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New York City Condos
New York City condos have residents from all walks of life. Movie stars, sports stars, high-profile business executives, retirees, young families, and everyone in between belong to the select group of condo-owners in New York City.
Trent is no exception. Trent is a successful artist living in the swanky SoHo neighborhood. Trent develops and produces art from all types of media and is able to command a pretty nice sum of money for each piece of art he creates. His last work sold for $660,000 at an art auction. The one before that went for just over million dollars to a sheikh in Saudi Arabia. It’s no wonder Trent can afford a $3 million apartment in SoHo.
Trent loves the ability to wander the streets of Soho to find inspiration for his next work of art. Whether it’s how a building façade casts a shadow, the way a cup of espresso sits on a table at an outdoor café, or watching how people interact with each other, Trent is able to focus on certain nuances of any situation to create a masterpiece for a specific client or to sell his work on the open market.
Trent especially appreciates how some of his neighbors serve as the prime source for marketing his work. Many of his neighbors and their friends have purchased works of art by him in the past. This has allowed him to pay off the mortgage on his condo early, allowing him to free up more capital to invest in a spectacular location for a workshop and hire a few artists to work with him.
A little further to the south, Connor decided he wanted to reside in one of the many New York City condos in Battery Park after he retired from his job as a fire chief in southern Florida. Connor moved into his Battery Park condominium in 2004 to be close to Ground Zero because of the special bond he felt with the firefighters who gave their lives on 9/11.
Connor felt the best way he could contribute to helping families who lost husbands, sons, and brothers who were firefighters was to set up his own nonprofit organization headquartered near Ground Zero. A condo in the Battery Park neighborhood simply made sense to him as a place to live. Connor’s move to Battery Park proved to be a great decision on his part. It allowed him to contribute in a manner that helps other people heal from their loss.
Naturally, there are a whole host of reasons why people choose to buy a condo in New York City. Whether it’s out of convenience for living close to your job or making a connection with a segment of the population with whom you readily identify in order to make a difference in their lives, these are but a few reasons people opt to purchase a condo in New York. Whatever your reason is to buy a condo in New York, you can be assured of a great experience living in one of the greatest cities of the world once you buy one of the many New York City condos.
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New York Apartments for Sale – Things to Consider
Finding New York apartments that are for sale sounds like a daunting task. There are literally thousands of apartments in and around New York that are for sale. Finding just the right apartment for you is no small feat in a city as big as New York.
You don’t have to search for an apartment alone. Quite the contrary. Having a real estate agent who specializes in buying and selling apartments in New York on your side will make the experience much easier for you.
Before enlisting the services of a real estate agent, though, think about what it is you want to have in an apartment. What are some things that you feel you can live with or live without?
Does the building for your next apartment need to have a ….?
- 24-hour doorman
- Concierge service
- Fitness center
- Swimming pool
- Rooftop deck
- Cityview
- Waterview
Or do you feel that you can live in a basic no-frills apartment building? It goes without saying that the fewer amenities your building has, the less your apartment will cost. The choice is up to you.
You should be able to find a nice apartment to suit your lifestyle for under $1 million. For that price, you should be able to get most, if not all, of the amenities listed above. Whether you want to live in Battery Park, the Upper East side, Soho, Tribeca, or anywhere in Midtown Manhattan, there are a multitude of New York apartments for sale.
Should you decide to go with an apartment in a trendy neighborhood like Soho or Tribeca, expect to pay between $1 million and $2 million for an apartment that has up to two bedrooms. As a resident in one of those two neighborhoods, living the high life will come naturally for you.
There are reasonably priced apartments down by Battery Park where you can have a great view of the water. An apartment with a view of the water would be great especially during Fleet Week when Navy ships make their way into New York Harbor during Memorial Day Weekend.
Your friends will be green with envy if you buy an apartment with a view of Central Park. Having close access to the oasis in the middle of the concrete jungle provides a great opportunity for you to get in that morning jog, a place for your dog to run, and a chance to woo that special someone with a romantic carriage ride through the park.
Now that you know what neighborhood in which you want to live and what kind of amenities are available at the building where you want to purchase an apartment, it’s time to find a real estate agent who can help you find the apartment of your dreams that will fit within your budget. Don’t worry about taking your time when looking for an apartment in New York. You’re bound to find just the right apartment out of all the New York apartments for sale.
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New York Condominiums - An Example of Why Owning is Better than Renting
New York condominiums are a great real estate investment. There is no need to buy into a co-op with a bunch of unknown names and faces. You certainly don’t want to rent an apartment in New York City because the rent can be too darn high. (Wasn’t there a candidate running for governor in New York who said that?)
Seriously though, the reason why you don’t want to rent or buy into a co-op is so that you don’t have to be bound to a laundry list of burdensome rules and regulations that govern the building. By purchasing a condo, you have the privileges of homeownership minus mowing the lawn and shoveling the sidewalk. The mortgage you pay on your condo will allow you to build equity over time. If the demand for condos increases and the supply of existing condos on the market is diminishing, then the value of your condo will increase beyond the price you paid for it.
Jack and Martha are an excellent example of purchasing a condo in New York after they had rented an apartment for two years after Jack’s company transferred him to the New York office.
Jack and Martha lived in a decent apartment in lower Manhattan paying $4500 a month. The monthly rent was within their budget, however they didn’t want to be bound to an annual lease agreement. They wanted to be able to have full control over how long they lived there. When their lease was up, they found a real estate agent to find a condo from the vast selection of New York condominiums.
Eventually, Jack and Martha fell in love with the condo they could afford in Midtown Manhattan. For just a shade under $2 million, they were able to buy a condo with a spectacular view of the Empire State Building and the Chrysler Building. Since Martha was pregnant with their first child, both she and Jack were exceptionally pleased to find a building that already had young families living there. The supervised children’s playroom down the hall from the state-of-the-art fitness center was a major selling point for Martha. She could go exercise without having to worry about someone watching the baby while Jack is at work. That is a luxury Martha would not have been able to enjoy had she and Jack signed on for another year at their apartment in Lower Manhattan.
Both Martha and Jack appreciate the ability to make minor repairs to their condo themselves without having to wait for a building superintendent to fix things. At their place in Lower Manhattan, it would be a few days before the building superintendent would finally have the plumbing or heating problems fixed. Now, they can get things fixed on their time schedule.
From this example, you can see why it is a much better idea to buy a condo instead of going into a co-op or renting an apartment. Still skeptical? Just ask one of the many people among your acquaintances who own one of the many New York condominiums.


