Hunting for 2 bedroom apartments in Tribeca and Financial District

 

#ThrowbackThursday Hunting for 2 bedroom apartments in Tribeca and Financial District with friend and client See Chan at Open House NYC.

Visit our website: castle-avenue.com

How NYC property tax bill is calculated

Your property tax bill shows your current and past due property tax charges, exemptions, abatements, credits and general information about how your property tax is calculated.

Here are guidelines on how the NYC Class 2 property tax bill is calculated: How NYC property tax bill is calculated

Co-op versus Condo in Manhattan

A comparison between a co-op versus condo in Manhattan property in terms of board approval process, flexibility in renting out, global demand, average price, average price per square foot, and percentage of inventory.

Read full article here: Co-op versus Condo in Manhattan

Rising 30 year mortgage rate driving Manhattan property sales volume

Manhattan real estate agent Wei Min Tan provides a 2-minute overview on the historical trend of the 30 year fixed mortgage rate, and how it affects the Manhattan property sales volume.
The latest data shows that the 30 year fixed mortgage rate from the third week of January 2022 was at 3.56 percent.  Rates have been going up because of inflation.  This is one reason why investors are coming into the market, to take advantage of still historically low rates because the 30-year fixed mortgage is a great product.
Read full article here: Rising 30 year mortgage rate driving Manhattan property sales volume

Average Manhattan, New York Apartment Rents

 
The average Manhattan, New York apartment rent as of January of 2022 was $2,811 for a studio, $3,707 for a 1-bedroom apartment, $5,467 for a 2-bedroom apartment, and $9,121 for a 3-bedroom apartment.

Read full article here: Average Manhattan, New York Apartment Rents

Average Manhattan, New York Apartment Prices

2021 Average Manhattan, New York Apartment Prices (Condo)

The average sale price for a condo ranges from $908,991 for a studio apartment to $9,846,869 for 4+ bedroom apartments.  Meanwhile, the average price per square foot ranges from $1,138 for a studio to $2,738 for 4+ bedroom apartments.

2021 Average Manhattan, New York Apartment Prices (Co-Op)

The average price per square foot for a co-op is roughly 50 percent lower than that of a condo.  Average sale price for a co-op  ranges from $553,734 for a studio to $5,109,433 for a 4+ bedroom apartment.  The average price square foot ranges from $852 to $1,596.

Read full article here: Average Manhattan, New York Apartment Prices

March 2022 Manhattan Property Market Update

 

Wei Min Tan discusses Manhattan active supply, new active listings, new contracts signed, and percentage change in market pulse as part of the March 2022 Manhattan Property Market Update.

Read full article here: March 2022 Manhattan Property Market Update

Property Investment in New York

 

Property investment in New York, specifically in Manhattan, is a prudent decision taken by successful individuals as part of their portfolio planning. For foreigners, investing in New York property is seen as a safe haven for assets because of the limited supply and high demand coming from people who live here and investors from all over the world.

Read full article here: Property Investment in New York

 

Previewing for client at one of NYC's hottest new projects.

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