Category Archives: Foreigner Buy NYC Condos

Mandarin Chinese Real Estate Agent NYC-Eileen Hsu

I am a bilingual, Mandarin-Chinese speaking Real Estate agents here in Manhattan New York, I have worked with many international students in Manhattan New York in buying their NYC condo during their study or work duration in Manhattan New York. Before we begin home search, I make sure that both the parents and the children has a good general idea about the local Real Estate market, purchase procedure and the help them find the most suitable condo for their needs.

We work with many parents buying for children in Manhattan New York, not just Chinese buyers. Whether if you are looking for a Mandarin Speaking agent or NYC Condo agents that have experiences helping parents Buying a Manhattan New York Condo for children, we are the experienced Manhattan Condo specialists that can guide you through this process and navigate through the Manhattan Real Estate maze.

It is common that many of parents we have work with have purchased properties in other parts of the world or United States, but keep in mind that Real Estate is unique and local, each area has their own set of procedures when it comes to buying Real Estate.  Understanding the local market with the market expert can maximize your investment goal and eliminate any possible issues that may occur.

We thoroughly explain the process and prepare our buyers before begin home search, we have a team of attorneys, accountants, financial advisers and/or other parties to assist the purchase. If you are looking to have a smooth Manhattan Condo purchase, we can help. contact us now at (646)644-6929.下面是其他重要的文章中的信息:

Parents Buying NYC condos near NYU- New York University

International students’ parents buy Manhattan NYC Condos

曼哈頓交易問與答:怎麼在紐約房地產界出價?

曼哈頓交易問與答:誰能幫我維修公寓?

————————————————————————————————

大家好, 我是Eileen Hsu 許雅嵐, 你也可以稱呼 我Eileen. 我是在曼哈頓做地產的經紀人 (Chinese Speaking Real Estate Agent). 今天我們談一談父母親幫孩子買房子有什麼幾點要注意的.

第 一點是, 紐約這邊的房員有百分之八十五是合作公寓, 如果您在網上看到的話就是叫做coop. 另外一種是condo. 那condo是什麼呢? Condo的話,就是有產權的房子. 有產權的房子對我們華人來講是比較方便的, 因為可以自由的出租或者說是轉賣, 不需要委員會的同意或者批准, 只是有些表格要填, 讓他們通過而已. 那如果我們今天要來買房子, 幫孩子買, 大部分的華人是買condo的. 因為這樣子如果孩子以後就職在別州或者是離開紐約, 可以當作一個投資的機會來出租.

還 有,第二點是時間上的關係, 如果說今天您是, 現金買 成交最快也是要四十五到六十天, 四十五天是最快的, 如果你們今天錢已經準備好了在銀行在美國的戶頭. 如果說今天是要貸款, 貸款的話時間就不能掌握了! 因為現在紐約貸款是非常非常的麻煩, 除了貸款人自己要有資格, 第二點銀行還要審核每棟樓,每棟樓都要經過銀行的同意,或者是批准才能借錢. 像過去兩三年前,  只要是您要借款, 你要借錢 ,銀行就願意借給你.

今天您如果要在這裡投資, 或著說幫孩子買房子, 請您跟我來電, 我們可以詳細的談, 我的電話是646-644-6929. 也可以麻煩您打個 e-mail 給我 我會馬上給你們回電好嗎 謝謝!

Koreatown Manhattan New York neighborhood

Koreatown, or commonly referred to as K-Town is a neighborhood in Manhattan generally agreed to be located between Fifth and Six and Avenues from 31st Street to 36th Street. Essentially the location is between the Empire State building and Herald’s Square next to Macy’s in the Midtown Manhattan area. Koreatown is known more as a business district more so than a residential neighborhood.  However there are a number of very popular condominium buildings near the Koreatown neighborhood.  These condominium buildings include 325 Fifth Avenue, 400 Fifth Avenue, 425 Fifth Avenue, 445 Fifth Avenue, 100 West 39th Street, 350 West 42nd Street, just to name a few.

