Wei Min Tan, long time Manhattan resident and property investor, writes about almost everything investment related,
specifically to those wanting to buy residential condominiums as investment.
The benefits, risks, expectations and even lifestyle.
Wei Min Tan, long time Manhattan resident and property investor, writes about almost everything investment related, specifically to those wanting to buy residential condominiums as investment.
The benefits, risks, expectations and even lifestyle.
Property investment in New York, specifically in Manhattan, is a prudent decision taken by successful individuals as part of their portfolio planning. Investing in New York property is seen as a safe haven for assets because of limited supply.
New York property historical price trends for Condominiums and Cooperatives
Bravo for taking the step towards investigating the property buying process. Here is a summary of key points for a foreigner to understand when buying property in New York.
Most important questions for a foreigner buying property in Manhattan, New York. Includes property type, sizes and prices, rental yield, structuring.
Summary of what a New York property buyer’s agent does: identify, analyze pros and cons, negotiate, manage process, and rent out.
Key rules for foreigners buying Manhattan, New York property. There is no extra stamp duty, but foreigners should be aware of FIRPTA withholding and estate tax.
Investors from all over the world have always been buying Manhattan property as a means of diversification. London and New York are the world’s top two destinations for foreign investment in property.
Overview for the foreign investor, the buying process, managing and selling the property.
Buying property in New York (Manhattan) to rent out is an investment diversification strategy for many global investors. These are 5 key points to consider.
Explanation on being a New York residential condominium broker focusing on investor buyers. Condos are a sub segment of the New York property market.
Manhattan, New York property agent Weimin Tan on the historical trend of the 30 year fixed mortgage rate via a 2 minute youtube video.
Wei Min Tan is a New York real estate agent focusing on global investor buyers investing in Manhattan, New York condominiums.
Weimin Tan’s Citigroup background and ability to speak 5 languages fit well when serving international investors of Manhattan real estate.
Wei Min Tan is a Manhattan property agent often interviewed by top media such as CNN, New York Times, Wall Street Journal and NBC.
The 5 steps to buy a property in Manhattan including engaging a buyer’s broker, shopping, negotiating, contract signing, closing.
Manhattan property investment performance from 1999 to Q2′ 2021 shows that price per square foot increased from $480 to $1,921 during the 22 year period.
Foreign clients invest in Manhattan real estate to diversify to a top tier international city like New York, London or Paris.
Summary of the major tax categories when buying property in New York. Besides capital gains, there is also monthly property tax, income tax and estate (inheritance) tax.
Weimin Tan, Manhattan property broker, on what the best real estate investment options are in Manhattan, New York
Weimin Tan explains that a buyer’s broker represents the interest of the buyer, despite the commission coming from the seller.
Wei Min Tan explains the price-to-income ratio as a measure of whether the market is properly valued vs over valued.
Manhattan property broker Weimin Tan provides an overview on the Manhattan property market via youtube.
Investing in Brooklyn property is a strategy investors take to benefit from the better price value compared to Manhattan.
Manhattan, New York luxury condo broker Weimin Tan on what is the luxury property market and how it differs from non luxury,
The best type of investment property in Manhattan, New York for under $5 million is a residential condominium, which clients buy for asset diversification.
Wei Min Tan focuses on foreign investors buying Manhattan, New York property for investment. He is among the best Manhattan property agents in this category and has appeared on CNBC, CNN, Wall Street Journal and New York Times.
In this global market, investors looking to diversify their portfolio often venture abroad for their property investment. Article talks about the key challenges when buying property abroad.
New York property agent Weimin Tan on notable Chelsea and West Chelsea condo developments including upsides/downsides.
Weimin Tan on why a real estate’s location, outdoor space (terrace) and views are 3 coveted features that help with real estate value.
Whenever I meet a new buyer client, especially a foreigner wanting to buy an apartment in Manhattan for rental income, the client often has certain pre-conceived ideas.
The objective of buying in ultra luxury buildings is usually to park funds and ride appreciation. Rental income is a low priority.
