Articles by Wei Min Tan on investing in Manhattan, New York property
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.
Investing in New York residential condominiums
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Rules for foreigners buying New York property
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.
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How to buy property in Manhattan, New York
The 5 steps to buy a property in Manhattan including engaging a buyer’s broker, shopping, negotiating, contract signing, closing.
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Manhattan property investment performance
Manhattan property investment performance from 1999 to Q3′ 2023 shows price per square foot increasing from $480 to $1,971 during the 24 year period.
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Property investment in New York
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.
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Manhattan Property Price Trend 1997 - 2023
New York property historical price trends for Condominiums and Cooperatives.
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Benefits and Downside Risks of Buying Manhattan Property
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.
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Legal and tax tips from a New York lawyer and CPA
Interview with Tim Wong on legal and tax concerns with New York property, including capital gains, estate and gift taxes, structuring a property holding.
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Best type of investment property in New York
The best type of investment property in Manhattan, New York for under $5 million is a residential condominium, which clients buy for asset diversification.
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Foreigner buying property in New York, 8 questions that matter
Most important questions for a foreigner buying property in Manhattan, New York. Includes property type, sizes and prices, rental yield, structuring.
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Investing in new development projects
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.
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Manhattan property investing strategies
Weimin Tan explains Manhattan, New York property investing strategies – full service building, ultra luxury and pre-construction.
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Central Park condos NYC
Central Park condos in Manhattan can be trophy buildings or value buildings. And there is a large price premium for Central Park views.
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Billionaire's Row condos NYC
Billionaires Row in NYC is a prestigious area of high-end trophy condo buildings, located along 57th Street in Manhattan.
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Investing in Manhattan real estate using 1031 Exchange strategy
The 1031 Exchange strategy can be used to defer taxes and maximize returns while investing in Manhattan real estate.
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Why Singaporeans are attracted to Manhattan, New York property
This article discusses the key reasons as to why Singaporeans are attracted to Manhattan, New York property.
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Top mistakes when investing in New York property
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.
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Best Condos in Manhattan
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.
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Buying property in New York to rent out
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.
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Foreign Buyer Guide, Investing in New York Property
Overview for the foreign investor, the buying process, managing and selling the property.
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Sponsor condos in Manhattan, Art of The Deal
Sponsor condos are condos sold by the developer, mostly brand new development. Identifying the right buy and negotiating the deal is an art.
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Buying a car park with a Manhattan condo
Only a handful of high end condos have car parks for sale. Most car parks are run by third party operators and cannot be purchased.
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Pros and Cons of New Property Launches in Manhattan
Buying into new condominium launches in Manhattan means price discount and visiting a beautiful sales office, but uncertatinties abound too.
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Investing in NYC Real Estate
Investing in NYC real estate is a strategy many high net worth global clients participate in to diversify their portfolio.
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New York Property Tax Strategies
Wei Min Tan asks Tsi Yang Lung, CPA and Centre Tax and Accounting owner, questions about the different New York property tax strategies.
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Buying New Condo in Manhattan, Tips for the Foreigner
Tips for foreigner interested in buying a new Manhattan condo. Includes rental return, freehold vs leasehold, CBD and location drivers.
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Best Areas to Invest in Manhattan
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.
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How to invest in Manhattan property, profit and repeat
Manhattan, New York is one of only two Alpha++ cities in the world. How to invest, realize profits and repeat to grow a portfolio over time.
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Manhattan, the U.S's most prime real estate
The island of Manhattan has one of the most stable and steady property prices in the world, a key attraction to global investors.
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Buying New York Residential Property - Expectations
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.
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Buyer's Agent New York Property
Summary of what a New York property buyer’s agent does: identify, analyze pros and cons, negotiate, manage process, and rent out.
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New York condominium broker focusing on investors
Explanation on being a New York residential condominium broker focusing on investor buyers. Condos are a sub segment of the New York property market.
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Historical trend of 30 year fixed mortgage rate
Manhattan, New York property agent Weimin Tan on the historical trend of the 30 year fixed mortgage rate via a 2 minute youtube video.
