155 West 68th Street #1107 Sunny and Excellent condition Alcove Studio FOR RENT

Dorchester Towers Condo is located at 155 West 68th Street New York NY 10023.

155 West 68th Street-Dorchester Towers Condo is close to Lincoln Center, Central Park, Riverside Park, Supermarkets (Trader Joe, Food Emporium, Fairway, Zabar, just to name a few). This building has a 24 hour doorman and concierge, separate package room, management on site, roof deck and multiple floors of laundry rooms.

This spacious alcove studio in Dorchester Tower condo has MINT RENOVATION of both bathroom and kitchen, walk in closet and storage space, and a generous sleeping alcove space. It is Western facing with plenty of natural sunlight. Call 917 837 8869 to see it today.

Advertisements

JUNIOR ONE BEDROOM FOR SALE:Dorchester Tower Condo-155 West 68th Street New York NY 10023

Dorchester Towers Condo-155 West 68th Street New York NY 10023 is one of the most popular condominium in the prime location of Upper West Side. It is close to Lincoln Center, Central Park, Riverside Park, Supermarkets (Trader Joe, Food Emporium, Fairway, Zabar, just to name a few).

This building has 24 hours doorman and concierge, separate package room, management on site, roof deck and multiple floors of laundry rooms.


This JUNIOR ONE APARTMENT unit faces Broadway with tree-top views. It is gut renovated with Brazilian cherry hardwood floor, excellent condition of kitchen and beautifully renovated bathroom. Spacious living room has recessed overhead lighting and detailed crown molding along the walls. No expense was spared in this top of the line renovation.


Call Morgan and Eileen (917)837-8869 today to see this unit in Dorchester Towers Condo.



Dorchester Towers Condos-155 West 68th Street New York NY 10023

The Dorchester Towers, built in 1965, is located in the prime Lincoln Center area of the Upper West Side in Manhattan. Apartments at the Dorchester Towers are well known to have spacious and practical layouts, numerous large closets throughout each apartment,  and open western and eastern exposures.

The Dorchester Tower Condos circular driveway is surrounded by garden of flowers, now that Manhattan New York has few April Sunny days, we are seeing some of these colorful flowers bloom along our building entrance.

The mix of the apartments in Dorchester Towers Condominiums varies with a variety of layouts including mostly studio apartments both straight and alcove, one bedroom and junior 4 apartments commonly converted to 2 bedroom layout, and very spacious 2 bedroom units. There are combination units forming larger 3, 4 and 5 bedroom apartments.

We are the Dorchester Towers specialists because we live in the building and have assisted many savvy owners in selling and leasing their Dorchester towers condo apartments.

Call Eileen Hsu and Morgan Evans today at (917)837-8869 to discuss your Dorchester towers condo or most updated availability of Dorchester tower condo.

Dorchester Tower Condos-155 West 68th Street One Bedroom + Home office Condo for Rent

Dorchester Tower Condos-155 West 68th Street One Bedroom with Home office Condo for Rent


Dorchester Towers Condominium located at 155 West 68th Street is one of the best condominium in the prime location of Upper West Side of Manhattan New York.

This is a large one bedroom condo with a home office (or second room) with beautiful renovation of kitchen and bathroom. Plenty of closet and storage space and perfect floor plan layout for Manhattan New York living.

The building has on-site management, package room, roof deck, central laundry room, doorman and convenient circular driveway for passenger or grocery drop offs.

Call us today (917)837-8869 to see this beautiful one bedroom + home office apartment in Dorchester

We are in a competitive market, hence working with two agents that live in the building and that specialize in condominium sales will you give you an advantage when it comes time to sell or rent your apartment. Our approach to selling your apartment is intentionally unique.  We use strategies that most real estate agents do not use.  If you are interested in hearing our proposition, contact us immediately to see how we can help you achieve your goals.
For a complete list of the current apartments for sale at the Dorchester Towers Condominium or for condominium apartments for sale in the Upper West Side call Morgan Evans or Eileen Hsu (917)837-8869 for further details.

Call today (917)837-8869 for an appointment. (http://www.DorchesterNYCBlog.com)

We Sold & Closed another unit in Dorchester towers condo!

SOLD AND CLOSED in February 2011. We are Morgan Evans and Eileen Hsu, we work full time as Real Estate agents and we live in Dorchester towers condo ourselves. We understand the building, the neighborhood, and the building inventory/prices, this helps many Dorchester Towers owners in selling or leasing their condos.

