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/