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New York Real Estate Agent
Wei Min Tan is a New York real estate agent focusing on global investor buyers investing in Manhattan, New York condominiums.
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Manhattan real estate agent
Weimin Tan’s Citigroup background and ability to speak 5 languages fit well when serving international investors of Manhattan real estate.
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Asian American New York Property Agent
Wei Min Tan is a Manhattan property agent often interviewed by top media such as CNN, New York Times, Wall Street Journal and NBC.
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How to buy overseas property
Foreign clients invest in Manhattan real estate to diversify to a top tier international city like New York, London or Paris.
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New York Property Capital Gains And Other Taxes
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.
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Best real estate investment options in Manhattan, New York
Weimin Tan, Manhattan property broker, on what the best real estate investment options are in Manhattan, New York
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NY1 interviews Weimin Tan on role of buyer's broker
Weimin Tan explains that a buyer’s broker represents the interest of the buyer, despite the commission coming from the seller.
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Weimin Tan on CNBC about U.S. price to income ratio
Wei Min Tan explains the price-to-income ratio as a measure of whether the market is properly valued vs over valued.
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May 2021 Manhattan Condo Market Overview
Manhattan property broker Weimin Tan provides an overview on the Manhattan property market via youtube.
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Investing in Brooklyn property
Investing in Brooklyn property is a strategy investors take to benefit from the better price value compared to Manhattan.
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Manhattan Luxury Property Market, What Does It Mean?
Manhattan, New York luxury condo broker Weimin Tan on what is the luxury property market and how it differs from non luxury,
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Best Manhattan Property Agents
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.
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Top 5 Challenges Of Buying Property Abroad
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.
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Investing in Chelsea
New York property agent Weimin Tan on notable Chelsea and West Chelsea condo developments including upsides/downsides.
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New York real estate agent on 3 coveted features of a Manhattan condo
Weimin Tan on why a real estate’s location, outdoor space (terrace) and views are 3 coveted features that help with real estate value.
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Investing in a New York ultra luxury apartment
The objective of buying in ultra luxury buildings is usually to park funds and ride appreciation. Rental income is a low priority.
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Reasons Buying Overseas Property From A Property Show Is A Bad Idea
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.
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Investing in a loft apartment in New York
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.
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Investing in a Manhattan penthouse apartment
Investing in a penthouse and its benefits and downsides. Pressing the PH button also means your elevator ride is always local.
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Investing in Tribeca
Investing in Tribeca real estate. Why it’s a blue chip strategy, why the high demand, examples of clients’ condos.
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Investing in West Village
Investing in West Village real estate is a great strategy for investors looking for the most secure property prices in Manhattan, New York.
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How to Invest in Manhattan Property
Overview on how to invest in Manhattan property, the world’s top destination for investors looking for stability and asset diversification.
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Investing In A Pre-War Manhattan Condo Apartment
A pre-war Manhattan condominium is a high desirable investment because of its scarcity, character, high ceilings and thicker walls.
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Manhattan Property Review
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.
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International investors in Manhattan apartments, 3 crucial tips
Weimin Tan, Manhattan property agent, says an international investor should get solid local advice, a good lawyer and a dependable bank.
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New property projects in Manhattan, how we pick winners
Picking winning new property projects includes evaluating demand for the project’s offering, price segment, wow factor and location of the project.
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Investing in a Soho apartment, key tips to understand
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?
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Risks with buying new launch condo property project in Manhattan
Wei Min Tan, Manhattan property agent, describes the top downside risks when buying into a new launch condo project in Manhattan.
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New York property buying opportunity amid COVID 19 pandemic
Weimin Tan, Manhattan property broker and investor, predicts buying opportunity in Manhattan property between Q2 to Q4 amid the COVID pandemic.
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New vs Resale condo in Manhattan, New York
New condo buyers can book at a discount and enjoy better facilities. Resale condos provide more options, building history and sellers are more negotiable.
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Why Successful Business Owners and Professionals Globally Invest in New York Property
Reasons why successful entrepreneurs and professionals from around the world invest in Manhattan apartments.
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Why Invest In New York, A Global Comparison
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.
