The Real Estate Blog
What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.
Articles about "Multibedroom apartments"
New Construction and Manhattan's School Shortage
March 28, 2012
It’s no secret that many parents and couples looking to have children have elected to stay in Manhattan rather than migrate out to the suburbs in recent years. While this is certainly good for the Manhattan apartment sales market and the New York City economy, the combination of this trend and many new apartments buildings designed for families has created an unintended consequence. Actually, it’s less unintended than unaccounted for: if New York City had adhered to its own formula regarding how many school seats should be built based on new housing units built, new schools would be popping up all over Manhattan’s fastest growing neighborhoods. Unfortunately, the city has been asleep at the wheel and failed to live up to their own standards. The implications for parents looking to purchase multi-bedroom luxury apartments in Manhattan are dire, especially if their children are elementary or middle school age.Read More