Buying overseas property from an international property show is usually a bad idea. It’s convenient, but generally these are properties that are not selling well in their home country.
The best area to invest depends on a buyer’s objectives. FiDi has oversupply but good deals, West Village is a constant seller’s market and prices are high.
Owning a loft apartment in New York is having one of the ultimate New York assets. While residential condominiums continue to be built, a true loft apartment is scarce.
Investing in a penthouse and its benefits and downsides. Pressing the PH button also means your elevator ride is always local.
Investing in Tribeca real estate. Why it’s a blue chip strategy, why the high demand, examples of clients’ condos.
Investing in West Village real estate is a great strategy for investors looking for the most secure property prices in Manhattan, New York.
Overview on how to invest in Manhattan property, the world’s top destination for investors looking for stability and asset diversification.
Buying into new condominium launches in Manhattan means price discount and visiting a beautiful sales office, but uncertatinties abound too.
A pre-war Manhattan condominium is a high desirable investment because of its scarcity, character, high ceilings and thicker walls.
Manhattan has a population of 1.6 million living in individually-owned apartments, multifamily and mixed use buildings. This Manhattan property review looks at the pros and cons of each type from an investor’s perspective.
Interview with Tim Wong on legal and tax concerns with New York property, including capital gains, estate and gift taxes, structuring a property holding.
Weimin Tan, Manhattan property agent, says an international investor should get solid local advice, a good lawyer and a dependable bank.
Sponsor condos are condos sold by the developer, mostly brand new development. Identifying the right buy and negotiating the deal is an art.
The “best” criteria differs depending on whether a client is buying to rent out, use as vacation home or simply to park money in an ultra luxury building.
Picking winning new property projects includes evaluating demand for the project’s offering, price segment, wow factor and location of the project.
A Soho apartment has gorgeous high ceilings and big spaces, but do you know they lack facilities and many are zoned for Artist In Residence?
Wei Min Tan, Manhattan property agent, describes the top downside risks when buying into a new launch condo project in Manhattan.
Weimin Tan, Manhattan property broker and investor, predicts buying opportunity in Manhattan property between Q2 to Q4 amid the COVID pandemic.
New condo buyers can book at a discount and enjoy better facilities. Resale condos provide more options, building history and sellers are more negotiable.
Weimin Tan explains New York property investing strategies including buying into a full service building, ultra luxury and pre-construction.
Reasons why successful entrepreneurs and professionals from around the world invest in Manhattan apartments.
New York (Manhattan) is ranked the top city in the world by various metrics but from a price perspective compared to top cities, it’s a relative bargain.
The island of Manhattan has one of the most stable and steady property prices in the world, a key attraction to global investors.
Investing in pre-construction refers to buying based on plans and renderings, before a property has been completed. Often developers start selling 1-2 years in advance of anticipated completion date.
Now is the right time to buy a Manhattan condo. Inventory is high, prices are negotiable and mortgage rates are so low. It’s not just me who is saying it.
Property investing in Manhattan, New York’s next hottest area has provided handsome returns to our clients. A case study.
Manhattan, New York is the world’s investment property mecca. This article focuses on how one can invest in Manhattan residential condominium property, realize profits and repeat to grow a portfolio over time.
When the investment objective is rental income, a full service, high demand building is important. Full service means amenities such as building staff…
Advised our client in investing in this pre-war condo at Manhattan’s Parc Vendome. Renovation transformed the apartment which rented out almost immediately.
Comparing private equity and real estate funds, illiquid investments known as Alternative Investments, to investing in Manhattan residential condominiums.
Tips for foreigner interested in buying a new Manhattan condo. Includes rental return, freehold vs leasehold, CBD and location drivers.
We represented our client in purchasing this 750 square foot studio at 111 Murray, Tribeca’s latest luxury residential tower.
Buying property in New York is a goal for global investors wanting a piece of the world’s most desirable real estate. These 5 guiding tips is a start.
New York penthouse level property with amazing water views of New York Harbor. Long term investment buy.
Apt 32B at One57 is asking $6.5 million, or $3,030 per sqft. A relative value buy in the context of super luxury buildings. Can be rented to top level executives or the high net worth tenant who is not ready to buy yet.
