Tag Archives: Manhattan Condo Tours

Mandarin Speaking Agents in NYC

Eileen (許小姐) is Chinese and English speaking Real Estate agent here in Manhattan New York. Eileen is also a Vice President 副總 of prestigious Manhattan Real Estate firm Prudential Douglas Elliman. She is Ranked in the Top 2% of Sales Professionals & Teams in the United States Prudential Real Estate Network. 我能說流利的普通話和英語。(http://www.ChineseSpeakingAgent.com) Eileen has a team that service both sellers and buyers of Manhattan New York market.

幫兒女買紐約曼哈頓公寓Chinese parents buy Manhattan NY condos for son or daughter

Chinese parents buy Manhattan NY condos for son or daughter

中國父母幫兒子或女兒買曼哈頓紐約的公寓

Many of our buyers are Chinese parents from out of town or country to buy a luxury condo for their son or daughter.

Asian parents knows the value of sending son or daughter to go to school in United States or aboard, New York is one of the US city that is on top parents lists.  New York has a very unique and different market than other parts of the world. Buying condo in Manhattan New York can be complicated and stressful if you are not team up with the right agent as this is a very unique market place unlike anywhere else in the country or world. Many parents who are buying for their son/daughter that goes to school (New York University, Parsons school of design, School of Visual Arts, Columbia University, music school, other well known schools) or simple work in Manhattan New York.

Few key steps to prepare and understand before your home search

  • Time frame – is your son or daughter current renting an apartment? This is important to know so you can plan ahead.
  • Location – Location is everything in buying Real Estate. Where is the school son or daughter will be going to? Or where is their office? Would you prefer a neighborhood that is closer to where they will be going to daily? Or any specific preference? Manhattan New York neighborhoods vary, many convenient and central neighborhoods are in very much high demand. The buyers for those particular neighborhood must act quickly if they see a property they like.
  • 45 days to 60 days IF YOU PLAN ON PURCHASE IT ALL CASH, cash means money in your bank account, this does NOT include any offshore financing or creative financing. (this does not include New development or new construction buildings. If new buildings, it can be much longer depending on the building, or it can be quick) Typically, the quickest we can close would be 45 days.
  • 60 days or LONGER if FINANCING: If you are planning on financing this investment, be sure to speak to a local Manhattan lender that is familiarize with the market, the lending rules, and the mortgage products that may be suitable for you and your son/daughter.
  • Experienced and efficient Bilingual Real Estate Agent: We are the top producing team that is bilingual in Mandarin Chinese and English. We are also the Manhattan New York market experts to educate you the housing market. Working with us will help you find the most ideal condo for your son or daughter and stress free transaction.
To avoid any delay or issues during your home search for your son and daughter, it is advantageous for you to team up with agents who have the experience to ensure a smooth process. You may have purchase homes in your home state or country before, but Manhattan New York is a very unique market, and Real Estate is local so it will benefit you as a buyer to best prepare so you do not waste anytime if you plan to visit NYC and identify a property for your son or daughter, call us today to plan this purchase today.

若您或您有認識的人想在曼哈頓置產,請您來電給我們(646)644-2929。以我們豐富的交易經驗提供您最完美最完善的服務。我們也提供客製化置產投資諮詢,依您的需求為您找到最好的置產投資計畫。

https://chinesespeakingagent.com/contact/

Manhattan New York Luxury Penthouse with a Pool – 有游泳池的頂樓房

Manhattan New York Penthouse with a Pool – 有游泳池的頂樓房

Your very own private pool from your Manhattan Penthouse Condominium.  A private pool, not just an outdoor shower or Hot Tub is the epitome of rarity and luxury for a Manhattan penthouse condominium.

Many of Manhattan New York buildings will have a pool as part of the amenity package, these pools are exclusive to the building residents,  however your very own private pool is extremely rare.


In Manhattan New York, there are very few condominium with their own private pool, usually less than a hand full. Even then it’s not a guarantee that there will be an apartment with its own private pool.

There are multiple layers of challenges in constructing a private pool on top of any high rise condominium, along with that difficulty comes with it the luxury of being able to walk out onto your roof top deck or terrace and going for a swim anytime you want. (photo courtesy of Mandarin Oriental.)

If you are looking for a private pool as an absolute necessity, you will be either looking at a penthouse condominium or also a townhouse property. There are more townhouse residences that have built in pools in the lower levels of the building than there are penthouse condominiums with roof top pools.