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Time to buy Manhattan property according to CNN, CNBC, WSJ
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.
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How investing in New York's next hottest area provided handsome returns to our clients
Property investing in Manhattan, New York’s next hottest area has provided handsome returns to our clients. A case study.
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Investing in a full-service, high demand building
When the investment objective is rental income, a full service, high demand building is important. Full service means amenities such as building staff…
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Renovating Manhattan pre-war apartment
Advised our client in investing in this pre-war condo at Manhattan’s Parc Vendome. Renovation transformed the apartment which rented out almost immediately.
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Alternative Investments (private equity, real estate funds) vs Manhattan Condos
Comparing private equity and real estate funds, illiquid investments known as Alternative Investments, to investing in Manhattan residential condominiums.
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Tribeca's newest luxury residential project
We represented our client in purchasing this 750 square foot studio at 111 Murray, Tribeca’s latest luxury residential tower.
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Buying property in New York, 5 key tips
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.
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New York property with amazing water views
New York penthouse level property with amazing water views of New York Harbor. Long term investment buy.
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Two bedroom at super luxury One57 is a relative value 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.
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Foreign Buyer Guide to Investing in New York Property 2018 Update
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.
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Luxury apartment under $1 million
88 Greenwich #2605 is a luxury condominium under $1 million with top end finishings and one block south of the World Trade Center.
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One bedroom investment property in Tribeca
200 Chambers 5F is an excellent investment property in Tribeca with strong rental yield and located opposite Goldman Sachs’ headquarters.
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Our Focus: Buyer's Broker For Manhattan Condominiums
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.
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Buying New York Property Frequently Asked Questions
– How does real estate create wealth?
– Appreciation over time?
– Investing directly vs REITs -
Foreign and International Buyer Guide
– Overview for the foreign investor
– The buying process
– Managing and selling the property -
New York apartment investment performance and returns
Comparatives of the 2014 investment performance of Manhattan, New York condominium apartments with performance of the Dow Jones, Nasdaq, Gold and FTSE 100 indices.
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YouTube Channel: New York Property Agent
Follow the life of Wei Min Tan, a condominium specialist focusing on local and foreign buyers interested in Manhattan, New York real estate.
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Research Links
Manhattan, New York Property Research Resources and National Level Research Information
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Overview of featured condominiums
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.
Market Updates
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Manhattan Property Market Update
Manhattan property market key metrics and historical price trends, insights on current property prices and whether now is a good time to buy.
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Manhattan property market trends
Stay up-to-date on the latest Manhattan property market trends, including deal volume, property prices, price negotiability and more.
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Is now a good time to invest in Manhattan property?
The current Manhattan property market is favoring buyers again amid high mortgage rates and recession fears.
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New York Apartment Prices
Manhattan, New York property report on condo sales metrics, average rents and whether we are in a buyer’s or seller’s market
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Manhattan Condominium Historical Price Trend
Manhattan property investment performance. Historical price trend for price per square foot, median price and transaction volume.
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March 2023 Manhattan Property Market Update - Weimin Tan
Key trends impacting the Manhattan property market including the SVB collapse, supply, demand and rental market metrics.
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February 2023 Manhattan Property Market Update
Inflation and mortgage rates have been decreasing while the economy is doing quite well. Are we seeing signs of a property market pickup?
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January 2023 Manhattan Property Market Update - Weimin Tan
Key points for this January market update: i) sales volume down 29 percent, ii) cash transactions increased, and iii) median price down.
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December 2022 Manhattan Property Market Update
Overview of the December 2022 Manhattan property market: Interest rate uncertainty, rental market slows, all-cash buying opportunity.
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November 2022 Manhattan Property Market Update
Mortgage rates more than doubled compared to a year ago driven by inflation and the Fed’s tightening policies. We’re in a Buyer’s Market.
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October 2022 Manhattan Property Market Update
Sales volume down because of mortgage rates, Buyer’s Market favoring all-cash buyers, Rents keep breaking records.
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How does inflation impact Manhattan property?
We are again in a buyer’s market because of inflation which led to 7 percent mortgage rate. Buyers needing financing pulled back.
