Floor Plans the New Model Suite for Manhattan Condo Sales

If you are looking at a Condo in Manhattan for Sale it is only natural to assume you will have a physical visit to the condo in question. Whether you are looking at a model suite prior to buying or visiting the actual unit you will be purchasing, it seems logical to want to see the home before you put in an offer. Or is it? More and more people are buying up Manhattan condos without ever seeing the building or in many cases even the city of New York. Purchasing a condo in Manhattan for sale is seeing floor plans becoming the new model suite.


Luxury homes in New York City are in such high demand that buyers are more than willing to purchase their new homes sight unseen. Floor plans provide more than enough information for those who have been waiting for their chance to snatch up a Manhattan condo for sale. The real estate business has become a snap for developers who can sometimes even manage to sell units before they even break ground, so to speak. For buildings that are being remodelled or are in mid-build photographers will also take shots during construction to get the views the building has to offer as well.

Wealthy buyers are the driving force behind these purchases. According to Olshan Realty’s market report, since September 2014 an unbelievable 45 percent of sales were purchased with nothing more than a passing glance at floor plans provided by property management companies. Contracts for these units were signed for condos selling for more than $4 million, with more than enough anxious buyers ready, willing and able to purchase their Manhattan luxury condos without question based on nothing more than a floor plan that tells them where they will find their bedroom.

In 2013 from January to September 34 percent of sales were off floor plan. There was a 3 percent increase for the same period in 2014. An example of such sales includes a Greenwich Lane 3,977 square-foot condo that sold for $19.75 million and a 3,594-square-foot penthouse at 50 West for $10.55 million.

The beauty of buying sight unseen is that you can get your foot in the door for high demand condos and purchase them at a lower price. The more finished the building, the more expensive the units. With such strong builders and developers as well as designers and architects behind Manhattan condo projects it is easy to put faith in the plans and purchase with confidence the finished results will be worth the investment.