The best type of investment property in Manhattan, New York for price point under $5 million is usually a residential condominium. Condos appreciate steadily, require minimal management and get high credit quality tenants. From an appreciation perspective, the price of a residential condominium is driven by (i) primary residence buyers who are buying to live in, and (ii) investors.
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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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