Overall Thoughts for 2011 Sales at Georgetown Plaza at 60 East 8th Street:
Georgetown Plaza is one of the only cond-op buildings in the Greenwich Village/ Union Square neighborhood. Because it is investor friendly and has flexible purchase policies, it has become one of the more desirable buildings. Apartments when priced within the most recent comparable sales, typically sell quickly and at strong prices.
The roof top deck and views are always a major attribute to the building. Renovated apartments are selling the quickest and at the highest prices, as most buyers do not want to go through a lengthy renovation process. Because of the close vicinity to NYU (New York University), there is always a consistent demand for rentals, making apartments in the building equally attractive for an investor looking to rent out the apartment. A very low supply of apartments is expected and we continue to see most apartments go into contract quickly when coming available.
Most apartments sold close to their asking prices, something that we expect to see in 2012. Georgetown Plaza is one of the most well established buildings in the Greenwich Village neighborhood and we continue to see strong demand in the foreseeable future.
We hope you have found our market report valuable and informative.
In this consumer savvy and an immediate need for information days and age, it is most beneficial to work with a real estate agent who knows the market and understands the subtle differences that can make a big difference. If you are interested in condops for Sale at Georgetown Plaza or in the Greenwich Village neighborhood call us directly at (917)837-8869 or email us at http://manhattannycondosforsale.com/contact/
We look forward to speaking with you.