202 Broome Street, #7Q, New York, NY 10002

Large 1-bedroom, 1 bathroom home with a large walk-in-closet, a Miele washer and dryer and Western views of the building’s garden.

Apartment features a custom dining island, oversized windows, European oak flooring, Italian cabinetry by Moca, Dolomiti marble countertops, Miele refrigerator/freezer and dishwasher and a Miele gas cooktop with vented hood, oven, and speed oven. The bathroom is covered in Calacatta Lincoln marble, and features a custom floating vanity countertop in addition to polished nickel fixtures and radiant heated floors.

Rental Price: $6,200/month

View the listing here: 202 Broome Street, #7Q, New York, NY 10002

Generational Wealth Creation through Manhattan Property Investment

Manhattan real estate has long been considered a blue chip asset, offering investors the potential for safe and stable returns. But beyond this, Manhattan property investment can also be a powerful tool for building generational wealth. By investing in a tangible asset that appreciates over time, families can create a legacy that benefits future generations.

Read the full article here: Generational Wealth Creation through Manhattan Property Investment

Is now a good time to invest in Manhattan property?

In 2021 and early 2022, we were in a seller’s market. From mid-2022 to 2023, we saw interest rate hikes which resulted in doubling of mortgage rates. The good news is that the rate hikes have stopped. Mortgage rates even started decreasing slightly.

We are still in a buyer’s market. Buyers (especially those buying all-cash) have the advantage. Rental yields are high as rents are at record levels.

Read the full article here: Is now a good time to invest in Manhattan property?

Manhattan Condo Historical Price Trend

Median price in 2022 was $1.746 million, a new record surpassing even the 2017 level. In Q4’2023, median price dropped to $1.66 million because of increased mortgage rates.

Read the full article here: Manhattan Condo Historical Price Trend