Are you buying or owning a condo in Manhattan as a vacation home? There’s a lot of confusion surrounding the NYC Pied-à-Terre Tax—specifically regarding actual market value vs. Department of Finance (DOF) market value.
In this video, Manhattan real estate broker Wei Min Tan breaks down how the Pied-à-Terre tax criteria work, how the DOF market value differs from the real market value, and where to look on your property tax bill to see if your property is affected.
Every year, Manhattan launches a new crop of luxury condominiums. But “new” doesn’t necessarily mean “good.” When I evaluate new development for my clients, I am less interested in the newest finishes or the longest amenity list. I want to know whether buyers will still want the building 10 or 20 years from now.
With that in mind, here are five of the best new lifestyle-driven luxury condos redefining Manhattan’s skyline today: Five Lifestyle-Driven Luxury Condos Redefining Manhattan’s Skyline
Manhattan is one of the most expensive residential markets in the world. But even within Manhattan, prices vary dramatically from one neighborhood to another.
Based on recent sales data and the underlying quality of their housing stock, these are the neighborhoods at the top of Manhattan’s residential market: The Most Expensive Neighborhoods in Manhattan
When people outside New York think about Manhattan luxury real estate, they often think about Billionaires’ Row: glass towers, $30 million penthouses and apartments that may sit empty for much of the year. But that isn’t necessarily where New Yorkers themselves choose to live.
Here are five Manhattan condominiums that, in my view, combine serious luxury with something equally important - a neighborhood New Yorkers actually want to live in: Top 5 Manhattan Condos Where Real New Yorkers Actually Live
For wealthy families, investing is not only about maximizing returns. It is also about preserving purchasing power, diversifying risk, and transferring wealth across generations. That is why prime real estate has long been a core holding for family wealth.
Full article here: Why Prime Real Estate Is a Core Holding for Family Wealth
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Manhattan’s rental market remained exceptionally strong in July, with rents rising sharply while available inventory continued to contract.
Read the full article here: Manhattan Rental Market Update for Investors
Is now a good time to invest in Manhattan, New York residential property? I am optimistic Manhattan is starting an upward price trend again. After almost a decade of going sideways.
Mortgage rates are still high but the trajectory is decreasing in the future which will bring back buyers needing financing. Rental yield can now exceed 3 percent, which is high for Manhattan.
Read the full article here: Is now a good time to invest in Manhattan, New York residential property?