New York property agent Wei Min Tan on updates a foreign buyer needs to know when investing in New York property, covering New York’s status as Alpha++ city, rental yield, appreciation and the Trump tax law.
88 Greenwich #2605 is a luxury condominium under $1 million with top end finishings and one block south of the World Trade Center.
200 Chambers 5F is an excellent investment property in Tribeca with strong rental yield and located opposite Goldman Sachs’ headquarters.
In New York real estate, agents are required to disclose whose interest the agent represents. A buyer’s broker represents the best interest of the buyer. A seller’s broker represents the best interest of the seller.
– How does real estate create wealth?
– Appreciation over time?
– Investing directly vs REITs
– Overview for the foreign investor
– The buying process
– Managing and selling the property
Comparatives of the 2014 investment performance of Manhattan, New York condominium apartments with performance of the Dow Jones, Nasdaq, Gold and FTSE 100 indices.
Follow the life of Wei Min Tan, a condominium specialist focusing on local and foreign buyers interested in Manhattan, New York real estate.
Manhattan, New York Property Research Resources and National Level Research Information
Search All New York Properties Access the Manhattan, New York broker database to view all properties available on the market. View detailed property descriptions, floor plans and photos from one central source.
The key points for the May 2022 Manhattan Property Market Update: recession concerns, strong buyer demand and rents going up/high cap rates.
Looks at how the Covid-19, Lehman and Sept 11 recessions impacted Manhattan property, and why is Manhattan so resilient.
Analysis of the current Manhattan property market and whether it is a good time to be a buyer.
Manhattan, New York Property Report for residential condominiums with summary for average price, price per square foot, sales volume.
Manhattan residential condominium historical price trend from 1999 to present.
An 8-minute overview of the April 2022 Manhattan Market Update by top Manhattan real estate agent, Wei Min Tan.
Wei Min Tan discusses Manhattan active supply, new active listings, new contracts signed, and percentage change in market pulse.
February 2022 Manhattan property market update shows that we’re in a seller’s market. Supply is at a low which should drive prices up.
The 30-year fixed mortgage rate has been going up in line with inflation. Investors are taking advantage of these historically low rates.
The 2021 annual sales volume for condos and co-ops surpassed the prior peak of 2007 and was the highest sales volume on record.
Wei Min Tan explains how inflation rate affects Manhattan real estate and why global investors are buying Manhattan real estate.
The key points to note in the November Manhattan property market update are: supply is down, signed contracts up and median price cut 5%.
Q3’2021 sales volume was the highest in 32 years driven by low mortgage rates, rising vaccination adoption and improving economic conditions.
Google, Facebook, Microsoft and Roku are among the tech firms that are expanding their presence in Manhattan.
New York condominium broker focusing on global investors, Wei Min Tan gives a 1-minute update on the Manhattan rental property market.
The September 2021 Manhattan real estate market is driven by limited sale supply, low mortgage rates and a hot rental market.
Manhattan property broker Weimin Tan on how much discount to asking price to expect in the current property market.
7-minute August update on the Manhattan property market presented by top Manhattan property agent, Wei Min Tan
New York apartment prices for condominiums based on the most recent quarterly data including price per sqft, sales volume, average sales price.
The Manhattan, New York residential property market is recovering from Covid and currently, it’s a seller’s market.
Manhattan market is currently a seller’s market and the rental market has picked up a lot since companies have started calling people back.
Weimin Tan explains the 6 key Manhattan, New York property trend periods, from 1997 when prices were $328 psf to current post COVID market.
Top Manhattan broker Weimin Tan provides a 1 minute overview on drivers of Manhattan real estate’s recovery.
Manhattan property broker Weimin Tan compares performance of the US stock market (S&P 500) vs Manhattan residential condominiums.
Manhattan property broker Weimin Tan provides an 8 minute overview on the market. Shortage of supply, jump in sales volume, rental market.
Real estate moved forward 5 years in terms of technology. And yes, cities will always be needed as we’re social creatures.
