What’s cooking for 2014? Hell’s Kitchen among neighborhoods to watch
It was a year in residential real estate in New York City that saw plummeting inventory, record sales volume and the emergence of ultra-savvy buyers into the marketplace, who aren’t settling for anything less than spectacular. “People aren’t shelling out millions just to be somewhere,” said Robert Danker, president of Prime Manhattan Residential. “It’s a good push by the consumer, demanding well thought out, high-quality homes, which is what some of the better and more active developers are delivering, and really taking the time and spending effort not to just build something, but focus on the quality and utility of what they’re building. If you build it they will come — and it’s happening.”
