Town Residential Opens its 10th Outpost in Manhattan

The real estate market in New York City is one of the most competitive real estate markets in the world. While there is a significant amount of demand for real estate in the city, those that are in the brokerage, sales, leasing, and management industry will find that they have to compete with dozens of firms that have decades of experience and track record. While it is normally a challenge for a new firm to grow in the city, one boutique firm in Manhattan has continued to grow in the most impressive areas and neighborhoods of the city.


While Town Residential is still a very young firm in comparison to the rest of the real estate market, it has continued to grow. In September of 2013 the firm ended up opening its 10th location in the New York City area when it opened up a 7,000 square foot space in the meatpacking district of Manhattan. This was the third major profile location that the company opened up in the same year.


Each area of expansion for the firm has been very strategic and has helped the firm to develop a footprint in a certain area of the city. The newest office will help to expand the footprint that the company has on the west side of the city. The new space will offer an urban feel, which will be ideal for brokers that are looking to cater their services to developers of similar projects.


While Town Residential offers a wide range of services, including brokerage, leasing, and sales services to real estate investors and developers, the company is also well known for having the best and most current information about the city’s real estate market. The company is best known for putting out a regular newsletter that discusses the most recent trends in the city’s real estate market, including new projects that are coming online, new proposals to the zoning board, and even hard data regarding sales prices and occupancy rates.

Omar Boraie Revolutionize the Real Estate Industry

Boraie Development LLC was founded by Omar Boraie, an entrepreneur in real estate based in New Brunswick, New Jersey. Boraie is an Egyptian immigrant who arrived in New Brunswick over 40 years ago to study for his Ph.D. in Chemistry, before diversifying to real estate. He has constructed a New York City-style tower along One Spring Street downtown, with magnificent apartments.

The architect on that worked on it is the famous Costas Kondylis & Partners. He is well known for establishing great structures in New York City, and particularly the Donald Trump structures.

In 1985, Omar Boraie built a two-tower commercial building at 120 Albany Street near the corner of Spring Street, and “it was still sort of a gamble,” he said. Only the enduring presence of the pharmaceutical giant Johnson & Johnson, whose headquarters are across Albany Street, allowed him to make the leap of faith, Mr. Boraie said.

Boraie Development Ventures in New Territories

Mr. Boraei started his construction business when the New Brunswick was devoid of tower building on Today, he can stand at a window in the hallway of 120-Albany Street and view an array of commercial buildings he owns and monitor the progress of the 25-storey residential building under construction.

The apartments will carry 120 one bed roomed, two bed roomed and three bed roomed units with full balconies and floor-t-ceiling windows.

The apartment tower will house a fitness center, glass enclosed swimming pool, community garden, 7-storey garage with 425 parking lots and a roof garden.

Read more: Explainer: How Downtown New Brunswick Has Emerged from Its Doldrums

Boraie Provides Low-Cost Housing Alternatives

A state court made a decision on the lack of affordable housing in Mount Laurel town on Alternatively, they can trade the obligation for monetary contributions towards state fund that will enable subsidized housing rates.

Boraie Development was the first to adhere to this directive by taking up underutilized or neglected parcels of land along Albany Street and turning them into high-class structures.

Future Plans

Since opening the first Albany Streets class office space structure in 1988, Boraie has never looked back. In 2003, the Albany Street Plaza Tower was unveiled followed by the One Spring Street condominium in 2007.

Within the next 12 to 18 months, Boraie is planning to break grounds for the third commercial site, next to the train station, along Albany Street. He’s keen on attracting biological science and innovative tech firms that can take advantage of the proximity to Rutgers.

How Davos CAP Calculator Transforms the Lives of Many Investors

How Davos CAP Calculator Will transform the Lives of Many Investors
According to an official statement to its clients, Davos Real Estate Company is pleased to announce the launching of its new mobile app called Davos CAP Calculator. The role of the app is to estimate customers’ income on real estate investment.

Davos Real Estate Company is among the independent firms that form Davos Financial Group. For more than 20 years, Davos Financial Group serves as an international financial group and leader in the American Latino market. The role of this financial group is to provide comprehensive financial advice. Its primary objective is to formulate an investment plan that can meet the expectations and needs of every customer.

Over the past few months, Gerard Gonzalez, Davos Real Estate’s Managing Director, collaborates with Tecknolution Company in designing and developing Davos CAP Calculator to enable clients to estimate the income of an investment property. Notably, the new app considers all the expenses linked to the property to achieve the best results.

Interestingly, Davos CAP Calculator is designed and developed using the modern technology platforms. In fact, you can access the app using your Android or iPhone.  With Davos CAP Calculator app, clients can forward real estate reports to Davos’ agents via an interactive chat.

When asked about the origin of the app, David Osio pointed out that the need to develop a mobile app came after realizing that clients needed financial guidelines when making investments in real estates.
In addition to David Osio’s Comment, Gerard González noted that that the app serves as an innovative tool that enables investors to have a clearer financial vision when they are buying assets. With the newly launched Davos CAP Calculator, clients can approximate the price of a lease that suits their projected revenue.

About David Osio

David Osio is the founder and Chief Executive Officer of Davos Financial Group. As a real estate developer, David Osio has a clear comprehension of financial practices across different sectors. David Osio holds a law degree from Catholic University Andres Bello in Venezuela. The university has a track record of success in the subject of Finance and Banking. Before his way up as the Director of MGO, a law company in Caracas, David Osio would offer legal advice to many corporate clients.

Follow Osio on LinkedIn and @davidosio1

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