30 Lincoln Plaza

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30 West 63rd Street, New York City, NY

30 Lincoln Plaza
30lincolncover.jpg

30 Lincoln Plaza
Building Information
Developer Milstein Properties
Architect Horace Ginsbern & Associates
Management Company Milford Management
Number of Units 609
Number of Floors 33
Year Built 1980
Construction Method Concrete
Type of Roof Tar and Gravel
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30 West 63rd Street, New York, NY
Distance to Public Transit two blocks
Region New York City
Municipality New York City
Zoning R8
Title of Land Cooperative


Contents

Background

The wavy facade to maximizes natural light entering more suites

Built in 1980, this luxury condominium building has 609 units. This massive complex has spent most of its life as rental building. It wasn't until 2011 that the rental apartments were sold off as condominiums.

30 Lincoln Plaza is located at a coveted address which has kept the value of the condominiums quite high. Being just a block away from Central Park and in a desirable neighborhood has kept 30 Lincoln Plaza in high demand.

With none of the listings falling below $1.5 million, it's safe to assume this complex attracts an elite group of professionals. [1]


Location

We've all heard it before, location, location, location. In New York City this holds especially true. 30 Lincoln Plaza is located on Broadway, four blocks from Columbus Circle, and two blocks away from Lincoln Center. More importantly, it is just a block away from Central Park.

This offers residents the best of both worlds when it comes to living the New York City lifestyle. 30 Lincoln plaza is as close to entertainment and fine dining as it is to to Central Park. The only downside to this location is that it doesn't come cheap. Those that live at 30 Lincoln Plaza certainly pay a premium to do so.

Construction

The newly retrofitted lobby at 30 Lincoln Plaza

30 Lincoln Plaza was the second of a two building development meant to serve as a means to bring urban renewal to the area. To all accounts, this experiment worked since the community has flourished and has sent real estate prices through the roof.

This monstrous structure has a steel skeleton wrapped with a facade of brick. Its defining feature apart from its size are its six rounded piers with bay windows. During the construction of 30 Lincoln Plaza developers also built a plaza that the building derives its name from. Surprisingly, this plaza provides a quiet oasis in an otherwise busy neighborhood.

In 2011, 30 Lincoln Plaza reverted to condominiums which brought a number of upgrades to the units and the building's amenities.

Layout and Features

Units at 30 Lincoln Plaza start at 593 square feet. However, if that's just not enough floor space they do offer to custom build a residence for you to a maximum of 17,000 square feet.

Unfortunately, no one has taken them up on this offer just yet. Most units are a little smaller ranging in size from one to four bedrooms measuring 1,000 to 3,000 square feet.

All of these units were modernized in 2011 and feature double pane windows, renovated bathrooms and new facets and appliances. [2]

Floor Plans

Units at 30 Lincoln Plaza come in one to four bedroom configurations located below. 30 Lincoln Plaza is also open to the customization of its units up until 17,000 square feet in size.

Amenities

Part of the renovations that occurred to make 30 Lincoln Plaza into a condominium complex included a complete overhaul of its amenities.

Other amenities include a children's playroom, garden, storage room and 24 hour concierge. [3]

Bylaws

30 Lincoln Plaza Bylaws
Rentals Yes
Pets Yes
Age No
Barbecues Yes



  • Pets are welcome at 30 Lincoln Plaza
  • 30 Lincoln Plaza doesn't impose any restrictions on the renting of its units
  • There are no age restrictions on the purchase or rental of property at 30 Lincoln Plaza
  • Barbecues are permitted at 30 Lincoln Plaza

Sustainability

30 Lincoln Plaza was built before the popular concept of sustainable development. However during its renovation in 2011, a number of sustainable features were installed including low flow toilets and facets and energy efficient lighting.

Residents can take advantage of the building's central location to walk or use public transit to take care of their errands. New York City also has an extensive recycling program and encourages all New Yorkers to take part. [4]

Trivia

Howard Milstein, CEO for the Milstein Group faced allegations of conducting a fire sale in order to sell more units

In 2009 a lawsuit was filed on the behalf of a number of condominium owners in 30 Lincoln Plaza. Prior to its conversion into condominiums, developers offered current tenants the ability to purchase their units at a reduced cost prior to listing them. According to the plan, the developer was required to sell at least 87 units in the building before December 17, 2008 in order for the plan to be declared effective.

To facilitate that, the developer's selling agent approached various brokers in September 2008 and asked them to find buyers at vastly reduced prices, the suit says. The suit charges that the developer was conducting a fire sale of units in the building in order to declare the plan effective. By October, a number of apartments had been sold for prices 45 and 60 percent below the prices listed in the plan, according to court documents. The suit would later be dismissed. [5]

At 609 units, 30 Lincoln Plaza is one of the largest condominium developments in New York City.


References

  1. City Reality
  2. Douglas Elliman Real Estate
  3. New Construction Manhattan
  4. New York City Department of Sanitation
  5. The Real Deal


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