Neighborhood_Apartment_New_York - Find Apartment in New York
by ujeeeazid
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Morningside Heights Apartments The outlook for Morningside Heights has never been rosier. Gone for good are the days where visitors to Columbia University were warned not to stray too far from campus if they valued their safety. With the economic upturn of the past five years, the entire area has become safer and more affluent. There are numerous reasons to choose the Heights as a place to set down roots. There are two famous colleges (including the aforementioned Columbia), two notable churches, and the answer to a perennial trivia question all within walking distance of each other. Probably the most impressive of the area's sights is the immense Cathedral of St. John the Divine. When completed, the church will be the largest domed cathedral in the world. More impressive than that , you know, is the fact that there is absolutely no steel holding up the structure-the completely stone structure supports itself! The painstakingly precise labor has taken its toll in time, however. First begun in 1892, the masons probably won't lay down their tools for at least another 50 years. A few blocks away from the church lies Columbia University, Manhattan's contribution to the Ivy Leagues. The college's self-contained campus is both sizable and surprisingly verdant, with well-manicured lawns that rival some of the smaller parks in the downtown area. Standing at the focal point between Butler and Low Memorial Libraries presents a decidedly un-metropolitan view. Simply looking at it makes you feel a little smarter. Directly adjacent to the Columbia campus is its "sister" school, Barnard College. Originally begun as an alternative to Columbia's now-defunct all-male admissions policy, the school is still strictly female. Substantially smaller than its counterpart, the college still manages to use both trees and a few well-placed lawns to make it seem a little larger. About another block away from Barnard (we told you everything was in walking distance!) stands Riverside Church. Smaller and brighter than St. John the Divine, the church is usually noted for both its stunning stained glass windows and unrivaled view. Ride the elevator and climb some steps and you'll be able to see as New Jersey, the Bronx, and parts of Queens laid out before you. Finally, the answer to the trivia question is: Grant and his wife, Julia. Grant's Tomb has recently undergone extensive renovation, and the domed structure is now free of the graffiti that had made it an eyesore. If you want to know more about the history of the monument, there are knowledgeable park service employees on hand willing to help. Like many of the sights in the area, touring the tomb is free. Because this neighborhood is further removed from its downtown counterparts, it tends to draw less of the bridge and tunnel crew on weekends. The nearby campuses insure that things pick up when class is over for the week, and both St. John's and Riverside Church host numerous community events throughout the year. With all the area offers, it is fast becoming one of the true gems of the West Side. Upper West Side Apartments The Upper West Side appears to go through great pains to not draw too much attention to itself. There are no neon-lit billboards like you'll find in Times Square, no towering skyscrapers like those near Wall Street. So why are there so many people here? The answer is that the Upper West Side is a fantastic residential area, especially for people thinking of starting a family. There are plenty of stores and markets, ample access to public transportation, great public schools, and two major parks within walking distance. There are some notable landmarks, but nothing that attracts scads of tourists like other areas. One spot that does attract a bit of outside attention is Zabar's, on Broadway between 80th and 81st Streets. New Yorkers tend to have an elephant's memory when it comes to food. Once they find something they like, it goes on the short list of places to revisit. Judging by the crowds, this gourmet food market must have pleased plenty of palates. For a different kind of sensory stimulation, Upper West Siders can take their pick of parks. And while Central Park may seem like a natural choice, but many residents here would prefer something a little less popular. For them, Riverside Park is the only choice. Riverside Park may not be as wide as Central Park, but it is considerably longer, winding its way from 72nd Street all the way to 159th. Despite the fact that the West Side Highway runs almost directly through its center, Riverside has become a favorite with locals in search of a few moments of tranquility. Most of the few landmarks that the Upper West Side has can be found in the park environs. For starters, there's the 79th Street Boat Basin. Here you'll find an exceptionally rare sight in Manhattan-people living on houseboats. Take one look at the view living here affords them, and you'll probably start thinking about it yourself! Because Riverside is generally less crowded than Central Park, it's a natural place for residents to enjoy a peaceful stroll. If you want to work up more of a sweat, you can take advantage of the red clay courts near 96th Street. Or if you'd rather participate in a team sport, chances are you can find a pickup baseball or softball game going on somewhere within the park's environs. Hugging the curves along the park's eastern edge is Riverside Drive. While it doesn't boast the hairpin turns of San Francisco's Lombard Street, it is the only major thoroughfare in Manhattan to consistently deviate from the straight and narrow. The brownstones and apartment complexes that line Riverside Drive's east side are especially prized for their magnificent views of the park. While it may not boast a park view, West End Avenue remains the neighborhood's most sought after address. The street is lined with beautiful buildings of varying sizes, each more picturesque than the last. And since most of the traffic in the area travels up and down Broadway, it remains relatively quiet no matter what time of day. So it's understandable why people who have chosen to live their lives here don't go out of their way to advertise the benefits of their community. Of course, we know we can trust you to keep this a secret. Right? Central Park West Apartments Although many of Manhattan's neighborhoods have had their ups and downs, the majority of Central Park West is just as prestigious a place to live now as it was decades ago. Towering over Central Park like a vast wall of monoliths, the buildings present both a literal and figurative pinnacle in the quest to reach the top in New York City. Of course, the main attraction for those who reside here is the unparalleled view of the park. While most other city denizens prefer to live close to the ground in order to avoid those grueling walk-ups, here the higher you are the better. The reason is instantly apparent once you look out over the swath of green all the way over to Museum Mile on the other side. Central Park West begins as one of the offshoots at Columbus Circle. A clue to the glitz and glamour that begins here is the ultra-luxurious Trump International Hotel and Towers. Donald Trump purchased the decaying building in the early 90s, and completely refurbished it. Now it presents a reflective glass exterior behind which are housed a five-star restaurant, luxury apartments, and some of the poshest hotel rooms in the tri-state area. A few blocks north of Mr. Trump's latest acquisition, comfortably nestled near the edge of the park is the often-filmed Tavern on the Green. The best seats in this restaurant are those that face the park, and they're the place to be come nightfall. The trees immediately surrounding the restaurant are adorned with thousands of tiny lights, creating a truly magical aura when they're switched on. On the northwest corner of 72nd Street and Central Park West stands the Dakota. Although the castle-like building-complete with dry moat-has long been a favorite among the famous, it is now notorious as the place where John Lennon was shot. A fitting memorial for this tragedy can be found directly across the street within the park itself in an area now known as Strawberry Fields. Named after one of Lennon's compositions, more than 160 countries contributed plants to this area dedicated to his memory. A marble mosaic with the single word Imagine asks all those who visit to honor his vision of world peace. Walk further north and you'll soon come to the four-block sprawl of the American Museum of Natural History. The museum contains many reproductions of animal habitats and some truly monstrous gems, but the main attraction is most definitely the dinosaurs. Recently adjusted to reflect the latest information on the great lizards, these massive reproductions fascinate both young and old alike. The greatest asset that residents enjoy aside from the magnificent location is the proximity of the Thanksgiving Day Parade. Those lucky enough to have a place by the parade route needn't worry about crowds or inclement weather, as the route goes directly past their windows. Many residents get into the spirit of the day by inviting their building neighbors over to watch the festivities. Because of the combination of amenities and location, vacancies in the Central Park West are not the easiest to come by. Those willing to make the investment, however, will find the dividends more than make up for the expense.