Weekly active supply, pending sales, contracts signed, from mid March (when Covid hit NYC) to present. Charts and data from UrbanDigs.
Weimin Tan on when the Manhattan sale and rental property market is expected to recover.
Manhattan property agent Weimin Tan on why the current property market amid COVID 19 presents a buying opportunity.
After 15 weeks of lock down, Manhattan real estate reopended June 22. Listings for sale increasing, although still much lower than normal.
Q2 expectations: GDP down 34% according to Goldman, Manhattan closed sales expected down 60%+. Opportunistic time for buyers, hard time for sellers.
The Manhattan property market is at a standstill because of the coronavirus. Historic low rates, sellers holding back, buying opportunity for investors.
Summary of New York Times’ article about the oversupply of unsold new luxury apartments in Manhattan. Situation being compared to the post Lehman period.
Median price of a Manhattan apartment decreased to less than $1 million as sales volume plummet 14 percent.
Manhattan’s property market experienced an 11 percent decrease in sales activity in third quarter 2018 despite a strong economy and consumer confidence.
Analysis of the Manhattan Q2 condo market. While metrics are worse than a year ago, they are improving compared to Q1, perhaps a turning point.
Manhattan property sales volume in first quarter 2018 was the lowest in six years, driven by changes in the new tax law, ending of legacy new development contracts and higher mortgage rates
The new Trump tax law reduces allowable mortgage interest deduction and places a limit on state and local taxes that are deductible.
The Manhattan, New York residential condo market showed further weakness in Q4, 2017 as buyers anticipated the proposed Trump tax bill.
New York residential condominium prices declined in Q4’2017 amid market weakness and uncertainty
While the last 2 quarters of 2016 saw buyers sitting on the fence and sales volume down, since Trump’s historic win, there has been an increase in sales with Manhattan condos.
It’s now official. Consistent with my previous updates about now Manhattan being a buyer’s market…
The Manhattan property market has changed direction. While previously it was a heated, highly competitive market where buyers compete for limited inventory, now listings are sitting on the market longer and buyers have an advantage
Two weeks since Brexit and global markets continue to adjust to this new uncertainty. The pound sterling declined to a 30 year low.
Global investors who have already invested in a Manhattan, New York condominium have reason to be cheerful. In 2015, Manhattan condo apartments far outperformed major global indices.
The Manhattan, New York property market makes the news often because it’s the U.S.’s most expensive and the media just can’t resist talking about apartments costing upwards of $50 million.
Manhattan condo apartment average cost and prices per sqft by apartment sizes, summarized by top New York property agent, Wei Min Tan.
Wei Min Tan provides a summary of the 2022 Cost of Manhattan, New York Flats by apartment size and their corresponding sales share.
Wei Min Tan discusses the two categories of Expenses as Owner of Property in New York — Closing Costs at Purchase and Ongoing Expenses.
Analysis on the key differences between a condo and a co-op in Manhattan property by Manhattan real estate agent, Wei MIn Tan.
Stamp duty is a British term and is not a term used in New York property transactions. Here in the United States, we use the term Closing Costs…
To estimate your annual property tax, multiply the taxable value of your property by the current tax rate for your property’s tax class.
Wei Min Tan gives guidance to global investors on what to expect in terms of average Manhattan, New York apartment rents.
Overview of why investors buy new launch property in Manhattan, the discount that new launch condominiums provide and how to start the process.
Transaction costs when buying and selling a Manhattan, New York condominium for buyer and seller.
The key points to note when buying a Manhattan apartment with outdoor space are: it’s a rare luxury, its types and it comes at a premium.
Engaging a property agent in New York requires understanding the role of a buyer’s vs seller’s agent, interviewing and selecting based on fit.
The biggest question when thinking about buying property in a different country is how to finance foreign real estate.
Wei Min Tan is among the best New York property agents focusing on investor buyers of Manhattan, New York condominiums. Wei Min has appeared on CNBC, CNN, The Wall Street Journal on the subject of investing in New York property.
Weimin Tan gives a youtube overview on the process of buying property in New York. From identifying objectives to closing.
