Manhattan, New York real estate, one of the world's best investments. Buying the right condo, renting out to tenants and eventually selling. By Weimin Tan, top Manhattan agent with media interviews by CNBC, CNN, New York Times, WSJ. Ex-Citibanker, originally from Malaysia, Manhattan resident since 1999, fitness enthusiast. tan@castle-avenue.com
Tuesday, May 26, 2015
Friday, May 1, 2015
Luxury one bedroom investment at The Harrison 205 W 76 St
Price: $1.65m
Size 826 sf, common charge $994, tax $426
Size 826 sf, common charge $994, tax $426
Rent: $5,000
Annual rental return: 2.6%
Annual appreciation: 10%
Return on investment with 50% downpayment: 21%
Labels:
condominium,
harrison,
investment,
upper west side,
Wei Min Tan
Location:
New York, NY, USA
Saturday, March 14, 2015
Bad Idea To Buy At Overseas Property Shows
Buyers of property in top markets like New York, London, Paris, Sydney come from all over the world. As people get more financially savvy and outlook becomes more global, they no longer limit potential investment to within their home country.
As such, developers are marketing their property abroad to potential foreign buyers. One of the most common ways is through property shows held at foreign countries. For the foreign buyer, here are 5 reasons why buying overseas property at these property shows is a bad idea.
Location:
New York, NY, USA
Tuesday, February 24, 2015
Interview with El Financiero Bloomberg TV on foreign buyers investing in New York
Had the pleasure of speaking to Karla Palomo of Bloomberg for the Mexico/Latin America Bloomberg TV on foreigners investing in New York property.
Labels:
Bloomberg,
El Financiero,
manhattan,
New York,
Property,
real estate,
Wei Min Tan
Thursday, January 8, 2015
Why Billionaires Are Investing In New York Apartments
Two days ago, I created a chart showing the investment performance of New York apartments vs key stock indices. Business Insider picked it up, had an article about it and called it, "One Chart Explains Why Billionaires Are Investing In New York Apartments."
Yes, you'll have to click on the link to read the chart and article.
Labels:
apartment,
Billionaires,
Chart,
New York,
Wei Min
Sunday, January 4, 2015
2015 is Year Of The Condo
New York Times calls 2015 The Year of the Condo as twice as many new condominium units are expected to hit the market. This gives buyers more choices and some pricing relief as competition among developers increases.
Location:
New York, NY, USA
Thursday, January 1, 2015
CNBC interview
My most memorable interview of 2014. Barely made it, had to run from Lexington to Fifth Ave because roads closed for Obama. Heart rate still up during the segment.
https://www.youtube.com/watch?v=gQ7GrcFBVRw
Labels:
bubble,
CNBC,
New York,
real estate,
Wei Min Tan
Location:
New York, NY, USA
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