MANHATTAN CONDO LIVING AT IT'S FINEST
Now Asking $775,000
Welcome home to Manhattan Place!
Manhattan Place is a full-service luxury condo in Murray Hill. The building is well known for having one of the most awe-inspiring rooftops in the city. Apartment 5H features stunning south-western views of the Empire State Building and midtown Manhattan. The apartment has a spacious layout with parquet wood floors and plenty of closet space. The apartment needs updating, but the bathroom has already been renovated by the current owner.
The rooftop features an indoor pool and hot tub, a tenant lounge with bar, two outdoor sundecks, a fitness center with locker rooms, and an indoor running track with stunning 360-degree views of the city. The building also includes a full time doorman, a laundry room, a storage room, a children's playroom, and a parking garage. The building is walking distance to multiple subway lines, the NYC Ferry, Grand Central Terminal, Penn Station, and the midtown tunnel. The price is negotiable. Contact the listing agent to schedule a showing today!
Neighborhood: Murray Hill
Building: Manhattan Place
Address: 630 First Avenue, New York, NY 10016
Unit #: 5H
Monthly CC & taxes: $1,650
See full listing here
Listed by Colin R. O'Leary at Berkshire Hathaway HomeServices New York Properties
Colin R. O'Leary
Licensed Real Estate Salesperson
Berkshire Hathaway HomeServices New York Properties
590 Madison Avenue, 37th Floor | New York, New York 10022
The the graph above from Streeteasy.com illustrates the supply of available condos, co-ops, and houses in New York city over the past decade. We’ve had a major construction boom in NYC over the last decade that has caused sales inventory to rise. All of this new inventory on top of resales (older properties) has created a buyer's market in many parts of the city.
Right now in October 2019, NYC has a little less than 20,000 residential listings on the market, a slight decrease from earlier this year. Sales inventory is the highest in Manhattan, followed by Brooklyn and then Queens. Sales inventory could continue to increase over the next couple of years. Contractors and developers in NYC filed for nearly 166,000 permits in 2018, according to the Department of Buildings.
Governors Island is a 172-acre island in New York Harbor in New York City. It's one of New York's lesser known tourist sites but that is quickly changing. Governors Island is located 800 yards south of Manhattan, and just 400 yards west of the shores of Brooklyn. This island is small but has big history. It first served as a military post during the American Revolution. From 1783 to 1966, the island was operated by the United States Army mainly as a training facility. In 1966 it became a United States Coast Guard installation until the island was decommissioned as a military base in 1996. Since then the island has been jointly controlled by the National Park Service and a non-profit called the Trust for Governors Island.
The National Park Service administers two former military fortifications on the north side of the island named Fort Jay and Castle Williams. The Trust for Governors Island maintains the remainder of the island which includes 52 historic buildings, abandon military housing, food trucks, art exhibits, and large green spaces. The island is now open to the public from May to September and has become a major tourist attraction. I recently traveled to the island and took some photos of the historic sites and more recently added sections of the park. Enjoy!
Just Listed in Murray Hill! 1 Bedroom/1 Bathroom full-service condo at Manhattan Place. Great layout with views of the Empire State Building. Awesome rooftop with gym, pool, and two outdoor sun decks. Asking $799,000.
See full listing details here
I recently visited the Woolworth Tower in Lower Manhattan. The building originally opened as an office tower back in 1913. The historic building stands 792 ft tall and was the tallest building in the world until 1930 when it was surpassed in height by the Chrysler Building. A few years ago the historic building was redubbed the "Woolworth Tower" and approved to be converted into luxury condos on the upper floors. Here's a look inside one of the new condo units at Woolworth Tower.
One Vanderbilt is a brand new 77-story supertall office skyscraper currently under construction next to Grand Central Station. Designed by Kohn Pedersen Fox and developed by SL Green, the new skyscraper will rise to 1,401 ft when completed next year. The new skyscraper will offer visitors some of the most stunning views in Manhattan from its new 1,020 ft observation deck. Checkout the video below to see an update on the construction of the project.
