Best Areas to Invest in Manhattan

What is the best area to invest in property in Manhattan? This is perhaps the most common question we get from buyer clients.  Answer is, going back to my Finance class from 20+ years ago, It Depends. There is no best area per se as it depends on the buyer’s objectives and long term goals. Objectives include price point, holding period and whether the buyer intends to rent it out or hold as a vacation home.

Read full article here: Best Areas to Invest in Manhattan

Media Appearances, Interviews and Written Articles.

View more of my media appearances, interviews and written articles here: Wei Min on CNN, CNBC, Wall Street Journal

Here's another great feedback from a client of ours!

Visit our website: https://www.castle-avenue.com

June 2022 Manhattan Property Market Update

The key points for the June 2022 Manhattan Property Market Update are:

1. Inflation at 8.3 percent, investors looking to real estate as a hedge
2. Supply increasing but still a seller’s market
3. Rents going up

Read full article here: June 2022 Manhattan Property Market Update

New Launch Condo Projects in Manhattan

Buying new launch condo projects in Manhattan, New York 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 launch condo projects are higher than resale condos but the new launch condo strategy is very viable.

Search the entire Manhattan new launch condo inventory via the database here: New Launch Condo Projects in Manhattan

Manhattan Luxury Flat Prices

Manhattan, New York luxury flat prices generally range from $2,000 per sqft to $4,000 per sqft. Ultra luxury flats is defined as anything $4,000 and above, while non-luxury can be as low as $1,200 per sqft. The most recent Manhattan quarterly price data reported overall market average price per sqft at $1,900.

Read full article here: Manhattan Luxury Flat Prices

Got a chance last year to be featured on Cheddar TV to talk on how a buyer can protect against a lower appraisal amount by using a mortgage contingency.

View my media appearances here: https://www.castle-avenue.com/media.html