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Mortgage rates softens Manhattan property market
Mortgage rates doubled from a year ago, making it much more expensive for buyers. The Manhattan sale market softens, rents hit record highs.
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September 2022 Manhattan Property Market Update
September 2022 Manhattan Property Market Update: 1) Inflation/mortgage rates increased, 2) Buyer’s market, 3) Record high rental market.
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August 2022 Manhattan Property Market Update
The three key points for the August 2022 Manhattan Property Market Update are: Record rents, slow summer months, activity may be picking up.
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July 2022 Manhattan Property Market Update
New York property agent Wei Min Tan discusses the three key points in the July 2022 Manhattan property market update.
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June 2022 Manhattan Property Market Update
Investors are looking to real estate as an inflation hedge. April inflation was at 8.3% while April Manhattan rents increased 32%.
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May 2022 Manhattan Property Market Update
The key points for the May 2022 Manhattan Property Market Update: recession concerns, strong buyer demand and rents going up/high cap rates.
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How recessions impact Manhattan property
Looks at how the Covid-19, Lehman and Sept 11 recessions impacted Manhattan property, and why is Manhattan so resilient.
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April 2022 Manhattan Property Market Update
An 8-minute overview of the April 2022 Manhattan Market Update by top Manhattan real estate agent, Wei Min Tan.
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March 2022 Manhattan Property Market Update
Wei Min Tan discusses Manhattan active supply, new active listings, new contracts signed, and percentage change in market pulse.
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February 2022 Manhattan Property Market Update
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.
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Rising 30 year mortgage rate driving Manhattan property sales volume
The 30-year fixed mortgage rate has been going up in line with inflation. Investors are taking advantage of these historically low rates.
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January 2022 Manhattan property market update
The 2021 annual sales volume for condos and co-ops surpassed the prior peak of 2007 and was the highest sales volume on record.
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U.S. Inflation Rate and Manhattan Real Estate
Wei Min Tan explains how inflation rate affects Manhattan real estate and why global investors are buying Manhattan real estate.
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November Manhattan Property Market Update
The key points to note in the November Manhattan property market update are: supply is down, signed contracts up and median price cut 5%.
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October 2021 Manhattan Property Market Update
Q3’2021 sales volume was the highest in 32 years driven by low mortgage rates, rising vaccination adoption and improving economic conditions.
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Tech firms expanding in Manhattan
Google, Facebook, Microsoft and Roku are among the tech firms that are expanding their presence in Manhattan.
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1-minute Manhattan rental market update
New York condominium broker focusing on global investors, Wei Min Tan gives a 1-minute update on the Manhattan rental property market.
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September 2021 Manhattan Real Estate Market Update
The September 2021 Manhattan real estate market is driven by limited sale supply, low mortgage rates and a hot rental market.
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Manhattan property discount to asking price
Manhattan property broker Weimin Tan on how much discount to asking price to expect in the current property market.
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August 2021 Manhattan property update
7-minute August update on the Manhattan property market presented by top Manhattan property agent, Wei Min Tan
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New York Apartment Prices
New York apartment prices for condominiums based on the most recent quarterly data including price per sqft, sales volume, average sales price.
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July 2021 Manhattan property update by Weimin Tan
The Manhattan, New York residential property market is recovering from Covid and currently, it’s a seller’s market.
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June 2021 Manhattan property update by Weimin Tan
Manhattan market is currently a seller’s market and the rental market has picked up a lot since companies have started calling people back.
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New York property trends
Weimin Tan explains the 6 key Manhattan, New York property trend periods, from 1997 when prices were $328 psf to current post COVID market.
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Manhattan recovery - low rates, pent up demand, Covid vaccines
Top Manhattan broker Weimin Tan provides a 1 minute overview on drivers of Manhattan real estate’s recovery.
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US stock market S&P 500 vs Manhattan Property
Manhattan property broker Weimin Tan compares performance of the US stock market (S&P 500) vs Manhattan residential condominiums.
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April 2021 Market Update by Weimin Tan
Manhattan property broker Weimin Tan provides an 8 minute overview on the market. Shortage of supply, jump in sales volume, rental market.
