Category Archives: Real Estate Providers

TOWN Residential Moves Fast to Strengthen its Presence in New York

In spite of its high price, the New York real estate offers investors numerous opportunities to excel. Some of the hottest markets in the city for commercial and residential real estate are in Brooklyn, Queens, Bronx and Hudson County. According to most analysts, the secret to successful investing in this market is setting a good plan of action and acting fast. One of the key players in the city’s real estate market is Town Residential. According to an article published by Crain’s New York in September 2013, the real estate brokerage firm established in 2010 unveiled its 10th outpost in the West Village neighborhood of the Meat Packing District. The move was informed by the need to serve the communities that dot the Hudson Yards all the way to Tribeca.

 

The new establishment leased from Thor Equities covers 7,100sq ft and is based on the second floor. The 15-year deal inked by Town Residential will give the company ample interior and outdoor space to serve clients diligently. The company founder Mr. Andrew Heiberger noted that the strategic location of the firm near the Story-High Park will position the company as a brokerage that specializes in high-end sales. Another company that showed a willingness to join the real estate outfit in the new premises is the boutique brokerage firm called Thomas & Ingram. Prior to moving to the new 446 W. 14th Street premises, the firm had unveiled other high profile offices at 530 LaGuardia Place in Greenwich Village and 33 Irving Place east of Union Street.

 

About TOWN

Town Residential is a privately held real estate brokerage firm based in New York City. According to the company excerpt published on LinkedIn, the company has dedicated its resources in a number of areas, including real estate sales, rentals and new development marketing. Some of the factors that have made the real estate sectors highly lucrative to investors include high spread of income, high population growth in the boroughs and the growth of the healthcare and finance sectors. The New York neighborhoods currently served by TOWN include; Union Square, Midtown West, Flatiron District, Battery Park, East Village and Lower East Side

 

The other neighborhoods include Midtown East and Tribeca. The company is led by a team of highly skilled professionals with many years of experience in the trade. According to the Real Deal Inc website, TOWN Residential is led by Mr. Andrew Heiberger, the Founder, Co-Chairman and CEO. Heiberger’s experienced hands in real estate dealings saw him establish a highly successful rental focused brokerage firm called Citi Habitats, which he later sold to NRT. The other high ranking members in executive team include Jacqueline Pestana, the Chief Operating Officer and Managing Directors, Juliet Clapp and Ari Lefauve.

 

 

Town Residential Continues Rapid Growth

One of the most competitive real estate markets in the entire world is the market in New York City. Due to significant professional opportunities, international investors, and those seeking luxury properties, the real estate market always seems to thrive even during economic downturns. Due to the continued demand for real estate in New York City, and the allure of working and living in the city, it can be incredibly competitive for real state broker’s and other professionals. While it can be incredibly difficult to build market share, one local real estate firm has continued to grow even though they are less than 10 years old.

 

Town Residential is a local real estate firm that has continued to grow and develop. The company started as a small brokerage firm in 2010, but quickly grew to have over a dozen offices located across the city. Town Residential’s growth is directly correlated to the quality services that they have provided to their clients. The primary service that the company has provided to its clients are leasing and brokerage services. The company has partnered with a number of top real estate developers and property owners to help ensure that they sell new developed units as quickly as possible and at the highest property sales price.

 

While Town Residential is known for their effectiveness in the brokerage field, they are also known for their market knowledge. The company employs a team of people that are focused on ensuring that the company has the most current and accurate market information. This information is regularly shared with clients and we sure they make the most informed and profitable business decisions. The company also provides a regular newsletter that discusses trends in the industry and upcoming projects. This newsletter is read by thousands of professionals and investors across the world.

 

While the company started as just a residential real estate service provider in New York City, but company has continued to expand its services and offerings. Over the past few years, the company has opened an office in Miami Florida. In this office they provide similar brokerage, sales, leasing and management services. The company is also looking to expand into other 20 real estate markets across the country, including those in California and Texas. The company would also like to expand its new commercial real estate business, which provides a variety of similar services to commercial real estate developers and property owners.

 

Luxury Condo Market Slowing in NYC

The NYC luxury real estate market is the strongest and most vibrant real estate market in the country. Average prices in Manhattan are higher than anywhere else with a $1.1 million median price. However, the market is a little overbuilt and is starting to slow. Sales grew by only 8% in the first quarter while many new units are being held off the market.

Meanwhile, although the economy keeps expanding slowly and steadily there are few American buyers for the super luxury condos. The stock market is not booming and the valuations for new technology companies are rising more slowly than in the past. The drop in oil prices has reduced the income of domestic energy companies. Lastly, banks, hedge funds and other financial firms are still producing plenty of wealthy executives but perhaps not at the same rate as in the past.

TOWN Residential real estate brokers is the leader in marketing luxury condos. The team’s agents have connections around the world to organize the most efficient sales process to get the best price for both buyer and seller.

TOWN’s executive team has decades of experience in the New York real estate market. They have also worked on some of the most exclusive projects in the hottest neighborhoods in the city including SoHo, Tribeca, UWS, UES, Midtown and Chelsea. TOWN continues to provide the finest end to end service of any broker in the city.