New York City Experiences Big Sales In Real Estate

If you have been watching the New York Real Estate sales, you might have noticed that in the last year an expensive transaction happened right under the nose of the city that never sleeps. This single transaction is one of the biggest that New York City has seen in several years at around 100.5 million dollars. That was for One57, which covers just under 11,000 square feet of space on floors 89 and 90. That was just a single transaction, another one happened for 77.5 million. Called by many the year’s most expensive co-op, this duplex, designed by Rosario Candela, was sold to a billionaire by Woody Johnson. If you watch sports in New York, you already know that name because he is the owner of the New York Jets.

For 50.9 million Russian born Andrey Vavilov sold his penthouse on the 78th floor of the south tower of 25 Columbus Circle. That’s a new best for The Time Warner Center.  That does not hold the record which was set in 2006 in the amount of 53 million. Even Brooklyn comes in with a 15.5 million honorable mention for a three story brick townhouse in the area of Cobble Hill. If you ask nicely, Jay Maisel might take a photograph for you to see, this photographer owns the house located at 177 Pacific Street.

It is no secret that the real estate market in New York City is sitting pretty. Anytime you have a wonderful city with amazing things to do and places to live, you have a good chance of finding a great place to live or even selling one. Many say it is a buyers market or a sellers market, however, in New York it can be both. Town Residential Real Estate is the go to company for NYC Real Estate transactions of all types. With Town Residential you can buy, sell or rent.

Town Residential has been cementing their position as a luxury real estate service firm since 2010. By using a formula that offers high class residential buildings with top customer service, shown and sold with a team of NYC Real Estate representatives that is unmatched in the industry, you can rest assured that Town Residential is looking out for your real estate needs.