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 investing in Manhattan, New York’s next hottest area has provided handsome returns to our clients. A case study.
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.
Key rules for foreigners buying Manhattan, New York property. The is no extra stamp duty, but foreigners should be aware of FIRPTA withholding and estate tax.
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.
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.
When the investment objective is rental income, a full service, high demand building is important. Full service means amenities such as building staff…
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.
The best type of investment property in Manhattan, New York for under $3 million is a residential condominium, which clients buy for asset diversification.
Advised our client in investing in this pre-war condo at Manhattan’s Parc Vendome. Renovation transformed the apartment which rented out almost immediately.
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.
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.
Overview on how to invest in Manhattan property, the world’s top destination for investors looking for stability and asset diversification.
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.
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.
Weimin Tan explains New York property investing strategies including buying into a full service building, ultra luxury and pre-construction.
Manhattan property investment performance from 1997 to Q1′ 2019 shows that price per square foot increased from $480 to $2,331 during the 20 year period.
New York property historical price trends for Condominiums and Cooperatives
Comparing private equity and real estate funds, illiquid investments known as Alternative Investments, to investing in Manhattan residential condominiums.
Overview for the foreign investor, the buying process, managing and selling the property.
Wei Min Tan is a Manhattan property agent often interviewed by top media such as CNN, New York Times, Wall Street Journal and NBC.
Tips for foreigner interested in buying a new Manhattan condo. Includes rental return, freehold vs leasehold, CBD and location drivers.
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.
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.
Explanation on being a New York residential condominium broker focusing on investor buyers. Condos are a sub segment of the New York property market.
Many of our foreign clients coming to buy investment property in New York are interested in the most prime and expensive areas of Manhattan.
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.
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.
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.
Most important questions for a foreigner buying property in Manhattan, New York. Includes property type, sizes and prices, rental yield, structuring.
A pre-war Manhattan condominium is a high desirable investment because of its scarcity, character, high ceilings and thicker walls.
Investors from all over the world have always been buying Manhattan property as a means of diversification. London and New York used to compete for foreign investment.
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.
Buying into new condominium launches in Manhattan means price discount and visiting a beautiful sales office, but uncertatinties abound too.
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.
Reasons why successful entrepreneurs and professionals from around the world invest in Manhattan apartments.
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
Buyers of property in top markets like New York, London, Paris, Sydney come from all over the world. As people get more financially savvy and outlook becomes more global
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.
Summary of New York Times’ article about the oversupply of unsold new luxury apartments in Manhattan. Situation being compared to the post Lehman period.
The Manhattan residential property market has been weak since 2017. We recommend buyer clients move now to take advantage of the slowdown.
Manhattan residential condominium historical price trend from 1999 to present.
Manhattan, New York Property Report for residential condominiums with summary for average price, price per square foot, sales volume.
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, New York apartment sales surged dramatically in the third quarter of 2013, driven by rising interest rates and buyers grabbing a shortage of inventory.
Once our foreign investor client purchases an investment apartment through us, we also manage the property for the client. This includes marketing the property…
Foreign buyers investing in New York property have the option of getting mortgage financing, which comes as a fixed rate or adjustable rate loan.
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.
Transaction costs when buying and selling a Manhattan, New York condominium for buyer and seller.
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…
Strategy for evaluating and buying new condominium property in Manhattan, New York. Analysis of upsides/downsides and appreciation potential.
Overview of why investors buy new launch property in Manhattan, the discount that new launch condominiums provide and how to start the process.
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
Manhattan value buy freehold condo with water views close to World Trade Center. Ideal for investor wanting tenant in place and no vacancy period.
Case study of our investor client’s recently closed new condo. We will be listing apartment for rent soon. Located in Gramercy.
Luxury one bedroom freehold condo, $1.83m, with attractive rental return in Manhattan’s CBD. Close to United Nations, MRT stations.
Strategy of investing in one bedroom Manhattan apartment with 500 sqft terrace. Purchased from developer at conversion and resold 5 years later.