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Newsday from New York, New York • 57

Publication:
Newsdayi
Location:
New York, New York
Issue Date:
Page:
57
Extracted Article Text (OCR)

r- i i j- PartUI Saturday 1 Jr v. Li wawi -v By Joe Catalano IRED OF MOWING the lawn on your lot in Levittown? Thinking of moving into a maintenance-free condominium? Want something a little more luxurious? If the answer to two or more of the Tagve questions isyes, then consider the penthouse atThe Tower at Montauk. Be- sidn having a 360-degree unobstructed' view, this eighth-floor condominium, sit-" uated atop the tallest building on the East End, comes completely furnished right down to the silverware and can be yours for just $800,000. Have slightly more to spend? Then' 'consider an Manhattan penthouse duplex at the building known as 60 East 88th Sheet. Here youll find Italian tile floors, imported kitchen cabinets and three separate ter-1 races, including one thats 26-by-15 feet The price: $1.5 million.

v. Okay, so admittedly you do have to pay a little extra fin: luxury. But there are more choices, since the number of plush condominiums co-ops to from, both on Long IsIstmI andin Manhattan, is increasing rapidly. So are the amenities being offered and their price tags. With concierges and doormen now commonplace, builders are turning, to media rooms, stock tickers and wine cellars to one-up the competition.

Just how big this luxury market is, isnt known precisely. But Hunt Sopher, chairman or the board for the Manhattan-based realty brokerage firm J.I. Soifoer and Co. thinks "its enor-. mous.

The demand for these apartments is unabated and stronger today then gix months ago. And that appetite isnt go-, ing to be satisfied by the 18,000 to 20,000 units going on the market Youd have to build 10,000 to 15,000 a year for the next 10 years to appease it Over the years, the luxury i remained virtually recession-proof be- Continued on Page 26 The dining room of a two-bedroom unit at North Shore Towers, and a directory of its array of services -v -V "ri r'- Housing New Suffolk Official Pushes for More County Power. Page 3 Living In Poquott: Revealing the Secrets of a Silent Partner. Page 5 I fw- ai i 3 I i.

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Pages Available:
2,783,803
Years Available:
1977-2024