Luxury at a Premium: Recession Brings Opportunity in Fashionable Uptown
Move on Up to the East Side
If you want to socialize with wealthy commercial and business entrepreneurs, enjoy as your backyard and reside within a stone's throw of the world's finest museums and learning institutions, there is no substitute for New York's Upper East Side. Upper East Side apartments are uniformly-housed in elegant, pre-war low-rise buildings replete with luxury amenities
such as doorman security and fitness clubs. Once notoriously the most exclusive real estate area in the country, it is now possible to find luxury furnished rental properties here at prices that were inconceivable a year ago--and the further uptown you go, the more attainable real estate prices become.
What's the Story with the West Side?
More popular with the younger social set as well as home to many musicians and artists, the Upper West Side is brimming with sleek, modern condominiums that are ready to move in. But if high-rises aren't your style, you can also find an Upper West Side apartment housed in an historic brownstone. Culture buffs will be thrilled by the proximity to Lincoln Center and the Theater District, while gourmands can enjoy Restaurant Row, home to New York's finest dining establishments. In addition, the Upper West Side is accessible to many forms of transit
including several major subways, Pennsylvania Railway Station and the Lincoln Tunnel.
Rent-to-Own: Try before you Buy
For those of you who want to live in a New York luxury apartment, but are not ready to commit to buy, rent-to-own apartments offer the best of both worlds. By signing a pre-set one or two-year lease arrangement and exercising the option to buy before the lease period is up, you can claim most of your monthly rent towards the cost of the final purchase. This is also an excellent way of saving yourself a down payment while building--or even rebuilding--your credit history.
So don't just wait out the slump. Contact a New York apartment finder today and invest in your dreams. You may never see an opportunity like this again.