Why should you buy an apartment in Chelsea?

If you’ve been looking for a top-notch spot to buy an apartment in New York City, Chelsea is an undeniably excellent choice. This trendy and unique neighborhood is well-known for its stunning art galleries, high-end fashion boutiques, rich culture, and delectable dining options. For these reasons (among others), Chelsea is one of the most sought-after locations for people looking to buy an apartment in Manhattan

Whether you’re in the market for a condo or co-op, BARNES New York is here to assist you. Listed below are some of the most compelling reasons why you should consider buying an apartment in Chelsea. It truly is a beautiful neighborhood, and we can guarantee that you won’t regret making the choice to live there! 

What are the benefits of buying an apartment in Chelsea? 

Chelsea is one of the most diverse and exciting neighborhoods in New York City. That much is plain to see! Its thriving art scene and trendy restaurants are just a couple of the reasons why Chelsea attracts people from all walks of life. What makes Chelsea an optimal location for people looking to buy an apartment, you might ask? Check out some of the main benefits of living in Chelsea below. 

Excellent Location  

One of the most notable advantages of buying an apartment in Chelsea is that it’s located in a prime area of the city. Situated on Manhattan’s west side, Chelsea is super close to some of New York City’s most famous landmarks, including the Chelsea Market and the High Line. This particular neighborhood is also well-connected to public transportation, so you’ll have no trouble getting around the city if you reside in this area. 

Vibrant Culture  

Chelsea is home to some of the most extravagant art galleries in the world, including the Gagosian and David Zwirner galleries — so if you’re an art fanatic, this neighborhood would be absolutely perfect for you. Chelsea’s galleries attract art lovers from all over, making this part of the city an absolute hub of creativity and culture. This neighborhood also boasts a vibrant nightlife scene. It boasts numerous bars, clubs, and music venues to suit all tastes, ensuring there’s something for everyone.

Luxury Amenities 

If you’re looking to live in a luxury apartment, Chelsea has plenty of great options to choose from. Chelsea’s apartments offer a blend of old-world charm and modern amenities in beautifully restored pre-war buildings and new developments. These residences often include fitness centers and scenic rooftop terraces, ideal for luxurious living.

Tight-Knit Community 

Chelsea has a strong sense of community, and its residents will often come together for special events and activities. From community gardens to neighborhood cleanups, there are plenty of opportunities for Chelsea residents to get involved and give back. Additionally, many of the co-ops in Chelsea have active boards that foster a sense of community. This ensures well-maintained co-op buildings for those seeking to reside here.

Fabulous Restaurants 

Chelsea is especially known for its diverse culinary scene. Fine dining restaurants in Chelsea — such as Zou Zou’s and the Sea Fire Grill, are known for their elegant ambiance, impeccable service, and sophisticated cuisine. These restaurants use top-quality, often locally sourced ingredients to craft unforgettable, innovative dishes with exquisite flavors and textures.

Excellent Shopping 

Chelsea is an absolute haven for shoppers. The primary Chelsea shopping district, around Fifth Avenue and Madison Avenue, hosts flagship stores for numerous luxury brands. Chelsea Market, a historic indoor market, offers a unique shopping experience with artisanal food stalls and craft shops.

It’s a Great Investment 

Buying an apartment in Chelsea is also quite a smart investment. The neighborhood has seen significant growth and development over the past few years, and many new luxury apartments have been built recently. It’s also worth mentioning that many apartments in Chelsea appreciate in value at an exceptionally quick rate, which means investing in an apartment here could potentially be quite lucrative. The median sales price in October 2023 was $1,663,450 and the price per square foot was about $1,966.*

*Data from UrbanDigs.

Should you buy a Condo or a Co-op in Chelsea? 

There are several key distinctions to bear in mind when purchasing a co-op or condo in Chelsea. The great thing about buying a condo is you’ll have greater control over your apartment and personal living area. You also won’t have to go through the co-op board approval process in order to make repairs and upgrade your apartment. 

