400 Fifth Avenue Condos

400 Fifth Avenue – Setai Fifth Ave New York is developed by the international Real Estate firm, Bazzi and Partners. [Updated now it is 400 FIFTH AVENUE]

Soaring 60 stories in Midtown Fifth Avenue. Designed by the award winning architectural firm Gwathmey Siegel, with interior by Das Concept, 400 Fifth Avenue – the Setai Fifth Avenue is now becoming one of New York most recognizable skyline and attractive address.

400 Fifth Ave – Setai Fifth Avenue will be a five star luxury hotel and residences. Residences enjoy the high floor Fifth Avenue view of Empire State building down to Greenwich Village Washington Square Park arch, up to Central Park South with partial Central park view.

400 Fifth Avenue – Setai Fifth Ave is located in Midtown right on Fifth Avenue – Fifth Avenue New York is the heart of the New York city. From downtown Greenwich Village the Washington Square Park to Museum Mile to the top of Central park, Fifth Avenue has all the New York iconic landmarks.

Residential Features:

Private residential lobby off Fifth Avenue
Individually controlled A/C and Heating unit
Prewired high-speed internet, cable and tv service
Nine foot plus ceiling
Miele Washer/Dryer
Exclusive Spa with all the treatment
3,000 SF fitness center with classes
400 Fifth Avenue – Setai Fifth Ave New York – The building opens this October 2010. If you would like to find out more information or preview this spectacular building and investment opportunity, please contact us today and you will be on the VIP list of clients to preview this luxury condominium living on Fifth Ave. Call (646)644-6929 or (917)837-8869.

Park Millennium Condo and Millennium Tower

Today we continued to work with our buyers who are in town to search for their second/third home here in Manhattan New York. We were near Lincoln Center, Central Park area looking at many panoramic Central Park and River view condos.

One building in particular were the Park Millennium Condo and Millennium Tower. There are two separate address for this one big building. (111 West 67th Street and 101 West 67th Street). Park Millennium are condo units up to 44th floor and Millennium tower are for the residents who lives 45th floor to penthouse levels.

We were touring two very special three bedrooms condo units that were high in the sky with dramatic city skylines and full Central Park views. The price points for these condos were ranging from $3,100 per square foot to $4,400 per square foot.

Central Park/Lincoln Center condos are one of the kind since 85% or more of the housing here in Manhattan New York are cooperatives. Many of our international buyers including these buyers are always interested in this prime location of Manhattan.

Central Park condos is one of the frequent requests by our international buyers.

Our international buyers prefers to purchase Central Park condos in Manhattan New York. Central Park is one of the most beautiful and well preserved park in Manhattan New York, and all along Central Park there are many cooperative buildings that have direct Central Park views, there are only few condo buildings near Central Park.

There are several Central Park Condo buildings along the park, they are: 1 Central Park West, 15 Central Park West, 25 Central Park West, 25 Columbus Circle (TimeWarner Center), 60 Columbus Circle (Mandarin Oriental Residences), 160 Central Park South (Essex House), 1 Central Park South, 923 Fifth Avenue and 995 Fifth Avenue (condop).

In order to have a Central Park view condo, the condo building does not necessary to be right next to Central Park. The condo building can be few blocks away from the Park, as long as the unit is on the high floor and there are lower buildings around it, the condo unit can have an unobstructed view of Central Park. (here is a picture of myself in a condo “Millennium Tower” building that is few blocks away from Central Park.)

In todays market, Central Park Condos with direct Central park views is priced range $3,200 to $4,500 per square foot upwards. This is just an approximation of the price range, each Central Park condos is also priced based on its building, condition, exposure and other factors.

If you are looking for a Central Park Condo, we can help. Call us (917)837-8869 or Email us the Central Park condos experts and we can discuss your specific needs.

Facts about True Foreigners invest in Manhattan New York Real Estate.

Foreigner and investors are majority of our buyer clienteles, we often have to explain to the buyers about the Manhattan housing market, which consist of Condominiums and Co-Ops. Often, we encounter the question….

“Can a Foreign Buyers and Investors buy NYC co-op?”
Co-ops are 90% or more of New York Real Estate. Co-op buildings are governed by Co-op Boards, which make every essential decision about the building and set building house rules and policies. Among those decisions, Co-Op board of directors approve every potential purchaser.

Foreign National Buyers or Investors to buy an apartment in a co-op building are not easy for several reasons:
1. Co-op buyer/purchaser approval takes months — and is a time consuming and notoriously difficult process. The majority of Manhattan co-ops only approve buyers with New York employment, United State income tax and excellent US credit history. Most important, United States law DOES NOT require a co-op to provide any explanation for a potential buyer’s rejection.

2. There are often limit restrictions on how much financing a buyer can use (for example, no more than a certain percentage of the unit price).

3. Almost all co-ops restrict the right to sublet your apartment, which makes it un-desirable to investors. Usually, co-op apartments cannot be rented out at all or can be rented out for 1 or 2 years after a certain number of years of owner occupancy.

4. Co-ops regulate your use of the apartment in many other ways, this including having guests using the apartment or performing renovations.

5. When selling (or renting it out when allowed) a co-op, your buyer will be subject to co-op approval as well, which reduces the number of qualified buyers and therefore reduces the price of your investment.

6. There are often additional “flip taxes” on the resale of a co-op to discourage speculators. All these measures are intended to protect interests of other co-op shareholders and make sure that a new buyer is financially stable, and will always be able to pay for monthly maintenance, improvements and expenses of the building. In addition, often residents of co-op buildings often view their building as exclusive clubs and want to make sure that the building attracts only a certain type of people who use it in a certain way that makes all the residents comfortable.

The purchase price of most co-ops is approximately 10-20% lower than that of condos. Monthly expenses (maintenance), on the contrary, are usually slightly higher and include utilities, maintenance expenses, real estate taxes, and the corresponding share in the mortgage indebtedness of the building… if the building has a mortgage loan. In addition to the mortgage interest on their own loan, co-op shareholders can deduct their portion of the corporation’s real estate tax from their taxable income.

Still, co-ops can be attractive for those who would like to use the apartment as a primary residence or as a pied-a-terre (part-time stay). For the most part, co-ops are older (prewar) buildings with beautiful authentic features, fireplaces, high ceilings, moldings… and sometimes even their own gardens.

If you are looking for a Real Estate Professional who understands Foreign Nationals buying in Manhattan New York city Real Estate and are looking for the right investment, or are selling your property contact us and we can discuss in details.

We can be reached at (917)837-8869 or contact us

disclaimer: We are not a bank and we cannot loan you or your broker any financing. We work with the top banks and brokerages in the country and can put in front of the best loan officers in New York. These requirements listed above is merely to give you an idea of your financing options; not to market our services.

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Category: Uncategorized

400 Fifth Avenue Condos

Park Millennium Condo and Millennium Tower

Manhattan New York Central Park condos

Central Park condos is one of the frequent requests by our international buyers.

Can a Foreign Buyer or investor buy NYC co-ops?

Facts about True Foreigners invest in Manhattan New York Real Estate.

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