Wednesday, December 14, 2011

What buyers want in New York real estate

What buyers "want" vs "need" in New York real estate. 

As published by Business Insider, these are the top three things that New York real estate buyers "want" :
1. A light filled apartment (98% of buyers want this)
2. Ample closets 87%
3. Outdoor space 61%

More realistically, what buyers "need" are the following:
1.  Light filled apartment 57%
2.  Ample closets 27%
3.  Bathroom in master bedroom 25%

Wei Min Tan is Managing Director of Castle Avenue Partners, focused on luxury residential condominium properties and foreign investors.  Wei Min speaks Cantonese Chinese, Mandarin, Malay and has represented clients from Hong Kong, China, Singapore, South America and Europe.  He can be reached at

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