That said, if you’d like to own a co-op in Chelsea, there are some definite advantages, such as a lower cost of living. In comparison to condos, co-ops sometimes have stricter rules and restrictions, but this tends to help maintain a greater degree of quality within the building, so it’s definitely worth it. 


Chelsea offers a unique and attractive lifestyle that’s hard to find anywhere else in New York City. If you’re looking for a place to call home that offers both urban convenience and a strong sense of community, then Chelsea might just be the perfect neighborhood for you. Take your family to an art gallery or check out some of the shops at Chelsea Market, and see for yourself! If you’d like assistance acquiring an apartment in Chelsea, you shouldn’t hesitate to reach out to BARNES New York. Contact us today for more information! Our team of real estate experts will be happy to answer any questions or concerns you might have. 

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How can BARNES New York help you in your real estate journey?

There are hundreds, if not thousands of real estate brokers in Manhattan alone. When looking at the entire state of New York, there are endless real estate broker choices. When investing in a new home, ensure you choose the right real estate broker for you.

That’s why BARNES New York can help you. BARNES offers expert brokers throughout New York to help you find your dream home.

This guide details why BARNES is one of New York’s top real estate broker. 

Where can BARNES New York help me find a property? 

BARNES can help people find property all over the state of New York. While Manhattan is a main focus because it has the most amount of buyers, there are several other places around the state where BARNES can show you some amazing properties.

Here are the main focus areas: 

  • Manhattan. Let BARNES help you find your new home or apartment in TriBeCa, Lower Manhattan, Midtown, Union Square, Greenwich Village, SoHo, Chinatown, The Lower East Side, and many other places! Just let us know the type of property you’re looking for and your budget.  
  • Brooklyn. Brooklyn is more than just Brooklyn’s downtown itself. You can also find some great apartments and homes in Williamsburg, Dumbo, Brooklyn, Heights, Park Slope, and several other places depending on what amenities you want to be close to.  
  • Queens. Queens is a great place in the state for those who want to be a little outside the city while staying a short distance from Manhattan. You can get a great place in Long Island City, Astoria, or Sunnyside.  
  • The Hamptons. While many people just have their summer home in the Hamptons, there are also other people that are looking to live here full-time. No matter what’s bringing you to the Hamptons, BARNES can help you find great real estate in the area.   
  • Westchester. If you’re looking for a little bit of a less stressful life, Westchester is the area for you. There are many cities in this area that are quickly growing, which means you can find many of the same amenities that you would in New York City while enjoying more space.
  • Connecticut. Connecticut, often referred to as the “Constitution State,” is a small, picturesque state in the northeastern suburbs of New York City, known for its rich history and scenic New England landscapes, offers a quiet and green environment to get away from urban living.

While we cover a wide range, our experts specialize in specific areas, ensuring you work with a knowledgeable professional in your desired location.  

Where should I buy a property with BARNES New York? 

BARNES New York is always working in the strongest real estate markets in the state. With a strong team of experts, we help our clients find the best places for sale in the market.  

Working all over the state, BARNES New York is able to help you buy or rent property virtually anywhere you want.  

If you aren’t sure where you want to live, you can let us know what kind of environment you are searching for and we can advise you on an area we think is best for your needs.

If you want something new that no one else knows about, BARNES is always ahead of the game knowing where all the new developments are located.  

What if I’m looking for something other than an apartment or home? 

Some luxury real estate companies only focus on apartments or homes. While this works fine for some clients and brokers, there are many people all over New York that are searching for more than just a home or apartment.  

This is where BARNES comes in!  

If you’re searching for a huge investment like a castle property in the countryside, BARNES specializes in selling famous chateaus all over the world.

Get ready to step back in time and find one of these historical and luxury castle properties. You’ll feel like you’re in a fairytale. Most of the castle properties are in the French regions. So, although you’re getting out of the state of New York, BARNES can still help their clients find properties all over the world.  