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Future of real estate
Real estate moved forward 5 years in terms of technology. And yes, cities will always be needed as we’re social creatures.
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Manhattan Property Market Update by Week
Weekly active supply, pending sales, contracts signed, from mid March (when Covid hit NYC) to present. Charts and data from UrbanDigs.
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New York property agent Weimin Tan on when Manhattan will recover
Weimin Tan on when the Manhattan sale and rental property market is expected to recover.
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Manhattan property COVID 19 buying opportunity
Manhattan property agent Weimin Tan on why the current property market amid COVID 19 presents a buying opportunity.
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Manhattan real estate's first week of Reopening
After 15 weeks of lock down, Manhattan real estate reopended June 22. Listings for sale increasing, although still much lower than normal.
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COVID-19 in Manhattan, current situation
Q2 expectations: GDP down 34% according to Goldman, Manhattan closed sales expected down 60%+. Opportunistic time for buyers, hard time for sellers.
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Coronavirus impact on Manhattan property
The Manhattan property market is at a standstill because of the coronavirus. Historic low rates, sellers holding back, buying opportunity for investors.
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25 percent of new luxury apartments are unsold in Manhattan
Summary of New York Times’ article about the oversupply of unsold new luxury apartments in Manhattan. Situation being compared to the post Lehman period.
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Manhattan property market's 2018 performance
Median price of a Manhattan apartment decreased to less than $1 million as sales volume plummet 14 percent.
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Weakness continues for Manhattan property in Q3, 2018
Manhattan’s property market experienced an 11 percent decrease in sales activity in third quarter 2018 despite a strong economy and consumer confidence.
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Manhattan Q2 Condo Market
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.
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Manhattan property's weak first quarter 2018
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
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Trump's tax law increases homeownership cost for primary residence buyers
The new Trump tax law reduces allowable mortgage interest deduction and places a limit on state and local taxes that are deductible.
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Manhattan condo prices down 15% in Q4 2017
The Manhattan, New York residential condo market showed further weakness in Q4, 2017 as buyers anticipated the proposed Trump tax bill.
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New York condominium prices Q4, 2017
New York residential condominium prices declined in Q4’2017 amid market weakness and uncertainty
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Investment picks as New York property rides the Trump wave
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.
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Buying opportunities as sales drop 20 percent
It’s now official. Consistent with my previous updates about now Manhattan being a buyer’s market…
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Manhattan Condos, Now 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
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Brexit's impact on New York property
Two weeks since Brexit and global markets continue to adjust to this new uncertainty. The pound sterling declined to a 30 year low.
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New York condo apartments outperform in 2015
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.
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5 Things To Know About Today's New York Apartment Market
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.
The Buying and Selling Process
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The Closing Process for Buying a Property in New York
Understanding the closing process for buying a property in New York: A guide to help navigate this stage smoothly and confidently.
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What to Expect After Buying a Property in New York
Key steps after buying a property in New York, including finalizing the ownership, securing home insurance, and navigating necessary repairs.
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Average Manhattan, New York Apartment Prices
Manhattan condo apartment average cost and prices per sqft by apartment sizes, summarized by top New York property agent, Wei Min Tan.
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Manhattan property financing: A guide for buyers
Tips on increasing your chances of getting approved for financing when buying a Manhattan, New York property.
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Manhattan property investment tips
Tips on investing in Manhattan property that increase your chances of success in building wealth and generating income.
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How to buy property in Manhattan
Buy property in Manhattan with this step-by-step guide, from getting pre-approved for a mortgage to closing on the property.
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New Property Projects in Manhattan
Access the inventory of all the new property projects in Manhattan available for foreign investors through this database.
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Steps for buying property in Manhattan, New York
Weimin Tan, New York property broker and investor, summarizes the five key steps for buying property in Manhattan, New York.
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Buying Property in New York
What to consider when deciding whether to buy vs rent, types of property, prices, costs, role of a buyer’s broker and timeline.
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How to Buy New Launch Property in Manhattan
Why investors buy new launch property in Manhattan, the discount that new launch condominiums provide and how to start the process.
