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One Morningside Park

Started by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009
What do you think about pricing for this building , 1 br from 630k and 2 br from 1.2 mln?
Response by drdrd
over 12 years ago
Posts: 1905
Member since: Apr 2007

Central Harlem seems like a real misnomer; it's really Central Park North. Under those criterion, the pricing doesn't seem too bad.

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Response by semerun
over 12 years ago
Posts: 571
Member since: Feb 2008

It's a half block or so away from Central Park..so even if the label was used of Central Park North on 110th street along the park- this building would be ever so slightly off to be considered CPN. Some may see that is a technicality- but I guess it's a matter of perspective. Regardless- it's an easy justification by the developer to ask the prices they are asking. As long as Morningside Park stays clear this summer from violence, then I think the developer will do very well. Overall Morningside Park has been improving and I think it will continue to do so.

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

Anybody has pricing for 23 west 116th str? new construction by L+M?
http://lmdevpartners.com/projects/new-development/

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

which one is better for investement 1 br or 2 br?

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

*investment

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Response by jimendress
over 12 years ago
Posts: 14
Member since: Feb 2011

I've seen floor plans of 23 West 116th St through the listing agent. She gave me a sneak peak. The layouts are going to be generous.

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Response by msky
over 12 years ago
Posts: 22
Member since: Apr 2013

One Morningside Park. It's a much better location. Being close to two parks is a premium in this city.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012
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Response by rcaldridge6
over 12 years ago
Posts: 11
Member since: Sep 2011

watch out for the developer, the offering plan is very shady by the sound of it. Look at comments in HarlemBespoke.com

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Response by subir
over 12 years ago
Posts: 0
Member since: Jan 2009

Just got told they will begin selling some apartments shortly. 3 bedrooms are priced from 1.9m to 2.3m.

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Response by caonima
over 12 years ago
Posts: 815
Member since: Apr 2010

1bdrm about 800k

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Response by LLLAAA
over 12 years ago
Posts: 21
Member since: Jan 2008

how big the 3 bedrooms will be? do you know price per square foot approximately? for one morningside park or for 23 west 116th street?

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Response by caonima
over 12 years ago
Posts: 815
Member since: Apr 2010

23 w 116 is a joke. the local guys already took back the night, even on fred doug ave, it's like war zone at night

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

that's not true , the area is getting better....
40 west 116th str - Kalahari building, is extremely nice with lots of amentities,
2 br 2 ba used to be 620k-670k , 5 years ago , and now 2 nd and 3rd floor were sold for 750 k , you can rent it out for 3200/mo , with tax abatement for 25 y... go find better price in Manhattan , 5 blocks from central park ! NYC!!!!How many central parks you going to have?

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

or you think its better to buy 1 br cell 620 sq ft for 818k in a buiding with no garage and without basic amentities ( one morningside) ?

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Response by caonima
over 12 years ago
Posts: 815
Member since: Apr 2010

not many people need those amentities. walking through 6 filthy blocks to a park is not the best option

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

may be you don't need it because you don't have a car , kids and you dont need to go to gym

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

or because you want to have 620 sqft for the money that will buy 1300 sq ft in Kalahari and still have a project next door and criminal and filthy morningside park?

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

1280 fifth ave /one museum mile is even better choice for better money and much better quality ! And they can not sell it any way......

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

818k for 620 sq ft 1 br @ one morninside park ??????? In Harlem? lets see how many years it will take for them to sell the building?

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Response by aboriginie
over 12 years ago
Posts: 10
Member since: May 2009

To say Morningside Park is criminal and filthy is just inacurate. I walk the length of the park every day.

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009
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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

Most dangerous place in most dangerous city- read the article

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009
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Response by caonima
over 12 years ago
Posts: 815
Member since: Apr 2010

is parking in kalahari free with each unit?

anyway, i think there's no project around morningside park, but a lot around kalahari .......

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Response by MattThompson
over 12 years ago
Posts: 92
Member since: Mar 2013

I think 1280 is already 80% sold.. we were just there over the weekend...

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Response by scarednycgal
over 12 years ago
Posts: 170
Member since: Mar 2013

But with NYC ending stop and frisk, probably all the parks in NYC will become more dangerous, no?

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

yep,
it took for them 3 years to sell 80%

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Response by MattThompson
over 12 years ago
Posts: 92
Member since: Mar 2013

NYC will not end stop and frisk - I think it will be modified to have the appropriate controls in place.

