Everyone loves new development.
Brand-new kitchens.
Resort-style amenities.
Beautiful sales galleries.
Glossy marketing brochures.
But after advising buyers in Manhattan for 20 years, I’ve learned that buying new development isn’t always the safest investment.
Some become iconic buildings.
Others quietly underperform.
Before paying the new development premium, here are five things every buyer should know: The Ugly Truth About Buying New Development in Manhattan
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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