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About Manhattan's Fifth Avenue

Out of Town Buyers Must Read before buying in Manhattan New York

Eileen Hsu 許小姐 Manhattan NY Real Estate: Real Estate Agent in Manhattan, NY

We are Manhattan New York Condo specialists, we have many out of town first time investors and buyers that would like to acquire a Manhattan New York condo as part of their Real Estate 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:

  • If you plan on financing, it is essential to talk with a reputable LOCAL MANHATTAN NEW YORK 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. We can recommend you several experienced bankers to ensure you are working with someone that is reputable.
  • Do your homework on the agent you decide to work with. We have successful track record and great testimonials from our past clients. 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 or different internet search engine, 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.)

We work with many buyers that is new to Manhattan New York market place, we educate about Manhattan New York Real Estate market,buying process and all the steps along the way we are there to ensure the transaction is smooth and stress free. If you are searching to purchase a Manhattan New York condo, whether for investment or second home, we encourage you to give us a call today at (917)837-8869.

International-foreigners buy NYC Flats Questions & Answers Part 1

Eileen Hsu 許小姐 Manhattan NY Real Estate: Real Estate Agent in Manhattan, NY

International-foreigners buy NYC Flats Questions & Answers Part 1

We have an international clientele from all over the world, many of them refer NYC condos or apartments as 'flats'. Buyers from United Kingdom, Ireland, Australia, Singapore, Malaysia, Hong Kong and few other countries often would use the term 'flats' for these condo units.

We as Manhattan Real Estate property agents,
we work with many international foreigners wanting to buy a NYC flat or flats. Our job is to educate buyers about our unique Manhattan housing market before their arrival, discuss what they have in mind, type of NYC flat they prefer, and the price range they would like to spend. Based on their initial criteria, we can then recommend them the best strategy and process to go about their purchase for NYC flats.

When foreigner plans to buy an NYC Flat, they often have a list of common questions, we have compiled a list to better inform them. Here are part 1 of the questions and answers.

Can Foreigner-international buyer buy a NYC flat without having United States Social Security Number or United States residency?
Yes, foreigner-international buyer can legally buy a NYC flat, but have to meet the NYC Condo board’s requirements for approval. At the sale of the real property, Non-resident aliens (foreigners) are subject to federal withholding tax at 10% of the gross sales price, and to a 8.97% New York State estimate income tax on the net sales proceeds (gains).

Can Foreigner international buyers with work visa or student visa buy NYC flats?
Yes, foreigner-international buyer can legally buy a NYC flat, but have to meet the condominium/coop board’s requirements for approval.

Can Foreigner international buyers obtain United States mortgage financing? 9 out of 10 of our foreign international buyers prefers to purchase the NYC flats with all cash. It is very difficult for Foreign international buyers to apply for an US mortgage in today's market place, it is advisable if possible for the buyers to obtain financing options in their home country and buy it all cash here in Manhattan New York.

As experts in working with Foreign National buyers and out of town buyers, we are constantly educating the buyers and addressing the misinformation and false assumptions that client bring from his/her home town/country, and culture in order to explain the options, alternatives, and their consequences.

Call us today (917)837-8869 or email us at http://manhattannycondosforsale.com/contact/ to address your specific question or requirement as a foreign international buyer purchase an NYC flats.

Here are some very useful information about buying Manhattan New York condos:

Empire State Building Office Space For Rent

David Argento Commercial Real Estate Advisor New York: Commercial Real Estate Agent in Manhattan, NY

350 Fifth Avenue (Empire State Building), New York, NY, 10017 | located on the Fifth Avenue and 34th Street.

350 Fifth Avenue (Empire State Building) - an abundance of office space for lease.

Call David Argento @ 646.330.5482 to arrange a showing or discuss other NYC office space availabilities.

For more information see: http://www.nycofficespaceleasing.com/350-avenue-empire-state-building-office-space/

http://www.nycofficespaceleasing.com/350-avenue-empire-state-building-office-space/

Apple Store Renovation, 5th Avenue, Manhattan

Mitchell Hall  NYC Real Estate Broker: Real Estate Agent in Manhattan, NY
Weighing in at a reported $6.7 million, the recent renovation of 5th Avenue's Apple Store, reducing the number of glass panes used from 90 to only 15. Additionally, Apple removed protective bollards, installed new pavers around the site, and reinstalled surrounding water drains.
Here's the before and after.
Apple Store Renovation, 5th Avenue Manhattan