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Response by scarednycgal
over 12 years ago
Posts: 170
Member since: Mar 2013

Not before the crime rate goes up and we have more shootings and deaths.....it's a slippery slope and none of the mayoral candidates will be equipped to handle it.

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Response by caonima
over 12 years ago
Posts: 815
Member since: Apr 2010

just stop and search all those junkies, they don't need any rights

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Response by Roger10026
over 12 years ago
Posts: 7
Member since: Jul 2013

Many of the apartments are over $1400 per square foot. If the developers can get that, there will be many new developments built all along 110th Street. The asking prices are very high, though. The building technically is not on CPN.

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Response by Roger10026
over 12 years ago
Posts: 7
Member since: Jul 2013

Anyone have any experience with the developer - Artimus Construction?

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Response by sdeniseed
over 12 years ago
Posts: 64
Member since: Nov 2010

Atriums pretty much redid that part of Harlem. Saha 118, Brownstonelane, the newest condo on 110 and renovated many Buildings in the neighborhood. The only construction prob I know of is theRosa Parks condo. Many problems with leaks.

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Response by jm75681
over 12 years ago
Posts: 35
Member since: Jul 2009

@muromec, 1280s first closing was April 2012. Now80% closed or in contract. So, a year and a half, not three, to get to 80%.

@Roger10026, I agree. It seems like One Morningside is selling well given that a bunch are in contract and if they are anywhere near the offering price, CPN is going to populate with lots of new condos. One Morningside is pricey but low carrying costs and you could always rent to Columbia students.

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Response by jm75681
over 12 years ago
Posts: 35
Member since: Jul 2009

does anyone know what price pst these are really going into contract at?

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

jm,1280- they started selling it 2011, you can check this site for recorded sales as you probably aware

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

no neg for one msp

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Response by jm75681
over 12 years ago
Posts: 35
Member since: Jul 2009

muromec, I see the 2011 sales, but when you click on the docs tab that corresponds with the sales, all the 2011 "sales" show docs for 2012. So I don't think those 2011 sales are valid. I know they fired the first realtors in late 2011 and hired Core in Dec 2011. For all intents and purposes, the sales effort started early 2012, so it's been a year and a half to get to roughly 80%.

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Response by jm75681
over 12 years ago
Posts: 35
Member since: Jul 2009

Don't think I believe no neg for one msp.

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

Email from them - No negotiation plus buyer handles closing costs.

STACY SPIELMAN STOLZ
SALES DIRECTOR

ONE MORNINGSIDE PARK

212.452.4511
WWW.ONEMORNINGSIDEPARK.COM

BROWN HARRIS STEVENS SELECT, LLC
NEW DEVELOPMENT MARKETING
445 PARK AVENUE, 11TH FLR
NEW YORK, NY 10022

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Response by jm75681
over 12 years ago
Posts: 35
Member since: Jul 2009

Not buying it.

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Response by Bill7284
over 12 years ago
Posts: 631
Member since: Feb 2009

Just a thought, but I wonder what the new owners next door at 250 think about this? Note to myself; never buy next to a vacant lot.

http://streeteasy.com/nyc/sale/980059-condo-250-manhattan-ave-central-harlem-new-york

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Response by NWT
over 12 years ago
Posts: 6643
Member since: Sep 2008

The 250 owners aren't any worse off than they were before. They'll continue to enjoy airshaft-tenement life, with garbage flying by, intimate acquaintance with neighbors' lives, and so on.

This 240 condo is at the corner of 110th. It'll overhang the next building, 246, by 20 feet. (240 bought 246's air rights.) Then comes 250, and then two more 40'-wide tenement buildings, which takes you to 111th.

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Response by NWT
over 12 years ago
Posts: 6643
Member since: Sep 2008

240's website doesn't say anything about how people sign up for the lottery for the 14 low-income units.

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Response by huntersburg
over 12 years ago
Posts: 11329
Member since: Nov 2010

>They'll continue to enjoy airshaft-tenement life, with garbage flying by, intimate acquaintance with neighbors' lives, and so on.

Can you clarify?

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Response by NWT
over 12 years ago
Posts: 6643
Member since: Sep 2008

Sound reverberates in those long narrow courtyards between the buildings. The garbage I remember from time in a similar building on Second Avenue in the 80s. Maybe they're tidier on 110th.

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Response by muromec
over 12 years ago
Posts: 323
Member since: Oct 2009

how are the sales going....? lower-priced apt are mostly in contract.....

