Author Archives: Eileen

155 West 68th Street SUMMER END MARKET REPORT

DORCHESTER TOWERS  | 155 West 68th Street

SUMMER END MARKET REPORT

The summer months we saw a decent amount of activity for the sales market at Dorchester Towers.  Three different Two(2) Bedroom apartments came on the market for sale.  The prices ranged from $1,400,000 to $2,200,000.  One of those three apartments is currently In-Contract.  The average price per square foot for the Two Bedrooms was in the range of $1500-$1600 sq/ft which is very large increase from previous sales.

 
Dorchester units IN CONTRACT: The In-Contract listing was a listing that we represented the owner and we received a strong amount of interest and were able to secure a highly qualified buyer within 30 days of being on the market.  The other Two Bedrooms have both received interest and offers on them, but for various reasons have not had a buyer sign a contract yet, as of September 30th, 2013.
Dorchester_Tower_34B_exposure
We also saw Two(2) Junior-4 Apartments come on the market.  These Junior-4 (Convertible Two Bedroom) came on the market asking from $1,300,000 to $1,400,000.  The previous sales for a Junior 4 occurred closer to the $1,100,000 range.

Dorchester Towers Condo Renovation:The other notable project at Dorchester Towers was the completion of the lobby renovation that included a gym/fitness room to the amenity package.  As a resident of the building I can say that the lobby renovation was very tastefully done, the overall feedback has been extremely positive.  The addition of the gym when it is complete will also be a very welcome feature of living in the building.

Other than the alcove studio we sold back in the first quarter of 2013 for $709,000, we have not seen any standard One Bedroom’s or studio’s come on the market.  My prediction is that when one of these apartments does come available, if priced and marketed effectively will receive tremendous interest.

Dorchester Interesting Time! As we have  previously mentioned in our monthly newsletters, we are at an interesting time for sales at Dorchester Towers.  The building has drastically improved itself with the lobby renovation and the upcoming hallway renovations.  The overall sales market for condos like those found at Dorchester Towers is extremely robust, with very little inventory available.  Owner’s are asking more for the apartments than what we saw 1 or 2 years ago.  There is a tendency to push and push the pricing to an unrealistic limit and those apartments are still sitting.  We are at a time where asking prices will increase for Dorchester apartments with the features that today’s buyers are looking for(decent views, renovated, not noisy).  Just how much the prices will increase to is a function of what a buyer is willing to pay.

Morgan Evans and Eileen Hsu are both DORCHESTER TOWERS CONDO residents, and  top producing duo at Douglas Elliman Real Estate.

They have both sold and leased multiple units in Dorchester and consistently breaking sales record for Dorchester. It is no wonder Dorchester condo owners always work with Morgan and Eileen.

Call (917)837-8869 to see how Morgan and Eileen can help you with your Dorchester Towers condo unit today.

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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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Views from Dorchester Towers Condominium at 155 West 68th Street New York City

Different Exposures and Views from Dorchester Towers Condos at 155 West 68th Street

 

155 West 68th Street Dorchester Towers condo was originally built in 1965 and the building itself sit on entire city block between Broadway and Amsterdam from 68th to 69th St, it’s an interesting shaped block which you can see below on the google map that we have provided.

This is Dorchester Towers Condominium at 155 West 68th Street

One of attractive feature of the building is that Dorchester Towers has a very convenient circular driveway located on 68th Street and there is a garage entrance on the 69th St side, so essentially the building U-Shaped on both the North and South Sides of the building.  On the Amsterdam Side of the Building(Western Exposure) there is a tower portion of the building going up to 35 floors.  Because of the unique design of the building, apartment views and layouts come in a lot of different shapes, sizes and exposures.

Often buyers say to us: “We are looking to buy an unit in Dorchester Towers Condominium, what are the exposures and Views like?” Frequent question by buyers who haven’t seen the building in person yet, but may have had friends or family who lived in the building previously and are now recommending it.

Below are some examples of apartment views from the Dorchester Towers.

Recently the request we have been receiving a lot more for is that, “I want to buy a Broadway facing apartment for sale at Dorchester Towers.” The Broadway side is definitely desirable, Eastern exposures bringing in morning light, Broadway has a nicely landscaped median and it is much wider than most New York City streets bringing in much more light and distance from neighborhing buildings.

BroadwayView_14thFloor

On the Broadway side of the building, Dorchester Towers rises up to 21 residential floors, with the common roof deck located on the 22nd floor.  So depending on the apartment floor the view will be different.