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Manhattan freehold condos for sale
In Manhattan, almost all properties are freehold. Search all the Manhattan freehold condos for sale in the market through this database.
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Manhattan Luxury Flat Prices
Manhattan, New York flats for sale database and why price per sqft is a good benchmark when evaluating flat prices.
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New launch condo projects in Manhattan
New launch condo projects in Manhattan is a strategy we focus on with global clients seeking diversification through Manhattan property.
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Manhattan Real Estate Prices
Average Manhattan real estate prices for condos and coops. A buyer can also search the entire Manhattan market using our search tool.
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How to select a Manhattan condo
Manhattan property agent Wei Min Tan spoke with Aidan Booth of The Growth Booth on how to select a Manhattan condo.
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Rental contracts with Manhattan apartments
New York property agent Weimin Tan summarizes key points on rental contracts when renting out Manhattan apartments.
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Best size investment apartment to rent out in NYC
An investor’s guide to the best size of investment apartment to rent out in NYC by top property agent, Wei Min Tan.
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Manhattan Home Prices
Manhattan home prices are based on whether the home is a condo or coop; price per square foot of a condo is higher than for a coop.
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Manhattan Luxury Condos for Sale
Access to Manhattan, New York luxury condos for sale on the market including prices, location, bedrooms, size, amenities etc.
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2022 Cost of Manhattan, New York Flats
Wei Min Tan provides a summary of the 2022 Cost of Manhattan, New York Flats by apartment size and their corresponding sales share.
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Expenses as Owner of Property in New York
Wei Min Tan discusses the two categories of Expenses as Owner of Property in New York — Closing Costs at Purchase and Ongoing Expenses.
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Coop vs Condo in Manhattan
Analysis on the key differences between a condo and a co-op in Manhattan property by Manhattan real estate agent, Wei MIn Tan.
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Stamp Duty When Buying New York Property
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…
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How NYC property tax bill is calculcated
To estimate your annual property tax, multiply the taxable value of your property by the current tax rate for your property’s tax class.
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Average Manhattan, New York Apartment Rents
Wei Min Tan gives guidance to global investors on what to expect in terms of average Manhattan, New York apartment rents.
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Transaction Costs for Condominiums
Transaction costs when buying and selling a Manhattan, New York condominium for buyer and seller.
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Buying Manhattan apartment with outdoor space
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.
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Engaging a property agent in Manhattan
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.
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How to finance foreign real estate
The biggest question when thinking about buying property in a different country is how to finance foreign real estate.
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Best New York Property Agents
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.
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Process of buying property in New York
Weimin Tan gives a youtube overview on the process of buying property in New York. From identifying objectives to closing.
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Understanding the home appraisal process
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.
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Buying new condominium property in Manhattan
Strategy for evaluating and buying new condominium property in Manhattan, New York. Analysis of upsides/downsides and appreciation potential.
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Mortgage Financing For Overseas Buyers
Foreign buyers investing in New York property have the option of getting mortgage financing, which comes as a fixed rate or adjustable rate loan.
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Buying property in New York
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!
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Managing Investment Property In New York
Once our foreign investor client purchases an investment apartment through us, we also manage the property for the client. This includes marketing the property…
Lifestyle
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Buying townhouse/landed property in Manhattan, New York
Owning a landed property/townhouse in Manhattan is a luxury. These are advantages and disadvantages to consider.
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Best 50 Manhattan, New York Penthouses
The best Manhattan penthouses on the market currently including prices, where they are located, square feet, amenities etc.
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Buying a vacation or second home in Manhattan
Weekend or second homes, aka pied-a-terres in NYC, is a well deserved luxury for clients living elsewhere but still call Manhattan home.
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Best Reads of 2021
The 10 most memorable books that I have read this year. Perhaps you may find interesting.
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Interview with New York's world famous Feng Shui Master Pun-Yin
New York property agent Weimin Tan talks to world famous Feng Shui Master Pun-Yin. Feng Shui history, Trump International Hotel, Mandarin Oriental.
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Parents buying apartment for child attending Columbia University / NYU
Should parents buy an apartment for a child attending Columbia or NYU? Consider appreciation, monthly cost of dorm and quality of life.
