New York City – Rising Demand for Luxurious Real Estate Continues

New York City apartments for sale has continually increased throughout the years, and continues to do so at a steady rate. A reported $100.47 million dollar penthouse was closed on in the popular escape for billionaires all over the world. 2015 was most definitely a record year for New York City. The real estate sales were out of this world and at a record high for some of the most luxurious properties on the market.

Town Residential is a high end real estate company that specializes in development services that include but are not limited to market research analysis, advertising and current sales development. They are a growing company that has introduced some of the industries most successful leaders who have taken part in the vast increase of real estate marketing in the city. Their team is encompassed with a wide array of experienced professionals that are education and expertise in all aspects of the business.

Aside from new developmental business ventures, they have a team that solely focuses on marketing and leasing avenues. They start from the foundation and build up to knowledgeable individuals that have years of experience in the market research and leasing set of terms. They ensure that TOWN marketing and leasing areas of business will result in the greatest valued property in the least amount of time. With the market increasing so rapidly in New York City, Town Residential and it’s business branches can find exactly what you’re looking for and answer any questions that may arise.

Every record that had existed as far as real estate sale go in New York City have since been shattered. The years to come can only prove that the ongoing popularity in the City will continue. Kenneth C. Griffin will be on of the billionaire’s that will contribute to the influx. He is a hedge fund manager that has entered into a $200 million contract to begin building a triplex in Central Park South. Construction and plans are set to start in the late summer of 2016. There are already roughly 118 apartments that are under contract in that area so investors and brokers have to evaluate how many buyers are in the market for $10 million dollar plus properties. Market research analysis are set to observe that the real estate market’s largest prices will being to surface as other contracts become official. With the increasing inventory, New York City will continue to see a rising and steady demand for a luxurious market.