If you are interested in luxury apartments for sale in Chelsea, NYC, you are either a single, one of a couple, or an empty-nester. For empty-nesters, buying a luxury apartment in a high-rise is considered a buy-down option, especially among the affluent. According to research, most home-dwellers expect to pay about 20% less than their home’s current value, while a far smaller number anticipate paying more than the value of their home for a luxury apartment.
Lifestyle Benefits
With these kinds of results, developers and realtors need to highlight the lifestyle benefits of living in a high-rise. Not only does this type of dwelling provide an advantage with respect to the location, but it also offers the new buyer a more healthy environment as it reduces reliance on an automobile. The current demand for high-end apartments for sales in Chelsea, NYC, as well as in cities such as Chicago and Los Angeles numbers in thousands.
The market for luxury apartments in these cities, especially in Chelsea, NYC, is both finite and meaningful. A significant number of householders, especially empty-nesters, are interested in a housing change that underscores high-rise living.
That said, the market expectations for anyone interested in apartments for sale in Chelsea, NYC, and other major U.S. cities are fairly traditional. Research shows that people looking at these kinds of apartments expect larger units and good amenities. However, smaller units that are well-designed and follow the trend of space-saving are also of interest.
Therefore,if you are interested in buying an apartment in Chelsea, NYC, and are seeking luxury accommodations, you are seeking a home that is not only spacious but features updates as well. Of course, the location highly factors into the whole equation. Luxury apartment buyers want to be near retail stores and fine dining restaurants as well as wish to be rewarded with panoramic views. People who choose luxury high-rise living also insist on convenient parking and access to a pool.
A Preferred Model of Living
Currently, both the young and the young at heart are seeking luxury housing in the city in luxury apartments and condo homes. The affluent in cities such as Chelsea, NYC, appreciate penthouse living too. Again, the high-rise is “high” on the list of preferences of singles, young couples, and seniors in the real estate market today.
Knowing what demographic makes up this market can help you decide what type of housing to short-list when purchasing a home in a major metropolitan area. If you want to be close to conveniences and enjoy the amenities associated with apartment or condo living, making a purchase in the current real estate market may be a good move for you.
For more information, contact Fifteen Hudson Yards.
15 Hudson Yards, Residence 26A, New York, NY 10001, United States.
