Demand for 3-Bedroom Apartments is Changing New York Real Estate

New York City has seen a rise in demand for three bedroom apartments and condos. Until recently, even though three-bedroom units accounted for 42% of Brooklyn's third quarter sales, supply has been limited. Developers are taking advantage of this, bringing multiple new projects into play all over the city and focusing on apartments and condos suited for families with multiple children.

In Chelsae a new development has focused their efforts on two and three bedroom and is already 40% sold only a month after they went on the market. A 1913 building is being redone on the inside on the Upper East Side to allow for three to five bedroom apartments.

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POSTED October 17 2013 1:55 PM

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