One in Four New Luxury Apartments in Manhattan Are Unsold

Summary of the New York Times article that reports one in four luxury new apartments in Manhattan are unsold.  This amounts to about 4,000 units out of the 16,000 new condo units built since 2013.  The major oversupply areas are Billionaire's Row and Hudson Yards.

Property investment in New York

Property investment in New York is a recent article I wrote about why New York is the #1 ranked city globally for foreign investment.  The article references the Wealth Report and summarizes price points of different apartment sizes in New York, the pricing correction of 2017 to 2019, where to find property listings and why New York is good for investor buyers.

Rules for foreigners buying New York property

Rules for foreigners investing in New York property summarizes the key points for potential foreign investors.  

Points covered include FIRPTA withholding tax, whether there is extra stamp duty and estate tax.  A great overview before doing the deep dive.