This neighborhood is anchored by what is known as “Korea Way” from 5th to 6th Avenue on 32nd Street. This is the heart of the Koreatown neighborhood.  What this street may lack in cumulative size it more than makes up for in concentration of stores and restaurants.  Known as a 24 hour destination for eating, shopping, relaxation and entertainment you will find Korea Way as a lively and spontaneous destination.  Whether you are looking for both traditional, regional or other combination varieties of Korean food you will find it on Korea Way.  If you are looking for salons, night clubs, bakeries, restaurants, shopping, internet cafes, hotel accommodation, you will find it all on this street.

The Koreatown neighborhood is a neighborhood of close proximity to many of the major tourist attractions in Manhattan, primarily the Empire State building along with the flagship Macy’s store. This combination and general proximity to the Midtown business district and many residential condominiums along with transportation to any location in the city have made the area quite popular.  Very lively with distinct personality, Koreatown is a developing neighborhood as new hotel and condominium buildings continue to be built in the surrounding area.  Whether you are looking for Korean food anytime of day or for hotel and residential accommodations this neighborhood will deliver.

If you are looking for a condominium for sale in the area the anchor buildings along Fifth Avenue or closer to Times Square are very popular. These Fifth Avenue Condominiums for sale include 325 Fifth Avenue, the newly built 400 Fifth Avenue, 425 Fifth Avenue and 445 Fifth Avenue.  These buildings all possess condos for sale that have tremendous views of the Empire State building and Manhattan skyline from their higher floors.  The newer condominium buildings such as 400 Fifth Avenue and 325 Fifth Avenue have a combination of amenities and high end finishes that are highly desired. 

Contact us today (917)837-8869 if you are looking to purchase a Manhattan New York condo near Koreatown.

Read about other exciting Manhattan New York neighborhood by visiting links below:

East Village

SoHo

Gramercy

Financial District

Murray Hill

Midtown

Central Park South

Foreign Nationals Financing in New York city

If you are an international buyer, foreign national looking to purchase investment condo or property in New York city, now there may be financing option available to you. The borrower should meet the following requirement in order to qualify. This is offer (updated on October, 2011) through Douglas Elliman Capital Mortgage company.

Below are basic requirements, each borrower will have very specific list based on individual:

  • $450,000 minimum loan amount, $3,000,000+ maximum loan amount 40% minimum down payment
  • 18-60 months post closing reserves are required, depending on loan amount
  • Borrower must establish an escrow account equal to 9 months PITI
  • Borrower must establish a second account designated for automatic loan payments
  • Income documentation required
  • Eligible property types include co-ops, condos, single family homes
  • Title may be held in the name of a corporation
  • 75 day rate lock
This means the minimum sales price of the property will be about $750,000 or more. Most of the Manhattan New York housing products are eligible for this program, and as many of our Foreign international buyers, they prefer to held title in limited liability corporation (LLC) which this is possible too.

**WE ARE NOT MORTGAGE BROKERS**, we are Real Estate agents that are have successful experiences working with foreign international buyers in Manhattan New York. We work with mortgage professionals that can provide financing for you if you are seeking financing. Call us today (917)837-8869 to discuss your Manhattan New York Real Estate purchase.


Here are more helpful articles for Foreign nationals buying in Manhattan New York:

  1. Can Foreign international buyer buy a Manhattan NYC condo?
  2. Foreign Buyer Frequent Asked Questions
  3. Use Local Expert for you Manhattan New York condo purchase
  4. How to determine a good Manhattan New York condo investment

[gravityform id=1 name=ContactUs Page Buyers title=false description=false]

Buy a Manhattan NY Condo as first time investor?

Do you know How to Buy a Manhattan New York Condo as first time investor?

We are full time Real Estate agents that focus on Manhattan Condo market, we help finding NYC condos for first time investors, first time home buyers, parent buying for children and international buyers buying in Manhattan New York.

Buying a Manhattan New York Condo as first time investor, you should ‘play it safe’, do not over leverage yourself. If you are planning to buy the condo all cash, that is always desirable when presenting offers to condo sellers. Keep in mind that you should have enough equity in case there is an increase in monthly carrying charge for this condo or other misc mishappens. If you are planning on financing this investment, be sure to speak to alocal Manhattan lender that is familiarize with the market, the lending rules, and the mortgage products that may be suitable for you. We can recommend you a reliable and knowledgeable Manhattan mortgage consultant or You may have a bank that you are currently banking at, you can ask them to refer you a Manhattan branch mortgage banker as well. As an investor, the mortgage interest rate will be slightly higher than others, it is important to keep that in mind when figuring out your monthly expenses.

