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Best Manhattan Neighborhoods to Buy Real Estate Property in 2019

Real estate is always hyper-localized, so when you hear that there might be an oversupply of new condos in the Manhattan real estate market in 2019, note that four fringe Manhattan neighborhoods will be most affected — the Financial District, South Street Seaport, Lower East Side & East Village.

Now that you know what is going on in the new development condo market across Manhattan, we suggest you take a look at the following new developments for sale in prime NYC neighborhoods without oversupply.

West Village

We love the location of this building in the heart of the West Village and love that it has good bones! Originally built in 1912, 90 Morton, which was the home of a Printing House for four generations, is being reinterpreted into luxury residences in the heart of the West Village. Because of its previous industrial use, it has high ceilings, large spaces, and a thick density between floors to minimize sound from neighboring floors, making it ideal for family living.

The building will feature 35 residences on 12 floors ranging from 2 to 5 bedrooms. Living spaces are grand and loft-like, with up to 12-foot ceiling heights, ceiling beams, 10-inch wide white oak flooring, Poliform kitchen cabinets, Dolomite white marble baths. Floors 8 to 12 feature private terraces and larger scale windows.

Amenities include a 24-hour doorman and concierge, adjacent automobile bay that provides privacy and security, private library, pool, fitness center, and a fully landscaped terrace on the roof with kitchen, bar, BBQ, fireplace and powder room, with 360-degree views of the Hudson River and Statue of Liberty.

Images Courtesy: 90 Morton

Gramercy

We love the price points at 200 East 21st Street, as well as the clam neighborhood. One of a more reasonably priced new development condo in Gramercy is 200 East 21st Street. Delivery is expected by the end of 2018. This private enclave of 67 residences in the coveted Gramercy neighborhood, which includes Gramercy Park. Architects at BKSK designed the historically contextual masonry and glass facade. Interiors are crafted by Champalimaud, while renowned landscape architect Halsted Welles Associates has designed integrated communal green spaces and landscaped private terraces.

Residences feature 8' tall bronze windows, 7" wide plank oak flooring, Poliform kitchen, white sand Quartzite countertops and backsplash, Dornbracht fixtures and appliances by Miele. Master baths feature Turkish Lilac marble walls, complemented by white Sivec marble floors, a custom RiFRA vanity, and Dornbracht fittings and fixtures throughout.

Amenities at 200 East 21 Street include both indoor and outdoor spaces, including a sky-lit formal Wellness Suite reception area with attendant; sun-filled fitness center, residents’ lounge with entertainment center and entertaining kitchen; and integrated planted rooftop lounge.

Images Courtesy: 200 East 21

Upper West Side

We love this new elegant boutique luxury condo building at the northwest corner of Broadway and West 81 Street. Designed by Robert. A.M. Stern 250 West 81st Street will rise 18 stories and have only 31 homes. Alchemy Properties and the Carlyle Group are developing the property and Alchemy Properties and Stribling Marketing Associates are the exclusive sales agents for the project. The building has been selling out fast, so there are only a few units left.

We love the work of the building’s architect, Robert A.M. Stern, one the best architects in Manhattan. The building’s facade is typical Stern, in classic Manhattan pre-war style, with setbacks, Indiana limestone & grey brick. Stern has designed some of the most important buildings in NYC, such as 15 Central Park West, Superior Ink, 20 East End Avenue, 520 Park and 220 Central Park South. While the prices at some of his other buildings are out of reach for most, pricing here is much more reasonable.

The timeless classic all-white interiors at 250 W 81 Street, which will feature high ceilings, large windows, herringbone patterned oak floors, Smallbone Devizes kitchens from England, and Gaggenau appliances. Baths will feature white marble flooring, marble walls, and custom marble vanity. Other bathroom features include rain showers, soaking tubs and radiant heat floors.

In the heart of the Upper West Side

Occupancy is expected at the end of 2019.

Images Courtesy: 250 West 81 Street

Upper East Side

We love 40 East End Avenue, designed by architect Deborah Berke, the dean of the Yale Architecture School where she replaced outgoing dean Robert A.M. Stern, features 29 residences, from 2 to 5 bedrooms, over 18 stories. The building just launched and is at its very first offering price. 20 East End Avenue, a new condo development one block south, did very well in terms of price appreciation and prestige from offer to delivery. We expect similar results here…

Residences at 40 EEA feature lots of windows, white oak hardwood floors, Gaggenau appliances, Italian Arabescato Caervaiole marble slab countertops, Waterworks fixtures and a collection of elegant Italian marble complete the bathrooms. The amenities at 40 EEA offer both convenience and glamour. The suite of amenities includes a library, game room, fitness center and gourmet catering kitchen. Outside, the porte-cochere ensures vehicular privacy at a discreet, covered secondary entrance.

Images Courtesy: 40 East End Avenue

Upper East Side

We love the French design of this new construction building at 27 East 79 Street, and the fact that it is only a half block from Central Park! By far, it is one of the most gorgeous new developments on the market…if you love French design — which we of course do!

On East 79th Street between Madison and Fifth Avenues, only steps from Central Park rises 27 East 79, the only condo to ever grace the block giving foreign buyers and investors an opportunity to in a storied neighborhood that has mostly coops and townhomes.

The building’s facade is designed in Beaux Arts style with Art Nouveau touches, while taking cues from its prewar neighbors. The building is clad in limestone adorned by iron grillwork of the entry doors, Juliet balconies, and glass-domed marquee.

Residences feature white oak parquet de Versaille flooring, custom moldings, and large windows and direct elevator access. In addition, kitchens feature French La Cornue ranges, Miele appliances and custom millwork by architect Cabinet Alberto Pinto. Baths are clad in marble.

Steps from shopping on Madison Avenue, the Metropolitan Museum of Art, the Frick Collection, Gagosian Gallery, and Solomon R. Guggenheim museum, and all the best private schools in Manhattan (Collegiate School, Dalton School, Trinity School), the location cannot be beat.

Images Courtesy: 27e79.com

Knowing the best Manhattan neighborhoods to buy a condo can be tricky, especially with a lot of new development coming on the market. We suggest you take the time to understand the different economics of neighborhoods, including what is coming in the pipeline.

If you are not working with a broker, start working with one now. Make sure they understand what is really going on in the market — many don’t. It’s even more important in a buyers market to have your own agent, as you may end up leaving money on the table, which is never a nice feeling. Your own broker will have no vested interest in urging you to select a specific development. And, remember, the developer’s agent works solely for the developer! Not for you!

At Manhattan Miami Real Estate we specialize is helping International and domestic buyers locate and purchase exactly the homes they want, and do it at the right price. Whether you are looking for an investment property, primary home, an apartment for your child who is going off to Columbia or NYU, or looking to trade your investment property in NYC, we are here to help.

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