Prewar Condominiums in Greenwich Village epitomize the best characteristics of Condos for sale in all of Manhattan.  Often we are asked why pre-war condos in Greenwich Village are so desirable, to put it simply the demand for outweighs the supply and the apartments have so much character to them. The lack of inventory in the neighborhood for pre-war condos makes this a small niche of the marketplace and the inventory that does come on the market is often bought within a very short time of becoming available.

A number of reasons but most of our buyers who end up buying a prewar condominium in Greenwich Village are looking for certain apartment features that almost are only found in a prewar apartments.

Some of these prewar features include:

• Working Wood Burning fireplaces(not a gas insert, the real thing)
• Ceiling Height-Typically 9' feet or more, 10'+ in loft buildings
• Detailed Woodwork including crown molding, base molding, picture rails, window wells, fireplace mantels
• Certain Layouts-Typically are more grand and spacious including entrance foyers, separate kitchens, larger bedrooms, dining rooms, an elegance and quality of life that only these layouts possess
• Thicker Walls and Floors-A lot harder to hear your neighbors and any possible street noise, they just feel solid
• Building History-Some of the buildings were designd and built by famous developers and architects and are landmarked bringing with them a  prestige and reputation.

Is a Prewar Condo more expensive than a postwar condominium?

More often than not, I would say Yes.  In the Greenwich Village nighborhood, co-ops for outweigh the number of condominium buildings.  Then breaking it down further those condominium buildings that are pre-war condos and then you can become even more specific and want a pre-war condo on Fifth Avenue you only have a single building, 25 Fifth Avenue or you want a Bing and Bing built Emery Roth Designed building, you only have 59 West 12th Street that matches all of the criteria. Emery Roth also was the architect for the Devonshire House at 28 East 10th St, but it was not built by the famous Bing and Bing brothers.  Both 59 West 12th Street and the Devonshire House are consistently some of the most desired and subsequently highest selling pre-war condominium buildings in Greenwich Village.

What is the pricing for a prewar Condominium in Greenwich Village?

1. A Studio typically starts in the $850,000 range, but if it is a studio in a prewar loft like 114 East 13th Street or 125 East 12th Street the pricing starts at $1,150,000
2. A One Bedroom typically ranges in the $1,500,000 to $2,000,000
3. A Two bedroom typically starts at $1,600,000 for a smaller two bed/one bathroom upward of $4,000,000 for larger units
4. A Three Bedroom usually starts in the $3,000,00o but can exceed easily exceed $5,000,000 depending on unique features and apartment size

Are you interested in buying a pre war condominium in Greenwich Village?

Or interested in a free market analysis on selling your apartment, call us today at (917) 837-8869 or email Morgan(dot)Evans)(at)Elliman.com

For more information click here about Greenwich Village Apartments for Sale or Meatpacking District Apartments for Sale.

We pride ourselves on our expertise in the downtown Condominium market specifically Greenwich Village prewar condominiums, if you are interested in this segment of the market reach out to us today to discuss your individual needs.  We can be reached at (917) 837-8869.

Greenwich Village Apartments for Sale - Studio and One Bedroom Condos May 2013

If you are in the market for a Studio or One bedroom Greenwich Village Apartment for Sale there are three main questions to answer?

1. What is currently for sale?
2. How much have they been selling for?
3. How do I go about my search to buy one

First I'd like to date stamp this discussion as we've discussed this topic before and as everybody knows real estate is all about having the most up-to-date information, currently we are in the May 2013 Spring Sales Market in New York City.

1. What is currently for sale in the Studio and One Bedroom Category in the Greenwich Village Neighborhood in New York City?

Studio's and One Bedroom Condos for Sale in Greenwich Village is one of the most intensely demanded segments of the market.  So many factors involved, including the proximity of New York University and other universities have created way more demand than there is supply.  The outcome is that we consistently see bidding wars for the best studio's and one bedroom condos to come available in Greenwich Village.

• I see Eleven (11)different Greenwich Village Studio and One bedroom Condominiums for sale right now
• Price ranges from $689.000 for an alcove studio at the Georgetown Plaza(A very good buy in my opinion) up to $2,295,000 for a One Bedroom at the Devonshire House
• The lowest priced one bedroom is available at 44 East 12th Street asking $799,000(Another very well priced apartment)

       2. How much have Studio and One Bedroom Condos been Selling for in Greenwich Village?

• I see 17 apartments currently in contract, price range of $610,000 for a studio at 184 Thompson Street up to $2,175,000 for a One Bedroom at the Devonshire House
• Many of these apartments went into contract within less than 7 days of coming on the market
• Since the beginning of 2013, I track approximately 20 closed sales in the Studio and One Bedroom category with an average price per square foot of over $140 sq ft.
• Keep in mind that pricing depends a lot on the specific type of apartment.  If you are looking for a pre-war condominium the price point typically starts around $1500-$2000 sq ft, or if you want a new construction condominium expect $2000 sq/ft and up.
• Take a look at an article we wrote back in 2010 about Greenwich Village Apartments for Sale and see how pricing has changed, the pricing was in the $1100-$1200 sq ft range back then. This is a very prime neighborhood and these are entry level apartments, with little supply coming on the market its a smart assumption to make that pricing will continue to increase.

      3. Are you looking for a One Bedroom or Studio Condominium for Sale in Greenwich Village?

If you are, give me a call to discuss what it is you are looking for. I can be reached at (917) 837-8869 . 