As a first time investor, buying a Manhattan New York Condo you should have a clear goal of what you plan to achieve in this investment. Is this a 5 year Real Estate plan or 10 year Real Estate plan? Why do you feel is the time to invest? Are you going to have a tenant in place the entire duration or only part of the time. Have you discuss this with your accountant to understand how to structure this transaction to receive the most tax benefits or possible tax complications?

Buying a Manhattan New York Condo as first time investor, team up with us, the experienced Manhattan Condo specialists that can guide you through this process and navigate through the Manhattan Real Estate maze. Whether you are a first time Real Estate investor, or an investor that have bought and sold multiple properties in other parts of United States or country, we can help.  Understanding the local market with the market expert can maximize your investment and avoid any possible problems down the rule. Many of our past clients are first time investors, they have bought many Manhattan condos under our guidance and continue to do so because we have developed a Real Estate plan for them. If this is something you are interested in,

contact us now at (917)837-8869.

Or contact us:

http://manhattannycondosforsale.com/contact/

Manhattan New York condo buyers frequent asked questions:

Just Sold-Mondrian Condo 250 East 54th Street New York NY 10022

Recently we were able to successfully sold a condo in the Mondrian condo located at 250 East 54th Street to an European buyer. This particular European buyer lived in Manhattan New York more than 20 years ago and had many fond memories of this wonderful city. Therefore, it has been this buyer’s dream to own a condo here so he and his family can stay whenever they visit this big city, and they can called New York their second home.

250 East 54th Street, the Mondrian condo located at Midtown East location is one of the most colorful condo in the Midtown skyline of Manhattan. The Mondrian condo has an Equinox fitness club with a pool is located in the building and residents have access through the main lobby. The building offers 24 hour premium services including an on-site building residents manager as well as full-time concierge, doorman and maintenance staff.

Mondrian condo is very desirable condo for someone who loves Midtown neighborhood, it is very convenient to all major transportation, offices, fine restaurants, theaters, and other entertainments that this city has to offer.

Read other helpful blogs:

Call us (917)837-8869 to find your perfect second home in Manhattan New York.

Taiwanese-Chinese Speaking Real Estate Agent in New York city

Being a Chinese Mandarin Speaking Real Estate agent in New York is one of my biggest asset.  Manhattan is a city that has over 40 different world Languages spoken in this town. You could not walk around Manhattan without hearing a foreign accent on the busy street or on Subways.

As a Chinese Mandarin Speaking Real Estate agent,

I have learn majority of my mother tongue while I was growing up in Taipei Taiwan. I was born in Taipei Taiwan (Republic of China) 臺灣, The main island of Taiwan, also known as Formosa

(from Portuguese  Formosa, meaning “beautiful (island)”), is located in East Asia off the coast of China, southwest of the main islands of Japan but directly west of the end of Japan’s Ryukyu Islands, and north-northwest of the Philippines.

About 80% of the residents in Taiwan speak both Standard Mandarin (officially recognized by the Republic Of China as

the National Language) and Taiwanese Minnan (commonly known as “Taiwanese“; a variant of Min Nan spoken in Fujian province). Standard Mandarin is the primary language of instruction in schools; however, most spoken media is split between Mandarin and Taiwanese.  I SPEAK BOTH MANDARIN and TAIWANESE, thanks to my grand mother that only speaks Taiwanese so I had to learn the language as a young child to communicate with her. (Here is a photo of my mother and I.)

When our family moved to New York when I was a tennager, going to American schools, I often want to speak English more than Chinese so that I can fit in with others in the school. I often not want to speak much of my own language in school, partly because I was learning my way around how to speak like ‘an American girl’ with a proper accent. And I learn my English through ESL classes (English as Second Language class) Although my family have always remind me not to forget Chinese language as one day it will be very useful for me.

So far so true.  Being a Chinese Mandarin Speaking Real Estate Agent in New York, I have been reaping the benefits of being biligual, and working with many sellers and buyers who also share the same culture heritage. I have been servicing oversea investors that speaks Chinese and connecting sellers who would like to sell their property to oversea investors using my language and culture connection.

