Tag Archives: 155 West 68th Street

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.

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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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155 West 68th Street #2020 One Bedroom For Rent

155 West 68th Street unit 2020 New York, New York 10023 FOR RENT

Dorchester Towers Condo – this is a 20th floor Southern Facing True One Bedroom apartment for Rent at the Dorchester Towers.

Dorchester_Towers_2020_BedroomUnit 2020 is a sunny one bedroom has a direct southern exposure located on the 20th floor of the building. Ample closet space and a great layout make this a fantastic apartment for anyone looking to move to Upper West Side.

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Dorchester Towers has 24 hours doorman service, separate package room, on site management office, fitness center, residents conference room, and roof deck for residents use.

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This unit is Available February 1st, contact us to schedule an appointment.

(917)837-8869.

 

 

 

 

Click on link below for other possible rental units in the building:

Unit#906 For Rent (http://dorchestertowerscondo.com/dorchester-towers-condo-155-west-68th-street-unit-906-for-rent/)

Unit #1928 For Rent (http://dorchestertowerscondo.com/155-west-68th-street-1928-for-rent/)

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Dorchester Towers at 155 West 68th Street unit 34B

Dorchester Towers Condo located at 155 West 68th Street unit 34B 

NOW THIS IS SOLD!

Two bedroom and Two Bathroom in the heart of Upper West Side.

Tastefully Renovated, high-floor exposure and sunset views, spacious Two Bedroom Two Bathroom with dining alcove at the Dorchester Towers Condominium.

Dorchester Towers, 155 West 68th Street, 34B - Upper West Side, New York

Dorchester Towers, 155 West 68th Street, 34B – Upper West Side, New York

Brand new hardwood floors, Beautiful Western and Southern Views bring in amazing sunlight from this 34th Floor Apartment.

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Priced at $1,850,000

Call us today at (917)837-8869 to schedule an appointment and see this wonderful apartment for yourself.

We have successfully sold and leased multiple Dorchester Towers condo 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.

To see what others Dorchester owners say about us, click on this link below

http://dorchestertowerscondo.com/testimonials/

Read about Dorchester Towers Condo Market Report, click on link below

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

 

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Dorchester Towers Condo-Junior One Bedroom For Rent

Dorchester Towers, 155 West 68th Street, 1910 – Upper West Side, New York

This is a well laid out high floor (19th) Junior One Bedroom Apartment, including a dining room space, multiple generous closets, an open and sunny Western Exposure.

Dorchester Towers Condo located at 155 West 68th Street is one of the most desirable full service condo buildings in the Lincoln Center area of the Upper West Side neighborhood.

The building lobby is recently renovated and building is adding a Fitness Room.

THIS IS  available for $3600/month.

Amenities include full time doorman and concierge, laundry is on every floor up to the 22nd floor, roof deck, package room, storage and bike rooms, and a fantastic landscaped circular driveway. Located just a short distance from Central Park and Lincoln Center, this building is next to all major transportation(1,2,3), Upper West Side shopping and restaurants.

Contact us today (917)837-8869 to schedule an appointment to see this is great one bedroom rental in the heart of Upper West Side.

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155 West 68th Street #628 ALCOVE STUDIO ON MARKET

DORCHESTER TOWERS CONDO located at 155 West 68th Street New York NY 10023.

NOW SOLD OVER ASKING PRICE!

Call us (917)837-8869 to find out how much your Dorchester unit can sell for.

155 West 68th Street #628 ALCOVE STUDIO is on the market for sale. This unit has Eastern, facing Broadway exposure. It is a spacious alcove studio that is perfect for someone who seek to live in one of the most prime location of Upper West Side.

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Dorchester Towers Condo unit #628 is a Eastern facing alcove studio looks out over Broadway with tree-top views. A perfect designed layout with separate sleeping alcove and 4 closets, including a huge walk in closet.

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Dorchester Towers Condominium at 155 West 68th Street is one of the popular condo building  in the Lincoln Square neighborhood. It is close to both Central Park, Riverside Park and culture central Lincoln Center. Conveniently near subway lines, restaurants, shopping and dining make this one of the most prime Upper West Side locations.