Spacious Junior 1 bedroom condominium at Dorchester Towers condominium. Dorchester towers condominium is a full time doorman service building, separate mail and package room, management on site, and beautiful roof deck for the residents to enjoy.

This apartment has a spacious living room with Northern Exposure windows, dining room space, large sleeping area (that fits a California King size bed) that has been partitioned off with French doors, newly updated kitchen with brand new appliances, and ample closet space throughout the apartment.

THIS PARTICULAR UNIT IS SOLD. TO find out other availabilities in Dorchester towers condo, call us today to discuss (917)837-8869 .

TO READ MORE OF DORCHESTER TOWERS BELOW:

2010 Dorchester Tower Condo Market Report

Dear Dorchester Tower residents:

Happy 2011. My name is Morgan Evans and my partner Eileen Hsu are Dorchester residents and also active Real Estate agents at Prudential Douglas Elliman. We wanted to provide you with a customized report of the sales activity in the building for this past year. Contact us anytime for any specific questions about what is going on in the market right now. Enjoy!

In 2010, there were eight apartments sold at the Dorchester Towers Condominium at 155 West 68th St, New York, New York 10023.

For a comparison of years past, in 2006 15 properties sold, in 2007 12 properties sold, in 2008 12 properties sold and in 2009 11 apartments sold.

There was a dip in the number of properties sold in 2010.  This could be a result of a number of different factors.  Almost all of the properties that came on the market in the building during the year ended up selling.  Like the rest of the market typically the only sellers that put their apartments on the market actually want to sell them and buyers are only willing to make offers on apartments that are priced relative to whats selling in their respective buildings and in the neighborhood.  This creates a situation where fewer apartments trade.

We are going to provide a basic breakdown of the sales that occurred in 2010. As a Dorchester resident and also a Real Estate broker of Dorchester Towers I would like to note that pricing an apartment at Dorchester Towers has a lot to do with understanding the unique variables that make up this building.  Because the building is over 40 years old the condition of most apartments can vary widely, because of the unique shape and position of the building floor and exposure play a considerable part in the price an apartment will demand.  These variables are unique to each situation, and if you are curious about your specific apartment and how it compares to what’s sold, I recommend you to contact us (917)837-8869 so we can break down the differences between your apartment and what has sold this past year.  The figures we provide are accurate as far as the closing information we receive from multiple sources, but often prices are a reflection of different variables that are not as easily quantifiable.

The breakdown of apartments was as follows:

Three Junior Four Apartments Sold.

  • A 31st floor, 902 sq ft with 1.5 bath Junior 4 sold early on in 2010 for  $1,040,000.  This was a western facing(open views) renovated apartment with the second bathroom.
  • A 17th floor 975 sq ft 1 bath Junior Four sold for $870,000.00
  • A 21st floor 804 sq ft 1 bath Junior Four sold for $850,000.00

Junior Four Apartments are typically a 1 bedroom apartment with an L-shaped Living Room.  The addional wing of the living room can often be turned into a second small bedroom or used as a dining space.  Now at Dorchester Towers there are a number of different layouts for Junior 4 apartments.  Some layouts are more functional and have more value than others as the additional room will have a built in closet already and have a window.  The ayouts where the dining alcove space does not have a window or have a built in closet are not able to be marketed as a “real” bedroom space.

Three one bedroom Apartments Sold.  Average price was $646,833.  The average sq ft was 628 sq ft. That is about $1030 sq ft.

  • A third floor south facing 633 sq ft 1 bedroom sold for $626,000
  • A third floor south east facing 650 sq ft 1 bedroom sold for $672,500
  • A 17th floor West facing 601 sq ft 1 bedroom sold for $642,000.

The one bedroom market at Dorchester Towers is highly desirable as most of the apartments will fall into the $600,000-$700,000 price range. This price range in the Lincoln Square area for condominiums doesn’t have very much inventory with a fairly high number of buyers.

One alcove studio(Junior 1 Bedroom) sold for $560,000.  It was a western facing on the 5th Floor, 546 sq ft apartment.

One 3 bed 2.5 bath Sold -This combination apartment faced Broadway on the 18th floor sold for $2,150,000.  This combination featured over 1800 interior sq feet with an additional outdoor terrace, making it quite a unique Dorchester Apartment.

So how do these prices compare to 2009?