Here are some of the other great things BARNES real estate brokers and salespersons can help you find both in New York and all over the world: 

  • Vineyards. BARNES real estate brokers are experts in both finance and wine when it comes to finding you the perfect vineyard. Their portfolio for the wine industry is extensive. Even if you are in the wine industry, BARNES can help you find the perfect place to begin your business.  
  • Yachting. Some people just use yachts for their vacation time, but there are others that enjoy living on their yachts full-time. BARNES has over 30 years of experience finding people yachts as well as helping you get space to service and keep your yacht all over the world.  
  • Art Advisory. Art advisory is a professional service that assists clients in buying, managing, and appreciating art. It includes art acquisition, market research, collection management, diversification, investment advice, negotiation, auction representation, market insights, curatorial services, and appraisals/authentication. Art advisors help clients navigate the art world and make informed decisions.
  • Business Jets. BARNES helps you fly to any destination on a private jet for your convenience, whenever and wherever you want!

Can BARNES New York help me manage my property?

Yes. Our specific property management department, BARNES International Management (BIM), can help you with real estate assets and property management. We offer quality property management and on demand services to all owners and investors owning a property as secondary home or residential investment in the New York and Miami area, with on site, trusted contact.

What if I want to sell or rent?

BARNES does not just focus on helping people who buy properties. We can also help those that are more interested in selling or renting. Not everyone wants to buy property in New York, so many of our experts just focus on renting to those that are looking to only stay in the state for a short while and who want to test out a few neighborhoods before settling down.

Buying is a big commitment, so if you prefer renting to test the neighborhood’s suitability for long-term living, we will gladly assist you.

Why should I choose BARNES New York to sell my property?

If you want to sell your beloved home or property, you will need to find a great listing broker. Look no further than BARNES. New York has tons of brokers to choose from when it comes to putting your home on the market. You should ensure a broker understands your home’s value to secure the deserved selling price. 

BARNES excels as New York’s top real estate broker by providing meticulous care to any sale properties.

BARNES New York can help ensure you get an amazing sales associate to make the selling plan unique to your property. With this custom approach, you will find that your property gets countless interested buyers willing to give you the price you are asking for.  

Our real estate salespersons have a personalized approach to selling that includes: 

  • Exposure to Multiple Listing Services so that everyone gets a detailed description of the property 
  • Folder for presenting the property to the interested audience members  
  • All properties are featured on the BARNES international website and therefore also get exposure in places like the New York Times and Trulia 
  • Publication in the BARNES Magazine, distributed internationally in more than 180,000 copies
  • Property featured in the BARNES newsletters which has more than 50,000 readers and in dedicated local databases

With these personalized approaches, BARNES New York will help you sell your property with care and trust.

Can BARNES New York help me find new developments?  

If you are undergoing an acquisition project in a new development, you will need to find a broker to help you with your primary residence, secondary residence, or rental investments in a new development.

Finding the best developers can be challenging, but BARNES New York has access to top developers, ensuring you’re in good hands.

Hiring a broker is especially important for the developing process because they are better able to negotiate for you. They can get the best purchase price and carrying costs for you.  

Finding a brand-new apartment in a new development building in New York has many different benefits. Hiring a broker can maximize your profits with their deep knowledge of New York’s real estate markets.

Here are some of the benefits BARNES can offer you when searching for new developments in New York:

  • Finding you the best rental potential and opportunities for resell  
  • Best materials and the best chances for energy efficiency so your utility bills are on the low side  
  • Discounts from the purchase price as well as negotiation from the purchase price, carrying costs, and transaction fees  


It is hard to find the top real estate broker in New York. Whether renting, selling, or buying, BARNES associates and brokers have the expertise you need!

But we also offer more than just homes and apartments. We offer a wide panel of investment properties, vineyards, and castle properties, as well as yachting and art advisory services.

Contact us today for a consultation. We would be happy to find you the best home or apartment. Let us help you today! 

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BARNES Magazine n°34 is hot off the press

In this edition, we highlight Daniel Boulud, often regarded as ‘the quintessential French chef in the United States.’ Having made New York his home for the past four decades, he is set to unveil Café Boulud in collaboration with la Maison BARNES, on the Upper East Side of Manhattan, this November. This union of two renowned French brands promises to provide guests with a truly unique experience, where they can savor their exceptional skills, warm hospitality, and craftsmanship.

