The State Of Real Estate Development In New York

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The New York Times recently made a publication concerning the current state of the real estate development in New York City. In the field, what is experienced is advanced technology and a new phase of the estate development. Actual sales got experienced in the industry. According to the publication, Extell Developments managed to close the year with an estimated net worth of one hundred million dollars.

In other phases of sales, the Central Park real estate developers who operate at 57th Street managed to make a closure with a nine digit figure. Developers based in Manhattan managed to set new records as higher prices paid for town residential. In Cobble Hill, Brooklyn made an impressive sale and raised a new record for the most expensive sale of a single apartment ever sold. Shaun Osher, who currently serves as the Chief Executive Officer of the Brokerage Core Firm, reported that 2015 emerged as the best year of sales as compared to the past years.

According to Shaun, new records will sooner be set due to the expected sales of residences in Central Park South 220 to interested billionaires in the area. Kenneth Griffin, who has a net worth of more than seven billion dollars, expressed his interests in buying a residence in the area. Kenneth raised an estimate of two hundred million dollars to purchase the resident located in Central Park South 220.

December 31, 2015

One thought on “The State Of Real Estate Development In New York

  1. Brian Post author

    The real estate developers closed the year with satisfying results. Better results are expected in 2016. That could be the only way to get rushessay to do these things pretty fast and easy.

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