Manhattan, New York real estate, one of the world's best investments. Buying the right condo, renting out to tenants and eventually selling. By Weimin Tan, top Manhattan agent with media interviews by CNBC, CNN, New York Times, WSJ. Ex-Citibanker, originally from Malaysia, Manhattan resident since 1999, fitness enthusiast. tan@castle-avenue.com
Graph above shows Manhattan New York's property price trend from 1997 through 2010. Average price per square foot was $328 in 1997 and appreciates to $1058 in 4Q 2010. This equates to an average annual appreciation of about 10%.