Breakdown of the type of units SOLD in 2009

  • Studios- 2 studios sold- Average price of $545,000 at an average price/sq ft of approximately $1001
  • 1 Bedroom-4 One bedrooms sold – Average price of $675,000 at an average price/sq ft of approximately of $1054
  • Junior 4*- 3 Units Sold, Average Price- $902,053 at an average price/sq ft of approximately $1,000
  • 3 bed/3 bath-1 unit sold at $2,200,000.00 price per sq ft of $1035
  • 4bed/3 bath-1 unit sold at $1,610,000.00 price per sq ft $782

One bedrooms are selling for about 4% less than last year. Junior Four Apartments if you take the average sold for about $1030 sq/ft, but in my opinion the 31st floor apartment is skewing the numbers as that apartment is not very typical of the average Junior 4 in the building.  The other two sales are more typical and both of those sold for around $860,000.00 at about $966 sq ft.

The larger two and three bedrooms do not trade very often so the valuation really depends on the renovation, view, floor and layout.

Overall, much like the rest of the marketplace, renovated apartments are selling for a premium compared to apartments that need work.  In this marketplace buyers who have to purchase and then renovate will demand and expect to receive a discounted price as the out of pocket expenses and time involved to renovate will be considerable.

Dorchester Towers has faired well in the Manhattan marketplace.  I feel that our prime location in the Upper West Side, our low common charges, and well maintained and serviced building have to do a lot with that.

Again, we (Morgan Evans and Eileen Hsu) are Dorchester residents ourselves, Thanks for taking your time to look at our Dorchester Towers Report, if you are thinking of selling, leasing or buying in Dorchester Tower, we would like to hear from you. We worked with many Dorchester sellers and owners in the building in selling or leasing their condo units therefore we are very familiar of this building, if you have a question, call us today at (917)837-8869.

Dorchester Towers Condominium – Upper West Side New York

The Dorchester Towers, built in 1965, is located in the prime Lincoln Center area of the Upper West Side in Manhattan. Apartments at the Dorchester Towers are well known to have spacious and practical layouts, numerous large closets throughout each apartment,  and open western and eastern exposures. The mix of the apartments in Dorchester Towers Condominiums varies with a variety of layouts including mostly studio apartments both straight and alcove, one bedroom and junior 4 apartments commonly converted to 2 bedroom layout, and very spacious 2 bedroom units. There are combination units forming larger 3, 4 and 5 bedroom apartments.

We are the Dorchester Towers specialists that have assisted many savvy owners in selling and leasing their Dorchester towers condo apartments. We thought we show you some images of the buildings beautiful landscape before they are all covered in snow. (Currently On Market Junior One Bedroom in this building:Dorchester Towers Condominium NYC – Junior One Bedroom $689,000. )

Dorchester_Condo_MorganEvans9178378869

Dorchester_Condo_MorganEvans9178378869Dorchester_Condo_MorganEvans9178378869

Dorchester_Condo_MorganEvans9178378869

To sign up for the Dorchester Towers Reports Click Here!

TO READ MORE OF DORCHESTER TOWERS NYC BELOW:

We are in a competitive market, hence working with two agents that live in the building and that specialize in condominium sales will you give you an advantage when it comes time to sell or rent your apartment. Our approach to selling your apartment is intentionally unique.  We use strategies that most real estate agents do not use.  If you are interested in hearing our proposition, contact us immediately to see how we can help you achieve your goals.
For a complete list of the current apartments for sale at the Dorchester Towers Condominium or for condominium apartments for sale in the Upper West Side call Morgan Evans or Eileen Hsu (917)837-8869 for further details.

Call today (917)837-8869 for an appointment. (http://www.DorchesterNYCBlog.com)

Dorchester Towers Condo Jr. One Bedroom for sale

NEW ON MARKET! FIRST OPEN HOUSE SUNDAY 6/6/2010.

Spacious Junior 1 bedroom condominium at Dorchester Towers condominium. Dorchester towers condominium is a full time doorman service building, separate mail and package room, management on site, and beautiful roof deck for the residents to enjoy.

This apartment has a spacious living room with Northern Exposure windows, dining room space, large sleeping area (that fits a California King size bed) that has been partitioned off with French doors, newly updated kitchen with brand new appliances, and ample closet space throughout the apartment.

This is a must see if you are looking for a Junior/One Bedroom Condominium in the Upper West Side.

Call today (917)837-8869 for an appointment.