If you are a seller that would like to have your property showcase to our oversea buyer connection. Please contact us now at (646)644-6929. If you are a buyer that speaks Chinese and would like work with someone that speaks your Chinese dialect, call us now at (646)644-6929. http://chinesespeakingagent.com/contact/

We are both English and Chinese Speaking Real Estate agents under one of the most successful Manhattan Brokerage firm Prudential Douglas Elliman 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.

Foreign Buyer Specialists for Manhattan New York Real Estate

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

Other Manhattan New York Frequent Asked Questions:

If you do not see your question being answer in any of our blog articles, call us directly (917)837-8869 or email us (http://manhattannycondosforsale.com/contact/) and we will reply promptly.

Manhattan NY Condo FAQ: Can I renovate my Manhattan NY Condo?

Manhattan NY Condo FAQ: Can I renovate my Manhattan NY Condo?

The quick answer is Yes.  You can certainly renovate your Manhattan New York Condo. The long answer is that it’s not going to be as easy as you may think and certainly going to cost more than what you could do in a more suburban environment.

Now that you are a condo owner, you have to live within the by-laws the building has adopted.  One of those by-laws concerning a renovation is that any person you hire to come in and do work must be licensed, bonded and insured. Because work you are performing to your Condo could possibly effect another condo, the contractor you use has to be authorized by the building to perform the work.

Another large factor involved is that any work to the condo apartment typically has be be authorized by the building management and condo board.  If you are renovating your bathroom or remodeling the kitchen where the plumber will be tapping into the building’s plumbing systems before you do any of the work, you will submit an alterations agreement to the building to make sure the work you are doing isn’t going to negatively effect other apartments.

This process of getting your renovation authorized by the building can take some time, especially if you need permits from the city of New York.

If you are remodeling your house the worker’s can start very early in the morning and stay late into the evening if you want them to.  Not in a Manhattan condo building. There will be building work hours, typically between 9-5pm, Monday through Friday. The limited hours will add to the amount of time it takes to finish a project.

Don’t be surprised if the cost to do what you may think is a simple renovation is more expensive than what you expected.  The labor costs here are much higher than anywhere else.The key aspect to renovate big or small your Manhattan apartment is to work with an experienced general contractor who has a lot of experience working in Manhattan apartment buildings.  Who understand how to process the paperwork, who knows how long and how much a renovation is going to cost.  We work with a number of different contractors who have such experience depending on the type of project you want to undertake.

Because renovations are not as easy as you’d think, that is why there is such a premium price for fully renovated turn key apartments in the city.  Completely unrenovated ore estate condition apartments typically sell at a discount because renovating them is not as easy as you’d think.  If you are looking for an apartment to renovate be prepared to undertake the project or hand it off to an experienced contractor.

Manhattan NY Condos FAQ: How can I buy NYC condo as First Time Investor?

Learn How to Buy a Manhattan New York Condo as first time investor. We are Manhattan Condo Specialists, we help finding suitable condos for first time investors, first time home buyers, parent buying for children and foreigner buying in Manhattan New York.

Buying a Manhattan New York Condo as first time investor you should have a clear goal of what you plan to achieve in this investment. Is this a 5 year Real Estate plan or 10 year Real Estate plan? Why do you feel is the time to invest? Are you going to have a tenant in place the entire duration or only part of the time. Have you discuss this with your accountant to understand how to structure this transaction to recieve the most tax benefits or possible tax complications?

Buying a Manhattan New York Condo as first time investor, you should ‘play it safe’, do not over leverage yourself. If you are planning to buy the condo all cash, that is always desirable when presenting offers to condo sellers. Keep in mind that you should have enough equity in case there is an increase in monthly carrying charge for this condo or other misc mishappens. If you are planning on financing this investment, be sure to speak to alocal Manhattan lender that is familiarize with the market, the lending rules, and the mortgage products that may be suitable for you. We can recommend you a reliable and knowledgeable Manhattan mortgage consultant or You may have a bank that you are currently banking at, you can ask them to refer you a Manhattan branch mortgage banker as well. As an investor, the mortgage interest rate will be slightly higher than others, it is important to keep that in mind when figuring out your monthly expenses.

