When a person is looking for a place to buy or rent in the New York City area, he or she will be presented with a variety of options. Condominiums continue to be a popular choice for a number of reasons.
Buying real estate in or around the New York City area is an expensive endeavor. While some people are excited about the prospects of buying a single family home, others realize that a condominium would be best for them.
If you have spent any time in New York City, especially as a resident, you are well aware that there are many condominiums throughout the area. While some of these buildings were constructed as condos, others were converted somewhere along the way.
Extell Development Company is one of the largest developers in the New York City area, having been involved in many deals and developments since being founded in 1989.
There are condominiums for sale all over the New York area. Some people purchase this type of property to live in full or part-time. Others make a purchase as they realize it will be a nice addiction to their investment portfolio.
Many people in and around the New York City area are interested in purchasing or renting a condominium. While many of these are priced too high for the average buyer or renter, some are much more affordable.
When it comes to condominium sales in and around the Big Apple, some buildings sell out faster than others. A little more than two weeks after units were first made available for purchase, roughly 40 percent of the 104 condos in Brooklyn's tallest tower, located at 388 Bridge St., have been sold.
More than 30 years ago, the Sony Building, located at 550 Madison. Ave., was constructed. Since that time, two companies, AT&T and Sony, have made it their New York home.
When it comes to real estate in New York City, condominiums are always popular. This holds true regardless of the market, as buyers realize that living in a condo in the Big Apple provides many advantages over other types of properties.
New York is well known for its high real estate prices, from residential properties to commercial properties among other types.