Manhattan NY Penthouses with a private pool starts in the $15,000,000 range.

We have full access to Manhattan New York Penthouse availabilities.

Our team are experienced and knowlegable in Manhattan New York Real Estate market. Many of Eileen’s past clients work with her and her team because of our aggressive approach in searching for their one of the kind unique Manhattan penthouse. They are also very satisfied with our detail oriented service faciliating every step of the way to ensure a smooth purchase for these very busy and important penthouse buyers.

Eileen Hsu is also a bi-lingual Chinese and English speaking Real Estate agent that have worked with many top Asian CEO and business executives in finding their Manhattan New York Penthouses, often they used the New York Penthouses as their vacation home or a future investment when their young children decide to go to School or Universities in New York.

Penthouses with a pool is hard to come by, to be on the VIP list on the first notification basis on the penthouse you wish to purchase, call Eileen Hsu and her team today at 646 644 6929 or email us (https://chinesespeakingagent.com/contact/) .

How to make an offer and buy a Manhattan New York Condo

Manhattan New York Real Estate market is an unique market place, we work with many out of town and international buyers who brings their own ideas and previous experiences of Real Estate transaction into this market place and realize that there is a different way to complete a Real Estate transaction in Manhattan New York. Working with us, we will educate you not only the market, we will also educate you through out the entire Manhattan New York condo buying process.

Unlike other parts of the country or world, when a buyer makes an offer on a property here in New York, the offer is made through us, the Real Estate agents and the buyers do not sign any contracts or purchase agreement when making an offer.

Real Estate professionals DO NOT WRITE the contracts here in Manhattan New York. Title companies DO-NOT schedule the closings here either. Manhattan New York is an Real Estate attorney state, therefore all closing arrangements are done through Manhattan New York certified Real Estate attorneys. Both buyer and seller will each need an attorney to represent each party. We work with experienced Real Estate attorneys that we will able to recommend you one that best suited for your purchase.

To make an offer in Manhattan New York in the case of Manhattan New York condominiums, as a buyer you will need:

  • Proof of funds: if it is all cash, a bank or stock statement demonstrate that there is enough cash to make the purchase (ideally a United States bank or stock statement). If it is financing contingent, pre-approval from a United State bank is a must.
  • Any contingencies: in Manhattan New York, the common contingencies includes financing contingency to ensure bank will lend, funding contingency to ensure bank will fund(wire money) the transaction, and other sale contingency; if there any prior sale need to happen in order to make the new purchase. Manhattan New York Real Estate market usually do not have ‘INSPECTION’ period especially in Manhattan New York market place, most are condominiums or cooperative structure, inspection is often for Townhouses or single houses only, therefore, there is usually NO INSPECTION contingent as other parts of the country. Manhattan New York condominiums are purchased AS IS.
  • Closing date: This will depend on if you are buying a new condo or a resale condo. If it is a new condominium buying from sponsor, and the condo is ready, the closing date can be as soon as one to two weeks. If it is a new condominium and the construction is still on the way, then this time frame varies. If it is a resale condominium, if the owner is ready to move, and the transaction is all cash, then the time frame can be 45 days as soon as condo board approves the condo application. If financing for a resale condo, this time frame can be 60-90 days or more.
  • Personal Financial statement: This is sometimes required depending on the property (or if cooperative) and if there are other multiple bidding scenario. The personal financial statement includes all assets disclosure such as bank statements, 401K, retirement funds, other owned real estate, other mortgage or liabilities and etc. Full disclosure is a must if it is a Manhattan New York cooperative disclosure.

Once the offer is verbally accepted by the owner (seller), then we will have to provide a Real Estate attorney information immediately to start the contract. We work with a team of experienced Real Estate attorneys that we will able to recommend you one that best suited for your purchase.

Manhattan New York condo buyers frequent asked questions:

If you or someone you know would like to buy a condo in Manhattan New York condominiums, please call us directly today at (646)644-6929 or contact us (https://chinesespeakingagent.com/contact/). We specialize in Manhattan New York condominium market and have experiences selling Manhattan New York condos in different neighborhoods, we offer confidential consultation customize to your specific investment needs.

Dorchester Towers Condo-155 West 68th Street NY NY 10023

Dorchester Towers located at 155 West 68th Street New York NY 10023 is located in one of the most prime Upper West Side Condos locations. Just blocks to Lincoln Center, Dorchester Towers is one of the longest established Upper West Side Condo buildings.

