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Midtown Studios and One Bedrooms $450K and up

 

A newly refitted condominium building with beautiful Italian Renaissance facade on East 52nd Street in Midtown. 5 quiet floors.

 

Inside...gorgeous new studios and one bedroom apartments that are perfect for a pied a terre or investment. Units come furnished with the basics...bed, entertainment center, wardrobe and nightstand plus state of the art kitchens. The design and layout are remarkable. Two duplex penthouse units are also available, with views of the water garden next door. Call or email for details and showings.


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New York Residence
1501 Broadway
Suite 2600
New York, NY
10036

212-840-1616

www.newyorkresidence.com
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3 Things To Know About The Manhattan Market

It Pays To Know Manhattan

 

 Here are 3 facts to help you.

 

1) The market is getting firm at the top end. Two, three and four bedroom apartments are going quickly and the best ones are exceeding list price . At the highest end buyers rarely need mortgages, leaving only confidence in the market to determine their purchase. That confidence is returning. Premuim properties above $ 5 million are more scarce.

 

2) Studios and one bedroom starter apartments for young professionals are still in good supply but there is much more activity. Seasoned brokers think that $450,000 to $500,00 studios in good buildings could be a thing of the past by next  summer.

 

3) Investors are buying. Usually they are the first to return and they are back. Multiple sales in the same building are more frequent and buyers from overseas are using strong currencies to allocate assets to the Manhattan market.  Banks are lending to these investors, ending the log jam of the last wo years.

 

These facts are based on research and our own experience. Please feel free to call or email to find out more information. Matt@newyorkresidence.com

 

914-473-2188

Houlihan Lawrence Special Edition
 This special edition newsletter is dedicated to the brokers of Houlihan Lawrence.

We have very generous comission sharing with Westchester brokers and we always remember that the client belongs to YOU!
 
New York Residence:
  A resource in Manhattan that shares your high standards.

For Details and Showings
Please call or email Matt Kolb

New York Residence
1501 Broadway-Suite 2600
914-473-2188
Matt@NewYorkResidence.com
It Pays to know Manhattan