Creating a sense of exclusivity and prestige is essential in the high-end real estate property market. One way to achieve this is through a well-chosen property name that conveys the grandeur and sophistication that buyers or renters expect.
If a building is located on a prime address or cross street, it can be advantageous to include that information in the property name. For example, buildings on Fifth Avenue or Park Avenue in New York City are instantly recognizable, and their addresses should be included in their names.
However, if a building does not have a prime address or cross street, a memorable name increases brand recognition and helps marketing efforts.
Ultimately, a well-chosen property name can create a sense of exclusivity and community among residents, which is priceless in the luxury real estate world.