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Monday, November 24, 2014

Luxury Apartments Have NYC Construction Booming

Have you noticed the surge in luxury residential development? It certainly has NYC construction booming and Alan Margolin and Associates is keeping tabs.

According to the New York Building Congress, spend on construction in 2014 will total to be 17% more than the previous year – marking a post-recession rebound.

There is one concern, however. Little to no investment is being made in affordable units for moderate and low-income New Yorkers. For wealthy buyers, on the other hand, the New York housing market is about to get much bigger.

For more on this story, visit NY Daily News.

AM & Associates is your source for special inspection and related services in New York and the entire metropolitan area. With over 50 years of experience, we are known for both our high standards and specialized services. We have supported the work of some of the largest and most prestigious developers, retailers and more.

Call us today at 212.867.6720 or visit our website for more information.

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