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Lower Upper West Side Apartments Residents of the Lower Upper West Side have always been locked in a rivalry with other neighborhoods. They're either viewed as less ritzy than their Lower Upper East Side counterparts, or too flashy for the rest of the Upper West Side. The truth, as is usually the case, lies a little more firmly in the middle. The neighborhood, however, has always been primarily residential. Initially settled by upper-class Jewish families, the area has long been a welcome haven for young professionals and those with an artistic bent. Because of this, the region is considered to be much more left leaning than the East Side. Lower Upper East Siders, who have long been used to having the corner market on residential hot spots, may be succumbing to a case of sour grapes. But what of the their neighbors a few blocks uptown? Well, what they consider flashy is really just good business. There have always been a number of shops and restaurants in this region, and the strong economy in recent years has only contributed to their proliferation. Both Columbus and Amsterdam Avenues are probably the best examples of this trend. Each thoroughfare does brisk business on weekends, especially during the summer months. Compared to the manic pace of the West Village and Midtown West, however, the area is relatively placid. Besides, what (as in defining something, WHAT is) would New York be without at least a little bit of the pageantry and glamour that people expect when they come here? One thing everyone can agree on, however, is that this neighborhood contains one of the most important cultural centers on the entire island. Of course, this can be said of none other than Lincoln Center. The land that Lincoln Center now occupies, between West 62nd and West 65th Streets facing Broadway, had its own claim to fame even before the marble buildings were erected. For it was in this area, back when it was considerably less safe, that West Side Story was filmed. The Sharks and the Jets may not be around any longer, but the Center itself won't be going anywhere for quite a while. Five major performing groups call the three main buildings that face the fountain home. If that isn't quite impressive enough, then you should try gaining admittance to the theater and music school tucked away in the back. The building that maybe directly faces Broadway is the Metropolitan Opera House, home of the American Ballet Theater and the world-renowned Metropolitan Opera. The southernmost building is the New York State Theater, where you can see the New York City Opera or watch the famous Nutcracker Suite performed by the New York City Ballet. Avery Fisher Hall, to the north, houses the New York Philharmonic and Jazz at Lincoln Center. It's possible that some of the future members of these companies are currently studying at the Juilliard School, just north of the Center. Not only does this school consistently graduate top performers in their chosen fields, they also host a number of inexpensive (indeed, some are free) productions throughout the school year. Many of the aforementioned restaurants make it especially easy for people coming in to see a performance to grab a little nosh before or after the show. If you like star-gazing, chances are you'll catch more than a couple if you sit outside. So let the other neighborhoods have their complaints. The residents of the Lower Upper West Side wouldn't have it any other way. East Harlem Apartments East Harlem is a district that has gone through quite a number of names throughout the years. Known primarily as Spanish Harlem outside of the neighborhood, it was more commonly referred to as El Barrio ("the neighborhood") inside it. Making this all the more interesting is the fact that Hispanics were not the first residents of the area. The residences in East Harlem were originally built to be much more modest than the middle-class structures being erected in neighboring Harlem. Because of this, working-class families naturally leaned toward places they could afford. And the first ethnic group to take advantage of the area was Italian. In the 1950s, the U.S. Government wanted to assist the people of Puerto Rico by alleviating the small country's problem of overpopulation by making it easier to emigrate to American. Numerous Puerto Ricans took advantage of the opportunity, and many of them eventually made the East Harlem area their own. One of the traditions that Hispanic-Americans maintain in East Harlem is La Marqueta, or the Market. Extending from 111th to around 116th on Park Avenue, this open-air market has a little something for everybody. Whether you're picking up vegetables for tonight's dinner or a knick-knack for the folks back home, chances are you can pick it up here. Those looking to delve deeper into Puerto Rican and Latin American culture should make a point of looking into El Museo del Barrio. What began as a classroom display in the late '60s is now a permanent collection of over 8,000 pieces, many of which date back to pre-Columbian times. The museum is significant for one other reason-it is the only one of its kind in America. A broader history of the entire city of New York can be found a block to the south at Fifth Avenue and 103rd Street. The Museum of the City of New York traces the growth of the Big Apple since the time it was still being called Nieuw Amsterdam. A recreation of John D. Rockefeller's master bedroom is just one of the many noted items you'll find here. Across Fifth Avenue in Central Park stands one of the most beautiful spots in all of East Harlem. The six-acre Conservatory Garden is set apart from the rest of the park as a formal garden. Come during spring to watch the tulips bloom, or drop by during the fall to get your fill of chrysanthemums. When the weather is warm enough, expect to see at least one newly-married couple stopping here to get their photos taken. Perhaps the most important set of buildings in the neighborhood are those that make up Mount Sinai hospital. Aside from being one of the better hospitals in the city, this complex is also one of East Harlem's major employers. The originally Jewish facility was moved here in 1904, and now takes up all of 98th to 101st Streets on Fifth Avenue. A significant sign that East Harlem is experiencing a greater influx of people is the planned opening of East River Plaza. When completed, this retail center on FDR Drive promises to be about 475,000 square feet. With more permanent jobs being created and easy access for commuters, the opening of the Plaza could be the beginning of a boom for the area. As is true for a large portion of the city, the once isolated ethnic enclaves of the city are becoming more and more heterogeneous. With more and more interest being shown in El Barrio, it shouldn't be long before it joins its Yorkville and Carnegie Hill neighbors as one of the most coveted sections this side of Manhattan.
