Nestled in downtown Manhattan is a small and emerging little neighborhood called Battery Park City that borders TriBeca and FiDi. Over the last year, it is has grown from a quiet little “suburb” to a booming and thriving hotspot, surrounded by top-notch restaurants and luxury retail. With a 34% jump in median in-contract price, the numbers don’t lie! This year, sale prices hovered around $1.4MM or $1,373 PSF – which really gives buyers a bang for their buck. When looking at Manhattan real estate, finding value at a reasonable price is rarely a topic of discussion. Further, in 2Q17, most listings spent 90 days on the market, whereas today, they trade hands – on average – in about 67 days. BPC is located within a short walk to the Chambers Street station, which provides service to most major stations and trains. From Danny Meyer restaurants to the luxury retail hub Brookfield Place, Battery Park City offers incredible amenities to all of its residents, and with the recent jumps in sales prices, this is an investment opportunity you’re not going to want to miss!
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