To Compete, Apartment Buildings Offer a Wide Range of Services

Written By David Dam | February 22, 2017 | Published in Real Estate Market Trends
2017%2f02%2f22%2f03%2f46%2f23%2fa3bddc57 82c6 4d33 864b 214a3995b24b%2frooftop pool nyc

There’s no doubt that the slowdown in apartment price increases in New York City has created ample opportunities for buyers and renters alike. With even more residential units expected to hit the market later this year, landlord concessions may only increase, giving buyers and renters even sweeter deals.

While those looking for a new home may strongly consider the price and location of potential apartments, the amenities that come with the apartment building may seal the deal. Over the past several years apartment buildings have attempted to cater to a wide variety of potential buyers and renters by offering massive, unique amenity spaces such as bowling alleys, spas, swimming pools, and state-of-the-art fitness centers. More recently, more pet-friendly apartments are hitting the market. And newer construction offers even more, such as the adult treehouse and stargazing observatory of One Manhattan Square.

However, it’s been said that apartment buildings could start focusing more on building-wide programming that appeals to the lifestyle of its residents, which would be especially popular with millennials. For example, there’s yoga night and Monday Night Football at 1 North Fourth Street in Williamsburg, not to mention celebrations such as National Cookie Day.

It would be interesting to see whether building-wide programming grows in popularity. Holding such events would cut down on the costs of keeping amenities in top-notch condition. In addition, it now allows older apartment buildings to compete in this realm of building services. Older buildings cannot easily build a swimming pool or add on square feet of amenity space, but planning yoga nights and celebrating National Cookie Day seem like great options.


Mentioned neighborhoods


Blog Archive


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2021 REBNY Listing Service, Inc. All rights reserved. RLS IDX Data display by Elegran LLC. IDX information is provided exclusively for consumers’ personal, non- commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Elegran LLC may or may not be the exclusive listing agent of the properties being displayed on All data displayed on is presented for informational purposes only and should be independently confirmed by all customers. All Information is compiled from both public and private sources including, but not limited to the RLS, MLS and ACRIS; each of which is assumed to be reliable. All information displayed is subject to errors and omissions regarding apartment specifications and final sale prices, and further, any unit listed may have had its listing withdrawn without notice subsequent to such information being compiled. No representation is made as to the accuracy of any description (ie: listing, close sale data, and/or building description) of any building or individual unit. All measurements and square footage are approximate and all information herein should be confirmed by customer and/or their attorney. Elegran LLC, its members, affiliates, and contributors adhere to New Your City, New York State, and United States Fair Housing Laws.