Lo­ca­tion, Lo­ca­tion

To buy the hottest prop­erty in New York, get to know the hippest neigh­bour­hoods

Hong Kong Tatler - - Real Estate -

Those look­ing for a tra­di­tional lux­ury New York ex­pe­ri­ence should be fo­cus­ing on the Up­per East Side and the Up­per West Side. “They’re com­posed of mostly grand old co-oper­a­tive apart­ment build­ings—and the most ex­trav­a­gant of the new de­vel­op­ments, such as 432 Park Av­enue and One57,” says Henck­els. The apart­ments in One57, which was de­signed by Pritzker Prize-win­ning ar­chi­tect Christian de Portzam­parc, will ben­e­fit from the fives­tar concierge ser­vices and ameni­ties of the Park Hy­att New York in the same build­ing. Both One57 and 432 Park Av­enue “have al­ready had some sales over US$90 mil­lion,” says Henck­els. Mean­while, “the hippest place to buy is cur­rently down­town, with all its dif­fer­ent neigh­bour­hoods—west Vil­lage, Tribeca, Soho—as well as Brook­lyn, where the un­der-us$10 mil­lion mar­ket is ex­plod­ing,” adds Henck­els. Ac­cord­ing to Des­moine, “Man­hat­tan is still evolv­ing. A great ex­am­ple of this is the Hud­son Yards on the West Side. What was once a tan­gle of be­low-grade tracks and train cars is in the process of trans­for­ma­tion into a vi­brant neigh­bour­hood with new re­tail and res­i­den­tial build­ings, parks and beau­ti­fully de­signed pub­lic spa­ces.” She also sug­gests the Fi­nan­cial Dis­trict, which is be­com­ing some­thing of a hub on week­ends and is home to a host of new con­do­minium de­vel­op­ments.

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