Manhattan freehold condos for sale
Posted by Wei Min Tan on April 28, 2023
Manhattan, New York freehold condos for sale are all accessible through websites such as Streeteasy.com. 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.
Weimin’s article: Buying New York Residential Property – Setting Expectations
Owning a freehold property means you own both the property and the land where it is built on, indefinitely. Meanwhile, owning a property through a leasehold arrangement means that you own the property or land for a fixed amount of time, hence, leasehold has a discount to a freehold property.
Our role is in helping buyers navigate the process and evaluate the best investment based on the client’s objectives, appreciation and overall return potential.
Weimin’s article, Buying New Condo in Manhattan, Tips for the Foreigner
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
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