New York City Real Estate Luxury Market Improves

According to the article on Luxury Daily, the NYC apartments for rent market is making drastic improvements, thanks in part to the facilities found on the Town website. In fact, the growth from the third quarter of 2015 has rivaled any growth and projections from the past seven years. According to a report released from Street Easy, one out of every five homes in Manhattan is considered to be a luxury. The asking prices are high and the market is attractive for not only the locals but also the internationals that come here in search of jobs. Both Manhattan and Brooklyn are projected to continue to increase their growth throughout the end of this year and into 2016.

As far as rent prices are concerned, they are at an all-time high. With the average one bedroom unit renting for $3,339 a month, the 10.7 percent increase shows that landlords can make a killing by having a couple rental units in the city of Manhattan. In Brooklyn, the rise for median rental rates was only up about 1.5 percent. Those who want to rent or buy in Manhattan will find that the inflated costs make it higher than it’s ever been. This weighs heavily on the affordability factor for the area. However, those who are just looking to the area for its posh amenities will be pleasantly surprised.

It’s no wonder that the rich and famous like to keep a penthouse suite here in the Big Apple. Though finding the right place takes having the right team working with you. The average home sales price in Manhattan is nearly one million dollars at $928,000. With that being the average, the prices just go up from there. Still, no matter what price range you are looking in, you want someone who can help you along the journey.

Town Real Estate is one of the few firms in town that have ample agents and experience on their side. With a vast knowledge of the downtown area and all the boroughs, this is one team that works hard to ensure that all of their clients are happy. They handle both the upscale rentals and homes for sale. So anyone who is relocating to the area can take advantage of all their relocation services. Since they work with so many people who are not from the area, they know how to utilize all the cities services for those who need the help.

Town Real Estate has been in business since 2010. Under the executive leadership of Andrew Hemberger, Wendy Maitland, Itzy Garay, and Joseph Sitt. They have four office buildings located all over the city that makes getting to their office with ease. With ample listings for both rentals and purchases, they are the firm to call first.

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