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Carnegie Hill Apartments Unlike the famous concert venue located on 57th Street, Carnegie Hall, this neighborhood is located far from the noise of midtown. One of the poshest areas New York has to offer, it is the place to go for the person who has everything, but it has much to offer the rest of us as well. There's a very good reason that this area bears Andrew Carnegie's name. Near the turn of the century, when the area was considered the frontier of the city, Carnegie decided he would build himself a place to get away from the bustle of downtown. Unfortunately, the plan backfired. Other members of the upper class, seeing Carnegie's new mansion as a brave statement, followed him uptown. Not long after moving to his new estate, the steel magnate found himself in the center of it all once again. Because of all the new money coming into the neighborhood, the character of it changed significantly. Gone were many of the row houses and tenements. In their place sprang up mansions and luxury apartment complexes. Now, a significant portion of this section has been designated an historic district in order to prevent further development. Simply walking and examining the varying styles, from Federalist to Romanesque, it isn't difficult to see why these buildings should be preserved. Be sure to look carefully, as many of the facades contain intricate carvings that you won't see on most modern architecture. It seems somewhat appropriate that because of all the new designs that he brought into the district, that Carnegie's mansion is now home to a design museum. The Cooper-Hewitt Museum, part of the Smithsonian Institution, now uses the 64-rooms to demonstrate how design influences our lives on a day to day basis. The Cooper-Hewitt is not the only famous museum to grace Carnegie Hill. The upper half of Museum Mile, which comprises a healthy chunk Fifth Avenue along Central Park, forms the western border of the neighborhood. It is easy to spend a whole day in this section and only view a small portion of the historically significant contributions to the world of art. One of the most famous of the museums is the Guggenheim. The architect Frank Lloyd Wright designed the instantly recognizable building, and it is viewed by many as his crowning achievement. Inside, a single quarter-mile ramp spirals up its six stories past one of the best collections in modern art. The museum boasts, among others, works by such artists as Pablo Picasso, Paul Klee, and photographer Robert Mapplethorpe. If viewing some of the Guggenheim's collection of Mapplethorpe makes you want to view other notable photographic works, the International Center of Photography is only a few blocks away. The museum boasts constantly rotating exhibits that focus on either a single photographer or photographic style, and is worth many return visits. Recently, many upscale retailers have been taking advantage of the significant amount of buying power common for this area. The area on 86th Street now does a brisk tourist business on the weekends, as the well to do from miles around come here to make a contribution to the local economy. Because the 4, 5, and 6 subway line is the only one to service the whole of the Upper East Side, most people who want to visit here need to make a concerted effort to do so. While the tourist trade is quite brisk on the major thoroughfares, it is virtually nonexistent once you walk a few blocks deeper. This makes Carnegie Hill an ideal section for those people who value their privacy, but also like to be close to the many conveniences that New York has to offer. Yorkville Apartments The neighborhoods that make up the Upper East Side-Carnegie Hill, Yorkville, and the Lower Upper East Side-are synonymous with the wealthy residents that have made this section of Manhattan their home over the last century. Only Yorkville, however, can state that they have what is probably the most sought-after address in all of New York City. Despite its upscale appearance, part of this district had rather modest beginnings. With the construction of the Third Avenue elevated subway line near the turn of the century, the area became a second haven to many German immigrants who were being slowly displaced from their downtown residences. Once the trains went underground, the area became a great deal more isolated. Eventually, the German section of Yorkville began shrinking. Although most of those former residents have since moved on, there is still a thriving pocket of inhabitants who speak auf Deutsch to this day. One thing that the Germans have left behind for the rest of Manhattan to sample is their rich food heritage. Second Avenue between 84th and 86th Streets is still the heart of German cuisine. You can take your pick of sausages at Schaller and Weber, Black Forest Cake at Kramer's Pastries, or your choice of beers at Heidelberg. Perhaps the most famous German immigrant to live in Yorkville was Carl Schurz. After being a minister to Spain, a Union Army general, and Secretary of the Interior under President Rutherford Hayes, Schurz moved back to Yorkville, where he worked as an editor for the New York Evening Post and Harper's Weekly. East End Park was renamed Carl Schurz Park in 1911 in his honor. Speaking of His Honor, the most coveted address in New York City happens to be in Carl Shurz Park: Gracie Mansion. Home of New York City mayors since Fiorello LaGuardia first moved in during the Second World War, the property's significance actually goes back much farther. George Washington commandeered this swath of land from its owner, Jacob Walton, so that he could fortify it against the British. Ultimately, Washington didn't fortify it enough, as the British bombarded the spot from across the East River. Walton's house was one of the casualties. The Walton family subsequently sold the property to Archibald Gracie, a recent émigré from Scotland. Gracie built his famous mansion as a country home in 1799, only to sell it less than a quarter-century later. The City of New York acquired the property almost a hundred years later, and every mayor since LaGuardia has called it home while in office. If you'd rather not depend on the electorate to see its interior, the first floor is open to the general public. Although it isn't known if the Mayor participates, there is a strong athletic community in Yorkville. Whether your interests run from basketball to softball or football, it's likely that there's an organized team in the area that could use another player. If you prefer exercising alone, Central Park is about a ten-minute walk. Or a five-minute jog. Because of the successive waves of new inhabitants, the buildings in the neighborhood range from quaint townhouses to ultra-modern apartment complexes. Interior spaces also vary from the tiny to the cavernous. With all the different varieties offered, chances are there's a combination in this area that will fit your needs perfectly. Lower Upper East Side Apartments Ever since Central Park was first opened, the Lower Upper East Side has been one of the most coveted neighborhoods in which to live. It is notable for its palatial buildings facing the park, its stretch of Museum Mile, and some of the city's better private schools. Bill Gates not withstanding, it also comprises the highest concentration of wealth in the entire United States. A fitting spot to illustrate this density of riches is at the Grand Army Plaza in the very southeastern portion of Central Park. Here you'll find a miniature block devoted entirely to the Pulitzer Fountain, which was donated by noted publisher Joseph Pulitzer. Facing the fountain is a statue of William Tecumseh Sherman, the Civil War General made famous by his march through the South. On the west side of the fountain is the legendary Plaza Hotel. This historical landmark has appeared in a variety of films, from North by Northwest through Home Alone 2. Luminaries who have stayed here range from the Beatles to Eloise, the children's-book character whose portrait hangs on the first floor. The Presidential Suite simply defies description. The block east of the fountain contains the General Motors Building. Kids, however, will be more intrigued by what's housed on the first floor-F.A.O. Schwarz. If the toy is on the market, chances are you'll find it somewhere here. Be warned, however, that getting yourself to leave is a lot harder than going in! Follow Central Park north along Park