Tag Archives: Chinese Speaking Real Estate agent

Perfect Condo Studio for the studio seekers

NEW ON MARKET. Perfect alcove Studio for studio seekers or investors. This is one of the most sought after condominium in the heart of Manhattan. Building amenities include:Driveway, Courtyard, Garage (Accessible From Elevator Banks); Health Club; Pool; Sauna; Jacuzzi, Squash Court, Basketball Court, Table-Tennis, Central Laundry Room; Valet; Digital TV; High Speed Internet Access, Package Room & On-site Dry Cleaner. CALL TODAY FOR APPOINTMENT.

We are Chinese speaking Real Estate Agents in NYC hosting Manhattan Condo Tours

We are Chinese Speaking Real Estate agents here in New York city (Manhattan New York). We often host Manhattan Condo tours that cater our buyers from overseas as well as local Chinese buyers since we are bilingual and understand the culture difference. We receive many television and film requests to come on the tour with us because of our experiences in hosting these successful condo tours and many people find this way of touring for properties fascinating and innovative.

So when IDTV Film wanted to film the story of how Dutch culture is similar to Chinese culture at certain aspects, they wanted to work and film our Manhattan Condo tour with the Chinese buyers. We were delighted to work with IDTV Film crew and we spoke to the producers and arranged them to come on one of our tours.

As Chinese Speaking Real Estate here in New York city, we will continue to have the tour in different  price ranges and Manhattan neighborhoods. It will all be condominiums that are friendly for foreign buyers as second home, investment, pied-a-terred. So they too can have their very own piece of Manhattan. Please visit our website to register or to find out more information please visit: http://www.ChineseBuyNYC.com

*BUYERS AND INVESTORS, we also cater property tours for other language speaking foreign nationals or private one-on-one consultation and tour. For a tour that is specific to your needs, please contact us EileenHsuNYC(@)gmail.com for specific details)*

*SELLERS AND DEVELOPERS, WE SPECIALIZE IN FOREIGN NATIONALS PURCHASING MANHATTAN CONDOMINIUMS/REAL ESTATE INVESTMENTS. CONTACT US TODAY TO DISCUSS HOW YOU CAN BENEFIT FROM WORKING WITH OUR TEAM TO MAXIMIZE YOUR MARKETING EXPOSURE TO OVERSEA MARKET. (we work with highly financial qualified buyers that are seeking to purchase multiple investment condominium units*

Chinese Speaking Agent in NYC – Specialty with Parents buy for Children Five Big Tips

My name is Eileen Hsu (許雅嵐), I am a Chinese Speaking Real Estate Agent here in Manhattan New York, we have helped many Chinese Speaking buyers (parents) buying for their son or daughter that is currently living in New York city for work or school. Myself and my team covers various neighborhood of Manhattan from South of 125 Street all the way to Financial District. We also cover some certain neighborhoods of Brooklyn such as Brooklyn Heights, DUMBO, Williamsburg, and Downtown Brooklyn.

If your parents are buying the property for you, here are Five Big Tips:

  1. If you or your parents are new to Manhattan New York market, please know that there is condo and coop market. There is about 20-30% price difference between both housing product if we are comparing to two similar location, building condition, exposure and etc condo and coop. If you are looking at properties online, it is important for you to know that not all coop will accept a parents buying for children scenario. In fact, most coop that will accept parents buying for children require the young adult to have a good income job with minimum of two years of working history.
  2. If the parents are buying a condominium for child, in Manhattan New York, condo prices are commonly estimated by price per square foot. And the average price per square foot would be around $1,000 per square foot for Manhattan Condominiums, this exclude grand renovation, spectacular views, nor new construction. This price per square foot will vary based on location, condition, building amenities, size and many other variables. At $500,000USD, we will be looking at studio/alcove studios. At $750,000 USD, we will be looking at one bedroom condominiums. At $1,200,000 USD, we will be looking at two bedroom condominiums. Again, this is just a approximate price range for information purpose. Call (646)644-6929 to discuss your specific needs.
  3. Time frame: What is your time frame as to purchase a condo or co-op here? Does your child have a lease that may expire soon? If there is no financing involved, a resale condominium requires about 30-45 days to process a condo application once the contract is signed. If it is a Co-Op, it can take anywhere from 90 days to more to process the co-op board package and interview. If you need financing, the process can be much longer for both Condo and Co-Op.
  4. Funds: Is this going to be an all cash transaction? Or is it going to be financing? Prepare your funds and liquidate out of any money market for the down payment is essential. In Manhattan New York, at contract signing, we will require 10% of purchase price as down payment (deposit, earnest money). If you need financing, the bank may require you to put down 20% or more of the purchase price in order to obtain financing.
  5. Title of the property: Many of our buyers structure deals differently based on their specific needs and financial picture. Some prefers to co-purchase the property with their young adult child, some prefers the young adult to take title on their own, some prefers to establish an LLC (limited liability corporation) or a trust to hold the Real Estate. According to your needs, we can make some suggestions and also direct you to an expertise attorney who may be able to advise you better.