Wei Min Tan talks to Cheddar TV about the appraisal process and how a buyer can protect himself in the event of a lower appraised value.
Strategy for evaluating and buying new condominium property in Manhattan, New York. Analysis of upsides/downsides and appreciation potential.
Foreign buyers investing in New York property have the option of getting mortgage financing, which comes as a fixed rate or adjustable rate loan.
Weimin Tan, New York property broker and investor, summarizes the 5 steps to buying property in New York. A deal is not binding until contract signed!
Once our foreign investor client purchases an investment apartment through us, we also manage the property for the client. This includes marketing the property…
The 10 most memorable books that I have read this year. Perhaps you may find interesting.
New York property agent Weimin Tan talks to world famous Feng Shui Master Pun-Yin. Feng Shui history, Trump International Hotel, Mandarin Oriental.
Should parents buy an apartment for a child attending Columbia or NYU? Consider appreciation, monthly cost of dorm and quality of life.
Owning a landed property/townhouse in Manhattan is a luxury. These are advantages and disadvantages to consider.
Weekend or second homes, aka pied-a-terres in NYC, is a well deserved luxury for clients living elsewhere but still call Manhattan home.
Karlo Begiev is a highly sought after classical piano teacher in Manhattan. He was a child prodigy, concert pianist and now a dedicated teacher who introduces students to the magic of the piano.
The best Manhattan penthouses on the market currently including prices, where they are located, square feet, amenities etc.
Interview with Aidan Booth, online entrepreneur and property investor. How he started with investing, lessons learned, the ultimate goal.
We stumbled upon Darling Moon Flowers / Cafe Atelier, a unique florist/coffee shop in Tribeca. The decor, service and quality are excellent!
Jeffrey Tan on his 1st year at Stuyvesant High School. Brutal tests, extracurricular clubs abound, SING!, another test after basketball win.
Interview with Demmi Choo, West Village resident, on what is so attractive about West Village. It feels like a suburb during the day!
What happened to Florence, Italy after the Bubonic Plague, and to Philadelphia after Yellow Fever which decimated the city. Great historical lessons.
Tribeca fitness trainer Lee McConnell, NASM, Church Street Boxing Gym, on how COVID and online fitness training changed his profession.
Here are my favorite, regular restaurants in Manhattan and why I like them.
Facebook in talks to increase space by 700,000 square feet in Manhattan, making it one of NYC’s largest corporate tenants. Amazon signed lease for 335,000 square feet in Hudson Yards.
Weimin Tan writes about trying to cure eyesight (myopia/ short sightedness) naturally. Implementing good habits: more outdoor time, reducing screen time.
Brazilian steakhouse Fogo de Chao is the best high end buffet experience in Manhattan. Huge salad bar, quality meats, and it’s unlimited!
Tribeca is one of Manhattan, New York’s most expensive and desirable neighborhoods. It is located north of the future World Trade Center.
Church Street, the toughest gym in Tribeca. I came here seeking abs and learned key lessons that greatly helped with life and real estate deals.
New York continues to be the safest big city in America with crime continuing a 28 year decline. The murder rate is just above 3 per 100,000.
Google’s $1 billion investment into its Hudson Square campus is bound to transform the neighborhood as luxury condo owners and Googlers move in.
Chopin’s Fantaisie Impromptu played by 12 year old Jeffrey Tan, second place winner, at the New York City Rondo piano competition 2018.
Raw vegan pies without refined sugar to satisfy sweet cravings the healthy way.
New York property broker Wei Min Tan gives an overview of the Manhattan Chinatown neighborhood, the second most visited neighborhood in New York City after Times Square.
In Manhattan, Battery Park is the neighborhood with the most trees and parks, which gives it a nice, nature-like feeling. With the Hudson River right next to it, Battery Park is a scenic and beautiful neighborhood.
Financial District in Manhattan is the home of Wall Street, The New York Stock Exchange and the Federal Reserve Bank of New York.
Flatiron is a desirable destination in Manhattan because of restaurants, the Union Square farmers market, Union Square and Madison Square Park.