Avenue and you'll soon arrive at Temple Emanu-El on 65th Street. The Temple can seat up to 2,500 people, making it the largest Reformed Jewish synagogue in the world. The limestone building is especially noted for its outside ornamentation, which combines both Art Deco and Moorish designs. Further up the Park Avenue lies the undisputed crown jewel of Museum Mile, the Metropolitan Museum of Art. The Western Hemisphere's largest museum boasts an amazing 1+ million square feet of exhibition space. Its constantly changing exhibits range from the present day all the way to prehistoric times. It is literally impossible to see all of the Met in one day, unless you plan on running through each room without stopping to look. One item you will want to see, however, is the Temple of Dendur. This gift of the Egyptian government dates back to Roman times, and is displayed in a room that could easily fit a house. For those looking for more modern accoutrements, Madison Avenue is highly recommended. The area between 59th and 79th Streets is now considered Manhattan's Fashion District. Here you'll find all sorts of tiny shops and unique boutiques filled with the latest runway trends. Of particular note is the beautiful Ralph Lauren store on 72nd Street. Although many families in this area prefer to send their children to private schools, the public schools in this district are also exemplary. P.S. 6, on Madison and 81st Street, is highly regarded for its art and computer curriculum. Despite the fact that their K through 5 students consistently score high on standardized tests, there is still plenty of room for parents looking to enroll their children. With doormen buildings facing Central Park, exceptional schools, and some of the best high-end shopping in the city, it really is no surprise that the Lower Upper East Side is one of the New York's most coveted spots.
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Midtown West Apartments To most New Yorkers, the word 'Midtown' is synonymous with 'Work.' And, in fact, a lot of people do commute here for business during the day. But Midtown, and especially Midtown West, is packed full with more universally-known buildings then any other district in Manhattan. Snuggled tightly in the bosom of Midtown West is the Theater District. Over 30 theaters make their home here, and the fare varies from long-running musicals to the latest highly-touted drama. No matter what kind of show you're looking to see, chances are you'll find it right by Broadway. A recent reentry into the theater scene is 42nd Street. The 'Avenue I'm Takin' You To' had fallen onto hard times in the late '80s, with the movie theaters there either vacant or showing films that weren't exactly kid-friendly. Now many buildings have been either rebuilt or entirely renovated. And since Disney has taken an express interest in the Street, many of the new theaters will focus exclusively on children. A mere block north of 42nd Street, where Seventh Avenue and Broadway intersect, is Times Square. This is where Manhattan is at its showiest. All around these blocks are massive billboards surrounded with tubes of neon in every imaginable color. It is here where hundreds of thousands of people gather every New Year's Eve to watch the ball drop. If you want to catch one of the hot shows but neglected to get tickets in advance, you should plan on stopping at Duffy Square. Directly opposite Times Square, this little sliver of concrete plays host to TKTS, a discount ticket outlet. Shows that find themselves with empty seats will drop their tickets here on the day of performance, many times at a pretty hefty discount. If you'd rather see a dance performance, a spot for discount tickets has opened up in nearby Bryant Park. While you're there, you might want to take a gander at this recently renovated marvel. Once the primary residence of drug pushers and the homeless, the park is now a favorite spot for midtowners to grab a quick bite in relative peace. Face east while in the park and you'll see the rear of the magnificent New York Public Library. If you think the back is impressive, then you should walk around to Fifth Avenue and see the front. You'll find two large stone lions guarding the wide steps that lead up to the great bronze doors. Inside the books are spread out over 85 miles of shelves-many of them housed underneath Bryant Park itself. On the west side of Fifth Avenue, between 48th and 51st Streets, are the buildings that comprise Rockefeller Plaza. Nineteen buildings make up the Plaza, almost all of which are connected by a series of underground passages. Also in the Plaza (at the corner of Sixth Avenue and 51st Street) is Radio City Music Hall, the world's largest indoor theater. Stroll west from Fifth down the lovely promenade known as Channel Gardens to the Plaza's centerpiece, the gold-leaf statue of Prometheus that overlooks the Lower Plaza area. The Lower Plaza is given over to cafes during the summer, but come the winter months it is transformed into an ice skating rink. Every year around the holidays a gigantic live Christmas tree is stationed between Prometheus and the looming GE Building behind it. Bustling with business people during the day, thriving with tourists and theatergoers at night, Midtown West is one area of Manhattan that barely pauses to rest. It is hard not to take in the lights and sounds here without feeling yourself infused with its energy. Clinton Apartments Many people have heard of the Artist Formerly Known as Prince. Now you can meet the Neighborhood Formerly Known as Hell's Kitchen. Actually, residents tend to use both terms interchangeably, but there are some good reasons that many people are taking the Clinton name to heart. For many years after the Civil War, Irish gangs such as the Westies made this stretch of waterfront their exclusive territory. Because of rampant police corruption, the often-violent crimes perpetrated in the district went largely ignored. Anyone who didn't have adequate protection and was foolish enough to walk through Hell's Kitchen at night was taking a potentially lethal risk. Eventually, however, the power and influence of the gangs who resided there waned. Unfortunately, the neighborhood didn't improve once the gangs had moved on. Never a pristine to begin with, the area descended into a veritable slum known primarily for its vast array of pornography shops. As is increasingly the story in Manhattan, this has only changed fairly recently. The Worldwide Plaza was the first sign that people were once again starting to see Hell's Kitchen into which they could invest money-voluntarily. Built on a former site of Madison Square Garden, this complex takes up an entire block. Aside from providing both commercial and residential spaces, the Plaza also has a restaurant and one of the only discount movie theaters on the island. A few blocks south of the Plaza is the famed stretch of eateries that make up New York's Restaurant Row. Because of its relative nearness to Times Square, this block is a favorite with pre- and post-theater crowd. With over twenty restaurants located here, if you can't find a cuisine that speaks to your stomach, you're probably not hungry. For those who would rather their theater a bit more on the intimate side, you might want to go directly from Restaurant Row to Theater Row. Located on 42nd Street between 9th and 10th Avenues, the theaters here are generally seat a lot less than their Great White Way counterparts. Then again, those seats will probably end up costing you a considerable amount less. One of the city's transportation hubs also makes it home in Clinton, the Port Authority Bus Terminal. Not only do buses come in and out of the all through the day and night, but there is also a parking garage on the top floors. So you can put the car away for the day, and experience the excellence of the transit system yourself! A destination frequently visited by business people is the colossal Jacob Javits Convention Center. The five-block Center boasts an amazing 1.8 million square feet of space that can be utilized by companies to display their latest products. Unsurprisingly, there is a convention (or two) occurring in the Center every week of the year. Because of the way the area has been randomly both preserved and developed, there is no particularly prevalent building style. If you're not certain whether you would prefer a high-rise or a brownstone, chances are you'll be able to find it in Clinton.