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Karlo Begiev, piano teacher, child prodigy, concert pianist
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.
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Aidan Booth, online entrepreneur and property investor
Interview with Aidan Booth, online entrepreneur and property investor. How he started with investing, lessons learned, the ultimate goal.
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Tribeca's Unique Florist / Coffee Shop
We stumbled upon Darling Moon Flowers / Cafe Atelier, a unique florist/coffee shop in Tribeca. The decor, service and quality are excellent!
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Life as a Stuyvesant High School Student
Jeffrey Tan on his 1st year at Stuyvesant High School. Brutal tests, extracurricular clubs abound, SING!, another test after basketball win.
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Demmi Choo on living in West Village
Interview with Demmi Choo, West Village resident, on what is so attractive about West Village. It feels like a suburb during the day!
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CNN's Fareed Zakaria on cities after pandemics, history's lessons
What happened to Florence, Italy after the Bubonic Plague, and to Philadelphia after Yellow Fever which decimated the city. Great historical lessons.
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Tribeca fitness trainer Lee McConnell on how COVID changed his profession
Tribeca fitness trainer Lee McConnell, NASM, Church Street Boxing Gym, on how COVID and online fitness training changed his profession.
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Food in Manhattan
Here are my favorite, regular restaurants in Manhattan and why I like them.
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Facebook and Amazon expanding in Manhattan
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.
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Curing eyesight naturally through habits
Weimin Tan writes about trying to cure eyesight (myopia/ short sightedness) naturally. Implementing good habits: more outdoor time, reducing screen time.
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Manhattan's best high end buffet is Brazilian steakhouse, Fogo de Chao
Brazilian steakhouse Fogo de Chao is the best high end buffet experience in Manhattan. Huge salad bar, quality meats, and it’s unlimited!
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Manhattan's Tribeca
Tribeca is one of Manhattan, New York’s most expensive and desirable neighborhoods. It is located north of the future World Trade Center.
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What I learned from Church Street Boxing, the toughest gym in Tribeca
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.
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New York remains safest big city in America
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.
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Google will transform Hudson Square
Google’s $1 billion investment into its Hudson Square campus is bound to transform the neighborhood as luxury condo owners and Googlers move in.
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Jeffrey Tan playing Chopin's Fantaisie Impromptu
Chopin’s Fantaisie Impromptu played by 12 year old Jeffrey Tan, second place winner, at the New York City Rondo piano competition 2018.
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Rawsome Treats
Raw vegan pies without refined sugar to satisfy sweet cravings the healthy way.
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New York's Manhattan Chinatown
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.
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Battery Park, trees and water
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.
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Financial District
Financial District in Manhattan is the home of Wall Street, The New York Stock Exchange and the Federal Reserve Bank of New York.
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Flatiron District
Flatiron is a desirable destination in Manhattan because of restaurants, the Union Square farmers market, Union Square and Madison Square Park.
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West Village
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.
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Soho
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.
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Midtown East, blue chip neighborhood
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.
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Upper East Side
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.
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My favorite Japanese restaurants
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.
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Manhattan Neighborhoods
Learn everything there is to know about the neighborhoods of Manhattan
Case Studies
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Maintenance fees with a Manhattan condo
Maintenance fees in a Manhattan, New York condo. What is the average and why new developments and older buildings have higher maintenance.
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Foreign investor client's new condo in Gramercy
Case study of our foreign investor client’s condo in Gramercy which was booked at pre-construction stage. Rents have recovered from pandemic.
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Strategy of Investing in Distinguished Prewar Condos
The key is to select the right building with great demand. A high priced property with high rents will provide strong rental returns.
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Manhattan value buy freehold condo
Manhattan value buy freehold condo with water views close to World Trade Center. Ideal for investor wanting tenant in place and no vacancy period.
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Investing in large 3 bedroom apartment to rent out post pandemic
Purchase decision of this triple-exposure condo is driven by market’s post pandemic demand for larger apartments.
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Should you invest in several single family houses or a Manhattan apartment
Owning single family houses provide better rental yield but a Manhattan condo is a better long term hedge.
