The Ever-Expanding Town Residential and New York’s Expanding Market

In an article by Daniel Geiger from Crain’s New York, he writes about the Town Residential brokerage firm. The company had opened up its 10th location in 2013. The ever-expanding real estate development group opened up its first location in 2010.

The location is along the Hudson River, and it has close access to Central Park. This area has been an important area for investors, who have recently been developing along this region with such properties as high-rise condos, or commercial space for artists. Town Residential has leased an entire floor of W. 14th St, and it has leased the location for fifteen years. The location also has a great access to the High Line, so it is an accessible access point for brokers who want to show properties, but who also want to be appealing to the time it takes to these properties.  The Chief Executive, Andrew Heiberger hopes that the location will also have its own distinct personal flair that he would like to be known for in New York.

Along with the location in the West Side, it also opened a location in Greenwich Village. Both locations have been opened to expand the locations in which Town Residential can expand its presence on the expanding New York City real estate market.

They have a partnership with a real estate development firm called Joseph Sitt’s Thor Equities, who are also the landlords to Town Residential’s W.14th street location. Also, Crain’s New York named Town Residential as one of the Top 50 Places to Work in New York City. In 2013, Town Residential purchased Thomas & Ingram, which helped Town Residential boost its presence in the West Village, because that is where Thomas & Ingram had its main focus on sales.

Andrew Heiberger is also the founder of Citi Habitats, which is a brokerage firm that has a focus on rentals, but he sold it to NRT, which is the largest brokerage firm in the United States.