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NYC_Real_Estate_Glossary - New York City Real Estate Glossary
by dfuzpiae
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A Abstract of Title: A chronological overview of the recorded instruments and proceedings on the title of a property.
Agency: Relationship wherein an agent is employed by a principal to perform certain acts on the principle's behalf.
Air Rights: The right to build above or add square footage to a structure. These rights are determined by city zoning regulations or public need and can be sold to adjoining structures for a negotiated price between land owners.
Alcove: An L-shaped area off the main living space in an apartment. There are two types of alcoves, a sleeping alcove and a dining alcove. Sleeping alcoves are generally found in alcove studios, while dining alcoves are found in one or two-bedroom apartments and can be converted to an additional smaller bedroom.
Alcove studio: A 1 or 2 room apartment with a separate alcove which can be used as a sleeping or dining area. Alcoves usually adjoin the living room space of the apartment, are generally less than 100 square feet and can sometimes be walled off to create an additional bedroom.
Amortizated loan: A loan for which the principal and the interest are payable in monthly or other periodic installments over the term of the loan.
Appraisal: The process of determining the value of an apartment often against comparable apartments
Assessment: An additional charge imposed by a co-operative or condominium upon the apartment principle to be used for the improvements or upgrades made to the building. Assessments are levied according to the number of shares/ percentage of the common charges/owned paid by an apartment owner.
Assignment: The authorization to transfer a contract/ lease between party's and/ or the process of assigning one's primary lease to that of a second party until the end of the term.
Attended Elevator: A manually operated elevator that requires an attendant on a full time basis.
B Balcony: A platform that projects from the wall of a building and is usually surrounded by a type of railing.
Balloon Mortgage Payment: A large payment of a mortgage loan, larger than the regular required payment, often at the end of the loan term.
Brownstone (AkA Townhouse): 4-6 story buildings built in the 1800s to early 1900s. These can be single family houses or may have been converted over the years into multiple apartments. They are prized for their charm and elegance. In almost all cases these buildings do not have a doorman.
Building Amenities: The features that increase the attractiveness or value of a building or property. Some common building amenities are laundry facilities, doormen, garages, valet services, high speed Internet, etc.
Built: Refers to the actual exterior dimensions of a building on a lot.
C Cancellation Clause: Proviso in contract or lease that confers the right to terminate obligations upon occurrence of the condition or contingency set forth in clause.
Capital Gain: Tax term involved with selling or exchanging a capital asset.
Capital Improvement: An improvement performed on an apartment or piece of property for the purpose of increasing its value. Capital improvements can range from new sinks in an apartment to the remodeling of a building elevator.
Capital Loss: Amount by which the proceeds from the sale of a capital asset are less than the cost of acquiring it.
Caveat Emptor: Latin phrase for Let the buyer beware.
Certificate of Occupancy (C of O): A certified document that outlines the legal uses permitted to a piece of property. In NYC specifically, each building must possess this certificate as it may allow a building owner to utilize the property in ways not allowed by its zoning regulations.
Client: The employer of the Tungsten Properties agent.
Classic: The word "classic" is usually followed by a number indicating the number of rooms in an apartment. The term is usually associated with pre-war apartments that meet criteria for numbers of rooms and design. However, a "classic" can exist in a post-war building assuming it follows the same guidelines. As an example, a "classic six " is comprised of a living room, dining room, kitchen, 2 bedrooms and a maid's room. A "classic seven" is comprised of a living room, dining room, kitchen, three bedrooms and a maid's room.
Closing Date: Date on which the buyer takes ownership of the property.
Closing Statement: A detailed accounting of a real estate transaction showing all cash received, all charges and credits made, and all cash paid out in the transaction.
Cloud on the Title: Outstanding claim or encumbrance which, if valid, affects or impairs owner's title.
Combined Apartment: When two separate but adjacent apartments are connected to create one larger unit.
Common Area: A place within the building that is shared by all owners/ residents of the complex. Said area can be the lobby, a courtyard or common roof deck.
Comparables: Properties listed in an appraisal report that are similar to the subject property.
Complimentary Listing: A rental or sale listing distributed amongst the brokerage community from a brokerage firm on behalf of the owner. With this type of listing, the broker of the prospective purchaser or renter may collect a fee.
Concierge: A lobby-stationed staff member of an apartment complex who assists guests or residents as by handling the storage of packages, taking and delivering messages, announcing guests, etc. Conditional Sales Contract: Contract for sale of property which states that the contract can be cancelled unless conditions of the contract have been fulfilled. A contract is usually condition for only a defined period of time.
Condominium: An apartment or other unit, held in fee ownership, in which owners pay common charges for the maintenance of common areas.
Condop: A mixed use building subdivided into two or more condominium units, one of which is a co-operative.
Convertible or Junior Four: This is typically an apartment with an alcove adjacent to the living room that can be used to create another room by using this "flexible" space to "convert" the apartment from, for example, a 1 bedroom to a 2 bedroom.
