Showing posts with label new condo. Show all posts
Showing posts with label new condo. Show all posts

Tuesday, June 11, 2019

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:

Tuesday, March 4, 2014

New York's new condo market

The current wave of new condos in Manhattan is commanding premium prices.  According to The Real Deal's article Ranking The Hot New Condos, 47 percent of condos launched within the past 12 months have asking prices of above $3,000 per sqft.  Most are focused on larger 2-5 bedroom residences.