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
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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