Sunday, February 17, 2008

The El Dorado

The El Dorado Apartment Building:

The building: I love the El Dorado -- its art deco towers are like exclamation points over Central Park West -- and you can see them from almost every flight that takes off from La Guardia.

Pros and Cons:
>Noise: The El Dorado is situated on a relatively quiet stretch of Central Park West, several blocks away from both subway entrances and cross-town bus stops. And apartments are quiet as well -- those 1930s walls are effective!
>Transportation: Right near CPW bus stops and equi-distant between two subway stops. >Parks: Across the street from a winding entrance to Central Park, with the Reservoir and its jogging track esssentially outside your door.
>Ammenities: fireplaces; a gym with half-court basketball, a children's playroom and community room.
>Views: Terrific -- apartments overlooking the park offer views of the glistening reservoir, stretching south to Midtown. The El Dorado's highest apartments, in the two 30-story towers, offer views of the George Washington Bridge and Hudson River, the Upper East Side and New Jersey (nothing's perfect).

El Dorado - Famous Residents
>Entertainment: Moby (at least for now -- his apartment is again on the market after the board rejected the prior buyer)
>Business: John Rowe (Aetna CEO)
>Publishing: Sally Richardson (Publisher, St. Martin's Press)
>Finance: Peter Lamm (Fenway Partners)

El Dorado - Other Useful Information:
> Building has landmark status and certain large renovations may require approval by NY's Landmarks Preservation Commission.
>50% down required.

El Dorado - Co-Ops Currently for Sale:
>Despite its many apartments, the El Dorado has relatively low turnover, lending further support to apartment values. Only one apartment is now for sale -- a rambling two bedroom.

El Dorado - Experienced Brokers:
>When selling or buying at the El Dorado, try John Edwards or Lee Zimmerman of Corcoran (who currently have a $7.5 mm listing)
>Donna Olshan of Olshan Realty, recently sold a 3 BR apartment.
>Deanna Kory, Jennifer Taylor and Karen Kelley of Corcoran currently have a 2 BR listed at $3 mm in contract.
>Basil Ashmore recently sold a 2 BR with terrace listed at $4.1 mm.

El Dorado -- In Books and Culture:
>Want some historical insight? Interested in tracking down something out of print? Check out this book.

2 comments:

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Brazil property said...

El Dorade apartments looks great for living. The views from apartments will be fantastic. All other facilities and amenities are perfect including near parks, gym, play room for kids, community rooms. What is the nearest medical facility?
Some other property markets are also building nice apartment building with same like amenities to attract clients from all over the world. Brazil property is one of them having great attraction for tourists, retirees.