NYC Residential Buildings That Are Actually Benefitting From COVID
According to a recent study, 62% of respondents report that the pandemic has caused a shift in what they value in a home, and most are now looking for larger outdoor areas. While we may be nearing the end of COVID below are just a few examples of buildings benefitting and how trends may stay for the future.
Townhouse on The Park
Just steps from Murray Park in Long Island City, Townhouse on The Park is a brand new, tech forward, luxury rental development offering 75 3-bedroom triplex apartments. “Not only does Townhouse on The Park offer private outdoor space for all units, but it’s also just steps from Murray Park, LIC’s largest green space not situated along the East River. This is a huge draw for residents looking to remain in the city, as the park essentially serves as an extension of the building’s green space and allows residents to feel safe without being cooped up indoors.” – Andres Emilio Soto, agent at Modern Spaces whois exclusively handling marketing and leasing.
The building offers a private outdoor space for almost every unit via a private garden or rooftop balcony; wellness amenities like in-unit MIRROR home gym systems; “bonus” rooms aka home office, nursery or gym; and ample space, with apartments ranging from 1,583-2,288 square feet (more than twice the size of the average NYC apartment).
567 Ocean
A Sloan Kettering Registered Nurse, who currently lives in Astoria, purchased at 567 Ocean sight unseen due to her hectic schedule. The proximity to the iconic Prospect Park (less than half a mile away) was what heavily influenced her to move forward – she also plans to have a dog once she moves in, who she’ll be able to share the enjoyment of living by the park with. This represents an overall increase in activity in the mid-range condo market (specifically within the $500k to $1M range), as first-time homebuyers take advantage of low interest rates.
“People have been stuck inside their homes for 8 months now and they’re realizing the importance of outdoor space – both as a condo amenity, and as a neighborhood amenity. The proximity to Prospect Park has obviously been a huge driver for buyers, but also with the current interest rates, it’s never been a better time to invest at 567 Ocean.” – Tamar Krasnow, VP of New Development, MNS
Bloom on Forty Fifth
Located in the heart of Hell’s Kitchen on 10th Avenue and 45th Street, luxury condominium, Bloom on Forty Fifth, is situated closely to both Hudson River Park and Central Park. In addition to being in close proximity to both public parks, Bloom also features its own private green space, a 8,000 square-foot landscaped courtyard. The condo building has seen strong interest thus far from buyers being attracted to both the public and private green spaces that Bloom offers.
“We have seen buyers' priorities shift during the pandemic with a greater desire for outdoor space than ever before. Buyers not only want access to private outdoor spaces, but also proximity to parks as an extension of their home.” – David Chang, Sales Director at Bloom on Forty Fifth.
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