Downtown on the West Side between the Hudson River on the West and South, the West Side Highway on the East, and Chambers Street on the North.
River views and river life are the biggest draws for seekers of Battery Park City apartments and condos. Because the land is technically owned by the Battery Park City Authority, a public entity, residents of these downtown condos do not pay taxes, but rather PILOT — Payments in Lieu of Taxes — which help to maintain the glorious esplanade which is Battery Park City’s crown jewel. The beautiful ribbon runs for 1.2 miles, linking together a string of kid- and pet-friendly parks. Many of Battery Park City’s condos look out onto these wonderful bits of green to the Hudson and beyond. Strolling, rollerblading, biking, or just catching a spectacular sunset or a close-up of the Statue of Liberty are all perks enjoyed in this wonderful downtown neighborhood.
Built on the southwest tip of Manhattan, Battery Park City is both quiet and convenient. The luxury apartment living feels similar to suburban life, but is conveniently located near Wall Street for work and lively Tribeca for play. Riverhouse, Visionaire and Millennium Tower Residences are newer condominiums, providing twice-filtered air and filtered water — meeting an environmental standard for green living first set by the Solaire, a Battery Park City rental building that is the nation’s first environmentally-conscious high rise. Hudson Eats offers a high-end food court in the World Financial Center with establishments such as Blue Ribbon Sushi, Umami Burger and Sprinkles Cupcakes. Additionally, the eagerly anticipated Le District, described as “a French Eataly,” will open in late 2014, while Brookfield Place will open high-end retail options in the spring of 2015. Furthermore, an 11-screen movie theater screens both popular favorites and hosts part of the world-famous Tribeca Film Festival.
Popular posts from this blog
April Market Reports: 3 Important Takeaways to Share With Your Clients May 30, 2019 OVER 1,000 MANHATTAN HOMES ENTERED CONTRACT IN APRIL. According to the StreetEasy April 2019 Market Reports, the New York City sales market may be strengthening. This news comes after months of weakening prices across the city, rising share of price cuts and growing days on market. Read on for three takeaways from our most recent report that will offer you and your seller encouraging signs. Nearly 1,200 Homes Entered Contract in Manhattan This April The context: The number of pending sales in Manhattan rose by 26.6% year-over-year to 1,193 in April. That marks an annual increase of more than 250 and the most homes to enter contract since 2015. Upper Manhattan saw a lot of contact activity with pending sales doubling to 132 from 66 the year before. Washington Heights and Central Harlem led the charge with 53 and 29 homes entering contract, up by 104% and 53%, respectively. The takeaway: M
A design revolution in New York City is taking place, as the Chelsea neighborhood transforms from a derelict wasteland to a thriving nexus of art and architecture. The Hotel Americano, the first U.S. outpost of the splashy Mexican hotel chain Grupo Habita, recently materialized on Manhattan’s West 27th Street. It’s situated between 10th and 11th Avenues, at the northern frontier of the Chelsea art district, in the middle of a block best known for its cacophonous, warehouse-scale nightclubs. Why, you might wonder, would anyone want to build a hotel here? But the unpromising appearance of the location is part of the allure. “It’s gritty,” says owner Carlos Couturier, “and I like that grittiness. It feels like what the Meatpacking District was ten years ago. Very authentic.” Yes, Way-West-27th is authentic—some of the nearest residents are in a cluster of city-owned housing projects—but here, as elsewhere in Manhattan, grit is an endangered species. Just down the block from the
Legal Line Question of the Week - REBNY Transfer Taxes and Grossed up Consideration I represent the prospective purchaser of a new construction condominium unit. In speaking with the sales office for the sponsor, I was informed that my purchaser is responsible for paying both the New York City and New York State transfer taxes. I thought that the obligation to pay transfer taxes was the r esponsibility of the seller. Can you please explain? Generally, when real property (or a co-op apartment) is sold in New York City, the seller is responsible for paying both the New York State and New York City transfer taxes. In residential real estate transactions where the purchase price is greater than $500,000, the New York City transfer tax equals 1.425% of the purchase price (and where the purchase price is $500,000 or below, the New York City transfer tax is 1% of the purchase price). The New York State transfer tax is .4% of the purchase price. New Yo