In major cities like New York, luxury apartments are available for rent or purchase, from major relators like Town Real Estate. While these luxury units remain popular, the individuals who are buying or renting these apartments have changed and are now moving towards a younger and more tech savvy group. As a result, the desires and demands of these luxury real estate are quite different from the traditional buyers and renters of these units.
NYC apartments for rent or purchase are considered luxury when they are above a financial threshold that is based on various housing statistics. While the definition of what is considered to be luxury will fluctuate, many consider units above $1 million to be luxury apartments. In the high priced Manhattan real estate market, a true luxury apartment is often considered to be over $5 million for purchase.
Most luxury NYC apartments are located in Manhattan or in the enclaves of Brooklyn and Queens such as Williamsburg and Long Island City which are just outside of the Manhattan border and are easily accessible on the subway line. This is the major item of concern for those who are looking for luxury NYC apartments for rent and purchase; convenience and location.
Younger tech buyers are also interested in many of those amenities that make living in the city more enjoyable. On-site gyms, restaurants, and other social conveniences are all examples of great amenities that luxury NYC buyers and renters are looking for.
For individuals who are looking for NYC apartments for rent or purchase it is essential to use a high quality real estate provider who is familiar with the industry and local market and who has a concentration in the luxury NYC market. One example of a high quality broker is Town Residential Real Estate.
Town Residential Real Estate was founded and is based in NYC and has a specific expertise in luxury NYC apartments for rent and purchase. Their real estate professionals are able to help buyers and renters get the exact units that they are looking for and can help to negotiate for those amenities that matter most to them, at a lower cost.