Manhattan, New York remains a top choice for global investors seeking a safe and stable property market. This appeal stems from factors like limited supply, high global demand and consistent value appreciation. This New York property market outlook explores the trends impacting the prized Manhattan market.
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Hotel branded condos in Manhattan represent a niche segment as there is only a handful, from hotel brands like Four Seasons, Mandarin Oriental, Ritz Carlton and Aman. This article serves to analyze the nuances and evaluate whether a hotel branded condo is a good investment.
Read the full article here: Hotel Branded Condos in Manhattan: A Good Investment?
Some things to keep in mind when buying investment property in Manhattan to rent out.
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Represented foreign buyer client in negotiating this prewar 1-bedroom at West Village‘s premier building, 299 West 12 St. Notice the amazing views, fireplace and beamed prewar ceiling. Being rented at $8,200 per month, top end for a 1 bedroom.
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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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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