If you and your parents are from out of town (another country or another state), you may want to let them know that Manhattan Real Estate market is unique and unlike anywhere else in the world. The purchase process is different than anywhere else they are from. If they are not sure of the purchase procedure, contact us directly at(646)644-6929 so we can help explain it better to them. Call us today so we can help you navigate through the Manhattan Real Estate maze. We work hard to help you have a stress-free purchase. Call Eileen Hsu (許雅嵐) at (646)644-6929 now to discuss what kind of Manhattan Condo are best suitable for you.


Manhattan Condo investment Under $500,000 USD

Manhattan Condo investment Under $500,000 USD is a popular request We receive several phone calls a day from investors and first time home buyers looking for properties under $500,000 USD.  Savvy buyers are on the market right now looking for a condo as their long term investment. Our team is active on the market and have a list of the best Manhattan Condos within that price range if that is what you are looking for.

Manhattan Condo investment Under $500K-Midtown Park Avenue Studio condo $499,000. (Rental value range $1,800-$2,150)* Approximately 500 Square foot, full time doorman building with pre-war details. This building is situated in the Midtown of Manhattan, conveniently located near all major subway stations and transportation. (monthly combined common charge and Real Estate taxes are approximately $900.)

Manhattan Condo investment Under $500K – Kips Bay recent construction Studio Condo $498,000. (Rental value range $1,650-$1,900)* Approximately 450 Square foot. Full time doorman concierge building. Health club, residents lounge, roof deck and laundry every floor. This particular apartment also features Empire States Building view. (monthly combined common charge and Real Estate taxes are approximately $850)

Last Manhattan Condo investment Under $500K-Grand Central station neighborhood Studio Condo $425,000 (Rental value range $1,800-$2,200)*CURRENTLY TENANT OCCUPIED FOR $2,200. This condo is located in one of the best neighborhood in Manhattan, it is close distance to Grand Central Station, major subway stations, and office buildings. This condo building has 24 hours doorman, swimming pool, fitness center and racquet ball court. (monthly combined common charge and Real Estate Taxes are approximately $700)

Manhattan Condo Under $500,000 are popular among pied-a-terred or second home buyers. Besides servicing the local market, we also work with many buyers from out of town, oversea foreign buyers. Manhattan New York is a city that everyone loves and would like to own a piece of. Our out of town buyers look into studio apartments as a long term investment as well as second home for them when they visit the city of Big Apple.  Not only it is a wise investment, they save the hotel expenses when they or their family/friends visit the big city. Especially during holidays, many of our out of town past clients come into Manhattan New York to enjoy the festive lights and the holiday energy that this big city has to offer.
To find other similar Manhattan Condo investment Under $500,000 USD that suits your needs, please Contact us for your own Real Estate consultation call (646)644-6929 or email EileenHsu(@)Gmail.com

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We are both English and Chinese Speaking Real Estate agents here in Manhattan New York with extensive market knowledge. In addition, we specialize in connecting the local Manhattan sellers with both local and international buyers with our preferred buyer networks. Call (646)644-6929 today.

Manhattan Condo Tour: We are Chinese speaking Real Estate Agents in NYC!

Yesterday, our team started our 2009 Sunday afternoon Manhattan Elite Condo Tour.  The property prices ranged from $5 million to $13 million. We had about 20 or so buyers and their family and friends to join us on this fantastic tour. We received over 50+ inquiries in the first week of the launch of this campaign, and we will continue our tour scheduling for the year of 2009.  The tour features some of the best condominiums for oversea buyers, both as a second home and as investment property.

每周日下午, 金屋网组织曼哈顿高级康斗参观团(Condo Tour). 每周参观的地段不一. 欢迎免费报名参加. 参加者会收到一份分析纽约曼哈顿房地产市场的最新资料”曼哈顿地产必读”.请输入您的姓名, 电话和Email, 以便收到最新康斗免费公展信息.