Buying a Manhattan New York Condo as first time investor, team up with us, the experienced Manhattan Condo specialists that can guide you through this process and navigate through the Manhattan Real Estate maze. Whether you are a first time Real Estate investor, or an investor that have bought and sold multiple properties in other parts of United States or country, we can help.  Understanding the local market with the market expert can maximize your investment and avoid any possible problems down the rule. Many of our past clients are first time investors, they have bought many Manhattan condos under our guidance and continue to do so because we have developed a Real Estate plan for them. If this is something you are interested in, contact us now at (917)837-8869.

Or contact us:

http://manhattannycondosforsale.com/contact/

Manhattan New York condo buyers frequent asked questions:

Dorchester Towers condo-155 West 68th Street New York 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.

At Dorchester Towers, Dorchester Towers condo has multiple layout of different apartments, such as one bedroom, two bedroom and combination of large condo apartments. For the latest availability or to be be put on the list, please contact us at (917)837-8869 or (646)644-6929 today.

Parents Buying for Children Manhattan New York condo MUST READ

We are Manhattan Condo Specialists, in our How to Buy a Manhattan New York Condo series, we talked about Know the Housing Product, Understand the Buying Power, Financial Report of the Manhattan Condo or Coop building, NYC Apartment Terminology, and this section we will talk about how parents can buy for children. We know the Manhattan Condo market and the specific needs of each type of buyers.

Buying a Manhattan New York Condo as parents buying for children, you should understand your budget and time frame to start. We work with many parents who are buying for their son/daughter that goes to New York University, Parsons school of design, School of Visual Arts, Columbia University, Jillards music school and other well known schools here in Manhattan New York.


Is this for your son or daughter that is currently working in Manhattan? Do they have a job stability or financial freedom? Are they currently renting and lease may be expiring soon or month to month arrangement? It is important for us to know the reason and timeframe so we can narrow down the search for you.

Buying a Manhattan New York Condo as parents buying for children, you should PLAN AHEAD, and speak with all the parties involved (not you and your child but rather the right mortgage consultant/banker, accountant, a knowledgeable Manhattan Real Estate attorney, but first, you should contact us (917)837-8869 to start the conversation early.)

  • If Buying all cash, and you are buying a condominium, the quickest we can close would be 45 days. If it is a cooperative, then it can be 90 or more days subject to condo board approval. If it is new construction condo, it can be two weeks up to unknown period of time depending on construction stage.
  • Mortgage consultant: If you are planning to buy the condo all cash, that is always desirable when presenting offers to condo sellers. Keep in mind that you should have enough equity in case there is an increase in monthly carrying charge for this condo or other misc mishappens. 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.
  • Accountant: If you are planning to co-purchase the condo with your child, be sure to discuss the possible tax complication you may have with your accountant. Speak to your accountant prior to your purchase can be very helpful.
  • Manhattan Real Estate Attorney: In addition, speak to a local Real Estate attorney will be helpful as well since the local Manhattan Real Estate can also advise you what is the best way to structure the purchase and think about who/how should take the title of the deed.

Buying a Manhattan New York Condo as parents buying for children, the experienced Manhattan Condo specialists that can guide you through this process and navigate through the Manhattan Real Estate maze. Whether you are a first time buyer, or an investor that have bought and sold multiple properties in other parts of United States or country, we can help.  Understanding the local market with the market expert can maximize your investment and avoid any possible problems down the rule. Many of our past clients are first time investors, they have bought many Manhattan condos under our guidance and continue to do so because we have developed a Real Estate plan for them. If this is something you are interested in, contact us now at (917)837-8869.

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

Other Manhattan New York Frequent Asked Questions:

If you do not see your question being answer in any of our blog articles, call us directly (917)837-8869 or email us (http://manhattannycondosforsale.com/contact/) and we will reply promptly.

West Village-Meat Packing District Condo for rent

Meat packing district West Village Condos for rent immediately located at 350 West 14th Street New York NY 10014. Available Immediately. $3,000 per month.

Heart of West Village New York. This is a Southern facing one Bedroom condo with stainless steel appliances kitchen in Meat packing district part of West Village neighborhood of Downtown Manhattan New York.

350 West 14th Street is an elevator building with central laundry.

This is a must see if you are seeking a condo in West village and Meat Packing district.

CALL 917 837 8869 TODAY.

OTHER MANHATTAN NEW YORK CONDO RELATED BLOGS:

CALL MORGAN EVANS at 917 837 8869 TODAY to discuss your specific questions.


View Larger Map