This Upper West side condo was built in 1965 originally as a rental building when the Upper West Side was still an up and coming neighborhood. Dorchester Towers at 155 West 68th Street is now in one of the most desirable and convenient Upper West Side locations. Converted in the late 1980’s into a condominium building Dorchester Towers Condos is a full service doorman building. Dorchester Towers has a roof top deck, laundry on every floor, bike room, on-site management, and circular driveway.

Dorchester Towers has some of the most attractively priced Upper West Side Condos Sales and Rentals available. Whether you are looking for a Upper West side One bedroom condo or two bedroom condo for sale, Dorchester tower condo may be the the building for you.

At Dorchester Towers, Dorchester Towers is one of the most desirable Upper West Side Condos buildings. If you are looking to purchase a Lincoln Square Condo contact us at (917)837-8869 or (646)644-6929 today.

Checklist for Manhattan New York Condo Buyers

We are Manhattan New York Condo specialists, we work with many out of town first time investors and buyers that would like to acquire a Manhattan New York condo as part of their investment portfolio.

We often have a check list of basic steps to educate the buyers as to how to get started. Here is a good check list:

  • Consult with a reputable lender or mortgage consultant to see how much can you finance in today’s market. In today’s market, lending guidelines are changing by the day, it is in your best interest to see what will it take to qualify for a loan.
  • Do speak to your banker if you have money in bonds and money market. Find out how many days will it take to liquidate your funds so you know once we have a verbally accepted offer. Often in Manhattan New York market place, the seller seeks 10% of the sales price as downpayment at the time of signing contract. With that being said, if you are buying $1M Manhattan condo, you will need $100,000. at contract signing.
  • Do your homework on finding an Real Estate agent to work with. What is it that you are looking to buy? You want to find an agent that is familiar with the product that you are interest in buying. We are very well versed in Manhattan New York market, we have sold many Manhattan New York condos to first time home buyer, first time investors, foreign internationals, parents buying for children and many serious and motivated buyers. A Condo or Co-Op? Uptown or Downtown? Do you speak specific language that you preferred the agent speaks your mother tongue? Do you need an agent that work specifically with foreigners? Go on a search engine such as Google, try type in what you are looking for, and see if any agent shows up on the search result.
  • Do Have a realistic budget of what you are looking for. Manhattan New York condo is approximately $1,000 per square foot, so unless you are looking for a 500 SF one bedroom, you will need more than $500K to buy a one bedroom condo. (the price will also depend on the building amenities, such as fitness center, residents lounge, roof deck, basketball court, swimming pools and etc.)
  • Do speak to an accountant to see if you need to structure the purchase in a specific way to enjoy the tax deductible benefits of buying a Manhattan Real Estate. If you are a first time home buyer, is it beneficial to co-purchase the condo unit with your parents or alone; If you are an foreigner, is it better to buy it under your own name or start an LLC?; If you are an out of town investor, is this purchase going to be an investment property or?
  • Do have a Manhattan New York Real Estate attorney ready. Manhattan Real Estate transaction requires each buyer and seller to have an attorney representing them in drafting and finalizing the contract. A good attorney can save you headachs, money and risks, ask your agent to refer you (3) attorneys so you can call and interview. Explain to the attorney what you are planning to do, and see which attorney you feel most comfortable to work with.

If you would like to find out more information or learn about more Manhattan New York investment opportunities, please contact me today.  Email us today (http://manhattannycondosforsale.com/contact/) call (646)644-6929.

Manhattan New York condo buyers frequent asked questions:

TriBeCa-Manhattan New York

Tribeca was one of the first Manhattan neighborhood’s named after the area that it is located in.

The Triangle Below Canal Street is located between the Hudson River and Lafayette Street and running approximately from North of Battery Park City up to Canal Street it’s northern border.   The neighborhood was historically known for it’s light manufacturing and warehousing businesses.

Much like Soho, it’s very well known and desirable because these former industrial buildings were converted into residential apartments, most notably the loft apartments.  Behind the facade of these historical buildings are tremendous voluminous spaces with great ceiling heights, over sized windows and typically luxuriously appointed.  The unique nature of these lofts creates an open and airy feel that has been and will continue to be in high demand.   Desired not for just it’s architecture but Tribeca has a wealth of neighborhood amenities.  Popular shopping, restaurants, cafes are found throughout the area.

