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: Are 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 condo 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.
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