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Buyers still dream of New York

The « world’s capital » is still valued for its luxury real estate… as can be gauged from the demand. Fortunately, offers abound, with new complexes that have been specially designed for an increasingly demanding clientele.



Americans are far from being the only ones to yearn for an apartment in the heart of Manhattan with a terrace and view over the mythical skyline. All over the world, eyes are focused on the Big Apple’s charms. Russians, Chinese, Qataris… foreign investors are prepared to pay astronomical sums of money to buy a pied-à-terre.



Luxury between heaven and earth


The market is keeping up with this international clientele. To meet these investors’ requirements, developers gambled a few years ago on the construction of skyscrapers of 80 stories or more. Since the beginning of the years 2010, these luxury residential towers have been multiplying around Central Park… with prices that are as vertiginous as these extraordinary superstructures. Built by renowned architects, they are home to spacious and comfortable dwellings that offer services at the cutting edge of international luxury.


To purchase an apartment within these hyper-luxurious complexes, you will need to set aside at least $50 million. On the last floors of these towers, some apartments even exceed the 100 million mark. It’s the case of two penthouses overlooking the « One 57” tower, with breathtaking views over the whole of New York. With a surface area of over 1,000 square meters, these duplexes are located between heaven and earth, at almost 300 meters above the ground. The building, which is located at 432 Park Avenue, was designed by the French architect, Christian de Portzamparc.



Luxurious split-level apartment and typical architecture


But the luxury real estate market is not confined to these brand new towers. The famous « Upper East Side », Manhattan’s most fashionable neighborhood, is full of luxurious apartments, like this split-level apartment with five bedrooms, three bathrooms and a jacuzzi, up for sale for a little more than eight million dollars.


In Greenwich Village, the most popular properties are “brownstones », these red-brick properties that are typical of New York architecture, most of which were built in the middle of the 19th century. In these ultra-popular buildings, artist’s lofts are often snatched for more than $10 million. Here, like elsewhere, outdoor spaces and views of the city’s skyline are the most in demand.


To the north of Manhattan, the district of Harlem, formerly a notorious neighborhood, now draws a clientele of artists and « bobos ». The prices there are more affordable than elsewhere, even for high-quality properties, like this three-story family triplex apartment overlooking 126th Street. With a total surface area of 325 square meters and a terrace, it is on sale for $2.5 million.



Family residences outside of Manhattan


Large families generally prefer to get away from the noise of Manhattan and often turn to Brooklyn or Queens to find peace and quiet and everyday comfort. Choosing Brooklyn means swapping breathtaking views of the Statue of Liberty and the Hudson River for green spaces and – the pinnacle of luxury in New York – the possibility of a private garden. It’s a market characterized in particular by its selection of private mansions… Like this five-story house built in 1859, which has been entirely renovated, to include three functional fireplaces and seven bedrooms. In Brooklyn, also, luxury comes at a price, and you will need nearly $13 million to enjoy this haven of peace and its garden.

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