Co-operative: An enterprise or organization that is owned or managed jointly by those who use its facilities or services. Those who purchase within a Coop are considered to be shareholders. While shareholders do not own the apartment, they do own a percentage of shares within the cooperative and are entitled to a long term "proprietary lease" The percentage of ownership is generally proportionate to the size of the apartment. Shareholders contribute a monthly maintenance fee to cover the amenities of the building. Heat, hot water, insurance, staff salaries, etc. are some of the expenses covered by maintenance fees.
Some advantages of coop ownership are: - All prospective purchasers are subject to an interview with the Board of Directors of said coop inwhich the Board determines whether he/she will be approved or denied.
- The quality of life and security within the building are supported.
- Portions of the monthly maintenance fees are tax deductible due to the building's underlying mortgage interest. Shareholders can deduct their portion of the building's real estate taxes.
Some of the disadvantages of coop ownership are: - A minimum down payment is required and set by the Board of Directors. The minimum is normally 20-25% in cash.
- Subleasing the unit can be difficult. Each coop has their own house rules that should be carefully reviewed by the prospective purchasers.An apartment or other unit owned by a corporation specifically formed to own the building or buildings which form the co-operatives. Unit residents, called tenant shareholders, own stock and a proprietary lease which confer upon them the exclusive use of the unit they have purchased.
Co-Operative: An enterprise or organization that is owned or managed jointly by those who use its facilities or services. Those who purchase within a Coop are considered to be shareholders. While shareholders do not own the apartment, they do own a percentage of shares within the cooperative and are entitled to a long term "proprietary lease" The percentage of ownership is generally proportionate to the size of the apartment. Shareholders contribute a monthly maintenance fee to cover the amenities of the building. Heat, hot water, insurance, staff salaries, etc. are some of the expenses covered by maintenance fees. Some of the disadvantages of coop ownership are: - A minimum down payment is required and set by the Board of Directors. The minimum is normally 20-25% in cash.
- Subleasing the unit can be difficult. Each coop has their own house rules that should be carefully reviewed by the prospective purchasers.
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Contact Person: This person is hired by the owner of a building for the purpose of showing the property and serving as a liaison between the prospective tenants and the landlord.
Contract Out: In a sale or rental transaction, a buyer/renter and a seller/owner must agree on a price/rent before the deal can be finalized. When all parties involved are in verbal accordance, the Lease or sales contract must be drawn and executed by the renter/purchaser. At this point, the property at hand is referred to as having the "contract out".
Conversion (1): The change in usage of a building. Usually illustrated when an older commercial space is converted into a residential space for the purpose of having the property flourish to its fullest potential. Owners may perform this change during volatile residential market times or if they are offered a tax incentive from the city of its location. (2): The change of a rental building to a Co-operative type of ownership. This usually occurs when an individual or a company serves as a sponsor during the process of the change.
Convertible: An apartment that has one technical size but the potential space to be expanded to a larger is size is considered convertible. A one or two bedroom apartment with an L-shaped dining area can be easily transformed by erecting a wall to separate the spaces, however the L-shaped area must contain a window in order to satisfy legal criteria of conversions.
Courtyard: The interior outdoor space within a building complex.
Courtyard View: This term is often used to describe an apartment that receives little sunlight and does not face the street.
D Debt Service: Annual monthly amount to be paid by debtor to repay borrowed money.
Developer: One who improves land with buildings, usually on a large scale, and sells to homeowners and/or investors.
Discount Points: An added loan fee charged by a lender to make the yield on a lower-than-market-value loan competitive with higher-interest loans.
Dual Sink/Vanity: Two separate sinks in the bathroom of an apartment, usually His and Hers.
Duplex: In Manhattan this refers to an apartment with 2 floors or levels and not to 2 apartment units.
E Egress: A way out.
EIK: An acronym used to describe an Eat In Kitchen facility.
Elevator buildings: A 6 story or more non-doorman building which may be pre-war or post-war. Elevator buildings usually have an intercom or video security system.
En Suite Bathroom: French term for 'together' used in real estate when referring to a bathroom that is adjoined with the bedroom. En suite bathrooms are common in master bedrooms.
Equity: Interest or value that an owner has in his or her property over and above any mortgage debts.
Escrow: Money placed into the custody of a third party for delivery to a grantee upon fulfillment of specified conditions.
Exclusive Agency Listing: Listing contract under which the owner appoints a real estate broker as his or her exclusive agent for a designated period of time to sell the property, on the owner's stated terms, for a commission. The owner reserves the right to sell without paying anyone a commission.
Exclusive Right to Sell: A listing contract under which the owner appoints a real estate broker as his or her exclusive agent for a designated period of time to sell the property, on the owner's stated terms, and agrees to pay the broker a commission when the property is sold, whether by the broker, the owner or another broker.
Executor: Person or corporate entity designated in a will to carry out its provisions.
F Facade: The face of a building that can consist of limestone, brownstone, cement, glass, granite or marble.
Fiduciary: Person who acts on behalf of another and transacts business or handles money regarding property not the persons own. The relationship is characterized by trust and confidence.
Financing Allowed: Each cooperative building allows prospective purchasers to finance a portion of the purchase price of a unit. Very often the percentage to be financed is between 70% and 80% of the sale price and is determined by the Board of Directors. However, more established buildings have lower finance rates or none at all.
Fixtures: Personal property attached to the land or improvements that become part of the real property.
Flip Tax/ Transfer Fee: A flip tax/transfer fee is a tax imposed by the cooperative on the sale of a unit within said building. This fee can be based on a percentage of the gross sale, net sale, gain, or the number of shares held by the shareholder or a fixed number determined by the Cooperative board. The flip tax can be paid by the purchaser, seller or shared by both parties. These fees are utilized by a building for the purpose of increasing its reserve fund.
Floating Rate: A type of rate offered by lending institutions in which the lender offers an interest rate, which fluctuates with the prevailing rates offered to said lender.
Foreclosure: A procedure whereby property pledged as security for a debt is sold to pay the debt in the event of default in payment or terms.
FSBO - For Sale By Owner
Full Service Building: This term is used to describe a building that employs a full time doorman and concierge.
G Grace Period: Additional time allowed to perform an act or make a payment before a default occurs.
Ground Lease: A lease of land only, on which the tenant usually owns a building or constructs a building as specified in the lease.
H Half-Bath: A bathroom without a bathtub or shower. A half-bath is also known as a powder room.
High Ceilings: Ceilings that are nine feet or above in height. Most pre-war and many of the newly constructed condominiums are notorious for their high ceilings.
