The Law Office of Michael J. Brescia, P.C. Articles Luxury Condos Are Going Fast at One Long Island City Location

Luxury Condos Are Going Fast at One Long Island City Location

By The Law Office of Michael J. Brescia, P.C.  Jun. 3, 2013 2:34p

A new property in Long Island with luxury condominiums for sale is having no trouble filling the units. The property offers high-end studio, one bedroom and two bedroom condos starting at $430,000. Penthouse units are selling in excess of $1 million dollars. Although the building is not on waterfront property, the brick building with its luxury units, 27 in all, are in high demand. The condos have been for sale for only two weeks but half of the units are already sold. Some have sold for up to $60,000 over asking price and developers have already requested nearly 10 price increases from the state Attorney General in order to maximize on the demand. A line of over a dozen prospective buyers was waiting in the lobby recently to be shown the units; one man reportedly skipped the line and began aggressively searching the building on his own despite an agent's request that he wait his turn. The building boasts of modern, open floor plans and people are acting fast to grab a condo in an area without many comparable options. If you are looking to purchase property then you should speak with an estate planning lawyer skilled in real estate law.

Why get the help of a real estate transaction attorney?

Purchasing property is a big decision and can be a very exciting time in one's life as well. Whether you are a potential investor or looking to buy a condominium or house, you should consult with an attorney to ensure that your best interests are protected. It is crucial that all details of a real estate contract be carefully examined and assessed as far as how it will affect you now and in the future. Real estate transactions should not be viewed through a limited scope as far as the rest of the areas of your life or business are concerned. An experienced legal representative may be able to help you with your real estate goals.

An estate planning attorney on our seasoned team at the Law Offices of Michael Brescia has a thorough knowledge of real estate law, business law and estate law. This level of experience and competence works strongly in our clients' favor when it comes to making a transaction that meets their goals. Contact our firm today to schedule a time to meet with a lawyer at our offices in a free initial consultation. We are dedicated to helping our clients get the best outcome possible in a real estate transaction!

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