In this most recent issue, we explore the elegance of Bernardaud’s tableware, delve into the design passion of antique dealer Aurélien SERRE, witness the revival of Molli under the guidance of entrepreneur Charlotte de Fayet, and shed light on the dedication of Anne-Aymone Giscard d’Estaing and the SOS Chrétiens d’Orient association.

Not forgetting a world tour of our finest properties for sale and for rent.

What is the average home price in Queens? 

If you’re flying into New York City, one of the first places you’ll encounter is most likely Queens. This New York City neighborhood features two of the largest airports that greet people in the area. So, if you’re looking to move to an area that’s the epitome of the New York City lifestyle, Queens is the place for you. Plus, Queens is rich with history and American icons. 

Finding a home in Queens can be pricier than looking at other big cities in the United States. Unfortunately, New York City is known for exorbitant prices whether you’re eating out or looking for a place to stay. The housing market in this area is no different from the rest of the higher living costs. However, you can balance this out by finding a job in New York City that pays enough to live comfortably. 

So, are you interested in finding a place to live in Queens but don’t know where to start? We will discuss the average home price in Queens based on location, size, and home features. Our guide can help you make a seamless move to New York City. 

How expensive is it to live in Queens? 

The reasons for getting a property in New York City are obvious. There are plenty of places to work, eat, and hang out in the city that never sleeps. You can get apartments, condos, townhouses, and penthouses when you live in Queens. There’s no limit to the type of investment properties you can find while looking through realtor listings. It’s also important to pay attention to the neighborhood you choose, so you and your family feel comfortable in your new home. 

The location of your Queens home can have a huge impact on how much you’ll pay for the purchase. For example, if you’re looking for a house that’s close to the action, then you’ll spend much more than a house on the outskirts of the city. Many people are looking for a house that’s within walking distance from New York’s finest attractions, or at least close to a subway station.

As of September 2023, the median sale price for homes in Queens is $478,000* but varies significantly based on the features that come with the home. For example, if you want to purchase an apartment that’s high up, so you have a beautiful view of the city, that will cost you more. Neighborhoods like Malba, Queensboro Hill and College Point, as well as Hunters Point, right across from Manhattan, are among the most expensive areas in Queens.

*Data from PropertyShark

What neighborhood should you live in? 

Whenever you choose a place to live in New York, it’s important to consider all of the neighborhoods in the area you’re interested in. The neighborhood you choose should be suitable to your home life and close to places you enjoy. For example, you might prioritize living in a neighborhood close to work over neighborhoods offering other features. 

Plenty of people live in Queens and seek the suburban lifestyle. Having a relaxing place to start a family is a great way to feel confident about life ventures. However, no matter where you live in Queens, there are plenty of ways to access the urban parts of NYC. So, you can enjoy the peace of living in a quiet neighborhood, like Forrest Hills, or choose a neighborhood close to Manhattan, like Astoria

The Queens neighborhood that works best for you depends on your financial situation and the places you visit most often. Astoria is one of the most popular neighborhoods in Queens because it’s the easiest way to access the big city parts of New York City. However, plenty of people prefer a quiet environment over convenience. Finding a property for sale in Queens is easy, depending on your neighborhood. 

What is the average price of a Queens penthouse? 

So, are you looking to buy a property in Queens? One of the most popular options for Queens real estate is the penthouses. You can enjoy the beautiful views offered by these penthouses as soon as you wake up in the morning. This type of property overlooks some of the most vibrant places in New York City and nearby. 

The median sales price in Queens for a penthouse fluctuates depending on the neighborhood. Some neighborhoods go for higher values than others in New York City, which isn’t too surprising. However, the most expensive Queens condo listed as of early 2023 was almost $5 million. They can get pricey depending on the features they offer, especially for luxury living. 

* Data from The Wall Street Journal

What is the average price of a Queens townhouse? 

