Dorchester Tower NYC-JUNIOR ONE BEDROOM RENTAL

Dorchester Tower NYC Jr. One Bedroom Rental New On Market. 

Dorchester Towers Condo located at 155 West 68th Street New York NY 10023 is one of the most sought after condos in Upper West side. The building has 24 hour concierge service, separate mail package room, roof deck, multi-floor laundry and on site management office. This recently converted Junior One Bedroom apartment has a brand new renovated kitchen with stainless steel appliances and brand new renovated bathroom. It has ample closet storage space. The apartment has sunny Western exposure and open street exposure. It is a brand new renovated Junior 1 Bedroom apartment available immediately.

Call us (917)837-8869 to see this Junior One Bedroom today.

Other Upper West side Condo buildings:

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 Towers Condominium-January 2010 (2009 Year in Review)

Dorchester Towers Condominium-January 2010 (2009 Year in Review)

Dorchester Towers Condominium-January 2010

Dorchester Towers Condominium ManhattanThe 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.

One of the unique aspects of Dorchester Towers is its unique position: It sits on the whole block between Broadway and Amsterdam Avenue on 68th and 69th Streets, combined with the circular driveway at the main entrance on 68th Street provided fantastic double exposures from many of the units from both towers. Dorchester Towers has a full-time doorman and concierge, package room, garage, roof deck, bike storage/storage units and fantastic laundry rooms on every floor on the eastern tower. The location of Dorchester Towers is one of its best selling points, being right in the heart of Lincoln center its residents have great access to subways(1,2,3) bus lines(M104 and M5) and all of the amenities the neighborhood has to offer. About a 5 minutes walk to both Central and Riverside Park, a variety of shopping, the movie theater just across the street, gyms and everything else you would expect to have in this vibrant and well established neighborhood.

In 2009 11 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, and in 2008 12 properties sold. So it appears that Dorchester Towers Condominium in Manhattan is right on its average of how many units sell every year.

The turnover rate was 3.24%.

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

*- The Junior 4 Layout or 1 bedroom with dining alcove has some of the most variation in apartment layout, # of bathrooms, and square footage in the entire building. Each unit has to be looked individually to determine a specific price point based on its unique characteristics.

How do the Prices in Dorchester Towers Compare to 2008?

* Studios-2 Units Sold at an average price of $956 sq/ft
* 1 Bedroom-6 units sold at an average price of $1069
* Junior 4-4 Units Sold at an average price of $947

Dorchester Towers Condominiums for saleWhat does this all mean?

Because Dorchester Towers Condominium is such a large building, 680 apartments, and the specific location and design of the building, taking up the entire block from 68th to 69th Street from Broadway to Amsterdam, the layouts, exposures and floor level have dramatic effects on the pricing of each unit. The building was originally built in 1965 and converted into condominiums in the late 80’s so the physical condition of each unit will depend on each individual owners ability to remodel.

At Dorchester Towers Condominium it is very important to know the fine points of the building because there are so many layouts and variations that will effect pricing. Understanding individual lines, a pricing history of similar apartments, exposure and view will greatly impact a pricing strategy or bidding strategy for both buyers and sellers.

TO READ MORE OF DORCHESTER TOWERS BELOW:

* https://dorchesternyc.wordpress.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. Visit: https://dorchesternyc.wordpress.com/

Copyright © 2010 By Morgan Evans, All Rights Reserved.*Dorchester Towers Condominium (155 West 68th St) January 2010 Report*



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Dorchester Towers Condominium Rental Report March 2009

Dorchester Towers CondominiumThe Dorchester Towers Condominium (155 West 68th Street) offers a unique ability for your rental needs.  Dorchester Towers is one of the largest  full service condominium buildings on the Upper West Side.  It has about 680 units spread out over 35 floors.

What makes Dorchester Towers unique is that about half of the units are owned by individual owners and the other half are owned by the original sponsor. What that means to you is that if you are looking for a rental apartment you can either rent from an owner or from the sponsor who owns the remaining units in the building.  Typically the sponsor renovates their units before they put them on the market.  They will do a gut renovation and deliver the apartment with brand new bathrooms, kitchen, parquet hardwood floors, moldings, doors and fixtures.  If you are looking for a renovated rental apartment in the Upper West Side this will be a terrific opportunity.