Holdover Tenant: A tenant who remains in possession of the leased property after the expiration of the lease term, and the landlord, by continuing to accept rent, agrees to the tenant's continued occupancy.
I Involuntary Lien: A lien imposed against property without the consent of the owner, such as taxes and special assessments.
Interest Rate: The fee incurred by lending institution to mortgage holders for the service of borrowing money. Rates can vary and are set by the Federal Reserve Board.
In Contract: This term is used to illustrate the period of time in which the seller/owner and buyer/renter have agreed to the terms of a transaction and are in the process of signing contracts to close said deal.
J Junior One: An apartment with an alcove off of the living room has been converted into a bedroom or dining room.
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K Keyed Elevator: when an apartment occupies then entire floor of a building, a keyed elevator normally accompanies it. This elevator leaves you in the foyer of the apartment. This type of elevator is normally seen in loft spaces or high-end units.
L Lease Assignment: When a lessee/tenant must leave his/her apartment before the end of the lease term, but is still held responsible through the end of said term. The lessor/owner may allow the original tenant to reassign his/her lease to a new tenant.
Lease: A legal document, often prepared by an attorney, which outlines the responsibilities between the Landlord and Tenant.
Lessee: Tenant
Lessor: Landlord
Lien: Right given by law to certain creditors to have their debt paid out of the property of a defaulting debtor.
Listing: A contract between principal and agent, authorizing the agent to perform services for the principal within a given time, for which the principal agrees to pay a commission.
Litigation: The act of carrying on a lawsuit.
Loft apartments: Generally former commercial or industrial buildings that have been converted into apartments. These buildings rarely provide a doorman and usually consist of vast spaces with high ceilings. Many lofts are found in Greenwich Village, Soho, Tribeca, Chelsea or the Flatiron District.
Loft area: This is an additional space created in apartments with very high ceilings. The loft area is constructed above the living area, accessed via a staircase or ladder and used for extra storage, sleeping or living space (e.g. an office.)
Loft Space: Former commercial or industrial spaces converted into apartments. Most loft buildings are not serviced by a doorman.
Lot: Each New York city parcel of land is divided into lots for purpose of identification.
M Maisonette: A ground floor apartment with a separate street entrance from the rest of the building. This type of apartment usually has a second entrance inside the building's lobby, but still shares the same amenities as the rest of the building.
Maintenance: Monthly charges paid by an individual cooperative owner to the cooperative as their proportionate of expenses to the building. Maintenance consists of three components: The daily costs of daily building operations, the shareholders proportionate share of the building's underlying mortgage and local building real estate taxes.
Managing Agent: Most cooperative and condominium buildings will hire an independent company to manage the property. These firms are responsible for managing the daily maintenance, rent rolls, collection of rents, monthly or maintenance charges and enforcing overall building policies.
Market Value: The probable price a ready, willing, able, and informed buyer would pay and a ready, willing, able, and informed seller would accept, neither being under any pressure to act.
Marketable Title: A title which a court of equity considers to be so free from defect that it will enforce its acceptance by a purchaser.
Meeting of the Minds: Whenever all parties to a contract agree to the exact terms thereof.
Mortgage: When purchasing a property, a buyer will often obtain a loan from a lending institution to cover the larger percentage of the purchase price. The several main components of a mortgage are the interest rate (floating or fixed), the term of said mortgage and the amount that is being financed.
Mortgage Points: Some lending institutions will add points to an already existing mortgage as a preliminary cost of doing business. I.e. if a lender offers a mortgage rate at 2 points, the borrower will be paying 2% of the total mortgage up front.
Mortgage Commitment: A formal indication, by a lending institution that it will grant a mortgage loan on property, in a certain specified amount and on certain specified terms.
Mortgagee: A lender in a mortgage transaction.
Mortgagor: A borrower who conveys his or her property as security for a loan.
Murphy Bed: A bed that is attached to a wall and can be pulled down when needed. These beds are great space savers for smaller apartments and are barely noticeable when closed.
N Negative Pledge: A co-operative apartment loan given in a building whose Board of Directors does not permit financing. Instead of pledging the shares to the lending institution, which requires recognition of the lien in writing by the Co-op Board, the purchaser agrees not to pledge the shares for any other purpose, hence the name "negative pledge." Other collateral may be required for a loan of this nature.
Net Listing: A price below which an owner will not sell the property and a broker will not receive a commission. Net listings are illegal in New York State. The broker keeps any amount above the net price.
No Board Approval: This term is used to indicate that a prospective purchaser or renter is not subject to the scrutiny of a Board approval process when purchasing or renting a cooperative apartment.
O Offer and Acceptance: Two essential components of a valid contract; a meeting of the minds when all parties agree to the exact terms.
Offer Accepted: This term illustrates the point of a deal in which an owner accepts the business terms of an offer in relation to the purchase or rental of a unit. This can include the price, term or any contingencies the parties may agree upon.
On-site Broker or Contact Person: This refers to the person that is hired by the owner of a rental building that is physically facilitated at said premises for the purpose of showing vacancies, answering any questions and conducting the transactions essential to the rental of a unit.
Open House: In order to market and promote a property, the listing broker or owner of a property may hold an open house in order to get a larger number of interests in the premises over a shorter period of time.
Open Listing: A listing that is distributed throughout a brokerage community by an owner or building management firm that is not being compensated for on a co-broke basis. This type of listing may allow a broker to collect a larger fee than if the property were being marketed by a brokerage firm.
Option: An agreement to keep open for a set period of time an offer to sell or purchase property, usually for consideration.
Original Room Count: Refers mostly to pre-war buildings that were originally built to accommodate one or two apartments per floor that encompassed 10-16 rooms each. Over time the original apartments have been reduced in size to create a greater amount of smaller apartments. On the other hand, original room count can also refer to an individual apartment that has been altered from its original design such as a 1 bedroom converted to a two bedroom.
Owner Pays (OP): As an incentive to a prospective tenant or brokerage firm, the owner of building complex or an individual apartment may offer to pay the brokerage commission on the rental of an apartment.
P Parlor Floor: This refers to the second, and often grandest floor of a townhouse.
Performance Bond: A bond used to guarantee the specific completion of an endeavor in accordance with a contract.
