Benefits of Condos over Co-ops in NYC

by | May 6, 2014 | Real Estate

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The Midtown NYC Luxury Apartments available on the market are in high demand with less and less available everyday. Those who are trying to get into a co-op should rethink their plans. If you want to have a chance of getting into the midtown NYC luxury apartments you should focus on the new condos popping up and do not hesitate to grab them before foreign investors get there first.

Co-ops Out of Reach
For most people, especially foreign investors, the old money co-ops are out of reach. The process to apply and be accepted in a co-op is far too stressful and rigorous a process for most people to endure. As well because foreign investors are not being considered for these highly desirable properties they are instead turning to new build condos and offering cash sight unseen for these hot commodities. With this in mind it is important for those looking for a luxury property in Manhattan to pay close attention to the new luxury condos on the market and be certain they are viewing them and buying them as quickly as possible.

Condo Living
Condo living in Manhattan provides superior quality spaces located in the most desirable neighbourhoods with the most prestigious addresses. You will also find the most impressive views and high end finishes comparable to those in Co-ops. Although co-ops offer history and a sense of establishment they are better suited to older couples and singles who have been around for a while. The Midtown NYC luxury apartments you will find have been designed by world renowned architects with an impeccable attention to detail. You will also find amenities not associated with co-ops such as gyms, pools and interesting gardens and shared spaces. Upmarket details with the most sophisticated, modern design details from expensive marbles and wood floors to high end lighting and stunning open concept layouts are always top of mind to designers.

Modern Urban Living
Condos have been designed with all of the modern advantages of technology including superior security. Some combine residences with hotels offering all of the amenities of the hotel to owners. Exceptional attention to detail has been put into every aspect of each unit in order to appeal to the discerning tastes of New Yorkers as well as foreign investors who are often making their purchases by phone.

If you want a chance to purchase Midtown NYC luxury apartments new condos are your best option.

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