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International client's condo close to Goldman Sachs headquarters
Price appreciation and rental yield of client’s investment condo in Tribeca’s new residential building opposite Goldman Sachs.
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Overseas investor client's luxury flat close to financial centre
Luxury flat let out in 1 week. Professional presentation, building amenities and proximity to Wall Street/World Trade Center are drivers.
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Investing near Google and Disney
Google and Disney are building their new campuses in Hudson Square and examples of our clients’ investments.
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Investing in a luxury freehold New York apartment
Case study on investor client’s dual-exposure apartment with views of New York Harbor, the Verrazano Bridge and Hudson River.
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3 things to consider before investing in Manhattan property
Weimin Tan on evaluating Condo vs Coop, tax implications and knowing about the nature of open property inventory in the Manhattan market.
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Manhattan freehold condo with attractive rental returns
Luxury one bedroom freehold condo, $1.83m, with attractive rental return in Manhattan’s CBD. Close to United Nations, MRT stations.
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Negotiation: Be nice
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.
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How to select the right investment condo in Manhattan for letting out
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.
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Terrace demands a premium, one bedroom at 99 John
Strategy of investing in one bedroom Manhattan apartment with 500 sqft terrace. Purchased from developer at conversion and resold 5 years later.
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Freehold apartment with terrace in Manhattan's Financial District
Loft apartment with terrace in Manhattan’s Financial District. Prewar Art Deco building, close to World Trade Center. Strong rental yield for investor buyers.
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Family office investor and broker Francis Leung on the heated suburban markets from Covid-19
The suburbs have become a seller’s market amid surge of demand from NYC buyers. Sellers are asking 20 to 30 percent premium.
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Investing in Manhattan condo with tenant in place for immediate cashflow
Weimin Tan, Manhattan investment property broker, on potential risks with buying a condo with tenant in place. And why due diligence is important.
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New launch Manhattan condo, being the earlybird
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
Client Apartments For Sale and Rent
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Tribeca luxury condo with high rental return close to the World Trade Center, Goldman Sachs
Tribeca luxury condo with high rental return close to the World Trade Center, Goldman Sachs with dual exposures to the North/East.
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Hudson Square 2-bedroom condo close to Google and Disney
Hudson Square, split 2-bedroom luxury condo with North and West views on the 15th floor, close to Google and Disney.
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Manhattan Midtown East luxury freehold 2-bedroom condo
Manhattan Midtown East luxury freehold 2-bedroom condo with extra high ceilings, 2.5 baths, dual North and West views.
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High floor one bedroom West Village condo with amazing views
Investor client’s high floor one bedroom condo facing north and west, with amazing views of West Village and amid tree-lined streets.
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Condo near United Nations, Grand Central
Investor client’s Midtown East condo in new development building close to Fifth Avenue, United Nations, Grand Central, Metro North.
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Large one bedroom in luxury prewar building close to Goldman Sachs, World Trade Center, Fulton Station
Close to World Trade Center, South Street Seaport, Fulton Station, American Express, Goldman Sachs. Luxury prewar condo with full amenities.
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High ceiling one bedroom in luxury prewar condo close to WTC
One bedroom with 16ft ceilings in luxury prewar condo. Close to World Trade Center, Goldman Sachs, American Express, Wall Street.
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Prewar studio apartment close to Central Park
Prewar studio apartment close to Central Park, Whole Foods, Equinox. Recently renovated. Charming, southern exposure, plenty of light. .
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Luxury studio condo with water views for rent, close to World Trade Center, Westfield Mall
For rent: Luxury studio with water views in full service building. Close to World Trade Center, WEstfield Mall, Brookfield Place.
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Financial District loft studio for rent, close to World Trade Center
Financial District loft studio in luxury building for rent. Close to World Trade Center, Westfield Mall, Goldman Sachs, Federal Reserve.
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Fifth Avenue studio on 30th floor facing south
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.
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200 Chambers Street 8B, luxury condo in Tribeca for rent
Tribeca luxury condo for rent. Split 2 Bedroom facing West (Park and Water views), Floor-to-Ceiling Windows, Luxury Kitchen, Full Service Building.
