On the market

Fancy a drink? It’s 5:00 in Apt. 21.

Interested in a new home? We now have two apartments for you to consider, both with plenty of natural light.

 

     The newest on offer is No. 21, a two-bedroom corner apartment with lots of floor-to-ceiling windows, thick walls, and a newly renovated kitchen. The home has two walls removed, giving it a modern look in our century-old building.

 

      Another beautiful home is No. 24, a south-facing, Flex 3-bedroom with a renovated eat-in-kitchen featuring natural light,  sleek wood-style cabinetry, and new stainless steel GE amenities including the stove, refrigerator and dishwasher. There’s also a white Cesar stone countertop with backsplash and a stainless sink, with gooseneck spray.

 

     The den/office could double as a child's room or guest bedroom. It includes a closet and doors that open into the 15 foot living room.

 

     A bedroom wing is nicely removed from the entertaining space, and each bedroom offers handsome proportions. An elegant mosaic marble tile bathroom features Hansgrohe fixtures and a luxurious soaking tub. A Robern medicine cabinet finishes off the sleek look.

 

    The Pinehurst is a pre-war classic co-op built in 1907, with a live-in super, landscaped common outdoor spaces, storage cages, bike storage, a new gym, and the cleanest, brightest laundry room in the neighborhood. The building is immaculate and has a newly renovated elevator, a new boiler, new windows.

 

     Hudson Heights is filled with awe-inspiring nature, miles of paths for biking, walking, and jogging paths, and is home to Fort Tryon Park and the Cloisters, the Italian Renaissance structures maintained by the Metropolitan Museum of Art.

 

      If a creative living space isn’t enough, keep in mind that the  Pinehurst features a fitness room and storage space downstairs. On top of that, the A Train station is at the end of the block—you don’t even have to cross the street to catch the express. Make this your home and you’ll have all these advantages. Educated buyers are just beginning to recognize the exceptional value and spacious layouts available in Hudson Heights. Don't miss the opportunity to own, enjoy, and entertain in a stunning apartment of your own.

 

     Come visit to get familiar with the neighborhood. Competition among buyers in Uptown is fiercer than in the rest of Manhattan as demand only increases for co-ops and condos from Lower WaHi to Inwood. If you’d like us to let you know when another apartment comes up for sale in The Pinehurst, send us an email.

 

     Don’t delay: With all the demand, there isn’t enough Uptown housing, and the number of new apartments grew at the second-lowest rate in Manhattan. (Download the study, at the end of this paragraph.) Only 644 new housing units were added, with the help of Inwood activists who have successfully fought against new apartment developments. That’s good news for sellers, and if you’re one, remember that we can put a link to your listing on this page. Scroll down to fill out the form.

Net Change in Housing Units 2010–2020
NYC Department of Housing
info-brief-net-change-housing-units-2010[...]
Adobe Acrobat document [3.4 MB]

     And with the Covid rebound, the median selling price of a WaHi home in October 2021 increased 4 percent over the median in October 2020. So if you haven’t visited Hudson Heights, don’t wait to figure out which New York neighborhood is right for you. Here’s some information about ours.

 

     People looking for their home to be in a welcoming spot often find our neighborhood to be the kind of place people don’t want to leave. While the pandemic year saw an exodus of urban residents across the country, Hudson Heights and Fort George, the neighborhood across Broadway, saw the smallest net loss of residents in Manhattan. Only 11 in 1,000 residents,, or 1,626 people, decamped in 2020.

 

     By comparison, Inwood and Lower WaHi lost 15 per 1,000 residents, and Sherman Creek and Upper Fort George lost 19 per 1,000. The spots with the biggest population decreases were Midtown, Lower Manhattan, and Northern Brooklyn. Read the details here, which is backed up by data from the city comptroller’s office showing the the wealthiest neighborhood saw the greatest losses.

 

      That’s one reason demand for apartments here remains hight, with the finite number of co-ops essentially unchanged. By contrast, about a quarter of condo apartments built since 2013 remained on the market in 2019, and the number of condos being offered for rent, once unheard-of, is more than 4,600. Condos in WaHi have about 37 percent vacancy, which is tiny compared to the Lower East Side: 68 percent vacant.

 

     Maybe you still need a few reasons to explore our neighborhood. The New York Times found some when it mentioned Hudson Heights as a place to find a great apartment, and wrote up the neighborhood too. Here’s a slide show from The Times that highlights neighborhood views.

The Pinehurst stays warm in winter with steam heat.

     Why buy in The Pinehurst? For one thing, our high rate of live-in owners means that the building is maintained and improved by its residents, the people who live in it every day.

 

     For another, the Furman Center for Real Estate and Urban Policy at New York University reports that real estate value in Washington Heights surpassed the city average after the recessions of 1980-89 and 1996–2006. Only seven other neighborhoods in the five boroughs can make that claim, and not all increased as much as WaHi: up 30 percent in the five years ending September 2017, beating the average increase in Manhattan by 1.5 percentage points. In the decade ending in 2006, prices here jumped 333 percent, and in the eighties by 241 percent. (Yes, really!)

 

     If you’re a renter now, you may save by owning your home instead of paying rent. Use this rent-or-own calculator to find out. And when you own, you get another beneft: he portion of owners’ maintenance fees that was tax deductible in 2019 was 53 percent; contact your financial adviser for details.

 

    Compared to other neighborhoods in Manhattan, our maintenance fees are below average to boot. So if you’re looking for a property that will return value, skip the Village, the Upper West Side and Murray Hill. Visit an open house at The Pinehurst and make your investment now.

 

     A home is more than an investment of money, of course. It’s also an investment in life, a place where you’ll know your neighbors and they’ll know you.

 

    We nurture a sense of community with parties in the lobby and trick-or-treating for the children at Halloween. Our garden is nurtured by residents’ green thumbs. With more than three dozen apartments, storage space and a fitness center, we’re a popular destination for apartment buyers in Hudson Heights.

Manhattan Maintenance Fees

A neighborhood comparison

Our survey of co-op maintenance fees in 2017 compares the averages to fees charges in three previous years, going back to 2006.

Manhattan Maintenance Fees 2017
A review of co-cop maintenance fees paid by neighborhood, with average and median fees, and comparisons to three previous years.
Manhattan Maint 2017.pdf
Adobe Acrobat document [97.9 KB]
The source data for the 2017 prices.
Maint 2017.pdf
Adobe Acrobat document [123.3 KB]

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Contact Us Today

Board of Directors

447 Ft. Washington Owners’ Corp.
447 Ft. Washington Ave, Apt. 68
New York, NY 10033
(212) 896-8600
board@thepinehurst.org

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The Pinehurst © 447 Fort Washington Owners’ Corporation • New York 10033 Co-Operative Apartments in Hudson Heights • 447 Ft. Washington Avenue