Buying car park with Manhattan condos

Buying a car park with a Manhattan condo is not necessary. Very few condo buildings in Manhattan have privately-owned car parks that a condo owner can buy. The select handful of high end new developments with car parks for sale price these spots between $300,000 to $500,000.

Here are factors to consider when deciding whether you really need to buy a car park: Buying car park with Manhattan condos

September 2022 Manhattan Property Market Update

Key points for the September 2022 Manhattan Property Market Update:

1. Inflation at 8.3% and mortgage rates continue to increase
2. Buyer’s market
3. Record high rental market

Read full article here: September 2022 Manhattan Property Market Update

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Maintenance fees with a Manhattan condo

What are maintenance fees with a Manhattan, New York condo and what is reasonable? With Manhattan condos, maintenance fees are known as common charges. When buying a condo, the monthly outflows are common charges and property taxes (collectively known as carrying cost).

Read full article here: Maintenance fees with a Manhattan condo

New Property Projects in Manhattan

New property projects in Manhattan are being marketed globally to foreign buyers looking to diversify their portfolio.  Foreign clients are overloaded with information of Manhattan new property projects on multiple fronts.  This makes the decision process confusing for the investor.  It is important to understand all before investing in new property projects, as property is not a liquid asset.

Read full article here: New Property Projects in Manhattan

August 2022 Manhattan Property Market Update

The key points for the August 2022 Manhattan Property Market Update:

1) Record rents
2) Slow summer months
3) Activity may be picking up

Read full article here: August 2022 Manhattan Property Market Update

Leyton 19A. Just closed. New development. Clients booked unit while property in construction, and waited for closing. Negotiated one of the largest price discounts/concessions ever for my buyer clients. They just moved in recently.

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