Chic Condo Loft in Tribeca
We are thrilled to present our newest listing — 195 Hudson Street, Apartment 3D
A premium condominium in Tribeca. This exquisite three bedroom/two bathroom loft has 11 foot ceilings, a chef’s kitchen and even comes with a parking spot included in the purchase.
Priced at $4.195M
TODAY’S REAL ESTATE MARKET
The real estate market here is booming so now is an optimal time for local and foreign buyers alike to scope out new development and resale listings. Residential real estate returns in Manhattan have climbed steadily in recent years despite the recession. Compared to other investment vehicles, such as gold, oil and the stock market, real estate is an incredibly solid investment.
According to the Wall Street Journal, the value of residential real estate in Manhattan has risen 6.5% in the past 10 years as opposed to the value of the stock market , which rose 5.6%. A Manhattan condo is 55.4% more expensive now than it was in 2004, according to Miller Samuel, which emphasizes the strength of the market. The most expensive listing in Manhattan is a $118.5 million penthouse at the Ritz Carlton in Battery Park City. The most expensive listing in the world is a penthouse at the Tour Odeon in Monaco, which is listed for $391 Million! Compared to cities around the world, New York real estate is relatively inexpensive plus it provides a healthy return for investors.
TIPS FROM J/R LUXE
Now may be buyers’ last chance to find a family-sized new development condo, as developers are shifting away from building larger units and towards more efficiently-sized layouts. We are really looking forward to seeing what some of the highly anticipated boutique new developments, like 60 White Street, 50 Clinton, 432 West 52nd and The Sutton at 959 First Avenue have to offer. These new developments not only offer a compelling price per square foot but impressive amenity packages unlike anything we’ve seen including top-of-the-line landscaped courtyards, club lounges and even solariums.
Jennifer Roberts: 917.797.0782
Randi Fisher: 516.242.0086