Tag: NYC

The Riverhouse- 1 River Terrace- Luxury condominium for sale in Manhattan

The Riverhouse , at 1 River Terrace in Battery Park city, is among the greenest luxury apartment buildings in Manhattan, there is however more to this remarkable Manhattan luxury apartment than LEED Gold supportability. Few NYC luxury condos can compare to The Riverhouse ‘s pace-setting mixture of class and potency, and the uninterrupted mix of LEED Gold efficiency and conventional Manhattan luxury has made The Riverhouse one of the most up to date luxury condo lists in Battery Park city. The houses for sale at The Riverhouse offer everything Residents of New York expect from a Manhattan new luxury condo, from spacious floor plans to striking Stream viewpoints, from up-to-the-minute appliances and finishes to luxurious comforts. What sets The Riverhouse except for other Manhattan luxury apartment lists is that it offers all that alongside a handful of energy-saving virility features. The Riverhouse’s unique comforts, which range all the way from a children’s playroom to an ultra-modern fitness facility to a residents-only treehouse ( essentially ), stand as further evidence that, at The Riverhouse, living sustainably does not have to mean sacrificing luxury.

The luxurious apartments for sale at The Riverhouse list among the most sublime flats in lower Manhattan even before their numerous viable features are factured in. Respected designer David Rockwell consulted on the planning of The Riverhouse’s luxury condos for sale, and his steady touch and awareness of detail is clear in every aspect. Kitchens feature sustainably sourced teak cabinetry and state-of-the-art appliances, from Sub-Zero refrigerators and Thermador ranges to Energy Star Miele dishwashers and washer / dryers. Energy-efficient windows offer surprising city points of view, while The Riverhouse’s building-wide air cleaning system and a bunch of built in efficiencies in each unit make sure that the luxury condos for sale at The Riverhouse are as green as NYC luxury condos get. What makes the living experience at The Riverhouse so exceptional, though, is this luxury luxury condo building is equally as lush as it is viable. The expected full-service facilities are all in effect including on-site parking and 20 four hour concierge and doorman, but The Riverhouse also offers facilities that go over and above even what NYC dwellers expect from a luxury luxury condominium in Battery Park city. These include a children’s playroom, landscaped roof terrace, media refrectory, fitness center with indoor pool, nice Yoga studio, round the clock access to an “eco-luxury auto service,” dog spa, and that previously discussed treehouse.

The Riverhouse has outwardly thought of everything and missed nothing, and its mix of supportability and full service luxury makes these studios for sale some of the most desirable luxury condominium lists in lower Manhattan.

Purchasing New York City Condominiums The 11 Things You Need to Know

be submitted While condominiums around the country can be found in many scenic locations, New York City condos are usually situated in high-rise buildings stacked one atop the other. However, Manhattan condominiums are still considered real estate, and usually the same laws on sales, financing and taxes that apply to other properties also regulate them. Here are some tips to keep in mind when you go hunting for Manhattan condominiums: >>> Approach buying your first condo as if you are purchasing your first home. Try not to overreach financially. Its’ acceptable to put only 20 percent down. >>> It’s also advisable to obtain a mortgage that has a fixed rate, so that you have monthly housing expenses that remain stable. >>> Be conservative. Do not spend more than 35 percent of your pretax earnings on mortgage, property tax and home insurance combined. >>> Plan for the future, particularly if there are children on the horizon. Make up budgets including a proposed mortgage and factor in different variables like both spouses working full time, one employed part time and one remaining at home for a couple of years. >>> Even if you do not have or plan on having children your proposed budget should reflect life’s uncertain variables like industry downsizing and mid-life career changes. >>> Factor the common charges into your budget. This is the monthly fee you are required to pay which goes to the maintenance of the condo building. >>> Fully understand what will constitute the physical parameters of the unit your own, as well as the building’s common elements like the land it is built on and the lobby and hallways. This will be spelled out in the condominium’s declaration and by-laws, which are required from the building’s owner or developer. >> Be aware, that the board does not have the right to deny your purchase of the property. They do have a -right of first refusal- to buy the property themselves, but this is seldom invoked. >>> Be aware of recent court cases that have dealt with the board of managers of NYC condominiums. For instance, the courts have held that board members cannot be held personally liable for the operating decisions they make as long as their members are operating in good faith. >> Gauge the market. The soft economy has taken a toll on prices sellers are getting for NYC condominiums. For instance, the week after Labor Day in 2007, studio apartments new to the market were listed at an average price of $525,000. The following year, the average price was $429,000. In 2009, it slipped to $399,000. When you have a good idea of what condos in your size and price range are going for, you’ll have a better handle on what to offer. Buying your first condo in Manhattan can be an exhilarating and joyous experience. Keep the points above in mind, and your purchase will be that much more satisfying.

Elika Associates works for you as a Exclusive Buyer’s Agent, we specialize in the buying side of the real estate transaction. Your interests as the buyer always come first with us. For more details on new york city condos please visit our website www.elikaassociates.com/condominiums a>