Another popular way to enjoy living in Queens is to get a townhouse. People enjoy these types of properties because they can feel more traditional than other types of NYC properties. The amount you’ll spend on a Queens townhouse is usually around $752,000, but the price changes a lot depending on features and location. People feel comfortable living in a townhouse because it offers classic suburban living. 

What is the average price of a Queens condo or coop? 

People who value convenience over other aspects of Property buying love living in a condo. It’s common for condos to offer a local gym, meeting halls, and central locations. However, you can purchase a luxurious condo in Manhattan or one that has the bare minimum for your comfort level. The median cost for Queens real estate that surrounds condos is $685,000 as of September 2023, while the coop market started at around $293,000.


So, are you ready to buy a property in Queens based on this information? There is no shortage of things to do in Queens, and you can reap the benefits of a suburban lifestyle. There are several neighborhoods you can choose from, and are our team of experts will gladly assist you with the decision. We are familiar with the Queens area and dedicated to helping our clients. Contact us today for a consultation so we can help you get the Queens real estate property of your dreams. 

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What is the New York City real estate market like?

Even if you have never been there before, you are surely aware that there are few cities in the world like New York City. The biggest city in America is also one of the most beloved and recognized on all of Earth. From business to nightlife to culture to restaurants and more, New York City has it all.  

It is one of the most popular places in the world and that means that it has one of the most famous real estate markets too. The real estate market in New York City is known as a good barometer for the entire country and world. When real estate in New York City becomes more expensive, it often signals a trend that will impact other major cities worldwide.

There is a lot to know about buying real estate in New York City. It’s unlike any other city on Earth because of the various things you need to keep in mind. Just saying you want to move to New York City isn’t enough. You should know the location, type of residence, benefits, and more.

But investing your money in the New York City real estate market is almost always a good idea. It has pushed through some of the toughest world events ever – including over the last few years. This proves that, even in the worst of times, the New York City real estate market is strong and will always bounce back. The resilient New York City market is a compelling reason to consider investing in it, whether you seek a home for sale or apartments for sale. 

Let’s take a deeper look into the current state of the market in the city that never sleeps. Is now a good time to buy into New York City real estate, either as someone wanting to move there or someone wanting to invest? What other things should you be aware of when you are contemplating a move as big as this one? 

How much does it cost to buy into New York City Real Estate? 

According to UrbanDigs, Manhattan’s median home prices were down about 3.3% in the month of September 2023 compared to the previous year. The median sale price for a house in Manhattan was $1,152,066 and was on the market for about 75 days. The median sale price per square foot in Manhattan is $1,438, down 0.7% since last year. 

Brooklyn is seeing a different trend, with a per square foot of about $976 in September 2023, showing a 2.2% increase from last year. The median sale price also rose to $961,000, a 0.9% increase year-over-year.

The market is primed for someone, even a first time buyer, to make a mark on the New York City real estate market. With prices dropping, you will be able to spend less money. And with the amount of sales reaching a ten-year low, the market place is filled with locations that are ready to be grabbed up. It is important to note, however, that the supply of homes right now is historically low. 

From luxury apartments, single-family buildings, condo, townhouses, penthouses, and beyond, New York is ready to offer something at the lowest prices it’s had in ages.

Why should you buy homes in New York? 

Besides favorable pricing, there are numerous reasons to invest in the current New York City real estate market, not solely due to affordability.  

New York City is a cultural mecca that has something to offer just about anyone who moves there. Whether you’re a theater-goer, a business person, a family man or woman, or just someone trying to set off on your own and live your life, you will have plenty to do and enjoy in New York. This is one of the reasons why it’s the most populated city in all of America – people love living there. 

Here are just a few things that should convince you that moving to New York or buying property there is a great idea. 

The Location

It goes without saying but New York City truly is at the center of everything in many ways. 

New York City is home to Broadway, where the finest plays in the world are performed to adoring crowds. It is also the center of the business world, with many Fortune 500 companies making their homes in NYC. But beyond that, New York is a place where cultures from all over the world mix together and live in harmony. With this, you are able to witness events that you wouldn’t see anywhere else, try cuisine that is mouth-watering, and experience different world views.  

