Renovating A Manhattan Pre-War Condo
Posted by Wei Min Tan on March 5, 2019
Advised our client in investing in this pre-war condo at Manhattan’s Parc Vendome. The renovation totally transformed the apartment which rented out almost immediately. The building is 3 blocks from Central Park and there is so much character!
This was a great buy because the apartment faces south and has plenty of sunlight because it cleared the opposite building’s roof, it’s in one of Manhattan’s most famous pre-war condos Parc Vendome, and location is steps to Central Park.
When we viewed it, the apartment had a dated and worn look, an old bathroom and a partially functioning kitchen with a broken fridge and dishwasher full of mold. As a result, the apartment did not show well to potential buyers.
My client understood that the downsides are factors that can be changed. He realized the buy opportunity and had the vision and patience to transform the apartment. We got a great deal and we transformed the condo! It was rented to the first person who saw it after the transformation.
Enjoy the photos below. Yes, they are of the same apartment.
Renovating Manhattan Condo – Before Photos
Renovating Manhattan Condo – After Photos
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
Notes: This article was updated March 5, 2019
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