TO READ MORE OF DORCHESTER TOWERS BELOW:

Dorchester Towers NYC : May 2010 Report

Dorchester Towers NYC : May 2010 Report

Dorchester Towers NYC has been active during the New York City spring selling season.  We have seen a number of apartments enter the market, have offers accepted and closed in the last couple of months.  Let’s get right into what properties have sold for so far since our last report, Dorchester Towers NYC: February 2010.

Dorchester Towers NYC Closed Apartments

  • 1605-A Western facing Junior 4 apartment closed in the second week of May for $870,000.00  Its original asking price was $929,000 and had a contract signed in approximately 45 days.  The apartment is quoted from Property Shark to be 975 square feet, so the price per square foot was $892.00.  The listing discount(negotiability factor) from original price was approximately 6.4%.
  • 707-A Western facing alcove studio closed for $560,000. At 546 square feet this apartment sold for approximately $1025 sq/ft.  This apartment originally came on the market for $625,000 in late August of 2009 and decreased the price 4% to $599,000 about 1 month into the listing period.  Approximately 3 weeks after the price was decreased it had an offer accepted and contracts were signed.  Once the contracts were signed it took approximately 7 months for it to close.  7 months is an above average amount of time to close on the property, there could be different reasons why it took so long, but one reason could be difficulty obtaining financing in Dorchester Towers because of the fannie-mae guidelines concerning sponsor ownership in condominium buildings. The listing discount(negotiability factor) from the original asking price was 10.4% and the listing discount from the last asking price was 6.5%.
  • 302-This 1 bedroom facing the circular driveway closed for $672,500 the third week of May.  At 651 square feet this 1 bedroom Dorchester Apartment sold for approximately $1,033 sq. ft.  This apartment came on the market asking $695,000 in early March, had contracts signed in late March.  The listing discount(negotiability factor) was 3.2% from the original asking price.

Dorchester Towers NYC In-Contract Apartments

At Dorchester Towers right now there is only 1 apartment in-contract.

  • 333-A South facing 1 bedroom facing the circular driveway.  This renovated apartment came on the market for $625,000 at the end of March and had a contract signed approximately 1 month later.  This is a 633 square foot apartment.

Dorchester Towers NYC Condominiums for Sale

  • A 804 sq ft junior 4 1 bedroom on the 21st floor asking $925,000.00
  • A 902 sq ft junior 4 1 bedroom 1.5 bath on the 29th floor asking $1,295,000.
  • A 3 bedroom on the 18th floor asking $2,195,000.

For specific information regarding these apartments including condition, exposure, layout and pictures please contact us and we will provide all of the requested information.

What to take away from the report?

If you are an owner at Dorchester Towers NYC and are thinking of selling your apartment the numbers show that if an apartment is priced competitively within comparable Upper West Side condominium buildings your apartment will sell receive offers relatively quickly.  We see that buyers are still looking to negotiate a certain percentage off the asking price.  Sometimes its taking a price drop to get to the right price where the offers that are being made are willing to be accepted.

An extremely important aspect of the sale of the property will be how the buyer will be obtaining financing for their purchase.  Because the sponsor at Dorchester owns approximately 48% of the apartments in the building, obtaining financing has become extremely difficult.  We have developed relationships with a couple of the banks who do in indeed provide financing opportunities for prospective buyers in our building.  If you would like to speak in more detail about the difficulties of obtaining financing we will be more than happy to speak with you.

If you are a buyer and would like to receive all of the apartments that are available in the building or would like to be notified when an apartment does come available, call me today at (917) 837-8869.

TO READ MORE OF DORCHESTER TOWERS BELOW:

To Contact us to talk about the Dorchester Towers, you can reach me at (917) 837-8869 or email at morgan.evans(@)elliman.com

We are in a competitive market, hence working with two agents that live in the building and that specialize in condominium sales will you give you an advantage when it comes time to sell or rent your apartment.
Our approach to selling your apartment is intentionally unique.  We use strategies that most real estate agents do not use.  If you are interested in hearing our proposition, contact us immediately to see how we can help you achieve your goals.
For a complete list of the current apartments for sale at the Dorchester Towers Condominium or for condominium apartments for sale in the Upper West Side call Morgan Evans or Eileen Hsu at (212)321-7122 or (917)837-8869 for further details.

Disclaimer: All information in this post is subject to change without notice. Subject matter: is an opinion, is not guaranteed, may be time sensitive, and may be based on information collected from several sources which may or may not be reliable at the time of sourcing.