Located in the heart of downtown White Plains NY – the Broadlawn is one of the most desirable cooperatives in White Plains. Located at 20 North Broadway – the Broadlawn is centrally located within a block of the White Plains City Center, and Trump Tower. You can easily leave the car behind and walk to shopping, fine dining, entertainment and the train.
Previously, I wrote a web page about the Broadlawn which included many of th amenities of the complex and of the immediate neighborhood. It also included a sales history about the complex and the walkability of the neighborhood. This post is a simple update on the sales history reflecting changes that have occurred during the first quarter of 2010. To access the original page complete with sales history, statistics and a video - go to the following link: The Broadlawn - White Plains NY
Update on sales prices and listing prices for Q1 2010:
Since there have been very few actual sales at the Broadlawn this past year, I have delayed updating the graphing until the end of June. However, the one recorded sale of a 2 BR unit since the beginning of the year was at $260,000 for a unit that was not renovated. Although this indicates a marked price decline from the previous year, it should be noted that there was always a major pricing difference between units that had undergone renovations and those which have not. Asking prices are certainly down from the previous year. The range in price for 2 BR units is from $195,000-$389,000. The median asking price (which does not reflect an actual sales price) is $329,000 – which also indicates the reality of the market by pricing in a significant decline. Further, given the fact that there have been relatively few sales at the Broadlawn, the presence of six 2 BR units on the market represents a significant inventory. This is an opportunity for buyers. But sellers need to price their units accordingly or they will linger on the market.
To Search for Homes and for further information go to my website/blog with free home search at The Westchester View.
I am always happy to answer your questions and you can speak to me directly on my moble phone: 914-374-5529.
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