Manhattan Luxury Property Market, What Does It Mean?

Generally, a luxury building will have full service staff, very nice finishings and amenities including fitness center, residents’ lounge, roof deck, even a pool. Most of the buildings built after 2006 are luxury because developers needed to sell a higher priced product to cover the higher development costs. Most of our clients invest in luxury buildings. When renting out, the amenities are wow factors to attract tenants.

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Buying New Property In Manhattan, The Strategy

Buying new condominium property in Manhattan is a strategy we focus on with investor clients from all over the world who are seeking Manhattan property as a form of asset diversification. Since Manhattan is land-locked, the supply of new launch property is small relative to overall property inventory. Prices of new property are higher than resale property but the new property strategy is very viable.

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Parents buying apartment for child attending Columbia University / NYU

Parents buying an apartment for a child attending Columbia University or New York University (NYU) is a strategic play that many of our clients do. Indeed, the cost of sending a child to one of these prestigious New York universities is already very high. To buy a condo apartment dramatically increases the cost. Why do it?

Here is how we analyze the situation of whether to buy a condo for the student attending college: Parents buying apartment for child attending Columbia University / NYU

How to Invest in Manhattan Property

How to invest in Manhattan property as a foreigner is a niche segment. Manhattan, New York, is the world’s top investment property destination for investors looking to diversity their assets. In this article, we summarize key points on how to invest in Manhattan property. This covers whether it’s possible for foreigners to invest in Manhattan, how to view property for sale, property prices and investing in new development vs resale apartments.

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Maximizing rental cashflow

Our clients see Manhattan property as a good means of asset diversification and as a hedge against economic volatility and currency fluctuations. This graph is an example of how an investor client’s rental income has increased over the years.

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Rental contracts with Manhattan condos

How are rental contracts like with Manhattan apartments? This is a common question from investor clients intending to rent out their investment condos.

Here are the key points: Rental contracts with Manhattan condos

Managing Investment Property In New York

Our main objective when managing investment property in New York for our investor clients is to have the apartment rented out as soon as possible, for the best rent possible, to a highly qualified tenant. And from there, manage the tenant relationship so that both landlord and tenant are happy.

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