3lincoln

Author Archives: 3lincoln

Three Lincoln Center Summer 2015 Market Report

Looking at the sales report of 3 Lincoln Center, overall we see a lot of positive signs of a healthy market. The Average Days on Market has decreased since the last time we measured, a sign that buyer demand is still alive and well. Negotiability from the List Price to the final Closed Price has remained relatively the same, hovering around 3%. Taking into consideration that prices have increased the last year and negotiability remaining the same is a sign of continued demand.

Average Price per square Foot numbers are always a bit tricky, as you need to break down specific layouts within each segment of the building to really see the performance. But overall, prices have increased since 2014.

We like to track the new construction condominium market inventory, as many neighborhoods are seeing large increases of supply due to new condominiums coming to market. In the Upper West Side, we don't see that much inventory in the pipeline. Mainly we have seen a couple of rental buildings being converted into condominiums, and a few new buildings in the development, but not going to come to market for at least another year. This is a good indicator that supply should remain relatively consistent.

The one metric that is bit slower this year compared to last year has been the total volume of sales has decreased. Last year we saw about 20 sales happen in the building and so far this year, being half way through, we see 7 sales having closed. However, there is not that much inventory available in the building, just a few apartments as of right now.

Given this information are you wondering

what your Three Lincoln Condominium is worth?

http://3lincolncentercondo.com/three-lincoln-center-160-w66-condo-news/

http://3lincolncentercondo.com/category/frequently-asked-questions/

3 Lincoln Center Condo Sale Prices

How Much is 3 Lincoln Condo...

Call us to accurately estimate of your Lincoln Center condo

Below are the sale history of 3 Lincoln Center Condo at 160 West 66th Street since January 2014, the sale price below are all the SOLD and CLOSED units in the building. For most accurate pricing of YOUR 3 Lincoln Center Condo, call us and we can provide an evaluation based on your renovation, exposure and other important market conditions. Call us at (917)837-8869.

Sales History of 3 Lincoln Center Since January 1, 2014

Apt. 35G Two Bedroom/Two Bathroom

Size: 1291 sq ft Closing Price: 2,623,100 Original Price: $2,850,000 Price Per Square Foot: $2,032 sq/ft

Closed: December 2014

Apt. 32A One Bedroom/One and a Half Bathroom

Size: 907 sq ft Closing Price: $1,700,000 Original Price: $1,675,000 Price Per Square Foot: $1,874 Closed:

October 2014

Apt. 46E Two Bedroom/Two and a Half Bathroom

Size: 1312 sq ft Closing Price: $3,800,000 Original Price: $3,800,000 Price Per Square Foot: $2896 sq/ft

Closed: September 2014

Apt. 37G Two Bedroom/Two and a Half Bathroom

Size: 1207 sq ft Closing Price: $2,410,000 Original Price: $2,395,000 Price Per Square Foot:$1997 sq/ft

Closed: September 2014

Apt. 35B One Bedroom/One and a Half Bathroom

Size: 984 sq ft Closing Price: $1,675,000 Original Price: $1,700,000 Price Per Square Foot:$1702 sq/ft

Closed: September 2014

Apt. 31J One Bedroom/One and a Half Bathroom

Size: 890 sq ft Closed Price: $1,625,000 Original Price: $1,695,000 Price Per Square Foot:$1,826 sq/ft

Closed: September 2014

Apt. 59E Two Bedroom/Two and a Half Bathroom

Size:1312 sq ft Closing Price: $3,325,000 Original Price: $4,950,000 Price Per Square Foot: $2534 sq/ft

Closed: September 2014

Apt. 20CD Three Bedroom/Three Bathroom

Size: 1671 Closing Price: $3,050,000 Original Price: $3,700,000 Price Per Square Foot: $1825 Closed:

August 2014

Apt. 39H Two Bedroom/Two and a Half Bathroom

Size: 1315 sq ft Closing Price: $3,250,000 Original Price: $3,250,000 Price Per Square Foot: $2471 sq/ft

Closed: August 2014

Apt. 32E One Bedroom/One and a Half Bathroom

Size: 840 sq ft Closing Price: $1,450,000 Original Price: $1,450,000 Price Per Square Foot: $1726 sq/ft

Closed: August 2014

Apt. 24C Studio(Junior One Bedroom)/One Bathroom

Size: 584 sq ft Closing Price: $880,000 Original Price: $900,000 Price Per Square Foot: $1507 sq/ft