BroadwayView_6thFloor

The Amsterdam side with its Western exposure is also very unique.  Lots of Western light in the afternoons and even sunset views from the Tower Portion of the building are available

AmsterdamView_15thFloor

The Western exposures at Dorchester Towers bring in tremendous sunlight for a number of reasons.  Amsterdam Avenue is another street that is wider than the average New York City street, and from 68th to 69th Streets the adjacent building only rises 6 floors, so currently nothing blocks the view.

AmsterdamView_7thFloor

Finally here is a view from the circular driveway of the main entrance on 68th Street.  These views are the most difficult to obtain as the U-shaped aspect of the building creates a number of different exposures.  Seeing them in person is really the best way to get a feel for the exposure.

68thStView_7thFloor_SE

As one of the most active and successful real estate teams selling Apartments at Dorchester Towers, we have sold apartments facing every direction in the building and can talk in detail about what each view is like.  The Dorchester Towers Sales Market has been very hot as of late, the last apartment we sold had multiple offers.  With the lobby renovation in progress and the addition of a gym to the building, we anticipate even more demand for this already in-demand building.

Call us today if you are interested in buying or selling a Dorchester Towers Condominium Apartment at (917) 837-8869.

 


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Dorchester Towers Condo SPRING 2013 Market Report

Dorchester Towers Condo SPRING 2013 Market Report

The first four months of 2013 at Dorchester Towers saw just One (1) apartment come on the market for sale.  We had the opportunity to list apartment, 628, an alcove studio  facing Broadway.  The asking price was $689,000 and it went into contract very quickly at over asking price! A real lack of inventory exists on the marketplace right now.  Dorchester Towers is of no exception when it comes to the lack of market inventory, as active brokers in the building we consistently receive phone calls from interested buyers focusing their search on anything available in the building.  So if you are thinking of selling, now would be a great time to give us a call.

With the Spring Market upon us, the uptick in the rental season is in place.  This is the time of year that rentals are at their peak, with more and more rental buildings being built in our neighborhood figuring out the best way to find a tenant has never been more important.  High end rental buildings are sprouting up what seems everywhere in the Upper West Side right now.  First right across the street between 66th and 67th on Amsterdam, a 20 story luxury rental building is planned that anybody who lives on the Western side of Dorchester is so familiar with. Then you have the massive tower being built on 62nd and Amsterdam, that is suppose to be adding somewhere in the 330+apartment range to the marketplace.  A new luxury rental at 77th and Broadway the Larstrand is supposedly close to completion.
Dorchester_Towers_condos
There will be a lot of competition for higher end rentals in the foreseeable future in the neighborhood.  Dorchester Towers is essentially surrounded by these types of buildings, you have the Aire at 200 West 67th Street, The Corner at 72nd and Broadway, and these new luxury rentals still in development.  So the question is, What to do with your Dorchester Tower apartment if you need to rent it.  The answer in our opinion is all about positioning, pricing and exposure.  Competing with a brand new building  with its 100% higher end renovated units, all of the amenities you can ask for, is going to be difficult if a unit owner wants the same level of rent as those buildings will command.
As the weather warms up in New York city, this is a good time to contact us if you are thinking of selling or renting out your Dorchester Towers condo units. We have a list of previous Dorchester condo owners that have worked with us and would be happy to recommend us to you. Call us today at (917)837-8869.

 

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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.

155West68thStreet628_LR3

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.

155West68thStreet628_VIEW

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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155 West 68th Street Dorchester Towers Condo TWO BEDROOM MARKET REPORT year 2012/2013

155 West 68th Street New York NY 10023 is the address for Dorchester Towers Condo located in the Lincoln center area of Upper West Side. The building is conveniently located near all the shopping, transportation, Central Park, Riverside Park, and Lincoln Center. This is a great building and many buyers and home seekers often looking for TWO BEDROOM in this building, play our market report video to learn more. We would love to hear from you if you would like to discuss more in details.

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Dorchester Towers condo 2012/2013 Overview

DorchesterTowers_2013_Overview

Dorchester Towers Condo 155 West 68th Street is one of the most popular Upper West Side condo because of its location and desirable layouts in each unit. Morgan Evans and Eileen Hsu sold and leased many units in the building, here is Morgan Evans discuss market report 2012 and prediction for year 2013.

 

one of our favorite Midtown West Condo, the Platinum 247 West 46th Street.

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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

Dorchester_Sold_Rent_3rowB

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

Dorchester_Sold_Rent_3row

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.  

DORCHESTER_portrait_BW

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 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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