The rental market suffered a lot as a result of Covid – prices were down 25 percent, inventory was up 3x and vacancy rate was up 5x.
Investing in Manhattan property has been challenging because of that but we still managed to let out an investor client’s condo in one week. To be able to do that, here are the three key attributes that we evaluate when choosing a good property investment for clients – the location, the building and the apartment within the building.
Read full article here: How to select the right investment condo in Manhattan for letting out
About:
Wei Min Tan is a Manhattan, New York property broker focusing on global investors of Manhattan condominiums. Wei Min has been interviewed by CNBC, CNN, Wall Street Journal and New York Times on the Manhattan property market. Wei Min can be reached at tan@castle-avenue.com
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