There's an epic air show coming to New York City this Thursday, August 22nd. The Royal Air Force Red Arrows from the United Kingdom will join the U.S. Air Force Thunderbirds and F-35 Lightning II Demo Team in a historic 3 team flight. The jets are scheduled to fly south down the Hudson River and then over the Statue of Liberty at approximately 9:30 am. After the jets fly south over the Statue of Liberty, they will return north and make a pass over the United States Military Academy at West Point, prior to landing back at New York Stewart International Airport. Spectators in the city can get good views of the air show from Battery Park in Lower Manhattan.
DJ Zap is not just any ordinary party DJ – DJ Zap is a transformative event entertainment experience. Founded by Jason Zaplin, DJ Zap and his team of MC's, professional performing DJ's, stage lighting experts, and Broadway dancers keep hosts and guests on the dance floor, smiling from ear to ear all night! DJ Zap and his team ensure that your event is memorable and remarkable. Every event with DJ Zap is guaranteed to bring Energy, Enthusiasm, and Entertainment!
What you can expect from DJ Zap and his crew
Energy – All the staff at a DJ Zap event brings bounds of energy to each event. Guests and hosts will feel the genuine, moving energy from the beginning to the very end of your event.
Enthusiasm – At DJ Zap, entertaining isn’t a side gig—it’s their lifestyle. DJ Zap president Jason Zaplin has been in the business since he was 10 years old. He’s hosted hundreds of events over the years, and even has a culinary background that lends to his complete understanding of what makes an event truly amazing.
Entertainment – They are not just a DJ company — they're an entertainment experience! The DJ's, dancers, and crew are top-of-the-line professionals who DJ Zap hand-picks to make sure each client receives only the best.
Contact DJ Zap today!
The Manhattan market is still in reset mode. Thousands of apartments are lingering on the market, both new development and resales. It's a buyer's market in most neighborhoods, especially in the condo market. Interest rates are still near historic lows. The rate for a 30-year Fixed Rate Mortgage is currently at 3.875, according to Wells Fargo. More deals are getting done this year as prices have come down and interest rates have dropped from nearly 5%. The number of contracts signed in Manhattan has increased year-over-year, according to the Berkshire Hathaway HomeServices New York Properties 2nd Quarter 2019 Manhattan Market Report.
The townhouse & co-op market is showing mixed results in different parts of the city, while condo prices have decreased in all sections of Manhattan year-over-year. The median closed sales price of a condo in Midtown is $1,215,000, down 9% compared to the same time last year. The condo market on the Upper East Side & Upper West Side has dropped the worst of all sections of Manhattan. The median closed sales price for a condo on the Upper East Side is $1,450,000, down 16.7% year-over-year. Similarly, the median closed sales price for a condo on the Upper West Side declined by 17.6% to $1,600,000. The median closed sales price for a condo in the Downtown market is $1,588,000, a decrease of 11% year-over-year. The median closed sales price for a condo in Upper Manhattan is $806,000, a decrease of 2.3% year-over-year.
The co-op market is showing mixed results in Manhattan. The median closed sales price has gone in Midtown & the Upper East Side. The median closed sales price for a co-op on the Upper East Side is $1,072,000, an increase of 7.4% year-over-year. The median closed sales price for a co-op in Midtown has gone up similar by 7.5% year-over-year. Meanwhile, the median closed sales price for co-ops has decreased in all other sections of Manhattan outside of Midtown & the Upper East Side. The largest decline in the co-op has occurred in Upper Manhattan, where the median closed sales price is $490,000, a decrease of 12.5% year-over-year. The median closed sales price for a co-op on the Upper West Side has dropped 8.7% year-over-year to $975,000.
It's a seller's market for townhouses in Midtown and Downtown, where townhouse prices are 5% & 6% year-over-year. The median closed sales price for a townhouse in Midtown is $4,525,000, an increase of 5% year-over-year in Midtown. The median sale price for a townhouse in the Downtown market is $7.8 million, an increase of 6% year-over-year. The median sales price for townhouses on the Upper West & East Side has declined. The median closed sales price for a townhouse on the Upper East Side is $9,250,000, a decrease of 17% year-over-year. Similarly, the townhouse market on the Upper West Side has declined 12% with a median closed sales price of $7,100,000.