3 Strategies When Investing In New York Condos

The core of the Manhattan, New York residential condominium market for investment purposes lies in the $1 million to $4 million price point.  This segment represents the studio to 3 bedroom sizes which are most in demand.  Anything larger than a 3 bedroom in Manhattan is a mansion by our standards.  Here are three strategies we use when recommending investment buys to our clients.

http://castle-avenue.com/New-York-property-investing-strategies.html

Manhattan property 2016 outlook on Sino Vision's Living In NY

Interviewed about the 2016 Manhattan property outlook by Sino Vision's Living in NY TV show.  


Wei Min Tan is a property broker focusing on Manhattan, New York luxury condominiums and foreign buyers.   He is often interviewed by the media including CNN, The New York Times and The Wall Street Journal on the subject of foreign buyers of Manhattan property.  Wei Min can be reached at +1.212.380.6134, tan@castle-avenue.com

Manhattan condominiums outperformed in 2015

By Wei Min Tan

​Jan 7, 2016

Global investors who have already invested in a Manhattan, New York condominium have reason to be cheerful.  In 2015, Manhattan condo apartments far outperformed major global indices.

The New New York Skyline

Good visual of new Manhattan buildings being built, in National Geographic article, The New New York Skyline.

New Property Projects in Manhattan 2015

111 Murray in Tribeca

111 Murray is Tribeca's new super tower, expected completion 2018.  Designed by Kohn Pedersen Fox, 111 Murray rises to 800 feet and 64 stories, culminating with a distinctive crown at the top.  It is located one block from the World Trade Center and across from Goldman Sachs.

One bedrooms start at $2 million and 2 bedrooms between $4.5m to $5m.

Website:  111 Murray

Manhattan Q3 2015 Property Market Update

Overall Q3 Market

Limited inventory not meeting demand is putting upward pressure on prices.  

Number of sales, from pent-up demand since the financial crisis, increased 9.8% compared to a year ago.  A robust local economy, weaker US dollar and global economic uncertainty all played a role in shaping the Q3 market.

Billionaire's Row Super Luxury Residential Towers

The construction of ultra luxury property along Manhattan's Billionaire's Row, as discussed with CNBC's Brian Sullivan on Talking Numbers, is happening now.  

The super high end buildings include 432 Park Avenue, Nordstrom Tower, 220 Central Park South and 111 West 57 Street.  The skyscape of 57th Street will be quite different a year from today.