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1965 Broadway
New York, NY 10023
Alexander Bogod with Broadway Realty, original listing -
$11,950,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 1
Property Type
Conventional
Square ft
4318 Square Feet
Property Description
Experience luxury living in this meticulously renovated 5-bedroom, 4.5-bathroom residence in the prestigious Grand Millennium condominium. This expansive 4,300-square-foot home on the 26th floor offers stunning, unobstructed views of the city, Hudson River, New York skyline, and Lincoln Center. Designed for both privacy and entertaining, the home features a dramatic entry gallery, a spacious great room with a dining area, and a media room/office with custom built-ins. The large eat-in kitchen is equipped with top-of-the-line Miele appliances, a SubZero refrigerator, wine cooler, and a built-in coffee machine. The primary suite includes a double bedroom, a sunlit dressing room, and a luxurious marble bath with heated floors, a steam shower, and an oversized soaking tub. Each of the three additional bedrooms has its own en-suite bath and custom closets. Additional highlights include a flexible windowed room for an office or gym, a well-equipped laundry room with side-by-side washer and dryer, and southern, eastern, and northern exposures. The residence boasts custom oak parquet floors, soundproofing throughout, and automated lighting, sound, and shade controls. The Grand Millennium, built in 1996, is a full-service, pet-friendly building with 24-hour concierge service, a live-in resident manager, and convenient amenities. Located in Lincoln Square, residents are close to Central Park, Lincoln Center, and the city's best shopping and dining options, with easy access to public transportation.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Condominium
Year Built
--
MLS Number
--
Location
Address
1965 Broadway
City
NEW YORK
State
NY
Zip Code
10023
County
NEW YORK (LOWER MANHATTAN)
Listing
Name
Phone
(212) 577-2270
Office Name
Office Phone
Agent Name
Alexander Bogod
Agency Phone

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.