Dorchester Towers CondoRenting from the individual owner does not necessarily mean that the apartment will be renovated.  It will depend solely on if the owner has completed any prior renovations.  The apartment might be in a semi-original condition or it might have undergone a gut renovation with high end appliances and finishes.  Either way all of the building’s amenities are at your disposal.  If you are interested in pricing, incentives, and availability for both individual and sponsor owned apartments at the Dorchester Towers contact me.

The first thing you see at the Dorchester Towers Condominium is the circular driveway and the landscaped garden leading to the renovated lobby.  Doorman and concierge await you as you enter the spacious foyer.  A package room and a total of nine elevators.  There are laundry rooms on every floor up to the 21st floor.  Garage facilities are also attached to this Upper West Side condominium building.

Here are sample floorplans for 1-Bedroom Floorplan , 1-Bedroom w/dining alcove(JR 4) Floorplan or 2 -Bedroom 2.5 Bath Floorplan.  If you are looking for a studio, alcove studio or different configuration Contact us at (917)837-8869 and we will provide your desired request.

Dorchester Towers Condominium Sales 2008 Year in Review: If you are an owner or potential owner of an apartment at the Dorchester Towers Condominium.

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 (917)837-8869.

*If you are thinking of selling your Dorchester Tower Apartment ( 155 West 68th Street)*

**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.**

Copyright © 2009 By Morgan Evans, All Rights Reserved.*Dorchester Towers Condominium (155 West 68th St) Rental Report*



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.

Dorchester Market Report-February 2009 Dorchester Towers Condominium

Dorchester Market Report-February Dorchester Towers Condominium

Dorchester Towers Condominium Market Report

Dorchester Towers currently has 3 apartments on the market for sale.  Their is a mix of apartments available.  There is one alcove studio, a junior one bedroom and a two bedroom available.  Prices range from $600,000 – $1,300,000.  For such a large building, approximately 340 individual owned apartments, only three units make up approximately 1%.  Typically in a market like ours we see 5-15% of the units for sale in any given building.

As a resident of Dorchester Towers Condominium, we keep track of the sales and pricing activity very diligently.  If you are thinking of selling your Dorchester Towers Condominium apartment you want to have the most up-to-date information of recent building sales and overall market trends.  In today’s market in-contract pricing is the most relevant  useful information.  Closed sales are too lagging, properties that have closed within the past month probably went in contract 3-4 months ago, if its new development that number could be 6-12 months ago.  The buyers that will be looking at your apartment will be using today’s news reports, today’s market evaluations, to help them make a decision on the pricing they are willing to bid at.

Here are two of the most useful statistics:

  • The Negotiability Factor or the % Discount from Last Asking Price:

The Negotiability Factor has to be looked at within the right context.  This is a number that a seller is willing to negotiate from their last asking price.  9.5% represents all price ranges of property that went into contract, so if you are looking at 2 million + properties or 350k studios your reality will be quite different.  We see a lot of buyers put in bids for a property 20-30% below the current asking.  These offers for price points below $1,000,000 are not really going anywhere.  The sellers that we are working with just are not negotiating with those type of offers.  The fact that the % discount from last asking price to the in-contract price is about 9-10% seems realistic to the transactions that we are doing at this time.

  • The % Discount from Original Ask to Last Asking Price:

The % Discount from Original Ask to Last Asking Price is the amount a property has been discounted in order to get an offer on a property.  I do not feel that the amount to discount is a cut and dry figure.  It will depend on the original ask and how realistic that number was to begin with.  If a property has been on the market for 6 months and has not had any offers and was priced 10% high to begin with, then dicounting by 8% will probably not do much to increase traffic.  A property like that might take a signficiant price decrease depending on the price point it falls in.  If a property was priced extremely competitively a month ago, but has not received an accepted offer yet, than decreasing in the neighborhood of 5-10% will probably give that apartment a lot more interest and traction.  It will really depend on whats the competition and what property is going in-contract for within that building, neighborhood, and price range.

