How to select the right investment condo in Manhattan for letting out

Posted by Wei Min Tan on May 20, 2021

Weimin Tan provides a case study on how to select the right investment condo in Manhattan, New York.

 

 

Selecting the right Manhattan condo for letting out

The rental market suffered a lot as a result of Covid – prices were down 25 percent, inventory was up 3x and vacancy rate was up 5x.

 

Investing in Manhattan property has been challenging because of that but we still managed to let out an investor client’s condo in one week.  To be able to do that, here are the three key attributes that we evaluate when choosing a good property investment for clients – the location, the building and the apartment within the building.

 

Location – convenient, central, close to multiple subway lines and very close to a lot of restaurants and entertainment.

The building – prewar, a lot of charm in the feel and architecture, high ceilings, thicker walls and less noise.

The apartment within the building – multiple exposures, great views.

What We Do

We focus on global investors buying Manhattan condos for portfolio diversification and long term return-on-investment.
1) Identify the right buy based on objectives
2) Manage the buy process
3) Rent out the property
4) Manage tenants
5) Market the property at the eventual sale

 

Wei Min’s media interviews by CNBC, CNN, New York Times on the subject of investing in Manhattan property

 

 

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About Wei Min

  • Focuses on investors of Manhattan condominiums, interviewed by CNBC, CNN, Wall Street Journal, New York Times
  • Ex-Citibanker, managed $500 million portfolio
  • MBA, University of Illinois at Urbana-Champaign
  • Manhattan resident since 1999. Currently lives in Tribeca with wife and 2 kids
  • 352 burpees in 23 minutes, student of muay thai kickboxing

Contact Wei Min

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About Wei Min


  • Focuses on investors of Manhattan condominiums, interviewed by CNBC, CNN, Wall Street Journal, New York Times
  • Ex-Citibanker, managed $500 million portfolio
  • MBA, University of Illinois at Urbana-Champaign
  • Manhattan resident since 1999. Currently lives in Tribeca with wife and 2 kids
  • 352 burpees in 23 minutes, student of muay thai kickboxing

Work With Wei Min

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