Battery Park real estate agents have the rare opportunity of serving the needs of potential clients in what may be termed a city within a city. Battery Park City is a city only in name as it is simply a community of 11,198 located in Manhattan, but it offers plenty of living spaces and amenities that seemingly contradict its rather limited geographical area. It is so named because it is right next to 25-acre Battery Park which is known for-among other things-the terminals for ferries traveling daily between Manhattan and Ellis Island where the Statue of Liberty stands, but the community is better known for its residential areas adjacent to New York City’s Financial District. It therefore comes as no surprise that a considerable portion of Battery Park City residents are wealthy investors and full-time employees of the Financial District.

Although most Battery Park residents belong to the upper middle and upper classes, this rather isolated neighborhood must not be mistaken for one that is only for the financially well-off members of society. The city government has taken the necessary steps to ensure clean and healthy living for anyone who wishes to make Battery Park their home. One notable step is the incorporation of energy-saving features in all residential buildings that have been put up in the area from 2004 onwards. There are also plenty of options in the neighborhood for property renters due to rates going down in an effort to reduce unit vacancies brought about by oversupply. There is even more good news for those living in any of Battery Park’s three main residential areas because essential businesses such as supermarkets and restaurants are all within walking distance.

However, Battery Park real estate agents advise potential buyers and residents to think long-term, specifically within the next 5 to 10 years. Although property prices in Battery Park City have generally remained stable over time, there is no guarantee that a considerable profit will be earned from selling a property within just 4 years of buying it. This also applies to those who want to invest in income property. With prevailing low rates aimed at eliminating the problems associated with oversupply that had already befallen other neighborhoods in the city, it will take some time before an investor achieves a satisfactory return from rent alone. There is even the possibility of shortfalls in generating rental income with the New York real estate market still not showing any signs of imminent growth.

Some Battery Park real estate agents stress the importance of aggressive pricing when the time comes to sell which is ideally after the 5-year mark. Aggressive pricing is justified even in a competitive market with plenty of available choices. With property buyers now more concerned with benefits rather than costs, a Battery Park property priced just right will attract people’s attention, provided that it has exactly the amenities that people want. Amenities are especially important in a neighborhood where the annual median income for more than half of the households exceeds $100,000.

Are you looking for more information on Battery Park real estate agents? Visit http://www.lgfairmont.com/ today!

Are you looking for more information on Battery Park real estate agents? Visit http://www.lgfairmont.com/ today!

Author Bio: Are you looking for more information on Battery Park real estate agents? Visit http://www.lgfairmont.com/ today!

Category: Real Estate
Keywords: Battery Park real estate agents