New York City Real Estate Blog

Urban living in Westchester

According to Martin Ginsburg, the developer, Marbury Corners was designed to attract two kinds of buyer: either those priced out of Manhattan, or those seeking a city-type residence in a suburban setting. All but a handful have been sold, he said.

The largest structure, an elevator building called the Marbury Club, has studios and one- and two-bedrooms units, many with balconies or terraces, and offers concierge service. Underground parking is available for a monthly fee of $100; a second space for the same unit costs $200.

In the loft building, each of the six units has two bedrooms, a double-height living room and contemporary-style kitchens and baths, and they seem to attract distinctly younger buyers. The master bedroom is on the third floor, and the second bedroom on the fourth. Enclosed parking, on the entry level, is free.

The five units in the third building are also on four levels. Each has two bedrooms, an eat-in kitchen, cathedral ceilings, a sleeping loft and a bonus room. Parking is free here, too.

http://www.nytimes.com/2006/12/10/realestate/10wczo.html?ref=realestate

Links:

http://www.thejournalnews.com/LivingHere/westchester/features/pelham.html

http://westchester.com/Westchester_News/Westchester_Real_Estate_News/Pelham's_Marbury_Corners_Wins_Award_200612017178.html

http://nymag.com/nymetro/realestate/advertorial/11536/index.html

http://www.gdcllc.com/project_10.htm

One Unit for sale - http://www.pelhamny.com/listings/stf313.shtml

Location

 

High end listings profilerate and the bubble is set to burst

Another story which validates why the real estate bubble is ready to burst?

But she became worried that the market was becoming saturated and
that she might have trouble renting her apartment, and she put her unit
up for sale in the fall, asking $699,000.

She was not the only
one who decided to speculate on the 212 condos in the newly built
35-story Trump Tower at City Center, where some units offer views of
the New York City skyline.

John Durante, a real estate investor
and law student at Pace University, purchased a two-bedroom penthouse
condo with two and a half baths and a 500-square-foot terrace at the
new Trump building for just over $1 million. Last fall, when the units
in the residential tower were almost sold out, Mr. Durante put his
condo on the market for $1.9 million. When it did not sell, he lowered
the price to $1.79 million. It still has not sold.

http://www.nytimes.com/2006/01/08/realestate/08wczo.html

Technorati Tags: WestchesterHighEndProperties