Bring your contractor to this Junior 4, 858 square foot, west-facing, light-filled apartment which already has a wall up to create a second bedroom. Please see the side by side comparison of the "original condition" photos, followed by the virtually staged photos to give you a sense of what this apartment can be and more. We have also hired an architect to create an "alternate" floor plan. The Dorchester Towers condominium is squarely located on one of the most prime corners on the Upper West Side. With very limited apartments for sale in the building and at this price point, this is your chance to create your very own dream large, one-bedroom or two-bedroom home exactly to your specifications. Investors are certainly welcome as there are tenants and a lease in place through the end of August 2020. The Dorchester Towers, built in 1964, are a classic sixties white brick residence. The building combines a Mid-Century Modern style with the interior features common to that era of architecture: abundant light, open views, generous closet space and open floor plans. Most of the apartments feature studio, one-bedroom and junior four (convertible 2 bedrooms) layouts. The Dorchester is uniquely situated on a full block between West 68th and 69th Streets and Broadway and Amsterdam Avenue creating unusually bright and open exposures. The buildings amenities include a full-time doorman and concierge, package room, garage, laundry rooms on every floor up to 21, bike storage and additional storage units, a planted roof deck and an on-site management office. The location of this building in prime Lincoln Center makes it attractive to residents and investors alike: easy access to the 1, 2, 3 trains, crosstown and Broadway buses, two parks (Riverside and Central) and a variety of gourmet food shops, movie screens, gyms, and all of lifes necessities within steps.
Manhattan’s Upper West Side extends from 59th St. to 110th St., west of Central Park and is recognized as a diverse cultural area. Many residents have migrated to this area to enjoy the prewar family-sized apartments, brownstones, walk-ups, and extravagant new condominium buildings. Residents with children will find excellent private schools in this area and will benefit from easy access to both Riverside and Central Park. Culture buffs will be smitten with the proximity to Lincoln Center, The Museum of Natural History, The New York Historical Society and The Manhattan Children’s Museum. There are numerous unique boutiques, specialty food stores, eclectic restaurants, and trendy bars on the Upper West Side.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more