Investing in Manhattan real estate using 1031 Exchange strategy

Manhattan real estate is viewed as an investment safe haven, and investors usually try to maximize tax efficiency when buying and selling. One way seasoned investors deal with taxes at time of sale is via a 1031 Exchange strategy.

The 1031 Exchange tax code allows investors to sell one property and reinvest the proceeds in another “like-kind” property without incurring capital gains taxes at the time of sale.

Read the full article here: Investing in Manhattan real estate using 1031 Exchange strategy

Is now a good time to invest in Manhattan, New York residential property?

Mortgage rates are still high, but the trajectory is decreasing in the future, which will bring back buyers needing financing.

The stock market is at record levels despite prior concerns about the impact of tariffs. Inflation was at 2.67 percent as of June 2025. We are expecting reduced regulation in finance and banking. These are all positive for the Manhattan property market.

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

Property investment in New York

We were in a buyer’s market from 2020 to 2024. But now the market is neutral, with low supply and buyers constrained with high mortgage rates.

Trump is expected to deregulate the banking and finance sector which would increase investment banking and private equity deal flows. Also, we expect interest rates to decrease further from the lowered inflation environment. All these are factors that should positively impact the Manhattan property market.

Read the full article here: Property investment in New York

Investing in Manhattan condo with tenant in place for immediate cashflow

On some of our deals when representing Manhattan condo investors, the investor client buys a condo with a tenant already in place. This provides immediate cash flow and there is no vacancy period associated with marketing the apartment for rent. Buying with a tenant in place requires extra due diligence.

Read the full article here: Investing in Manhattan condo with tenant in place for immediate cashflow

Manhattan Property Market Update

The most recent Q2’2025 data from Miller Samuel shows average price per square foot for a Manhattan condo at $2,045. This is a 3.2 percent increase compared to prior year. Number of sales was at 1,419, a 23.2 percent increase from a year ago. Median sales price was at $1.667 million, or 3.8 percent lower than a year ago.

Read the full article here: Manhattan Property Market Update

Top 5 Mistakes To Avoid When Investing In New York Property

Whenever I meet a new buyer client, especially a foreigner wanting to buy an apartment in Manhattan for rental income, the client often has certain pre-conceived ideas. This is understandable because it is impossible to understand a market from researching on Google from a few thousand miles away. Not necessarily good or bad, but without proper advise, this can be a costly mistake.


The pre-conceived ideas can be found here:
Top 5 Mistakes To Avoid When Investing In New York Property

Manhattan Luxury Property Market, What Does It Mean?

Generally, a luxury building will have full service staff, very nice finishings and amenities including fitness center, residents’ lounge, roof deck, even a pool. Most of the buildings built after 2006 are luxury because developers needed to sell a higher priced product to cover the higher development costs. Most of our clients invest in luxury buildings. When renting out, the amenities are wow factors to attract tenants.

Read the full article here: Manhattan Luxury Property Market, What Does It Mean?

Buying New Property In Manhattan, The Strategy

Buying new condominium property in Manhattan is a strategy we focus on with investor clients from all over the world who are seeking Manhattan property as a form of asset diversification. Since Manhattan is land-locked, the supply of new launch property is small relative to overall property inventory. Prices of new property are higher than resale property but the new property strategy is very viable.

Read the full article here: Buying New Property In Manhattan, The Strategy

Parents buying apartment for child attending Columbia University / NYU

Parents buying an apartment for a child attending Columbia University or New York University (NYU) is a strategic play that many of our clients do. Indeed, the cost of sending a child to one of these prestigious New York universities is already very high. To buy a condo apartment dramatically increases the cost. Why do it?

Here is how we analyze the situation of whether to buy a condo for the student attending college: Parents buying apartment for child attending Columbia University / NYU

How to Invest in Manhattan Property

How to invest in Manhattan property as a foreigner is a niche segment. Manhattan, New York, is the world’s top investment property destination for investors looking to diversity their assets. In this article, we summarize key points on how to invest in Manhattan property. This covers whether it’s possible for foreigners to invest in Manhattan, how to view property for sale, property prices and investing in new development vs resale apartments.

Read the full article here: How to Invest in Manhattan Property

Maximizing rental cashflow

Our clients see Manhattan property as a good means of asset diversification and as a hedge against economic volatility and currency fluctuations. This graph is an example of how an investor client’s rental income has increased over the years.

Visit our website to learn more: Maximizing rental cashflow

Rental contracts with Manhattan condos

How are rental contracts like with Manhattan apartments? This is a common question from investor clients intending to rent out their investment condos.

Here are the key points: Rental contracts with Manhattan condos

Managing Investment Property In New York

Our main objective when managing investment property in New York for our investor clients is to have the apartment rented out as soon as possible, for the best rent possible, to a highly qualified tenant. And from there, manage the tenant relationship so that both landlord and tenant are happy.