West Village in Manhattan, New York is a charming village full of personality and character. Maybe that’s why many celebrities call West Village home.
Soho used to be an industrial area which became popular with artists. As more artists moved into the neighborhood, Soho transformed into a residential work-live area with many artist studios and galleries.
Manhattan, New York’s Midtown East has some of the largest concentration of Fortune 500 offices, high real estate and fanciest retail shops in the world.
Manhattan’s Upper East Side neighborhood is well known for museums along Museum Mile on Fifth Avenue, ultra expensive cooperatives on Park and Fifth Avenues and tree-lined residential streets.
As a New York property agent, bringing clients to nice restaurants is part of the job which I enjoy a lot. This has given me the opportunity to try a lot of restaurants in New York.
Learn everything there is to know about the neighborhoods of Manhattan
Case study of our foreign investor client’s condo in Gramercy which was booked at pre-construction stage. Rents have recovered from pandemic.
The key is to select the right building with great demand. A high priced property with high rents will provide strong rental returns.
Manhattan value buy freehold condo with water views close to World Trade Center. Ideal for investor wanting tenant in place and no vacancy period.
Purchase decision of this triple-exposure condo is driven by market’s post pandemic demand for larger apartments.
Owning single family houses provide better rental yield but a Manhattan condo is a better long term hedge.
Price appreciation and rental yield of client’s investment condo in Tribeca’s new residential building opposite Goldman Sachs.
Luxury flat let out in 1 week. Professional presentation, building amenities and proximity to Wall Street/World Trade Center are drivers.
Google and Disney are building their new campuses in Hudson Square and examples of our clients’ investments.
Case study on investor client’s dual-exposure apartment with views of New York Harbor, the Verrazano Bridge and Hudson River.
Weimin Tan on evaluating Condo vs Coop, tax implications and knowing about the nature of open property inventory in the Manhattan market.
Luxury one bedroom freehold condo, $1.83m, with attractive rental return in Manhattan’s CBD. Close to United Nations, MRT stations.
Weimin Tan on the #1 rule in negotiations. Be nice to the other party as it will get you further in making the deal happen.
Weimin Tan provides a case study on how we let out investor client’s condo in one week. The key attributes of a desirable condo.
Strategy of investing in one bedroom Manhattan apartment with 500 sqft terrace. Purchased from developer at conversion and resold 5 years later.
Loft apartment with terrace in Manhattan’s Financial District. Prewar Art Deco building, close to World Trade Center. Strong rental yield for investor buyers.
The suburbs have become a seller’s market amid surge of demand from NYC buyers. Sellers are asking 20 to 30 percent premium.
Weimin Tan, Manhattan investment property broker, on potential risks with buying a condo with tenant in place. And why due diligence is important.
Being the earlybird on a Manhattan new launch condo project usually means getting the best pricing. Case study of our client’s buy at a Tribeca project
Investor client’s high floor one bedroom condo facing north and west, with amazing views of West Village and amid tree-lined streets.
Investor client’s Midtown East condo in new development building close to Fifth Avenue, United Nations, Grand Central, Metro North.
Close to World Trade Center, South Street Seaport, Fulton Station, American Express, Goldman Sachs. Luxury prewar condo with full amenities.
One bedroom with 16ft ceilings in luxury prewar condo. Close to World Trade Center, Goldman Sachs, American Express, Wall Street.
Prewar studio apartment close to Central Park, Whole Foods, Equinox. Recently renovated. Charming, southern exposure, plenty of light. .
For rent: Luxury studio with water views in full service building. Close to World Trade Center, WEstfield Mall, Brookfield Place.
Financial District loft studio in luxury building for rent. Close to World Trade Center, Westfield Mall, Goldman Sachs, Federal Reserve.
Fifth Avenue, South Facing studio on 30th floor with plenty of Sunlight and Closets (one regular and one walk-in). Midtown Manhattan, close to Bryant Park.
Tribeca luxury condo for rent. Split 2 Bedroom facing West (Park and Water views), Floor-to-Ceiling Windows, Luxury Kitchen, Full Service Building.