Jefferson Place White Plains NY | The Westchester View

Jefferson Place – White Plains

As White Plains NY condos go, Jefferson Place offers a great deal in the way of amenities for the money. The Residences of Jefferson Place is a condominium complex with a split personality. The complex spans on square block between Livingston Ave. and Rutherford Ave. in White Plains, NY with units on 300 Mamaroneck Ave. and 31 Greenridge Ave. Jefferson Place is located a scant half -mile from Trump Tower, the Ritz Carlton and the White Plains City Center. The city side – facing Mamaroneck Ave. is an eight-story urban mid-rise with a sophisticated brick façade. The façade reflects the growing urbanization of the city and is just steps away from all the shopping and dining that downtown White Plains has to offer. The suburban side of the complex on Greenridge Ave. gives a bow to the Highlands community where it resides. The units on Greenridge are three story walkup condos that have an outer façade resembling three story townhouses. The low-rise portion surrounds tree-lined streets, single family homes and other low-rise condo complexes.

Just across the street from the Mamaroneck Ave. side there is plenty of dining and take-out, including Iannelli’s – a local favorite. The Westchester Mall, Whole Foods and the Cheesecake factory are an easy walk. The Ritz Carlton, Trump and City Center Mall are 10 minutes away by foot – so its easy to leave the car behind. Built in 2005, Jefferson Place a offers convenience, luxury and perks at a lower price than can be had at the Ritz Carlton or Trump Among other things, Jefferson Place offers on-site parking laundry in each unit, central air conditioning, a 24-hour concierge, a workout room with state-of-the-art equipment, a media and business center, a children’s play area and a lounge area with wet bar and billiards. The units are well appointed with granite countertops, and new appliances and luxury baths. Luxurious master suites include walk-in closets and master bath suite. The living areas sport hard-wood floors and an open floor plan.

Jefferson Place – White Plains – Sales History – 2006-2009*

The chart below follows the average sales price of 1 BR and 2 BR units at the 300 Mamaroneck Ave. midrise portion of Jefferson place from 2006-2009. For 1 BR units the average sales price peaked in 2007 for about $400,000 and is now down nearly 15% at $341,000. 2 BR units have lost more ground dropping 20% from their height in early 2008 from $575,000 to $459,000. Actual pricing depends on many variables including square footage, view and location in the building. Upper floors traditionally selling for more. * All data was derived from the Westchester Putnam MLS.

Update on Sales Prices & Listing Prices for Q1 2010:

There was only 1 sale at 300 Mamaroneck Ave for Q1 and that was a 2 BR unit for $452,500. This one sale represents a stable market from the previous quarter. But the good news ends there for sellers. With only 1 sale and three contracts, the sales volume is low when compared to the 15 units that are available at #300. Add that to the two additional units active at 31 Greenridge and you have a strong buyer’s market. That pressure is showing in current asking prices. The Median asking price for a 1 BR at #300 Mamaroneck Ave is $350,000 – down signifcantly from asking prices of the previous year. The median asking price for a 2BR unit is $454,500. which is just $2k above the last recorded sale. It indicates that the market for 2 BR units has gone down another leg and that something similar is probably afoot with respect to 1 BR units. This market represents a fine buying opportunity. Sellers should take heart because they can indeed sell their units. My own track record selling in this complex speaks to that ability. When the unit was marketed heavily and properly presented (staged so that buyers could “see” themselves in the unit) my median number of days to contract is at 59 days.

Jefferson Place is Rated a “Walker’s Paradise:”

Real estate is always location, location, location. And among White Plains NY condos for sale Jefferson Place is in an ideal location. Though not in the middle of the downtown is a scant half mile from the center of things. But just because it is a few blocks from City Center doesn’t meant that there isn’t ample shopping and fine dining nearby. It receives a walk scor of 89 – which is a mere one point below being a “walker’s paradise.” #ws-walkscore-tile{position:relative;text-align:left}#ws-walkscore-tile *{float:none;}#ws-footer a,#ws-footer a:link{font:11px Verdana,Arial,Helvetica,sans-serif;margin-right:6px;white-space:nowrap;padding:0;color:#000;font-weight:bold;text-decoration:none}#ws-footer a:hover{color:#777;text-decoration:none}#ws-footer a:active{color:#b14900}

For some further photos of Jefferson Place – Here are some posts about individual listings:

These are not currently active – but give potential buyers a good feel for the complex.

Westchester View