Monthly Archives: April 2012

One World Trade Center Freedom Tower-New York City’s tallest building

Today April 30, 2012, One World Trade Center, also know as Freedom Tower has technically became New York City’s tallest building. Today, the workers erected steel columns on the 100th floor, 1,271 feet above the street, to make it stand 21 feet higher than the Empire State Building’s observation deck.

Lower Manhattan especially in Financial District has becoming a very popular and residential neighborhood in the recent years. We have sold many units to savvy international investors knowing that this is the neighborhood to watch and to invest now. The completion of the World Trade Center will bring in much more retail space, large transit hub, and many more international residents into the neighborhood and area. We believe this is a great neighborhood to invest and keep an eye on for so many reasons.

If you or someone would like to invest in Manhattan New York today and want to work with market experts to advise you which neighborhood has the highest appreciation potential to invest, we encourage to give us a call today at (917) 837-8869 or email us.

How much down payment does Foreign Buyer need to buy One Bedroom condo in Manhattan New York

How much down payment does Foreign Buyer need to buy One Bedroom condo?

There is no clear cut answer to how much down payment a foreign buyer will need.

Through our many successful experiences helping foreign buyers, we can provide you some ideas as to what to expect if youare thinking about financing or obtaining mortgage in the United States.

If you are a foreigner national thinking of buying in Manhattan and want to obtain financing by US bank, you will need to prepare many documents and substantial amount of down payment in order to satisfy bank’s requirement and qualification.

On various property websites, perhaps you see Manhattan condominium buildings only require a 10%

down payment. Keep in mind that 10% is what each condo requires, but each bank will require much down payment more depending on each of your situation. Here are some different factor that will determine how much down payment is required:

  • How much is the loan amount (the money you want to borrow from the bank)
  • Different Type of Loan
  • Your financial profile ( you may have to provide your home country bank information so the US bank can verify your assets or possibly ask you to open up a US bank account)
  • The building you are interested in (US bank will evaluate each condo building and decide if the bank would want to lend in that building.)

It is in our experience that unless you have started the loan application, the bank will not be able to provide you their approximate estimation for the down payment, but usually the down payment is minimum 30% of the purchase price of the condo.

Many of our foreign international buyers put down payment 30% to start, sometimes up to 50%, it will really depend on the factors we mentioned above.

If you are thinking of buying a $1,000,000 condo in Manhattan New York, your down payment is going have to be at least $300,000. (this does not include your other closing cost of a condo)

Many foreign international buyers are not familiar buying in Manhattan New York, we helped them through the buying process and everything they need to know about the market and how Manhattan New York works here. If you are thinking of buying Manhattan condo, call us today (917)837-8869, or email us so we can talk about what you need to prepare before your trip to NYC.

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New York Rockefeller Center in Midtown Manhattan (SPRING)

Rockefeller Center in Midtown Manhattan New York

Rockefeller Center is one of the most iconic landmark in Midtown Manhattan New York. This is also where the famous Christmas Tree is during the holiday season. This is also the home of television station NBC is located, TV programs such as The Today show, 30 Rock, SNL Saturday Night Live, Jimmy Fallon, and few other great shows are filmed or originated at this location.

The television station NBC also have NBC Studio Tours that you can purchase tickets to tour around the building and in different studios, control room, and other behind the stage cool spots.  Another fun tour to do is TOP OF THE ROCK Observation deck, it is 70 stories high and there are spectacular Central Park and Manhattan skyline view once you arrived at the observation deck.

Be sure to visit New York Rockefeller Center next time you are in New York city. If you would like to find a home here in Manhattan New York or near Rockefeller Center, work with us the market and neighborhood experts. Call us today at (917)837-8869 so we can guide you through the process.

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Manhattan New York Street Fair on Spring or Summer weekends

We love Manhattan New York, it is a great city to be at!

One of the cool reason to love New York is its fun Street Fair when the weather gets warm in the Spring/Summer time on the weekends. Either on a Saturday or Sunday, the city of Manhattan shut down a part of the Avenue and city blocks for few hours to host street fairs. The street fair is packed with vendors with exciting ethnic or traditional eats (sandwiches, corn on the cob, barbecue or popcorn) or small stands that sells everything from iPhone cases, Music CD/DVDs, dresses, rugs to small handmade jewelry…array of little things.

Today we were running some errands and happened to walk into a street fair, weather was perfect for it. This particular street fair is the Sixth Avenue Chelsea Festival (Sixth Avenue between 23rd Street to 32nd Street).

(when we looked up, we can see the iconic Empire State Building.)

We live and work in Manhattan New York, we have true passion for this vibrant city. We know Manhattan New York neighborhoods and all the great things to do in the city. If you are thinking to relocate to Manhattan New York, contact us today at (917)837-8869.

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Beautiful Easter Sunday in Central Park

Beautiful Easter Sunday in Central Park
We love New York, and we especially love Central Park, the city oasis. We are full time Real Estate agents live only few city blocks away from this gorgeous park in the center of island of Manhattan.

Easter Sunday was a beautiful day, temperature was in the 60s, Manhattannites took the time to soak in the sun and relax on the green lawn whereever possible. We also took a stroll in the Park to catch some sun rays ourselves.

If you would like to find a home near Central Park and would like to work with neighborhood experts, we can help.

We are full time Real Estate agents live near Central Park in the Upper West Side neighborhood of Manhattan New York we invite you to give us a call today at (917)837-8869.

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Manhattan New York Street Fair

Spring Flowers display at Rockefeller Center in Midtown Manhattan