The New York Times recently ran a story that is probably something real estate investors are very happy about. The price for real estate in New York is continuing to climb higher. The hot real estate areas are next to Central Park, Manhattan, and Brooklyn. Old records were shattered and new records were set in sales. Real estate professionals agree that this was a record year for real estate sales in New York. Even Brooklyn sales were off the charts. Now, the area is a highly sought after address for a business and a residence.
Real Estate Future Looks Bright
Indeed, the market for real estate is booming in New York City aparments for sale. Furthermore, the search for luxury property is also on the rise. The fact is that the wealth is out there to buy those high rise penthouses or luxury commercial buildings. The good news is that the inventory is out there to satisfy those eager buyers. Sales are all over the place. However, there was significant growth with condominium sales. A lot of the buyers were also foreigners. For example, China is one country that has an eye on a lot of the real estate in New York City’s finest luxury condominiums and other properties.
About Town Residential
How do you find the best luxury properties in New York City. Well, the obvious choice is to work with Town Residential. They are one of the leading Luxury Real Estate Firms in the city. The firm was started back in 2010 by CEO and founder Andrew Heiberger. The firm is co-chaired by Joseph Sitt.
They have risen to the top of the real estate market and attracted numerous clients looking for high end properties. Their knowledge and grasp of what the client wants has made them stand out in the real estate market.
The Internet has undoubtedly changed the world. And the world of men’s fashion is no exception. It is no secret that men have not made a past time of traditional brick-and-mortar shopping like their female counterparts. But, thanks to online consumerism, men’s fashion is experiencing a renaissance. Two individuals in particular were tired of the traditional retail experience. Benjamin Earley and Evan Fript first met in college and, upon realizing how few options men have in terms of luxury footwear and how very expensive those few options are, decided to venture into making and selling the world’s most stylish, comfortable, and affordable men’s shoes.
They say fashion comes at a price. But that price is now a bit more manageable and looking good more accessible thanks to Benjamin and Evan. They founded their Paul Evans brand of men’s leather italian shoes in 2012 and launched the Paul Evans NY e-commerce site in August 2013. During their journey, Benjamin and Evan were led to a factory in Naples, Italy where shoe making is a generations-old tradition. At first, they offered three different styles of men’s oxfords, soon expanding, in 2014, to include penny loafers, Martin whole-cut oxfords, and suede tassel loafers. In 2015, they began offering 16 different styles of men’s shoes and expanded their line to include men’s leather belts and briefcases as well.
The real estate market in New York is running very strong at the moment especially in Manhattan and Brooklyn. Contracts for Manhattan luxury properties have been signed quite frequently as of late. September of 2015 was a fantastic month for real estate in Manhattan. Olshan Realty saw 70 contracts for extravagant $4 million dollar apartments, with some even costing more. This is the best the realty market has seen for high-end living in approximately 9 years. The realty companies must be ecstatic. Other properties in Manhattan have done very well. Statistics and analysis point to terms such as absorption in other areas of Manhattan like Midtown and Midtown East.
Brooklyn, another one of New York City’s safer and more popular burrows, has been cited in the real estate analysis provided by The Real Deal which can be reviewed and interpreted here. September appeared to be a busy and big money month in Brooklyn according to the Real Deal’s real estate analysis report. Brooklyn appears to being doing well as also. There was a $1.7 multifamily dollar volume in September. It’s important to realize Brooklyn, along with Manhattan are well-off burrows of New York City, and they are beginning to expand. Some of the data on the the Real Deal market reports for the recent months in 2015 can be a bit difficult to understand without some assistance though.
Town Residential has several experienced team on NYC apartments for sale member ready, willing and able to sit down with an prospective investor or buyer and explain what absorption means in real estate jargon, and the team members of Town Residential will also be able to explain how absorption, market expansion, supply and demand and other factors can influence a buy or renters short and long term investments in pricey, upscale New York City properties. It is important to know these things when committing to such a huge purchase or decision to rent. Brooklyn and Manhattan are lovely, and they are getting lovely.
The firm of Town Residential has a principal their customers would love to know. They are full of empathy, long-time New York residents, home-owners and renters, and they want to make the clients of Town Residential as happy and comfortable as they possibly can.