Plus, one of the best things about living in New York City is that you can enjoy these things from any part of it. Because of the great public transportation system in place, you can visit any part of the city with ease. 

The Resale Value 

Right now, the prices and demand for houses in New York City are at a low. However, it won’t always be that way. As it always does, the New York City real estate market will rebound and the prices will go up in time.  

That will help you in the long run because your resale value will grow in the next few years. A home that you buy now will be worth even more, and will garner you an even higher price point. For those who look to buy real estate as a smart investment choice, buying in New York City right now might be one of the smartest. 

The Strength of the Market 

New York City has been through a lot since its founding hundreds of years ago. From world wars, terrorist attacks, pandemics, and more, New York City and its real estate market has always stayed steady and held fast and then grew again. 

There are few cities that have proven their resilience like New York and few real estate markets like theirs too. Despite worsening market conditions in New York, the city’s strong history and evidence of resilience instill confidence.


There are very few cities in the world like New York City. From the offerings of food, culture, public transportation, business, and more, there really is something for everyone in the Big Apple.  

The truth is that the New York City real estate market is going through a period of change. Some of the biggest indicators of the market are at decade lows, which raises the alarm for some people. Despite surface appearances, there’s a significant opportunity in the New York City market, particularly for investors.

If you feel that now is the right time for you to buy into New York, you should call upon our expert team at BARNES New York. From New York City and beyond, we know the most intricate and minute details that should be paid attention to. 

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“Invest in New York” conferences in Europe

In May, BARNES New York was pleased to host conferences in Europe on real estate investment in New York. These conferences “Invest in New York” in Bordeaux, Brussels and London were a great success.

Yann Rousseau, Managing Partner of BARNES New York, and Myriam Benhamou, Associate Real Estate Broker, presented the New York real estate market, the acquisition and financing process, and the current opportunities for new developments in one of the most attractive cities in the United States. The conferences were followed by a cocktail reception.

Conference in Bordeaux on May 25th, 2023 (Hôtel de Sèze, 23 Allées de Tourny, 33000 Bordeaux)
Conference in Brussels on May 30th, 2023 (“The Merode”, Place Poelaert 6, 1000 Brussels)
Conference in London on May 31st, 2023 (BARNES International London, 113-115 Old Brompton Road, South Kensington, London SW7 3LE)

Events that made a splash

The conferences were followed by question/answer sessions and cocktails that allowed all participants to interact on the New York real estate market in a laid-back and chic atmosphere.

BARNES New York at the NYC Real Estate Expo

BARNES New York had the opportunity to be present at the NYC Real Estate Expo 2023 at the Citi Field Stadium in Queens, New York on May 10th, 2023. The Expo brought together more than 7,000 real estate professionals, developers, investors, brokers, owners, architects, exhibitors, sponsors and individuals for a day of exchanges and meetings on the current and future environment of the real estate market.

Speakers like Thibault De Saint Vincent, President of BARNES International Realty, and Scott Durkin, President & CEO of Douglas Elliman, shared their views on the post-COVID era and the latest industry trends and news.

The BARNES New York team had the pleasure of attending to present the “Art de Vivre” luxury brand and services to the most curious. Representatives from the BARNES New York team and agents gathered for the event, reinforcing the strong position BARNES International holds on the real estate scene.

Watch Thibault De Saint Vincent, President of BARNES International Realty, for NTD News :

BARNES New York at the NYC Real Deal Showcase + Forum 2023

BARNES New York had the opportunity to be present at the Real Deal Showcase + Forum 2023 at the Metropolitan Pavilion in New York on May 4, 2023. The showcase brought together more than 3,000 real estate professionals, developers, investors, brokers, owners , architects, exhibitors and sponsors for a day of exchanges and meetings on the current and future environment of the real estate market.

