What is a good NYC neighborhood to invest?

By
Real Estate Agent with Douglas Elliman Real Estate

What is a good NYC neighborhood to invest?

New York city is a very dynamic city withneighborhoods. Many buyers call us and like to invest in this city right now and would like to diversify their investment portfolio and include a NYC condo in it.

We often get the question What Neighborhood in Manhattan New York is good to invest, there is no one answer for everyone...


Before we can answer this question or for the buyer to determine, they have to consider several points as outline below:

Budget or comfortable Price Range 
: What is the price amount that you are thinking of invest? We work with buyers that have invested $1,000,000 USD price range on a one bedroom condo and that can rent anywhere from $3,700-$4,000 USD per month unfurnished depending location and season. We also have work with buyers that invested $5,000,000,000 USD sales price and rented the three bedroom condo for $19,000 USD per month. Depending on your projected price range then we can focus on the neighborhood.

Lifestyle Preference:
 A
re you planning to live in this condo one day in the near future? Or this is purely for investment purpose? If you plan on living in the condo, maybe we can look at neighborhoods that you like and socialize when you are in New York.

Luxury building Amenities:  Would you want a c
ondo with fitness center and spa? Or you do not have any preference?  Buildings with full service amenities are newer buildings with higher price point and comparable monthly carrying charges, so this is good to keep in mind when selecting the condo.

Other than what we have mentioned above, there are other important points to determine which neighborhood is best suited for each person's preference.

 

We specialize in working with buyers looking for condo investment in New York city, we are seasoned Real Estate agents that can help you in finding the right investment. Contact us today at (917)837-8869 to discuss directly on how we can work together. 

 

To Read More about NYC condo buying Tips (Click on Link Below)

http://manhattannycondosforsale.com/buying-condos/

 

To Learn more about Parents Buying NYC Condo for Children (Click on link below)

http://manhattannycondosforsale.com/parents-buying-for-children-nyc-condos/

Posted by

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Morgan Evans is a Licensed Real Estate salesperson in Manhattan New York specialize in neighborhoods such as: Greenwich Village, Soho, Union Square, Upper East Side, Upper West Side, Chelsea, Midtown West, Midtown East, Nolita, Lower East side, Financial District in Manhattan. Morgan specialize in working with international buyer, high net worth buyers,  parents buying for children and investors buyers. Contact him today by calling (917)837-8869.

https://www.eileenandmorgan.com/
Dorchester Towers Condo

 

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Topic:
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New York New York County Manhattan
Groups:
1st Time Buyers
Building Your Niche
Condo Specialists
Advice for Buyers

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Rainmaker
4,232,101
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Morgan, you and Eileen are the experts to contact when buyers are trying to decide what part of the City to live! 

Jul 09, 2015 12:47 AM #1
Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

All good points to remember Morgan. There's plenty of opportunities in NYC!

Jul 09, 2015 04:54 AM #2
Ambassador
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

This is a great article, Morgan. Anyone considering investing in NYC should contact you.

 

Jul 09, 2015 02:15 PM #3
Rainmaker
733,028
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

There are many important things to consider when investing in Manhattan. It is best to have a discussion before going to see any properties so everyone can be ready!

Jul 15, 2015 10:07 AM #4
Rainmaker
3,508,251
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Morgan -- what a smart approach to address the questions asked by investors --- very well done.

Jul 20, 2015 06:08 PM #5
Ambassador
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Great information for those considering purchasing in the Manhattan area, Morgan.

Aug 03, 2015 01:16 AM #6
Rainmaker
2,051,258
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Morgan Excellent post as to what is important to the individual invsetor will point them in the dirrection to take for investment property. NYC prices are sky high.. 

Aug 03, 2015 06:45 AM #7
Rainmaker
986,118
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

To invest in a NYC neighborhood, begin with a call to (212) 321-7147 for Agent Morgan Evans.

Sep 17, 2015 06:09 AM #8
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