Buying new property launches in Manhattan, pros and cons

My article about the pros and cons of buying new property launches in Manhattan. Includes examples of our clients' deals.

Read article:  Pros and Cons of New Property Launches in Manhattan

Best New York property agents

Bio overview in pictures on my experience and life as a New York property agent focusing on investors.

Read article:  Best New York property agents

Buying New Condo in Manhattan, Tips for the Foreign Buyer

Buying new condos in Manhattan is a strategy that many of our foreign clients pursue.  The objectives are either for rental return or for use as vacation home.   By the time a foreign investor client reaches out to me, he would have researched extensively online and have a strong understanding of the Manhattan market.

In addition, the client would have read a lot of my articles on the subject of investing in Manhattan condos.  Still, there are many questions.  Understandably, buying a condo in a different country is a major undertaking.

Here are some tips for foreign investors:

Read article:  Buying New Condo in Manhattan

Manhattan luxury freehold condo close to MRT, $1.83 million

Manhattan freehold condo with high rental return and close to MRT, United Nations, Citigroup Center, Blackstone, Blackrock headquarters.

Property:  959 First Avenue, Apt 23E, New York, NY 10022 (Condominium)

Price:  $1,830,000

Common charges:  $1,400

Property taxes:  $160

Rental return:  At rent of $6,000 per month, rental return of 2.9 percent based on asking price.  This is very high by Manhattan standards.

Size:  907 square feet

Learn more:  Manhattan freehold condo close to MRT, $1.83 million

Foreigners buying Manhattan property, the questions that matter

Here are the top 8 questions foreign clients ask when thinking about buying property in Manhattan.

#1:  Can a foreigner buy property in New York?

#2:  What type of property can a foreigner buy in New York?

Read the full article:  

Foreigner Buying Property in New York, 8 Questions That Matter