Speakers like Jody Durst, President of the Durst Organization, Marty Burger, President and CEO of Silverstein Properties, Inc., and Nathan Berman, Founding Director of Metro Loft, shared their views on the post-COVID era and the latest industry trends and news.

The BARNES New York team had the pleasure of attending to present the “Art de Vivre” luxury brand and services to the most curious. Representatives from the various BARNES offices in Miami, Montreal and Portland gathered in NYC for the event, reinforcing the deep ties between the offices which perfectly illustrated BARNES’ international position on the real estate scene.

“Invest in New York” conferences in Brazil

BARNES New York and Ricardo Lowndes Dale hold two conferences on real estate investment on March 20th in Rio de Janeiro and March 22nd in São Paulo. The events were followed by a happy-hour cocktail and met  with a lot of success.

Yann Rousseau (Managing Partner of BARNES New York, Westchester & Connecticut) and Adrien Gouirand (Consultant at BARNES New York) spoke in Rio de Janeiro and Sao Paulo to present the New York real estate market and its opportunities, new developments projects as well as an introduction to the buying process in the US and how to invest abroad.

The main topics discussed during the conferences were:

  • The right time to buy
  • The state of the real estate market in New York
  • The buying and financing process in the United States
  • The opportunities in new developments

What is the current state of the real estate market in New York?

Despite the US recession, we do not expect prices for existing properties in New York to decrease. However, the real estate market might experience a slight drop in supply and demand. Currently, the euro is recovering against the dollar and new constructions increasingly stand as very good buying opportunities for both resale and rental.

What are the most popular types of property?

New York consists of various neighborhoods that are very different from each other, whether in Manhattan or Brooklyn, but among them, neighborhoods such as TriBeCa, the Upper East Side, Midtown and Soho are very attractive. As for Brooklyn, the districts of Dumbo, Caroll Garens, Gowanus or Cobble Hill are very popular.

In addition, new developments are becoming the new trend, because they offer many advantages in terms of finishes, equipment, tax exemption and rental/resale potential. This type of modern, new property is becoming the new target of many buyers. Many clients also seek a family-friendly aspect in a home with more space, which is why multifamily buildings are also highly sought after by families or investors alike. Finally, do not neglect the pre-war buildings, which are also in great demand for their charm and their reduced costs.

A friendly event that caused a sensation

Following the conferences, a short questions and answers session took place, followed by a happy hour cocktail between all the guests to network and learn more about the New York real estate market in a relaxed and chic atmosphere.

“Invest in New York” conferences in France

On January 24 & 26, BARNES New York was pleased to host conferences in France on real estate investment in New York, followed by a cocktail. These conferences “Invest in New York” in Paris and Lyon were a great success.

Yann Rousseau, Managing Partner of BARNES New York, Westchester & Connecticut, and Adrien Gouirand, BARNES New York consultant, lead the discussion in Paris and Lyon in order to present the New York real estate market and its opportunities. The following agenda was discussed :

  •     How is the New York real estate market?
  •     Why is it the right time to buy?
  •     What are the opportunities in new developments (and property tax exemptions)?
  •     What is the buying and financing process in the United States?

The New York real estate market

The New York real estate market is witnessing a decline in supply and demand. Despite the U.S. recession, we do not expect a decline in prices for existing properties. On the other hand, the euro is recovering and new constructions represents very good buying opportunities for both resale and rental.

The most sought-after properties

Although more expensive, new developments have many advantages in terms of finishes, amenities, tax exemptions and rental/resale potential. Pre-war buildings are also in high demand for their charm and lower costs. Finally, multifamily buildings are also highly sought after by families or investors looking to rent several apartments.

The most popular neighborhoods in Manhattan are Tribeca, the Upper East Side, Midtown and Soho. As for Brooklyn, the neighborhoods of Dumbo, Caroll Garens, Gowanus or Cobble Hill are very popular.

Events that made a splash

The conferences were followed by question/answer sessions and cocktails that allowed all participants to interact on the New York real estate market in a laid-back and chic atmosphere.

Video realized by Enzo CANNATI

Photos by Radu CASUNEANU

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