Halstead Property, LLC
http://jenetlevy.halstead.com for all NYC listings
I think The Element is also down from the 2007-2008 prices. Forgot to mention it.
Jeff Sholeen, SVP
The Corcoran Group, Inc.
P.S. Forgot to mention that I live on Riverside Boulevard
The prices in the older (6 to 12 years sold) buildings, 200, 220 and 240 are below 2007-2008 prices (2006 was not the peak of the market - 2007-2008 was). The newer buildings such as 100 and 120 are just below the height. 60 (The Aldyn) and 80 (The Rushmore) are newer (60 is the newest - having been just completed) and their prices are higher than the other buildings because of their finer finishes (kitchen cabinets and appliances and finer bathrooms) and extravagant amenities such as very large, luxurlous health clubs, screening rooms, childrens' rooms, package rooms, more impressiver lobbies, etc. (the 60 RSB - Aldyn - health club is 40,000 s.f. for instance). The Element at 555 W 59 is trading below the height of the market). I recently sold an apartment in Midtown West for a higher price than it traded for in 2007, so the phenomena is happening in certain desirable areas where location and Park views, etc. are coveted. I hope that helps. It's a steady market right now with some increases in price (2010 went up about 14%. Manhattan wide).
Jeffery Sholeen, SVP, The Corcoran Group, Inc. ((212) 875-2821, (917) 846-8225, firstname.lastname@example.org
The Aldyn as well as the condos along Riverside Blvd, are in a very desirable area. It is like being in a gated community within NYC. I am in the middle of transacting a few deals in the Rushmore and the Aldyn as we speak. I do not think that the prices you are seeing as a fluke. The Avery, the Rushmore and especially the Aldyn, offer amenities that are normally not offered in most building. So it is only natural to see the general price per sq, ft. a bit higher. The Aldyn just hit 53% percent sold just a few days ago, and they have many contracts out for signatures, as per the sales office.
if you are interested in purchasing a property from the sponsor of any of the building i have mentioned, let me know and I could tell you approximately what kind of discounts the sponsor is offering from the asking price.
917 612 2746
Now as the architectural makeup of the area is becoming clear and the construction activity begins to settle, the result of all that land improvement is beginning to show.
I have a 4 bedroom 4 bath listing at The Alfred, a luxury condominium that stands right next to Lincoln Center, and next to the Fordham construction site. As the frame of the Fordham building began taking shape, the activity and interest in the building and the unit increased dramatically, and prices are beginning to firm up there as well. http://www.luxdwellings.com/?p=47
If you are in the area, I can tour you around the buildings this market area, and the complete picture will begin to form.
Feel free to call with any questions. Contact numbers are on my site.