Have you heard the news? Pre-existing home sales are at a 30-month high as of October, according to a National Association of Realtors (NAR) report released on Monday. The pace in New York City seems to be picking up too.
Sales
Two condos made mass listings on Tuesday. The Lenox (380 Lenox Ave.) in Central Harlem has a total of 21 active sales listings and 17 active rental listings. Here, a two bedroom/ 2 1/2 bathroom apartment costs $1,441,450. Their developer, Uptown Partners, is offering two years of free mortgage payments.
“We will pay all the carrying charges—mortgage, common charges, real estate taxes,” said Sharon Rosenberg of Griffin Real Estate, which listed the units. Buyers have the option of taking the two years free, or having the discount apply to the payment plan. “I think it’s a great opportunity,” Rosenberg said. “It’s equivalent of a 15 percent discount, basically.”
Another condo listed several units recently. Some of the units at 160 East 38th St in Murray Hill will be auctioned on BidOnTheCity.com, the auction site for real estate in New York. The auction is scheduled for Dec. 8 and the starting bid will be $599,000. At this address are 16 sales listings, five of which are listed on Streeteasy for online auction. Units include Jacuzzi bathrooms and renovated kitchens.
Forty-two sales were recorded across the city over the past week, including two co-ops in Bay Ridge, a $2,525,000 condo in Soho, and a couple houses in Brighton Beach.
Rentals
A variety of rentals came onto the market this week. First up is 2750 Broadway with three bedrooms and two bathrooms for $4,500. The address is on the 1/2/3 subway lines, is pet-friendly, and comes with a washer and dryer.
The two-bedroom, two-bathroom condo building at 325 Fifth Ave. for $7,500 a month you’ll be paying for a swimming pool, coed sauna and steam, yoga/aerobics room, screening room, children’s playroom, business center, and lounge. With amenities like that, who would want to leave home?
Those Manhattanites with a penchant for brick walkups, there’s a studio at 200 W. 123rd St. for $1,200 and no fee. The Central Harlem apartment is on the fourth floor of a five-floor walkup.
New Developments
Price movers this week in new developments are truly a mixed bag.
Massive One Brooklyn Bridge Park with its 111 listings upped the prices on nine of its apartments but lowered the prices on two appartments. This riverside building has the views and fancy fixtures: Italian kitchens by Dada and Asko washer/dryers.
Central Park Plaza at 1851 Adam C Powell Blvd. is have the opposite experience of One Brooklyn Bridge Park. They posted one price increase and three decreases this week. An typical three-bedroom costs $975,000 at this pre-war condominium conversion.
The Vista at 1600 Beverly Rd. in Brooklyn is picking up some steam with four price increases (a two-bedroom is $520,000 ) and the Amalfi in Astoria dropped prices on seven units (a two-bedroom is $610,100).
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