Our first stop was ‘The Veneto’ 250 East 53rd Street, it is a 34 story full service building of Composed Perfection. Great amenities at the Veneto condo residences include the Fitness Lifestyle by Equinox, including Private Fitness Center and Fitness Concierge Services and the children’s play room, aptly named “Arcobaleno,” are perfect retreats for residents.

Our buyers absolutely loved the building, the location, the finishes of the kitchen and bathrooms. Some commented that the bedrooms were smaller than they preferred, but they were delighted to see that there was ample closet space in each room, and they were all in awe with the unobstructed views of the Manhattan Skyline!

Our Second Stop was the Milan, 300 East 55th Street. The buyers were very impressed by the design and style of the building lobby. They thought it was very grand, spacious and airy.

(The lobby and atrium club room were designed by Jay Valgora of Studio and the outdoor bamboo garden was designed by Ken Smith. The building has an 8-story base and chamfered corners and some angled windows.)

300 East 55th Street, Eileen Hsu

在房地产买卖中, 最重要的第一条原则是房地产的地段和位置. 曼哈顿住家房地产的位置更加重要. 因为曼哈顿面积很小, 不同地段的公寓特点独特, 位置不同, 价值完全不一样. 买不同的地段之前, 必须了解曼哈顿区域和地段. 曼哈顿可以分为以下几个地区:上城东区(Upper East Side), 上城西区(Upper West Side), 哈来姆(Harlem), 中城东区(Midtown East), 中城西区(Midtown West), 桥西区(Chelsea), 格林威治(Greenwich Village)和东村区(East Village), 叟湖(SOHO), 和华尔街金融区(Financial District).

不同的投资者, 有不同的投资目的. 一般来说, 上城东区, 上城西区, 中城西区, 中城东区, 桥西区和华尔街金融区, 有不少位置优异, 条件最佳的高级公寓, 房屋交易频繁, 非常活跃, 保值的因素最佳,出租市场更加活跃. 当然其他的地段也看到很多升值的现象. 我们房地产经纪人的主要工作是协助您找到最佳地段, 最佳公寓, 最合适你的投资目的. 帮助你找到您最喜欢的高级公寓. 我们也可以提供您的房屋出租服务.

Our third Stop was 207 East 57th Street, Place 57. Place 57, grandly located at one of the world’s most international addresses, is an inspired work of architecture thoughtfully interpreted to offer the intimate and embracing elements of home. Rising a graceful thirty-six stories, this arresting glass tower created by acclaimed architect Ismael Leyva consists of sixty-eight luxury residences. Our buyers loved the location, thought it would be very easy for them to travel to work in the morning and also be able to dash out of Manhattan on the weekend since it is right by the out of town bridges.

很多人可能认为纽约曼哈顿的房地产很难购买, 不知道从哪里开始. 我们的网站和服务, 不仅提供地产市场分析, 市场走向分析, 中国人购买房地产的特殊问题, 曼哈顿区域地段知识, 新建高级公寓购买问题, 而且提供房地产有关法律规定, 房屋贷款问题, 以及美国个人所得税和财产税问题的答案. 我们会帮您建立你的团队, 协助您在纽约找到最佳的房地产.

Last stop, we were uptown near Central Park in a Prewar building. It was a loft apartment with a massive layout of over 3,000 square feet. The seller was kind enough to provide afternoon refreshments including, coffee, tea, and pastries to allow our buyers to have a rest and enjoy the scenery. We were able to discuss with each buyer individually what they were interested in and their overall goal in purchasing and investing in Manhattan Real Estate.

High Ceiling loft apartment makes the entire space feels airy and unique. Our buyers were very pleased with this space and thought it was great to be able to live right on Central Park.

In short, our Condo Tour was a huge success. We want to thank all the buyers that attended our tour. We will continue to have the tour in different  price ranges and Manhattan neighborhoods. It will all be condominiums that are friendly for foreign buyers as second home, investment, pied-a-terred. So they too can have their very own piece of Manhattan. Please visit our website to register or to find out more information please visit: http://www.ChineseBuyNYC.com

*BUYERS AND INVESTORS, we also cater property tours for other language speaking foreign nationals or private one-on-one consultation and tour. For a tour that is specific to your needs, please contact us for specific details)*

*SELLERS AND DEVELOPERS, WE SPECIALIZE IN FOREIGN NATIONALS PURCHASING MANHATTAN CONDOMINIUMS/REAL ESTATE INVESTMENTS. CONTACT US TODAY TO DISCUSS HOW YOU CAN BENEFIT FROM WORKING WITH OUR TEAM TO MAXIMIZE YOUR MARKETING EXPOSURE TO OVERSEA MARKET. (we work with highly financial qualified buyers that are seeking to purchase multiple investment condominium units*

Foreigner buying in Manhattan NYC Part 1: basic knowledge of Condo vs. Coop vs. Condo-op

This is part 1 or 3 parts of Foreigner buying in Manhattan NYC: As active and successful Manhattan Real Estate professionals, we often receive inquiries from foreigners wanting to invest in Manhattan New York. It is essential for Foreigner buyers or out of town buyers understand the housing market here in New York city in order for them to decide what is a best investment for them.