Conclusions:

  1. Having up-to-date market information will give you the edge when it is time to negotiate
  2. If you are a seller, and if you really want to sell, in-contract sales data is the most realistic information.  Closed sales data is lagging.
  3. Having a comprehensive understanding of the price point and sub

To Read More on Dorchester Towers  Real Estate Click below links:

  1. Dorchester Towers Condominium Sales 2008 Year in Review:
  2. Dorchester Towers Condominium at 155 W 68th St Rental Report

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 for further details.

*If you are thinking of selling your Dorchester Tower Apartment (155 West 68th Street)*

**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.**

Copyright © 2009 By Morgan Evans, All Rights Reserved.*Dorchester Towers Condominium (155 West 68th St) Market Report*

Dorchester Towers Condominium 2008 Year in Review Report

Dorchester Towers Condominium Report

2008 Real Estate Year in Review

  • In 2008 12 properties sold at Dorchester Towers at 155 W 68th St New York, New York 10023..
  • The building has approximately 680 apartments which half are owned by individuals.
  • The turnover rate was approximately 3.5% last year.
  • For a comparison of years past, in 2007 ~ 12 properties sold and in 2006 ~ 15 properties sold.  On average the typical turnover rate for any given building is approximately 7-9%.
Breakdown of the Type of Units that Sold in 2008

As we all know the Dorchester Towers Condominium have a number of different layouts for each type of bedroom. Each layout offers its unique exposure,

  • Alcove Studios – 2 Units Sold ~ Average Price/ Square Foot: $ 956.50
  • One Bedroom – 6 Units Sold ~ Average Price/ Square Foot: $ 1,069
  • One Bedroom w/ dining alcove(Junior 4) – 4 Units Sold ~ – Average Price / Square Foot: $ 947

*No 2 bedroom’s sold in 2008*

Compared to The Upper West Side Condominium  w/doorman in 2008:

  • Alcove Studios – Average Price of $677,000 ~ Price/ Square Foot: $ 1,157
  • One Bedroom – Average Price of $922,000 ~  Price/ Square Foot: $ 1,158
  • One Bedroom w/ dining alcove(Junior 4) – Average Price of  $1,010,561 ~ Price/ Square Foot: $ 1,228
  • Two Bedrooms – Average Price of $1,685,000  ~ Price/ Square Foot: $ 1,367
Market Report

As we all know the real estate sales market has shown a significant decline over the last quarter of 2008.  According to the 4th Quarter Market Report from Douglas Elliman, September brought significant change to the Manhattan Housing market.  At the close of the prior quarter, there was significant turmoil in the financial markets and unprecedented intervention by federal government agencies.  Sales contract activity showed evidence of a decline in activity of 40% to 75% compared to the same period last year.  Contract price levels showed an average decline of 20%.

In the month of December based on Contracts Signed

  • The average sales price was $984,903.
  • The median price was $650,000.
  • The percent discount from last asking price was 9%
  • The percent discount from original asking price was 16%
  • The percent discount from original ask price to last ask price was 8%
  • 26% of all sales were below $ 500,000
  • 47% of all sales were between $500,000 and $1,000,000.
  • 73% Sold below 1 million
  • 17% between $1,000,000 and $2,000,000.
  • 4% between $2,000,000 and $3,000,000
  • 5% between $3,000,000 and $5,000,000
  • 1% above $5,000,000

Our Analysis:

This is a market where information is king.  If you are a buyer looking for the best price possible, closed sales data is stale.  You need up to date information, properties that go in contract in the last 30 days.  As experts in this neighborhood we have this information.

This report is the only up to the minute monthly report fot the Dorchester Tower Condonominium at 155 W 68th St, New York, NY 10023.  How are we able to have such up to date information?? We live in the building!! As residents of the Dorchester Towers we understand what makes our building unique.  As resident experts we understand the dtails of the building, the doorman, the management. We know there are more layouts that you can keep track of and that no two apartments are the same.

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 more information, please contact Morgan.Evans@elliman.com or call 917-837-8869

For a link to Dorchester Towers Rental Report Click Here

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.