This is a segment of the market we specialize in and we know depending on your budget and goals what buildings will work best for you.  Often buyers looking for condos for sale in Greenwich Village will also look in the Meatpacking District or the West Village or in the Union Square neighborhood.  

If you are looking for a Greenwich Village Apartments for Sale Studios and 1 Bedroom Condos and  would like to contact me, call me at (917) 837-8869 or email at morgan.evans (at) elliman.com

 Copyright © by Morgan Evans 2013 **Greenwich Village Apartments for Sale -  Studio and 1 Bedroom Condos**

All information is deemed reliable but is not guaranteed.

  Below is an Interactive Map with a comprehensive list of the Greenwich Village Condominium Buildings

View Greenwich Village Condominiums in a larger map

Manhattan New York Condo Market Overview 2012/2013

How’s the condo market doing right now? Are the sales prices going up? Is it seller’s or buyer’s market? These are some of the questions that we are receiving on an increasing basis so far this year.  And the answers to each question are never easy, as it depends on each segment of the market and each individual’s personal situation.

How did the condo market perform in 2012?The most impactful aspect of the condo market in 2012 was the declining amount of inventory on the market.  The decline of inventory has been a multi-year event, peaking in 2009.  Condominium inventory decreased approximately 30% in 2012. The total number of listings both condo and co-op is hovering around 5,000, about half of the peak in 2009 when there were 10,000 condo units for sale.

So had did this impact the market?
With demand outpacing supply, when a well-priced apartment came on the market, multiple offers were becoming quite commonplace, and increasing prices resulted.  Throughout many segments of the condo market including studio, one bed, two bedroom buyers in a variety of neighborhoods open houses were full, best and highest scenarios became more routine for the most prime condo units when it is priced and marketed by experienced agents correctly.

The Condo Market in Manhattan is Hyper-Local and Building Specific.  Comparing the West Village condominium market is going to be very different to the Murray Hill condominium market.  There are different factors that drive pricing for each neighborhood and it’s very important to keep that in mind.  Why does one building have 10 units on the market and a building next door doesn’t have any? Having a specific building knowledge of what differentiates each condominium building is something we have developed.

What to expect in 2013?
If you are a motivated seller, more than likely you will be in more control this year.  If priced and marketed effectively with the right agents like ourselves, you can reasonably expect much more interest in your condo units and a higher realized price than in years past.  Obtaining a mortgage is still an arduous process as lending practices for Manhattan condominiums is still tight.  New development condos coming on the market are mostly focused on the high end buyer and are smaller in size than during the peak new construction boom of 2006 and 2007.  If you are a buyer, you can expect full open houses, prepare your financing now and educate yourself early on in your buying process so when an apartment that meets much of your criteria comes available you are ready to make a decision.

For a fair assessment of your condo unit, and discuss how to take advantage of this market, contact us (917)837-8869 for a no pressure, no obligation conversation.

New York Greenwich Village neighborhood is one of the most desirable Downtown areas in Manhattan.  This location is and has everything, Greenwich Village is hard to beat. The heart of downtown Manhattan, with a northern boundary of 14th Street and running south until Houston St, pronounced(How-stun, not like the city in Texas) and from approximately Broadway to Seventh Avenue.

The New York Greenwich Village neighborhood is wanted for many reasons, visitors can always feel charming-ness of the neighborhood.  Tree-lined streets, architecture from the 19th Century, pre-war buildings with their wood burning fireplaces, the Gold Coast along  lower Fifth Avenue, the outdoor farmer’s market at Union Square, and an abundance of cafes, restaurants and shopping all at your fingertips.

Condos for sale in New York Greenwich Village is also a highly prized commodity.  Because of the historic nature of the neighborhood, you will find a high percentage of pre-war architecture and town home style architecture.  Also because of strict zoning laws that have helped preserve the neighborhoods , it is very difficult for new condominiums to be built in the neighborhood.  Because of these factors, condominiums for sale in Greenwich Village command a premium.  Another undeniable element of Greenwich Village is that it is the home of New York University.  Both rental housing or parents looking to buy a condominium near NYU or Parsons has made condos for sale that much more appealing.

Many buyers find the best condo in Greenwich village by understand the current market trends, the savvy buyers team up with Morgan Evans in order to receive up to the minute update of this neighborhood. Call Morgan Evans today at (917)837-8869 so you can be one of the savvy buyer and find the Greenwich Village home that you want.

Greenwich Village neighborhood condo specialist-MORGAN EVANS

Where is Greenwich Village Manhattan New York?

How much is Greenwich Village neighborhood one bedroom condo?

Greenwich Village Pre-war condos

Greenwich village condos buyers MUST READ

Top location of Devonshire House in Greenwich Village at 28 East 10th Street is one of the finest pre-war Manhattan apartments in the village.Remodel from top to bottom and converted to Condo Apartments, Devonshire House has the elegance of pre-war Manhattan apartments with the comforts of modern NYC real estate. In addition to its beautiful style, is has a list of luxury  amenities, making it one of the hottest  Real Estate listings.

GREENWICH VILLAGE NY CONDOS FOR SALE

175 West 12th Street is a full time doorman condo building in Greenwich Village. Located in Greenwich Village NYC, 175 West 12th Street is an ideal condominium to experience the Greenwich village neighborhood.

Call (917)837-8869 to find the right GREENWICH VILLAGE NY CONDO for you.

59 West 12th Street located on arguably the most beautiful Greenwich Village block between Fifth and Sixth Avenues is one of the quintessential pre-war condominium buildings in Greenwich Village.