About Manhattan's Central Park West

We are full time, knowledgeable, experienced Manhattan New York Real Estate professionals that have help facilitate buyers from either United States or parts of world investing their money in Manhattan New York condominiums.

Through out the years, we have compiled a great list to reads and become a very valuable guide to the buyers who want to understand our unique market place.

Before the year end of 2011, here are some of our best selections of "HOW TO BUY" blog posts to give potential buyers an overview of our market place.

How to Buy Manhattan New York Condo (buying procedure)

How to Buy As Parents buying for children Must Read

How to Buy As Foreign National Buyers Must Read

How to Buy As First time Investor Buyers Must Read

How to Buy as Mandarin Chinese Speaking Buyers Must work with a bilingual and market expert

Please stay tuned, we will compile other lists with different housing inventory, featured condo buildings, Manhattan New York neighborhoods, Frequent Asked Questions blog posts and much more.

Call us today at (917)837-8869 to discuss your specific needs in private.

Over the past few days, I've walked all over New York, and like your typical tourist (or blogger), I've had my camera in hand. And one thing I've noticed is that there seem to be gargoyles all over the place. There are on top of part of the Museum of Natural History at 77th Street, near Central Park West.

Last night, after I got home, I took the memory chip out of my camera to upload this photo onto my computer. Then today, I set out again to take a bunch more photos, and I did. Only thing is, I forgot to replace the chip - something I didn't notice until mid-afternoon.

Yikes!

Some day, I'll learn!

I did have a spare camera in my purse, but the damage had already been done.

Central Park West commonly referred as CPW is the avenue on the Western side of Central Park. Starting from 59th Street to 110th Street, Central Park West (CPW) is one of the most desirable streets to live on in all of New York City.

Central Park West is home to some of the most desirable and historical apartment buildings in the past and present of New York City.  Probably the most famous being the Dakota located at the corner of 72nd and Central Park West.  The Dakota was the home of John Lennon and still is for Yoko Ono. Some of the other architecturally significant buildins include the San Remo, the Beresford, the Eldorado, the Langham and the Majestic.

More recently 15 Central Park West was built as a new construction condominium built with a pre-war aesthetic.  15 Central Park West has been one of the most successful and desired condominium buildings in Manhattan. Next to 15 Central Park West you have the Trump International Hotel and Tower. 

If you are ready to fight through the crowds you can watch the Macy's Day Parade every year on Thanksgiving as it goes along Central Park West.  Another notable destination is the Natural History Museum along Central Park West. 

There are very few condominium builidngs right on Central Park West.  Most of the apartment buildings are cooperative apartments built in the 1930's.  That is why any condominium along Central Park West is highly desired.  Views of Central Park are iconic and desired and apartments facing Central Park West are equally expensive and desired.

Learn How to Buy a Manhattan New York Condo as first time investor. We are Manhattan Condo Specialists, we help finding suitable condos for first time investors, first time home buyers, parent buying for children and foreigner buying in Manhattan New York.

Buying a Manhattan New York Condo as first time investor you should have a clear goal of what you plan to achieve in this investment. Is this a 5 year Real Estate plan or 10 year Real Estate plan? Why do you feel is the time to invest? Are you going to have a tenant in place the entire duration or only part of the time. Have you discuss this with your accountant to understand how to structure this transaction to recieve the most tax benefits or possible tax complications?

Buying a Manhattan New York Condo as first time investor, you should 'play it safe', do not over leverage yourself. If you are planning to buy the condo all cash, that is always desirable when presenting offers to condo sellers. Keep in mind that you should have enough equity in case there is an increase in monthly carrying charge for this condo or other misc mishappens. If you are planning on financing this investment, be sure to speak to alocal Manhattan lender that is familiarize with the market, the lending rules, and the mortgage products that may be suitable for you. We can recommend you a reliable and knowledgeable Manhattan mortgage consultant or You may have a bank that you are currently banking at, you can ask them to refer you a Manhattan branch mortgage banker as well. As an investor, the mortgage interest rate will be slightly higher than others, it is important to keep that in mind when figuring out your monthly expenses.

