What do we look for when helping investor clients identify what's a good buy when selecting Manhattan, New York condos?
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Manhattan, New York real estate, one of the world's best investments. Buying the right condo, renting out to tenants and eventually selling. By Weimin Tan, top Manhattan agent with media interviews by CNBC, CNN, New York Times, WSJ. Ex-Citibanker, originally from Malaysia, Manhattan resident since 1999, fitness enthusiast. tan@castle-avenue.com
What do we look for when helping investor clients identify what's a good buy when selecting Manhattan, New York condos?
Visit our website to learn more: https://www.castle-avenue.com/
What are the top three reasons as to why a lot of Singaporean clients love investing in Manhattan, New York?
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Example of Investing in a Distinguished Pre-war Building
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We were in a buyer’s market from 2020 to 2024. But now the market is starting to turn. In Q4’2024, sales volume for Manhattan condos increased 14 percent compared to the same period a year ago. Meanwhile, rents are strong as they have been increasing with inflation.
Read the full article here: Property Investment in New York
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Manhattan property market update - The most recent Q4’2024 data from Miller Samuel shows average price per square foot for a Manhattan condo at $2,127. This is a 4 percent increase compared to prior quarter. Number of sales was at 1,131, a 14.4 percent increase from a year ago. Median sales price was at $1.665 million, or 0.5 percent higher than a year ago.
Read the full article here: Manhattan Property Market Update