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Response by notadmin
over 12 years ago
Posts: 3835
Member since: Jul 2008

> One Morningside Park. It's a much better location. Being close to two parks is a premium in this city.

sorry, but the retail in that area seriously sucks. to consider "close to the park" as a plus above 96th in a vacuum doesn't work.

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Response by harlembuyer
over 12 years ago
Posts: 176
Member since: Dec 2010

Amazingly I've been told that this building is sold out!

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Response by muromec
about 12 years ago
Posts: 323
Member since: Oct 2009

looks ugly

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Response by muromec
about 12 years ago
Posts: 323
Member since: Oct 2009

for 1.6-2.1 mln ?

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Response by MattThompson
about 12 years ago
Posts: 92
Member since: Mar 2013

For the high priced psf for one morningside park - I think the buildings bordering northern central park presents way much better upside in the long run.

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Response by muromec
about 12 years ago
Posts: 323
Member since: Oct 2009

after 30 apts being in contract looks like the sale is slowing down..... 39 more units to go!
and all expensive units.......lets see...

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Response by harlembuyer
almost 12 years ago
Posts: 176
Member since: Dec 2010

Wow, all these sales and not a single floor plan to be seen!

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Response by muromec
almost 12 years ago
Posts: 323
Member since: Oct 2009

34 apt in contract out of 55 ... an other 14 apt will be affordable i think (lottery).....so 21 more apt to go at 1.6 mln for 2 br 2 ba!!

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Response by muromec
almost 12 years ago
Posts: 323
Member since: Oct 2009

just one apt sold over the last 2 wks... looks like sales are slowing down..... especially with 2 br 2ba 1150 sq ft priced above 1.6 mln.... whats next?

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Response by sdeniseed
almost 12 years ago
Posts: 64
Member since: Nov 2010

Lottery? Where did you see that?

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Response by muromec
almost 12 years ago
Posts: 323
Member since: Oct 2009

yep,
also interested where can I apply for affordable units in this building ,
its not listed on nyc.gov

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Response by notadmin
almost 12 years ago
Posts: 3835
Member since: Jul 2008

don't really like the location, too much traffic/noise on 110th.

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Response by muromec
almost 12 years ago
Posts: 323
Member since: Oct 2009

little /none of amenities,
no garage

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Response by muromec
almost 12 years ago
Posts: 323
Member since: Oct 2009

small windows and boring exterior...

all you can have for 1.7-2.2 mln!

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Response by muromec
almost 12 years ago
Posts: 323
Member since: Oct 2009

you can buy for the same or even less money One Riverside Park/50 Ruverside blvd

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Response by wc1
almost 12 years ago
Posts: 0
Member since: Nov 2007

I will wait for construction to be completed before making a final judgment but based on what's there now, I agree that the exterior is boring and the windows are small. I'm disappointed that Artimus won the bid for the lot at 110th and CPN (where the gas station was); I haven't seen any of their interiors but the exteriors of their projects have been bland / uninspiring / cookie-clutter-ish. The materials they use look cheap. I'm not hopeful for 110 and CPN but hope I'm wrong and will gladly eat my words.

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Response by KrCloser212
almost 12 years ago
Posts: 11
Member since: Dec 2013

Back to Real Estate , if anyone needs direct bank financing , please call me at 631-316-7272. Beat any deal that you have , I specialize in SFR / Condo and Coops in NY . Would love to chat and answer all of your questions, thanks! Good luck with your home search !

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Response by addict2re
over 11 years ago
Posts: 12
Member since: Dec 2009

Anyone know when closings will start here? What's your opinion of this building?

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Response by harlembuyer
over 11 years ago
Posts: 176
Member since: Dec 2010

Has anyone ever seen a floorplan??? How can you sell w/o floorplans?

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Response by NWT
over 11 years ago
Posts: 6643
Member since: Sep 2008

The plans are at http://a836-acris.nyc.gov/DS/DocumentSearch/DocumentDetail?doc_id=2014052902120002

You can see why they wouldn't be part of the marketing, as the rooms are very small. Not just the 14 low-income units, but all of them.

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Response by harlembuyer
over 11 years ago
Posts: 176
Member since: Dec 2010

Hi NWT. I don't actually see any floorplans in your link.

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Response by NWT
over 11 years ago
Posts: 6643
Member since: Sep 2008

Scroll to the bottom and click the "View Document" button.

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