New York City Real Estate Blog

Echelon LIC

Looking to buy a home in Manhattan but priced out.  You may consider LIC.

ECHELON LIC

Echelon Condominium offers complete luxurious living within studio, one- and two-bedroom units. The state-of-the-art architecture of the building boasts contrasting materials of textured manganese brick and smooth aluminum panels, shaping the 12 stories over a grand lobby and street-level shops. Come home to private terraces, home offices, grand windows, spacious rooms and breathtaking views. Enjoy the luxury of the on-site garage, doorman, FreshDirect delivery, and fitness center.

Amenities & Features

Double Height Lobby

Pet-friendly

On-site parking

Video Security

Fitness Center

Concierge

Cable/Internet ready

FreshDirect Preferred

Roof Deck with Views

Washer/Dryer with every unit

On-site Superintendent

Individually controlled air/heat

Sample Prices

Echelon, 10A  1154  2    2   $810,000

Echelon, 10C  867  1    1    $535,000

Links:

http://www.thedevelopersgroup.com/buildings/building.aspx?buildingid=1065& 

http://radar.planetizen.com/node/10343

http://www.licnyc.com/2006/09/tour_of_the_echelon.html

http://www.wirednewyork.com/forum/showthread.php?t=10936

 

 

 

Technorati tags: Long Island City, Echelon LIC

Upper East Side -New Heaven for Young Renters

“The real-estate boom has changed all of that, prompting condo conversions as far east as First Avenue and turning a weathered redoubt for curmudgeons into a glossy destination for young, well-heeled families.The reasons for this transformation, which is just now confronting the fizzling market, are familiar to anyone following New York real estate, and yet they have infected this area with particular fervor. Since January 2004, developers have filed plans for 1,461 condominium units with the State Attorney General’s office for the area east of Second Avenue, between 59th and 96th streets. The much larger western section of the Upper East Side registered just 881 applications.”

Haven No Longer: Say Goodbye Fast to the Far East Side (NYObserver)

Here are4 out of 7 easy steps to take when looking for a home loan

1) It Pays to Shop!

2) Pick out the TERMS of the loan you want BEFORE you compare rates.

3) Shop the rate and closing costs - and make sure you’re comparing apples to apples.

4) Compare your Good Faith Estimates’ Total Monthly Payment.

Top 7 Steps to Take When Choosing a Home Loan

Bloomberg Reports

`The increase in housing prices signaled stabilization in the housing market,'' said Kathy Lien, chief currency strategist at Forex Capital Markets LLC in New York. ``It came out in the context of a stronger-than-expected GDP number; this is giving the market a reason to take the euro lower against the dollar.''

" A separate report from the U.S. Commerce Department showed sales of new homes in the U.S. declined more than economists forecast, by 3.2 percent in October, to an annual rate of 1.004 million. The report added to evidence that the U.S. housing slump has not ended."

Dollar Gains as U.S. Revises Third-Quarter GDP Growth Higher (Bloomberg)

 

 

"The parcels that will go to developers are not parkland"

“A state judge decided yesterday as he dismissed a lawsuit that challenged the city's plan to transform an 80-acre parcel along the East River waterfront into a park.The strip of land at the center of the dispute is a 1.3 mile length of mostly abandoned piers, sheds, and lots that some Brooklynites have wanted to see become parkland for decades. But the plan the state approved this year with the city's backing has angered some park activists because it calls for land to be leased to private developers. The revenue, proponents of the plan say, would be enough for the park to be self-sustaining.”

Judge Dismisses Brooklyn Bridge Park Lawsuit(NYSun)

http://www.nyc.gov/html/dcp/html/erw/index.shtml

The 74th Annual Rockefeller Center Christmas Tree Lighting Ceremony

AP Photos/Bebeto Matthews

The 74th Annual Rockefeller Center Christmas Tree Lighting Ceremony is taking place tonight between 7 p.m. and 9 p.m.The tree was brought to New York from Ridgefield, Conn., and is the centerpiece for the 74th Annual Rockefeller Center Christmas Tree lighting ceremony .

City officials have declared Wednesday a Gridlock Alert Day. They strongly advise people not to drive into Manhattan this evening. Streets in the area will be closed from 5 p.m. to 9 p.m.

They are:
    - Fifth Avenue between 49th Street and 50th Streets.
    - 48th to 51st streets between Madison and Sixth Avenues.

The actual tree lighting will happen just before 9 p.m.

http://www.tri-cityherald.com/24hour/galleries/story/3419837p-12558891c.html

Average Weekday Subway use passed 5 million on the subway

Average weekday subway ridership rose to 5.076 million in September, the highest level since transit officials began making monthly calculations in 1970, New York City Transit said yesterday.  That was the highest combined figure since December 1970, when it was 7.627 million.

Manhattan: Record Use for Subways(NYT)

More on Manhattan subway:

 “The cost of the No. 7 extension is rising again--‹ a year before the actual digging will begin.
The MTA estimates it will need an extra 110 subway cars to go along with its planned No. 7 extension, according to agency documents.”

Cost of No. 7 line extension jumps again(AMNY)

 

200 EAST 87TH STREET, #14A, UPPER EAST SIDE

Avail. Date: Immediate Rooms:3.0 Bedrooms:1 Baths:1 Type:Rental Style:Luxury High Rise Doorman:Yes Elevator:Yes Pets:No Outdoor Space:NoRent: $3,050

TOP OF THE LINE, PREMIUM ONE BEDROOM This unparalleled one bedroom apartment is finally available in this pristine, ideal building. This enormous apartment has large windows, great layout and a sprawling living room. Located in the heart of one of the City's most convenient upper East Side neighborhoods, this building is surrounded by parks, museums, shopping, dining, superb transportation ( just steps away from the Lexington Avenue subway line 4,5,6) and all of the tranquil offerings that have made the area a perennial residential choice. The amenities of the building include ~Full-time Doorman~Health Club~Lounge Area~Children's Playground~Elevator. To view this apartment , call Sladana Veljkovic @ 646.221.6592.

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Housing - in recession

“The erosion of the nation's housing market extended into the fourth quarter, posing a risk that the weakness will permeate the rest of the U.S. economy, a pair of reports this week may show.

Purchases of previously owned homes dropped 0.5 percent last month to an annual rate of 6.15 million, the weakest since January 2004, according to the median estimate in a Bloomberg News survey of economists before the National Association of Realtors' report on Nov. 28. New-home sales also fell, a report from the Commerce Department a day later will show, according to the survey.

Slumping home sales and record numbers of houses on the market held down economic growth last quarter, even as consumers and companies increased their spending. Economists expect the government this week will report third-quarter growth at an annual rate of 1.8 percent, the slowest this year. ”

U.S. Housing Market Kept Weakening in October, Economic Reports May Show(Bloomberg)

City may sell City Hall

There are rumors floating around that the city may sell the Municipal Building, that 39-story edifice at One Center Street from which much of the city is run, for a residential conversion. But, as always in these things, it's stymied by the building's longtime tenants: the city Comptroller's Office, the Department of Finance, the Landmarks Preservation Commission, and the New York City Marriage Bureau. An agreement brokered between Mayor Michael Bloomberg and Larry Silverstein has the city renting 600,000 square feet in the complex at $56.50 a foot .

Via www.nymag.com

Speculation Buzzes on Possible Sale of Municipal Building in Manhattan (NYS)