Though overall Manhattan Real Estate sales are slower than usual right now, the starter-apartment segment of the Manhattan market appears to have the strongest pulse and flying off the shelves like hot cakes!
It seems to be that 2 bedrooms or larger apartment buyers are cautious and waiting on the sideline to see how the economy pans out, but those in need of starter apartments know this is their opportunity. Many of them are first-timers who were concerned to be priced out of the market, now with the historic low interest rate, they can now make the bid and able to afford it. The first time home buyer knows that THIS IS THEIR TIME! We are also seeing increasing numbers of buyers who have decided to buy now rather than renew their rental lease!
For our investor buyers, this is your time to take advantage and make the fortune today. An average studio price that is approximately $450,000 (with the monthly carrying charge average about $700+/-) can usually rent out for $2,200 or more. Studio and One Bedroom apartments are the most desirable apartments to rent. Studio renters can be a working professional that use it from Monday to Thursday that just need a place to stay during the week to an international graduate student... Studio apartments are easy to manage and smart affordable Real Estate investments for those who have been thinking about investing in Manhattan Real Estate.
With the low low conforming interest rate. It is the perfect equation for smart investors!
(Photo: New York Magazine)
Here is a Gramercy studio that is a great deal for those who wants to invest in Manhattan Real Estate. 242 East 25th Street #2C $499,000. 2005 Construction, Doorman, Washer and Dryer in Apartment.
We also have other comparable studios that may fit into your specific requirement. To browse more listing please visit here or
First Time Home Buyer Guide:
Part One: Know Your Product
Part Two: Know Your Buying Power
Part Three: Understanding the Financial Statement
Part Four: Who Manages the Building
Part Five: Buying with your Head and your Heart?
Contact us today (212)321-7122 or email ehsu@elliman.com to discuss your investment goals.
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Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)
We specialize in Manhattan New York Condominiums, townhouses, condops and cooperatives. We are condominium residents ourselves so we understand the Manhattan New York condominium community. We also enjoy all Manhattan neighborhoods, especially Upper West Side, Lincoln Square, Midtown East, Murray Hill, Financial District, Chelsea, Fifth Avenue, Greenwich Village, Nolita and etc just to name a few. If you or you know someone that may be interested in selling, buying or leasing their Manhattan New York condo, call us today (917)837-8869 or (646)644-6929 and we can discuss your specific Real Estate needs in private. Thank you.
To read more about Manhattan New York Real Estate, click on our websites below:
Manhattan New York Condo Specialists or Chinese Speaking Real Estate Agent
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These units look really nice Eileen, Are there any views out that window?