Read the full article here: Managing Investment Property In New York

Strategy: Investing in pre-construction new development

Investing in pre-construction in Manhattan refers to buying based on plans and renderings, before a property is completed. This is also commonly referred to as buying off-plan property. Often, developers start selling 2 years in advance of anticipated completion date. Our value is in helping buyer clients identify the right property to buy based on objectives.

Read the full article here: Strategy: Investing in pre-construction new development

30 Park Place #59A

The best views of Manhattan! 59th floor 4BR/4.5BA facing North and West in the Robert A.M. Stern-designed Four Seasons Private Residences.

Apartment features views all the way to Midtown and up along Hudson River. Extra large windows, solid oak herringbone floors, dining area, washer/dryer, multi-zone heat and air. The kitchen comes with marble countertops, oak cabinetry and Gaggenau appliances. En-suite bathrooms in all bedrooms. Four Seasons' 5-star hotel services such as in-room dining, massage and spa services available.

Visit the listing here: 30 Park Place #59A

Financial and Analytical Approach when Evaluating Properties in Manhattan, New York

 
When we are representing investor clients and buyer clients, we are very analytical in terms of our approach in looking at properties. What that means is that we look at things from a numbers' perspective, which has to do with my finance background. When we meet clients for the first time, we usually share with them one page full of numbers that has all the metrics - price, price per square foot, rental potential, rent per square foot, rental yield, upsides and downsides of each of the condo units that we're looking at. These metrics are very important because it tells you what are the strong demand buildings vs the weak demand buildings. These are things that are going to affect the appreciation of the client's investment. This is one way on how we add value. Visit our website to learn more: https://www.castle-avenue.com/

Strategy: Investing in an ultra luxury building for above market appreciation

The objective of investing in ultra luxury buildings is usually to park funds and ride appreciation. Rental income is a low priority. The buyer client wants the best of Manhattan and feels the appreciation will exceed what he/she may get elsewhere.  There is a rental market for ultra luxury buildings but since rental price is so much higher, the renter pool is small.

Read the full article here: Strategy: Investing in an ultra luxury building for above market appreciation

Buying a vacation or second home in Manhattan

 
We represent a lot of clients who are buying a condo in Manhattan as a vacation home or as a second home. Usually, these are clients who visit Manhattan several times a year, or they may have grown up in Manhattan. But instead of staying at a hotel each time, having their own place makes it a lot more personal. When we recommend properties to clients, we do it similar to how we would advise investor clients. Visit our website to learn more: https://www.castle-avenue.com/

Strategy: Investing in a full-service, high demand building

When the investment objective is rental income, a full service, high demand building is important. Full service means amenities such as building staff (concierge, doormen, porters), residents’ lounge, roof deck, fitness center. Tenants are attracted to amenities and rents are higher as well.

There are two ways to achieving this as described in this article: Strategy: Investing in a full-service, high demand building

Manhattan property investment performance

Manhattan property investment performance from 1999 to the most recent Q1’2025 shows that price per square foot increased from $480 to $2,130 during the 26-year period.

The average appreciation per year during this period (1999 to 2025) is about 6 percent, which is a very healthy return. Since property is often purchased with leverage, a 6 percent appreciation can be leveraged to twice or 3X that return, depending on the equity invested in the property and financing used.


Read the full article here: Manhattan property investment performance

Manhattan Property Market Update

Key points of this Manhattan Property Market Update

Sales volume:  Condo sales volume was 47.6 percent higher than prior year.  This is positive as we are still experiencing limited inventory and high mortgage rates.

Cash buyers:  The market share of cash buyers in Q1’2025 was at 58 percent, higher than the historical average of 50 percent.

Price per sqft and median price:  In the condo market, price per sqft is at $2,130 while median price at $1.725 million.  After a few years of slowdown, price per sqft is now close to 2017’s peak of $2,149.

Read the full article here: Manhattan Property Market Update

Three of the four billionaire condos in Manhattan. We were negotiating on one recently but that deal didn't happen.

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

Pros and Cons of Investing in Manhattan Condo

 
Investors from all over the world have always been buying Manhattan, New York property as a means of diversification. London and New York are the top two destinations deemed most stable and secure for global investors wanting a simple, easy to manage property in the form of an apartment.

Here are some of the pros and cons of investing in a Manhattan condo: Pros and Cons of Investing in Manhattan Condo

New York Property Market Outlook

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.

Read the full article here: New York Property Market Outlook

Hotel Branded Condos in Manhattan: A Good Investment?

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?

Investing in Manhattan, New York condo to rent out

 
Some things to keep in mind when buying investment property in Manhattan to rent out.

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

Deal Sample at 299 West 12 Street

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.

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

What's a good buy when selecting Manhattan, New York condos for investment?

 
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/

Why Singaporeans love investing in New York

 
What are the top three reasons as to why a lot of Singaporean clients love investing in Manhattan, New York?

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

Example of Investing in a Distinguished Pre-war Building

 
Example of Investing in a Distinguished Pre-war Building

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

Property Investment in New York

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

Mistake foreign investors make when buying New York property

What is one of the biggest mistake foreign investors make when buying New York property?

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

Manhattan Property Market Update

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