Pet Policy: Each building has a standard pet policy. This can reflect a strict No Pet policy or some type of flexibility as to what pets are allowed within a building.
Points: Discount charges imposed by lenders to raise the yields on their loans. One point equals one percent of the amount of the loan.
Possession: This term to illustrate the actual occupancy of a unit by a new tenant or owner.
Post-war buildings: Buildings built between the late 1940s and the late 1970s. They are generally hi-rise and most have doormen.
Powder Room: A bathroom without a bathtub or shower. This is usually referred to as a half bath.
Power of Attorney: A written instrument duly signed and executed by an owner of property, which authorizes an agent to act on behalf of the owner to the extent indicated in the instrument.
Prepayment Clause: A clause in a mortgage which gives a mortgagor the privilege of paying the mortgage indebtedness before it becomes due.
Pre-war buildings: Buildings built before World War II. These buildings are usually ten to twenty stories tall and are sought after for their larger rooms, fireplaces, hardwood floors and higher ceilings. They may or may not provide a doorman.
Principal: The employer of an agent or broker; the broker's or agent's client.
Professional Space: Office space set aside in a residential complex for use to conduct businesses such as dental or medical practice.
Proprietary Lease: A written lease in a cooperative apartment building, held by the tenant/shareholder, giving the right to occupy a particular unit.
Prospectus: A printed statement disclosing all material aspects of a real estate project.
Purchase Money Mortgage: A note secured by a mortgage given by a buyer, as mortgagor, to a seller, as a mortgagee, as part of the purchase price of the real estate.
Q Quadruplex: An apartment that is spread out over four levels.
Quiet Enjoyment: The right of an owner or a person legally in possession to the permitted use of property without interference of possession.
R Racial Steering: The unlawful practice of influencing a person's housing choice based on his race.
Ready, Willing and Able Buyer: One who is prepared to buy property on the seller's terms and is ready to take positive steps to consummate the transaction
Real Property: Land, and generally whatever is erected upon it or affixed thereto.
Recessed Lighting: Lighting that is located above the ceiling and does not have This type of lighting provides a very clean and contemporary look to an apartment.
Recognition Agreement: The agreement between the co-operative building and the bank lending money for purchase of shares of stock in the co-operative.
Recording: The act of recording or entering in a book of public record instruments affecting the title to real property.
Redemption: The right of a mortgagor to redeem the property by paying a debt after the expiration date and before sale at foreclosure: the right of an owner to reclaim the owner's property after the sale for taxes.
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Red Herring: Preliminary offering plan for a cooperative or condominium project submitted to the attorney general and to tenants and subject to modification.
Rental Sublet: In the event that a tenant may need to leave his/her apartment for a short period of time, they may opt to assign their current Lease to another tenant. Most sublets are furnished and last anywhere from six months to a year.
Reserve Fund: Each cooperative and condominium maintains a reserve fund for the purpose of paying monthly expenses used for the overall maintenance of the building.
S Shares: Shares represent the portion of the building that is owned by the individual shareholder. Shares are determined by the size of the unit, the floor on which it is located.
Shortfall: This term is used to illustrate a situation in which the owner is unable to meet the operating expenses of a building. This is usually caused by a lack of sufficient building income.
Short Term: Many apartments are available on a short-term basis ranging from 1-6 months. Short-term rentals are typically furnished and offer the tenant a less expensive alternative to expensive hotel bills.
Service Level: Usually known as the lobby or level in which the front door service may be allocated.
Special Assessment: An assessment made against a property to pay for a general improvement by which the assessed property is supposed to be especially benefited.
Specific Performance: A legal action brought in a court of equity in special cases to compel a defendant to carry out the terms of an agreement or contract.
Sponsor: The developer or owner organizing and offering for sale a condominium or cooperative development.
Square Footage: Measurement used to determine the technical size of an apartment. Measurements are usually approximate unless they are that of a condominium unit. The measurements of condominium units are usually more accurate since the offer books, by law, have to reflect the actual size of said unit.
Statute of Frauds: State law which provides that certain instruments, such as deeds, real estate sales contracts, and certain leases must be in writing in order to be legally binding.
Statute of Limitations: Law pertaining to period of time within which certain actions must be brought to court, in New York, 6 years for contracts.
Studio: 1 or 2 rooms with combined living and sleeping areas.
Subletting: A leasing by a tenant to another for part of the lessee's remaining term.
Surrogate's Court (Probate Court): A court having jurisdiction over the proof of wills and the settling of estate.
T Tax Abatement: Tax break offered by the city as an incentive for development in a particular area.
Tax Deductibility: Each cooperative has an annual number that reflects the amount that each individual shareholder will be allowed to deduct off of his/her individual income tax. The number also reflects the shareholders proportionate share of the buildings underlying mortgage and the real estate taxes imposed for that year.
Term: The duration of time by which an apartment is leased to a tenant.
Terrace: A platform extending outdoors from the floor of a house or apartment building.
Time Is of the Essence: A phrase in a contract that requires the performance of a certain act within a stated period of time, terminating irrevocably on a certain date.
Title: Evidence that owner of land is in lawful possession thereof; evidence of ownership.
Title Search: An examination of the public records to determine the ownership and encumbrances affecting real property.
Townhouse: (AKA Brownstone): 4-6 story buildings built in the 1800s to early 1900s. These can be single family houses or may have been converted over the years into multiple apartments. They are prized for their charm and elegance. In almost all cases these buildings do not have a doorman.
Transfer Tax: A tax charged under certain conditions on the transfer of property. Both New York State and New York City impose transfer taxes.
U Unearned Increment: An increase in value of real estate due to no effort on the part of the owner; often due to increase in population.
Unsold Shares: Shares within a cooperative building that have not yet been sold to individual shareholders. These shares remain as assets of the cooperative sponsor. When a building is converted from a rental property to a cooperative, the remaining tenants who do not wish to purchase within the building pay the sponsor rent in order to stay in the cooperative. Their apartments are considered unsold shares.
Utilities Included: This refers to an apartment that includes gas and electric in the monthly rent.
W Walk-up buildings: Generally the least expensive type of housing in Manhattan and the quality can vary widely. Usually these are 4 to 5 story buildings with no doorman and no elevator. They were originally constructed as multi-family dwellings.
Walk through Kitchen: A kitchen with two means of egress.
Window Treatments: Shades or blinds put on a window.
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