Manhattan Real Estate: Good Value vs. Top Global Cities

Manhattan Real Estate: Good Value vs. Top Global Cities

My article on TheStreet.com, 6/23/10. Manhattan, the world's financial capital and #1 ranked real estate market, is only ranked 10th in terms of property prices.  Factoring in the good rental yield makes Manhattan a value buy vs top global cities.

Youtube video:  New York apartment - Value Buy

The Difference

Manhattan, New York property agent - investment from Weimin Tan on Vimeo.

Manhattan Townhouse Renovations - 4 design strategies

Manhattan Townhouse Renovations - Classic Architecture, Contemporary Design
By: Darren China, R.A.

Manhattan townhouses exude a charm that other dwellings just cannot compare with. These four to six story structures built in the late 19^th and early 20^th century afford privacy hard to come by in New York City.  They typically include an eat-in kitchen, private back yard often with a garden, large living spaces and a classic décor inclusive of a beautiful stairway, inlayed wood floors, crown moldings and multiple marble mantled fire places. Unfortunately time has often taken its toll on these beautiful buildings.

Mortgage rate historical lows

Mortgage rate at historical lows since tracking started 36 years ago.  Currently at 4.85% for 30 year fixed.

NYC area sales + 39%

Told you the bottom was over.  For Manhattan, it was in Q4 2009.  WSJ: Strong Market Pumps Up Home Sales

Silverstein on WTC

Silverstein on WTC 2.0 - CNBC.com

Silvestein talks about development of the WTC site.

I'll Take Fifth Avenue, Too

I'll take Fifth Avenue, Too.
Article as published in Thestreet.com 5/21/10

Take advantage of the recession, and snap up a Fifth Avenue apartment in New York. That's a common goal among many of our high net-worth clients, especially during the past year. So what is Fifth Avenue and why is it so coveted?