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We (Morgan Evans and Eileen Hsu)  have been selling and leasing Dorchester Towers Condo units for many years and with our 100% track records, Dorchester Towers condo owners always opt to work with us when it comes to selling and leasing their Dorchester units. We are the TOP SELLING AGENTS of Dorchester Towers Condo, contact us at (917)837-8869 to Sell or Lease your Dorchester Towers Unit today.

Click link below to read the market report of Dorchester Towers condo.
Dorchester Towers condo 2012/2013 Overview

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Dorchester Towers condo One Bedroom for rent (RENTED)

155 West 68th Street, unit 1424 DORCHESTER TOWERS CONDO – Upper West Side

Beautifully Renovated Broadway Facing One Bedroom for Rent at Dorchester Towers.

The apartment is located on the 14th floor with highly desirable Eastern views overlooking Broadway.

Contact us today to schedule an appointment to see this is great one bedroom rental in the heart of Upper West Side. Or visit Midtown West Platinum Condo at 247 West 46th Street.

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Dorchester Towers Condo 155 West 68th Street Mid Year Report 2012

Dorchester Towers Condo 155 West 68th Street Mid Year Report 2012

The Dorchester Tower’s sales market so far in 2012 has not seen too much inventory come available, however most apartments have been selling quickly once they come on the market.  The initial open houses are seeing large amounts of foot traffic, with a number of apartments receiving offers within the first couple weeks of being on the market.  Below is a breakdown of what has sold so far this year.

Dorchester unit 230/231– Sold for $2,550,000, asked $2,690,000, 2221 sq

Dorchester unit 420-Sold for $585,000, asked $625,000, 571 sq ft

Dorchester unit 1132-Sold for Full Price, asked $899,000, 892 sq ft

Dorchester unit 29C-Sold for $1,255,000, asked $1,175,000, 956 sq ft

Dorchester unit 34B-Sold for $1,360,000, asked $1,450,000, 1174 sq ft

Dorchester Tower One Bedroom-Just the single unit has sold.  The One Bedroom market is extremely desirable in the building, low common charges and real estate taxes, combined with efficient layouts with generous closet space.  A well priced renovated Dorchester Towers One Bedroom apartment will sell quickly in today’s active market.

Dorchester Tower Junior 4-Two Junior Four Apartments sold in the first half of 2012.  Both were convertible two bedrooms, which is always a desirable option for a lot of buyers.

Two Bedroom-There are very few Two Bedrooms that come to market at Dorchester Towers and the one that did so far this year was on a high floor and had very nice western and southern views.  There is a pent up demand for well priced Two Bedrooms in the building, when something comes available expect it to sell quickly.

4 Bedroom/3 Bathroom-This unique apartment was a combination that underwent a gut renovation.  A unique apartment, we won’t see this apartment size come available too often in the building.

Dorchester Tower’s is going to be renovating the lobby, planned to begin in the late Summer. A hallway renovation is also planned, but details are still being finalized. There is also a proposal for a fitness room to be added to the lobby level of the building.

The renderings of the lobby renovation look extremely tasteful and we feel will greatly improve the first impression new buyer’s or renter’s will have when entering the building.  An updated lobby and fitness room will definitely improve the value of the apartments in the building.

The first half of 2012 saw increased buyer traffic, quick sales, with what we would say is very little room to negotiate for buyer’s.  Demand for well priced Lincoln Square condominiums for sale, puts Dorchester Towers condos for sale in a strong position as their is pent up demand for what is a relatively small amount of inventory.

We are very experienced and knowledgeable of Dorchester Towers Condo market for both sales and rental.Call us (917)837-8869 and we can discuss in details if you would like to sell or buy a condo unit in this wonderful building.

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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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One Bedroom for Rent-155 West 68th Street #702 (RENTED)

Great One Bedroom For Rent at 155 West 68th Street unit 702 at  DORCHESTER TOWERS – Upper West Side of Manhattan New York

THIS IS NOW RENTED.

This perfect one bedroom one bathroom condo unit has an efficient and traditional one bedroom layout, open living room combined dining space, unbelievable walk in closet and large storage space. Kitchen is renovated in excellent condition with stainless steel appliances, bathroom is also renovated with updated fixtures.

This is a completely a move in condition apartment, the unit is located on the 7th floor with the an Eastern view of the building’s landscaped garden and circular drive way.

To see it today call (917)837-8869 or email us. It is a fantastic one bedroom unit in the Dorchester Towers Condo.

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