I spent the day yesterday with an investor from Singapore. He was looking for a place that he can rent out right away (also known as a condo), covering his costs, and he wanted it to be near Central Park, Riverside Park or Gramercy Park.
Why those parks? I thought initially. They are harder to find condos near, and there are not many new construction projects in those areas. But, I do as I am asked… and then I show them some new alternatives.
“The High Line?” he asked me in an email recently, when I suggested that we explore this area. “Really? Is that a new neighborhood?”
So, I took him up to the High Line yesterday. His adorable little mother had flown in from London the night before and climbed the stairs right behind us (she also wore a construction hard hat and climbed a lot of other stairs throughout the day, poor thing! She must have slept long and hard last night.).
They were blown away. I showed them a fabulous new development on the High Line, along with apartments in Gramercy and on the Upper West Side near the parks, and threw in one building in the Financial District because it is (in my opinion) the best value down there and a two bedroom was selling for what one bedrooms are costing near Gramercy Park and the High Line).
He loved the High Line! We’re going back this morning to revisit the building and to explore the neighborhood together. But first, I’m going to take a quick run up to the High Line myself. I’ll let you know if he buys.