The Manhattan property market is one of the most prized property markets in the world.  Our clients invest in Manhattan property for asset diversification and price stability.  Manhattan is a prime market where prices are high, appreciation is stable and rental yields are low but predictable.   Foreigners investing in Manhattan, New York property is a normal and daily event.  There are no additional stamp duties imposed on foreign buyers.   Read Wei Min’s article: Foreigner Buying Property in New York, 8 Questions That Matter   Read about Wei Min’s style in  ..read more

Manhattan, New York freehold condos for sale are all accessible through the database below which represents the entire inventory in Manhattan.  Freehold vs leasehold is a British concept.  Clients from the United Kingdom, Singapore, Malaysia and Hong Kong are used to freehold vs leasehold.  In Manhattan, almost all properties are freehold.  The exception is Battery Park where the land is leased, and the common charges reflect rent paid to the Battery Park Authority.   Read about Wei Min’s style in Best Manhattan property agents and Role of a buyer’s broker.  &nbs ..read more

Manhattan, New York luxury flat prices generally range from $2,000 per sqft to $4,000 per sqft.  Ultra luxury flats is defined as anything $4,000 and above, while non-luxury can be as low as $1,200 per sqft.  The most recent Manhattan quarterly price data reported overall market average price per sqft at $2,074.   Price per sqft is a good way to differentiate building quality types because this removes the element of flat size.  For example, a 3,000 sqft flat costing $4.5 million is less luxurious than a 2,000 sqft flat costing $4.5 million. The former is $1,500 per sqft wh ..read more

Buying new launch condo projects in Manhattan, New York is a strategy we focus on with investor clients from all over the world who are seeking Manhattan property as a form of asset diversification.  Since Manhattan is land-locked, the supply of new launch property is small relative to overall property inventory.  Prices of new launch condo projects are higher than resale condos but the new launch condo strategy is very viable.   In Manhattan, new launch condo projects are marketed about 2 years before the property is ready to be occupied.  The buyer visits a sale ..read more

The best Manhattan penthouse condominium apartments on the market currently.   Owning a condo penthouse in Manhattan is a global status symbol.  Penthouses are the best apartment(s) in a building.  It can be on the top floor of a super luxury tower like 432 Park Avenue or the biggest apartment in a low density Soho or Tribeca building with 10 floors.   A penthouse is usually the largest apartment in the building, has the highest ceilings and most dramatic views.  While we like to think there is only one penthouse per building, in reality there are usually multiple pent ..read more

Investing in pre-construction in Manhattan refers to buying based on plans and renderings, before a property is completed.  This is also commonly referred to as buying off-plan property.  Often, developers start selling 2 years in advance of anticipated completion date.  New developments can be either:   (i) Ground-Up Construction, where the whole building is brand new. (ii) Conversion, which means the building is existing/prewar and the developer is converting only the interior.   Buyer client booked this unit at 110 Charlton Street and waited 2 years to completion ..read more

New York (Manhattan) property investing strategies  for the residential condominium market are focused on the $1 million to $5 million price point. This segment represents the studio to 3 bedroom sizes which are most in demand. Anything larger than a 3 bedroom in Manhattan is a mansion by our standards.  The below are three strategies we use when recommending investment buys to our clients.       New York Investing Strategy #1: Full service condo in high demand building When the investment objective is rental income, a full service, high demand building is important ..read more

Central Park, along with Wall Street, Times Square and Fifth Avenue, is perhaps one of the most iconic landmarks in New York City.  When I get an inquiry from a foreign buyer, these locations are often mentioned because they are what people see when they envision Manhattan.     Read Wei Min’s article: Billionaire’s Row condos NYC   Read about Wei Min’s style in Best Manhattan property agents and Role of a buyer’s broker.   Central Park Central Park condos are generally defined as those within a couple blocks from the sprawling green oasis that is Centra ..read more

Billionaire’s Row, located on the southern end of Central Park in New York City, has become a symbol of luxury and extravagance.  The stretch of buildings on 57th Street between Park Avenue and Broadway, also known as “Billionaire’s Belt” or “Billionaire’s Row,” has been attracting billionaires and celebrities from all over the world since the early 2000s.   Billionaire’s Row has become a symbol of the staggering wealth in New York City and the world.  The buildings on Billionaire’s Row offer some of the most luxurious amenities and views in the city, and remains a sought-after ..read more

The collapse of SVB, the most significant banking crisis since Lehman in 2008, is causing concern over the stability of midsize banks, possible tightening of lending standards and whether the Manhattan property market will be affected.  It’s too soon to tell, but I haven’t seen an impact yet.   Real estate traffic the past 2 weeks have been strong – a lot of viewers at open houses given the Spring season, contracts signed and to the relief of buyers, more inventory is coming out.   Read Wei Min’s article: Investing in Manhattan real estate using 1031 Exchange strategy   ..read more