New York Investment Property

New York investment property our investor clients buy are divided into condos (residential) and buildings (commercial or residential). 

Residential condos are popular especially amongst international / overseas buyers because of the simplicity of ownership.  Condo ownership requires minimal maintenance as the monthly common charges paid basically covers the required maintenance activities.  A tenant or renter who has issues while staying at a condo can easily call the building staff to fix the issue at hand, eg leaky toilet or ineffective heater.  Comparatively, if an investor owns a building, the investor needs to address issues like the roof, boiler, heater etc that may need repair.

Obviously there are advantages and disadvantages of owning a condo unit vs a building.  Here is a rough breakdown:

Condo:
Upside - ease of ownership, simple to understand
Downside - lower rate of return

Building:
Upside - higher rate of return
Downside - more management intensive, higher cost of entry

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View New York investment properties at Castle Avenue Partners.  We specialize in international and overseas clients interested in New York investment property.
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New York investment property