It is a hard time to be a real estate buyer in America right now, and in few places is that more evident than in New York City. Buyers are currently having to navigate stratospherically high real estate prices, rising interest rates, a topsy-turvy financial market, and mass layoffs in some important industries. But it isn’t all doom and gloom out there.
Below, we’ll explore four stunning residences and their developers who are offering attractive incentives to buyers across New York City.
505 West 43
Situated where Hell’s Kitchen meets Hudson Yards, 505 W 43 is a luxurious condominium with a contemporary style buyers will adore. With a dream location on the Far West Side and 122 stylishly-designed residences with interiors by Lemay & Escobar, this upscale condo building is a rare find for buyers. Homeowners can lead a comfortable, resort-quality lifestyle using the property’s incredible amenities, which include an expansive lobby lounge, a pool, a children’s playroom, a fitness center, and multiple serene outdoor spaces.
For buyers who may be on the fence about purchasing a residence in this stunning building, 505 West 43 offers an appealing incentive. Buyers who purchase a one, two, or three-bedroom unit before March 31st will receive two years of common charges paid off.
547 West 47th Street
547 West 47th Street is a stylish new building conveniently located in Hell’s Kitchen, just a short walk from Hudson Yards and the Hudson River waterfront. This development was designed by renowned Amsterdam-based firm Concrete and offers professionally curated turnkey packages for its 219 units, which range from studios to two-bedroom residences. This best-selling project encourages community interaction with what’s known as The West Residence Club, which consists of more than 30,000 square feet of indoor and outdoor amenities and lifestyle services within the development, including a rooftop pool, outdoor kitchens and dining areas, a luxurious fitness center, a yoga and pilates studio, and much more.
547 West 47th Street is sweetening the deal by offering buyers two years of sponsor-paid common charges from now until the end of March.
Front & York
Front & York, designed by acclaimed architect Morris Adjmi, is a brand-new development in the ever-sought-after area of Dumbo, Brooklyn. Bringing residences, retail, and parking to this busy part of the city is a gorgeous building that boasts picturesque city views and a beautiful half-acre park in its center. Front & York offers extraordinary amenities for residents, including the entire space on the eighth floor, housing a billiards bar, a wine room, covered outdoor spaces, an outdoor screening area, and much more.
Front & York is a dream option for buyers seeking a Brooklyn home, and adding to their appeal is a significant buyer incentive. Front & York is currently offering two years of common charges paid off and sponsor-paid transfer taxes for buyers.
Brooklyn Point and One Manhattan Square
Extell Development owns these next two appealing residences. Brooklyn Point is a 68-story mixed-use downtown Brooklyn building with many stunning residences, each with a meticulously designed floor plan. With high-end amenities, including the rooftop pool and deck, Brooklyn Point provides upscale lifestyle perks for residents. One Manhattan Square is a skyscraper, finished in 2019, with gorgeous water views on the Lower East Side. Its unique features include a basketball court, bowling alley, outdoor garden, and much more.
These buildings come with an exciting perk that helps buyers in a time of inflation and skyrocketing prices. From now until the end of Q1 2023, the developer will buy down buyers’ mortgage interest rates by two percent annually for the first three years of their mortgage.