Dorchester Towers

The Dorchester Towers Condominium in Upper West Side located at 155 West 68th Street New York New York 10023 offers a unique ability for your residential (sales and rental) needs.  Dorchester Towers is one of the largest  full service condo buildings in the heart of Upper West Side neighborhood.


At the Dorchester Towers Condominium, the circular driveway
and the landscaped garden leading to the renovated lobby is the first thing you will see.  Doorman and concierge await you as you enter the spacious foyer.  A separate package room that will accept your dry cleaning, parcel delivery and mail drop offs. There is an on-site management will handle your inquiries, and friendly building staff that will make your condominium living convenient and at ease.

In Dorchester Towers Condo, there is a total of nine elevators.  It has about 680 units spread out over 35 floors. There are laundry rooms on every floor up to the 21st floor.  Garage facilities are also attached to this condominium building with separate monthly leasing fee.

In addition, Dorchester Towers Condo also has a roof deck with stunning views of Manhattan cityscape. The roof deck has manicured plants and lounging chairs and tables for sunbathing or a leisure enjoyment whenever the weather permits.

To find out more news and updates about Dorchester, you can read about here or give us a call.

We are Morgan Evans and Eileen Hsu, we are Dorchester residents, we love living in Dorchester Towers Condo. We work as Full time Real Estate agents that have very successful experiences selling Dorchester condo units because of our intimate knowledge of the building, neighborhood and creative marketing plan.

We welcome you to contact us if you are considering in sell your Dorchester condo unit or moving into this wonderful building.

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