Closed: July 2014

Apt. 51D Three Bedroom/Three Bathroom

Size: 1775 sq ft Closing Price: $4,500,000 Original Price: $4,850,000 Price Per Square Foot: $2535 sq/ft

Closed: June 2014

Apt. 38C Two Bedroom/Two and a Half Bathroom

Size: 1671 sq ft Closing Price: $3,900,000 Original Price: $3,800,000 Price Per Square Foot: $2334 sq/ft

Closed: June 2014

Apt. 31D One Bedroom/One and a Half Bathroom

Size: 1087 sq ft Closing Price: 2,000,000 Price Per Square Foot: $1839 sq/ft Closed: May 2014

Apt. 46A Two Bedroom/Two and a Half Bathroom

Size: 1562 Closing Price: $3,900,000 Original Price: $3,995,000 Price Per Square Foot: $2,497 Closed:

May 2014

Apt. 22H Studio/One Bathroom

Size: 488 sq ft Closing Price: $789,000 Original Price: $789,000 Price Per Square Foot: 1617 sq/ft Closed:

May 2014

Apt. 18H Studio/One Bathroom

Size: 488 sq ft Closing Price: $741,000 Original Price: $675,000 Price Per Square Foot: $1518 sq ft Closed:

March 2014

Apt. 23A One Bedroom/One and a Half Bathroom

Size: 907 sq ft Closing Price: $1,375,000 Original Price: $1,295,000 Price Per Square Foot: $1516 sq/ft

Closed: January 2014

These are the sale history of 3 Lincoln Center Condo at 160 West 66th Street since January 2014, the sale price below are all the SOLD and CLOSED units in the building. In order to find out the most accurate pricing of YOUR 3 Lincoln Center Condo, call us and we can provide an evaluation based on your renovation, exposure and other important market conditions. Call us at (917)837-8869.

Who can manage my Three Lincoln Center Condo for me?

Many of our out of town condo owners ask: Who can help me rent out and manage my Three Lincoln Center condo once I own it? This is a good question, we work with many out of town and oversea investor buyers that also asked the similar question because many condo owners are not Manhattan New York based and would like a full range of service. When we sell an unit in 160 West 66th Street or any other Manhattan Condo, we not only assist our clients sell, buy, invest their Manhattan New York condos, we also find qualified tenants for our out of town owners on their investment property.

First step, when the buyers had become new condo owners at Three Lincoln Center Condo. We begin market immediately for rental, we answer to rental requests and appointment, qualifying the perspective tenant to ensure they are financially qualified and suitable for the condo. Manhattan New York rental brokerage marketing fee is 15% of the first year rent, though depending on the location of the condo, rental price, rental market condition and other key factors, we can discuss in details.

In terms of managing of your 3 Lincoln Center condo unit, depending on your needs, commonly, there are two options. Option one would be the owners manage the tenant and the condo by themselves, this is easy to do especially with Manhattan New York condo, there is a building staff and maintenance department a phone call or email away. Option two, we can recommend the property management in terms of being client’s contact person here in Manhattan New York, handling questions and inquiries and etc. There will be a fee in involved in this, as based on each clients’ need, we can make the recommendation accordingly.

If you are a current Three Lincoln Center Condo owner at 160 West 66th Street, please call us to discuss details if you are looking to find new tenants or seek property management. We can be reach at (917)837-8869.

3 Lincoln Center Rental Prices

Rental Prices for 3 Lincoln Center as of April 2015

Keep in mind that rental prices can be seasonal, as demand and supply shift in the winter months and the high season is typically late spring and summer when prices peak.

With a building like 3 Lincoln Center, that is 60 floors tall and with different layouts and apartment renovations vary you will see the rental values correspond accordingly. Basically the better the renovation, view and exposure, the higher the price.

So with that in mind these values have to be looked at in ranges and with an open mind.

Studio: $3,000/month-3,500/month

One Bedroom: $4500/month-$5,500/month

Two Bedroom: $7,500/month - $9,500/month

As all Manhattan New York condo rentals, there is a board application required for renting in 3 Lincoln Center Condo.

Lincoln Center Upper West Side condo buildings

Lincoln Center Upper West Side Manhattan New York

There are many dynamic Manhattan New York neighborhoods, the Upper West is one of Manhattan’s most quintessential and classic Manhattan neighborhood communities.

