Friday, May 1, 2015

Luxury one bedroom investment at The Harrison 205 W 76 St

Apartment 603 is an elegant, over-sized one bedroom on the 6th floor with quiet, north exposure in the Upper West Side's most desirable building, the Robert A.M Stern-designed, Harrison. 

Price:  $1.65m
Size 826 sf, common charge $994, tax $426
Rent:  $5,000
Annual rental return:  2.6%
Annual appreciation:  10%
Return on investment with 50% downpayment:  21%

Saturday, March 14, 2015

Bad Idea To Buy At Overseas Property Shows

Buyers of property in top markets like New York, London, Paris, Sydney come from all over the world.  As people get more financially savvy and outlook becomes more global, they no longer limit potential investment to within their home country.  

As such, developers are marketing their property abroad to potential foreign buyers.  One of the most common ways is through property shows held at foreign countries.  For the foreign buyer, here are 5 reasons why buying overseas property at these property shows is a bad idea.

Tuesday, February 24, 2015

Interview with El Financiero Bloomberg TV on foreign buyers investing in New York

Had the pleasure of speaking to Karla Palomo of Bloomberg for the Mexico/Latin America Bloomberg TV on foreigners investing in New York property.

Thursday, January 8, 2015

Why Billionaires Are Investing In New York Apartments

Two days ago, I created a chart showing the investment performance of New York apartments vs key stock indices.  Business Insider picked it up, had an article about it and called it, "One Chart Explains Why Billionaires Are Investing In New York Apartments."

Yes, you'll have to click on the link to read the chart and article.

Sunday, January 4, 2015

2015 is Year Of The Condo

New York Times calls 2015 The Year of the Condo as twice as many new condominium units are expected to hit the market.  This gives buyers more choices and some pricing relief as competition among developers increases.

Thursday, January 1, 2015

CNBC interview

My most memorable interview of 2014. Barely made it, had to run from Lexington to Fifth Ave because roads closed for Obama. Heart rate still up during the segment.

Friday, December 26, 2014

Interviewed by SCMP in Chinese Investors Target Property Assets Abroad

Chinese investors target property assets abroad
Trend in Chinese buying overseas property growing amid slump in domestic market, with investment in real estate soaring to US$15 billion

Peggy Sito

Some years after buying a flat in Guangzhou, mainlander Moon Wong made his first overseas investment this year, paying A$700,000 (HK$4.4 million) for a 900 square foot apartment in Sydney.
"There's a growing trend among mainland individuals buying overseas properties. I am only following the trend," said Wong, who works for a property agency in Guangzhou.