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While debates over “Pfizer v. Moderna'' or the “Yankees v. Mets'' seem to be quite popular at the moment, another question weighing on the minds of people looking to buy NYC real estate is “Townhouse v. Condo”. In a post-pandemic world, priorities have shifted and what once may have been important has fallen further down the list for many buyers.

Condos with amenity-rich offerings have always been the top choice for most buyers when it comes to NYC real estate given the myriad of conveniences that come along with them. However after a year of confinement for many of us, extra living space including private outdoor space has moved to the top of the list. The latest reports show Manhattan townhouse contracts were up 44% from the previous year. It also helps that financing a townhouse offers more flexibility than a condo. Privacy and space have made single-family homes very attractive to today’s buyers.

On the flipside, Manhattan’s condo market continues to do exceptionally well especially now with all the deep discounts we’ve been seeing. Also, many condo buildings have taken great measures to keep their common areas safe in the age of COVID, which offers some level of comfort to potential buyers. While the townhouse market has been performing well, I can say with certainty that there has been no shortage of condo sales this year as well.

In the end, there is no wrong answer when it comes to NYC real estate. What’s important is that buyers feel comfortable and can envision themselves living in the space. Priorities will differ as they always do which is why I enjoy working in this business—every situation is unique and it’s my job to 1) find my buyers the perfect home that meets their needs and 2) get them the best deal available. These days, the latter is much easier—at least, while the great deals still exist.

Let’s find the right home for you!
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Serjik "Serj" Markarian
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My business is proudly built on referrals. Who do you know that I can help find their perfect home?
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