The neighborhood starts from Central Park to the Hudson River and from 59th Street to 110th Street, the Upper West Side is made up of various and unique sections, including Columbus Circle, Lincoln Square, Central Park West, and the Riverside Drive and West End Avenue.

The Lincoln Center is the largest performing arts area in the entire United States. The development of the Columbus Circle area including the condominium buildings such as Time Warner Center, Trump International Hotel and Tower and 15 Central Park West have paved the way for more expansion in the Riverside Park South area.

The Lincoln Center Upper West Side is considered to be one of the most sought after neighborhoods to live in Manhattan because of both its high quality of life, close distance to Central and Riverside Parks, access to multiple subway and bus routes, along with a rich tradition of the arts and culinary choice.

Below are a list of wonderful condo buildings in Lincoln Center Upper West Side neighborhood:

One Lincoln Plaza – 20 West 64th Street New York NY 10023

Alexandria 201 West 72nd Street New York NY 10023

Dorchester Tower Condominium-155 West 68th Street New York NY 10023

The Coronado-155 West 70th Street New York NY 10023

The Grand Millennium-1965 Broadway New York NY 10023

Millennium Tower-101 West 67th Street New York NY 10023

The Park Millennium-111 West 67th Street New York NY 10023

45 west 67th Street New York NY 10023

The Harrison-205 West 76th Street New York NY 10024

Chesterfield-186 West 80th Street New York NY 10024

Three Lincoln Center condo 166 West 66th Street 10023

 

Qualifying Tenants for a Manhattan NY investment condo

We work with many out of town and international condo owners who purchased a New York condo with us and ask us to secure a qualifying tenant for their investment condo. 

As part of our service to our condo owners, we qualify extensively and ensure the perspective tenant have an excellent financial security and good standing US credit history.

To rent an NYC condo unit, the application process can be very different than the rest of the country or world, here are some guidelines for investment condo owners and potential tenants to know what is the rental process:

Here is the check list for the perspective tenant:

  1. Financial verification documents and letter, including:
    • Letter of employment and salary verification (include start date if not yet employed)
    • Bank account numbers (checking and savings), credit card numbers
    • Contact information of previous landlords
    • Contact information of accountant and attorney, if applicable
    • Personal and business references
    • Tax returns most recent last two-three years
    • Pay stubs
    • Expected bonus (verification from employer)
    • Additional sources of income with verification
    • Personal identification with photograph – driver’s license or passport
  2. If relocating from a different state or country, prepare the necessary funds before coming to New York. Landlords will not accept personal or out-of-state checks. They require certified funds. Anyone renting or relocating must:
    • Establish a New York bank account. If this is not possible, we require all is pay upfront.
    • Bring funds to cover the broker’s fees if tenant’s employer company is not paying covering that expense. Majority of the time, Brokerage fees are paid by the tenant in New York City. These fees are due upon signing of the lease unless your employer is paying the real estate commission for which they will be billed directly.
    • Bring funds to cover a Credit Check: $50-$100+, can be credit card, it varies.
    • Bring funds to cover possible move-in/move-out fees. This vary from each condo buildings.

If you are a condo owner at 3 Lincoln Center and need to find the perfect tenant for you. Contact us today at (917)837-8869 and we can discuss in details.

Do I sell Furniture together with my 3 Lincoln Center Condo?

This is a very common asked question by our condo sellers. Many of the website photos of the Three Lincoln Center Condos at 160 West 66th Street or other Manhattan condos will have furniture and fully furnished units. However, the furniture DO NOT convey in a New York condo sale unless it is specifically mentioned in the property description or discussed prior to the negotiation.

Very rarely, buyers may want to purchase the owners' personal furniture, there is often a disconnect between what the buyers are willing to pay and the emotional attachment the owners may have for the piece.

If there is an option to purchase the furniture there will often be TWO SEPARATE prices, one with the furniture and one without. The spread between the two prices, may or may not reflect the actual replacement costs of the furniture and will include a convenience premium of being able to move right into the apartment without spending the time to furnish it.

Many of our condo sellers in Manhattan New York will hire staging services to ensure property is in best presentation possible. This is with help of a team of interior designers and decorators, when every square inch of the apartment has been well thought out, it gives the condo owners the chance to maximize the investment and sell the condo top dollar.

If you prefer to sell your furniture together with the apartment at Three Lincoln Center Condo, we can discuss it in detail to best protect your interest and market your condo creatively.

Give us a call today (917)837-8869 to discuss your Three Lincoln Center Condo.