Buying a Manhattan New York Condo as first time investor, team up with us, the experienced Manhattan Condo specialists that can guide you through this process and navigate through the Manhattan Real Estate maze. Whether you are a first time Real Estate investor, or an investor that have bought and sold multiple properties in other parts of United States or country, we can help. Understanding the local market with the market expert can maximize your investment and avoid any possible problems down the rule. Many of our past clients are first time investors, they have bought many Manhattan condos under our guidance and continue to do so because we have developed a Real Estate plan for them. If this is something you are interested in, contact us now at (917)837-8869.

Or contact us: http://manhattannycondosforsale.com/contact/

Manhattan New York condo buyers frequent asked questions:

• HOW TO MAKE AN OFFER in Manhattan New York Condos Market?
• Who can fix my Manhattan New York condo if something breaks?
  
• What is a Sales Application in buying Manhattan New York condos?
• Are Manhattan New York Condos pet friendly?
• Does Manhattan New York condos have garage?

How to Price your Manhattan New York Condo.

How do you price property in today's Manhattan Real Estate market? If you ask 10 different brokers what your apartment is worth, you will probably get 10 different answers. Do you price your property for what your neighbor got for his 4 months ago, right before the financial crisis hit? Do you price it a little bit lower than all the other listings available in your building? Do you take the advice of the one broker who says that they can get you 100k more than everybody else said they could??

It depends.... pricing property is a combination of art and science in today's Manhattan Real Estate market. To evaluate how to price a property lets first take a look at the science of pricing. You need the hard facts, numbers don't lie, but they have to be taken in context. Closed sales data is stale in today's market. Closed sales data is a lagging indicator of today's value. Property that closed recently probably went into contract 3-4 months ago and if it was a new construction condo, it could have been as long as 12-18 months ago. Those prices were negotiated under a different climate. In-contract sales data is key. In-contract data will give you the most recent idea of what your New York City apartment could possibly sell for. The next logical question is how do you get your hands on this information??

As a consumer, websites like propertyshark, streeteasy are terrific for closed sales information. For in-contract information you can either look it up on the Douglas Elliman website, or contact us and we will provide a detailed list of properties in-contract for your desired search.

You also need to understand a holistic approach the macro outlook of pricing trends throughout the entire market, not just your specific market segment. Questions to consider: What price points is property moving the most? How long is property taking to sell? What's the market's absorption rate? What's the average price drop once a properties been on the market? What neighborhoods have more sales? What type of offers are people making? This is the type of information you need to understand or your agent needs to understand in order to be fully informed of a pricing strategy for your property. Contact us Today for this information!

Let's take a look at the art of pricing property. We can look at numbers all day long, but there is a qualitative approach to pricing property that should be discussed. The best explanation of what your property is worth is this: A property is worth what a buyer is willing to pay and what a seller is willing to take. You might be the lowest priced line in your building, the lowest price in a two block radius, but if buyers are not responding to your apartment and weeks and weeks go by, essentially they are rejecting the price.

What else is available in your building and how does it compare to your apartment? Who is the competition? What is the condition of those apartments, what about the views, is it a rental property or owner occupied, who is the broker representing the property? Obviously the condition and exposure will directly impact a properties value, but so will the type of marketing exposure a property has and how easy it is to show the property. If an apartment has a renter, you will have to coordinate around the access the tenant gives to the property, and often a tenant will not maintain the property as well as would an owner. Dirty dishes, dirty bathrooms, these factors don't exactly create a wonderful first impression. If you are selling an investment property with a tenant involved, understanding how that can influence your bottom line is something you should consider.

Ultimately, what's your motivation? Do you really need to sell or would it be nice to sell if you could get a certain price? In order to have a successful sale being market educated and to understand what it will take to actually sell will be the keys to your success.

Contact Morgan Evans and Eileen Hsu at 917-837-8869 to list your property for sale or to purchase a property in Manhattan, New York City. We are accepting referrals.

Other Manhattan New York Condo related blogs: