How to Invest in Manhattan Property

How to invest in Manhattan property for foreign buyers.  

Article covers whether foreigners can buy Manhattan property, transparency of property inventory, prices and a brief comparison of new development vs resale.  

Manhattan Q2 Condo Prices

According to the Miller Samuel/Elliman Report, Q2 sales volume of Manhattan condos increased by 26 percent, the highest increase in three years.

Median price of a Manhattan condo at $1.70 million was up 3 percent.  It was the first year over year increase in seven quarters.

Price per square foot was $2,077, down 1.8 percent from a year ago.  Average price was $2.83 million, down 4.5 percent vs year ago.

Read full article:  Manhattan Q2 Condo Prices

Closed on foreign client's new launch condo in Gramercy

We just closed on our foreign client's new launch condo last week.  Booked at pre-construction stage about two years ago.  The building, 200 E 21 St, is targeting LEED Gold certification.  Luxury finishings, hardwood floors, marble bathroom.  

Read about it at:  Manhattan New Launch Condo Investment For Foreign Client.

Foreign Buyers' Guide to Investing in Manhattan Condos

Our foreign buyer's guide to investing in Manhattan condos.  Includes an overview, how the process works, financing options and even deal examples.  This has been a top ranked page on Google since I wrote it many years ago.  

Read article:  Foreign Buyer's Guide to Investing in Manhattan Condos 

Buying new property launches in Manhattan, pros and cons

My article about the pros and cons of buying new property launches in Manhattan. Includes examples of our clients' deals.

Read article:  Pros and Cons of New Property Launches in Manhattan

Best New York property agents

Bio overview in pictures on my experience and life as a New York property agent focusing on investors.

Read article:  Best New York property agents

Buying New Condo in Manhattan, Tips for the Foreign Buyer

Buying new condos in Manhattan is a strategy that many of our foreign clients pursue.  The objectives are either for rental return or for use as vacation home.   By the time a foreign investor client reaches out to me, he would have researched extensively online and have a strong understanding of the Manhattan market.

In addition, the client would have read a lot of my articles on the subject of investing in Manhattan condos.  Still, there are many questions.  Understandably, buying a condo in a different country is a major undertaking.

Here are some tips for foreign investors:

Read article:  Buying New Condo in Manhattan