Foreigner buying in Manhattan NYC, basic knowledge of Condo vs. Coop vs. Condo-op:

Generally coops do not allow foreign buyers to purchase into the building because it causes uncertainty and they know that they will not be able to pursue them legally if a situation arises. Also, generally the coops do not allow subletting (renting), unless under special circumstances.

Can Foreigner buying in Manhattan NYC buy Co-ops? the short answer is no. A phenomenon that’s limited almost entirely to Manhattan, cooperative apartments have been the traditional form of owning an upscale apartment for close to a hundred years. In fact, in New York City, 85% of all apartments available for purchase – and almost 100% of the grand pre-war apartments on Fifth, Park and Central Park West – are in co-operative buildings. Co-ops are owned by an apartment corporation. When you purchase within a co-op building, you’re purchasing shares of the corporation that entitle you, as a shareholder, to a “proprietary lease.” Generally, the larger your apartment, the more shares of the corporation you own. Co-op shareholders contribute a monthly maintenance fee to cover the building expenses. The fee covers such items as heat, hot water, insurance, staff salaries, real estate taxes and the mortgage indebtedness of the building. Portions of the monthly maintenance fees are tax deductible due to the building’s underlying mortgage interest. Also, shareholders can deduct their portion of the building’s real estate taxes.

A Co-op Board of Directors has the ability to determine how much of the purchase price may be financed and minimum cash requirements. Subleasing a co-op can be difficult. Each co-op has its own rules and they should be carefully reviewed prior to application to purchase. Most of the Co-Ops prefer owner occupied the apartment to create a sense of community instead of leasing out to others. For this particular reason alone, buying Co-Op as investment may not be suitable for foreigners or investors.

All prospective purchasers must interview with the Board of Directors. Prior to the interview, prospective purchasers prepare a detailed “Board Package” which usually contains personal and professional letters of recommendation as well as a great deal of personal information concerning income and assets.

Can Foreigner buying in Manhattan NYC buy Condominiums –

The answer is YES. As more and more new buildings are constructed in New York; condominiums are fast gaining in number and popularity. It’s not surprising. As opposed to a co-op, a condominium apartment is “real” property. A buyer receives a deed just as though he or she were buying a house. Each individual apartment in a condominium receives its own tax bill. There is still a monthly common charge similar to the maintenance charges in a co-operative. These charges don’t include your real estate taxes and are not tax-deductible. The monthly carrying charge also tend to be lower than in co-ops because there is no underlying mortgage for a condominium building. The straightforward nature of buying a condo coupled with the fact, that in some cases, you can finance up to 90% of the purchase price and sublet them at will, makes condominiums the number one choice for flexibility. (in today’s market, lenders do seek more than 10% down payment to purchase even though condo board will allow 90% financing.)

Can Foreigner buying in Manhattan NYC buy Condo-op? The answer depends on the building and the board of directors. Condo-op is a coop that  functions with condominium rules. Generally there is no board approval and no interview and subletting is allowed from day one.  This however has been changing and some of the Condo-ops will conduct the process just as coop board would.  Some Condo-ops will allow subletting only after a certain time, for example, you must live in the building at least one year before the building will allow you to sublet.  Please be aware that rules in coop and Condo-op can change at anytime and the only way to change these rules is by getting involved.

Part 2 we will discuss buying steps and process and part 3 about financing options for foreign buyers. Please visit us below to see other foreigner buying in Manhattan NYC related blog series:

If you are a foreigner or out of towner that would like to invest in Manhattan New York, please call us today at (646)644-6929 to discuss your specific needs. We have years of working experiences facilitating international/oversea foreign buyers and out of towners finding the right Manhattan New York Real Estate investment. TO DISCUSS HOW YOU CAN BENEFIT FROM WORKING WITH OUR TEAM. CONTACT US AT (646)644-6929 Today!