New condominium development such as One York, 200 Chambers, 101 Warren, Pearline Soap Factory, among others have been a draw for this neighborhood. With it’s general proximity to many other downtown neighborhoods along with the individual characteristics have made the neighborhood a very popular Manhattan residential neighborhood.

Other Fantastic Manhattan Neighborhoods:

Manhattan NY Condos FAQ: Who can fix my condo if something breaks in my Manhattan NY condo?

We are Manhattan New York condo specialists, often we are asked by our buyers of series of questions that are regards to the unique Manhattan New York condo markets. We will be answering these frequent asked questions and hope to help other buyers who are interested in buying or investing in Manhattan New York condominiums.

Working with many Manhattan New York condo buyers who are from out of town who are more familiar with single family house, we are often asked “Who can fix my condo if something breaks in my Manhattan NY condo?. Many of our buyers purchase their Manhattan New York condo as second home, investment or for their son/daughter who goes to school or works in Manhattan New York. Maintaining the condo in good shape is on top of their list. (photo courtesy of http://www.life.com/image/98450283)

Owning a Manhattan New York condominium is different than owning your own single family house. When you own a Manhattan New York condo, you are an owner of a special community. This community often consist of other condo owner residents, building staff (doorman, porters, handyman and superintendent) and building management. When and if something breaks in the property, you can contact either the building management or superintendent to have a look to see if they can help you fix it. Depending on what the repair will be, if it is minor, the building handyman should be able to help you resolve the issue. Issues such as declog the drain, toilet, faucet, to proper running of hot/cold water, heat and cold air. These are items that the building maintenance staff can help you with, if the building staff can not fix the issue, they usually can and will recommend another specialist (plumber, electrician and etc) that will repair or look after the issue.

The condominium community with a maintenance team and support system is most ideal for buyers who has a busy lifestyle or out of town buyers/investors. With a phone call, or email to the management or the condo maintenance department, your toilet or heat can be fix before you get home from work. This is one of the huge benefit in buying in Condominium community.

EMAIL US TODAY for your own questions: http://manhattannycondosforsale.com/contact/

If you or someone you know would like to buy or sell Manhattan New York condominiums, please call us directly today at  (646) 644- 6929. We specialize in Manhattan New York condominium market and have experiences selling Manhattan New York condos in different neighborhoods, we offer confidential consultation customize to your specific investment needs.

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.


100 West 39th Street-Bryant Park Tower

100 West 39th Street: BRYANT PARK TOWER: DOUBLE PARK VIEWS from this CORNER 38th Floor Condo unit. It is Overlooking Bryant Park, with Views of The Chrysler Building, Dramatic Manhattan Skyline and Through Central Park and Beyond! Sparkling, Bright, with Huge OverSized windows, this Sunswept North East One-Bedroom Sanctuary features Bamboo Floors, Separate Dining/Office Area, Fabulous Closet Space, Sleek translucent Italian Iceglass doors, Limestone thresholds, and a Dream Kitchen with White Oak cabinetry, White Marble countertops, Lightolier lighting and Never-Used Appliances, all with a Soothing Spa-Like Pristine Bathroom outfitted with an Ivory Porcelain floor, Zuma tub, Heated Mirrors, Italgraniti Ceramic tile! This Top Condo with Doorman, “Quintessentially” concierge service, Free Laundry facilities, fitness room with flat screen TV’s, Parking. Located in the Heart of the City.

88 Greenwich Street – Financial District New Development

As Manhattan Condominium Market is seeing some slowdowns in Sales, the new developments sales are also slowing down compare to 6 months ago.  Sellers and Seller agents are working hard to come with creative marketing to help sell more condominiums, developers are no different.

88 Greenwich Street located in the Financial District of Manhattan is one of my personal favorite New Development around. Unlike any other New Development in Financial District, this project has sold out over 90% and the last few units left are up for negotiation if the buyer has the right buyer’s representation.

88 Greenwich Street is 37-story, Art-Deco story skyscraper also known as the Greenwich Club, has been converted from a rental to a condominium apartment.

Habour Room

Library on the main level of the building with Piano bar

Sky Deck on top of the building with River views

Overall, 88 Greenwich is a fantastic project. I love the location, with three subway lines within three blocks, and the Downtown area is growing rapidly. I am told by all of my past clients who bought in the building, they told me the management and maintenance to be great, and the super was very helpful as well.

Contact us today at (646)644-6929 to find the suitable Financial District condos.

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!