Often when buyers start looking for White Plains NY condos for sale, they find themselves drawn to older complexes with old-world charm. Westchester coops comprise the largest share of pre-war buildings and many high-end Westchester coops end up being on the short list of buyers for White Plains NY condos. The Broadlawn of White Plains is just such a complex.
Located in the heart of downtown White Plains NY – the Broadlawn is one of the most desirable cooperatives in White Plains. Located at 20 North Broadway – the Broadlawn is centrally located within a block of the White Plains City Center, and Trump Tower. you can easily leave the car behind and walk to shopping, fine dining, entertainment and the train. With the likes of New York transplants such as BLT Steakhouse and Via Quadronno and Level 42 at the Ritz Carlton just a short stroll away, the lifestyle at the Broadlawn has a distinctly urban upscale feel. The White Plains Performing Arts Center is also just a short walk away. As for shopping the Westchester mall as well as the City Center mall along with major supermarkets including Whole Foods are all a comfortable walk away.
The location, tucked away on North Broadway across from Tibbets Park makes it an oasis of peace and quiet. It’s a world apart from the hubub despite being a mere block away from the very center of town. The complex consists of garden style units surrounded by formal gardens that including Pergola and barbecue area. Built in 1928, the Broadlawn is know for its Old-World charm and architectural details. Most of the units at the Broadlawn have two bedrooms. Many include such wonderful amenities as fireplaces and balconies overlooking the formal gardens. Ground floor units often have private patios. Many units are duplexes. The ground floor units tend to be simplexes with patios while the upper floor units are generally duplexes.
*** For a new listing – 2BR/1BA at the Broadlawn – 20 N Broadway #C313 – White Plains NY – Click Here!***
The Broadlawn – White Plains – Sales History – 2006- Dec 2009*:
Coming down from their highs in 2007, where $390k for a renovated 2 BR unit was considered a reasonable price, prices at the Broadlawn have moderated. The following chart reflects the sales history of 2 BR units since 2006 and is based on median price. The choice of median rather than average was based on the fact that some units had undergone extensive renovations while others hadn’t. This created gyrations in pricing that didn’t truly reflect the market. Fully renovated units were selling just shy of $400k during the height of the boom – while those in need of TLC were selling for significantly less. There were not enough sales of 1 BR units to make an analysis of 1 BR or studio units practical. It is obvious that price points have moved down considerably off their highs. Currently, the median price is down a little over 9% off the high point in the latter half of 2006. Other variables include location within the complex and whether or not the unit has any outdoor space or a fireplace. There were no sales from July to December, so the stats stopped with Jan-Jun 2009 figures. 
* Note that all data was derived from the statistics available through the Westchester-Putnam MLS.
Update on sales prices and listing prices for Q1 2010:
Since there have been very few actual sales at the Broadlawn this past year, I will delay updating the graphing until the end of June. However, the one recorded sale of a 2 BR unit since the beginning of the year was at $260,000 for a unit that was not renovated. Although this indicates a marked price decline from the previous year, it should be noted that there was always a major pricing difference between units that had undergone renovations and those which have not. Asking prices are certainly down from the previous year. The range in price for 2 BR units is from $195,000-$389,000. The median asking price (which does not reflect an actual sales price) is $329,000 – which also indicates the reality of the market by pricing in a significant decline. Further, given the fact that there have been relatively few sales at the Broadlawn, the presence of six 2 BR units on the market represents a significant inventory. This is an opportunity for buyers. But sellers need to price their units accordingly or they will linger on the market.
Walkable neighborhood is rated a “Walkers Paradise”
Rated a “walkers paradise,” with a score of 97 out of a possible 100, the Broadlawn is in a prime location in downtown White Plains. As can be seen by the walkscore tile, this is a tremendous advantage for those looking to leave the car behind. By clicking on the walkscore tile you can see just how much is close at hand. Whether you are shopping for White Plains NY condos or White Plains or Westchester coops, very few complexes can beat this location and at the lower price point that this luxury cooperative offers. This is truly one of the most walkable areas of the city. No need to worry about parking or gasoline, just walk out the door and you are there. Please excuse the random code – I haven’t found away to get rid of it without losing the tile. #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}
© 2009 – Ruthmarie Garcia Hicks – http://thewestchesterview.com – all rights reserved.
