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Foreigner Buy NYC Condos
We educate international foreign buyers about Manhattan New York Real Estate market, trends, buying process and facilitate all aspects of the purchase. There are many aspect of Manhattan Real Estate that can not be overlooked, we manage the entire process to ensure you have a smooth and stress purchase. Savvy international foreign buyers work with us because they do not want to lose any valuable time or money. Call us (917)837-8869 or email us now discuss in confidence.
We are a team of Bilingual Mandarin Chinese Real Estate brokers in Manhattan New York help parents buy condos adult children who go to school or work here.
Chinese Speaking Real Estate Broker EILEEN HSU with her mother
Our Chinese buyers are from both United States and international countries such as Taiwan, China, Hong Kong, Singapore, Malaysia, Indonesia and Canada, their main reason of buying is because their young adult children work in Manhattan New York or go to University in New York and instead of renting, culturally we believe it is better to own than pay rent.
As Chinese Real Estate brokers specialize in Parents buying NYC condos for Children, we facilitate the home search in many aspects, we bridge the culture difference by being Asian Americans ourselves and understand many fundamental of Asian beliefs and house hunting basic requirements, we help parents understand the complexity of Manhattan Real Estate market place by providing a comprehensive overview and basic market knowledge.
Direct and clear communication is essential when working as Mandarin Chinese Real Estate brokers with Chinese buyers. Once we understand what our buyers parents buy condo for children are looking for, we will make our recommendation and suggestions based on their criteria. We will recommend the type of housing product, neighborhood, buildings that will work best for their needs, and connect them with trusted advisers such as accountants, lawyers, financial planners and etc to ensure their purchase is well and sound.
If you are a parent looking to buy condo in NYC and would like to work with a team of successful Mandarin Chinese speaking brokers in New York city, contact us today by email or call (646)644-6929 and we will reply to you promptly.
Are you a parent looking to buy a NYC condo for your son or daughter?
One of our expertise as Manhattan condo agents is to educate buyers who are parents looking for a suitable condo for their son or daughter that is currently living in Manhattan New York.
Manhattan New York is a vibrant city, the Real Estate market is one of the kind, unique unlike any other parts of the country or world. Many of our buyers who are parents, they have purchased their home in other places but their previous Real Estate experiences are almost irrelevant when it comes to buying in Manhattan New York.
As parents, you want the best for your young son or daughter, find a suitable condo in a safe and convenient location is the one of our top priority. In addition, we understand your Real Estate purchase is also serving as a long term Real Estate investment, hence it is absolutely beneficial for you to work with us who have extensive experiences working in finding the right property that will meet all of your criteria.
We have work with parents who have young adult son or daughter that go to Columbia University, Fordham Law School, New York University, Stern, Parsons school of design, School of Visual Arts, music school and other well known schools. We also have parents buying for their young professional son or daughter who recently relocate to NYC working for different companies.
Each buyer have very specific and different criterias as we can discuss that when we are on the telephone. Here are 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.
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. 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.
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.
Result Oriented and Diligent Real Estate Agent: We are the market experts to educate you the housing market. Based on our detail discussion when you contact us, we will then customize a home search for you and plan all the necessary steps ahead prior to your trip to NYC. You can read about our other Happy Buyers’ Testimonials about us here: (http://manhattannycondosforsale.com/testimonial-past-clients/)
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.
Smart and savvy buyers work with agents like ourselves, contact us today at (917)837-8869 to experience result oriented agents.
This unique market is at 59th Street at the intersection of Columbus Circle on Central West is one of the best places for holiday shopping and eating in all of Manhattan.
There are some of the best local artisans, bakers, jewelry and small gifts by over 100 local small businesses come together to form what has become an outdoor fair.
One of a few outdoor holiday market’s in Manhattan, The Columbus Circle Holiday market has what we consider the best location. Right at the entrance of Central Park on 59th Street and Central Park West, you can shop, eat and entertain yourself and then walk right into Central Park.
There is a wide variety of shopping opportunities within the holiday market. There is something for everybody, it will give you the ability to buy for just about anybody on your shopping list and you can snack on some delicious food in the meantime.
Hours of Operation for 2012:
November 28th – December 24th, 2012
Monday – Saturday, 10:00am to 8:00pm
Sunday, 10:00am to 7:00pm
Monday, December 24th, 10:00 to 4:00pm
This is a must see and then walk over to the Time Warner Center to get warm and do some more traditional shopping or take a stroll in Central Park.
If you only have few hours to sight seeing in Manhattan New York, we would recommend you to go see “the tree”. Every year, many visitors come to Manhattan New York to see this Christmas Tree at Rockefeller Center.
Here are some interesting fun facts about this spectacular tree:
It’s a Noweigan Spruce
The tallest tree on record was in 1999, 100 feet tall (2012 Height-80 ft)
The star on top of the tree since 2004 weighs 550 lbs
The 2012 Tree survived Hurricane Sandy from Flanders, New Jersey
If you’ve made it to the Christmas Tree at Rockefeller Center you will also be able to see the ice skating rink, the window displays and decorations along Fifth Avenue, and will have the opportunity to do some world class shopping along Fifth Avenue.
Seeing the Christmas Tree at Rockefeller Center is also a FREE event, no admission necessary.
125 East 12th Street THE ZACHARY CONDO UNION SQUARE NEW YORK
The Zachary Condominiums at 125 East 12th Street is one of the very
few pre-war condominium loft buildings in what could be described as the desirable crossroads of the Union Square/East Village/ and Greenwich Village neighborhoods. The Zachary Condominiums is located
on 12th Street between Fourth Avenue and Third Avenue.
A mid-block building that spans north to south from 12th to 13th Street with it’s
main entrance on 12th Street. This full time doorman condominium building has a very handsome facade. It is easy to notice it’s red brick exterior with curved windows and blue base.
The Zachary Condominium at 125 East 12th Street was converted in the
late 1980s, the same time Union Square was making a transformation
with the development of Zeckendorf Towers at 1 Irving Place. The
Zachary Condominium is a boutique condominium made up of approximately
45 apartments in a building that tops out at 6 stories. A full time
doorman and elevator building with a roof top deck complete the
amenity package.
The location itself and architectural characteristics of the condos for sale at the Zachary Condominium NYC are quite noteworthy.
Apartment Features:
Very tall ceilings, most apartments will have 12′ or taller ceilings
Unique Floor-plans – Apartment sizes are generous. Some duplex
layouts. Whether you are looking for a studio, one bedroom, two
bedroom or larger
Noteworthy Building Features:
Investor Friendly-For investors, the Zachary Condominium is an
excellent opportunity as high rentals typically provide strong
profitability yields Doorman-Provides the convenience and assurance when deliveries or
visitors come to the building Location- What I would consider a prime location, just few city blocks from Union Square, multiple campuses including NYU, Cooper Union, Parsons
and SVA SCHOOL OF VISUAL ARTS, neighborhood restaurants and shopping including the famous STRAND Bookstore
Pricing for Condos for Sale at the Zachary Condominiums at 125 East 12th Street:
Inventory has been limited in the past couple of years however prices
typically range:
Studio/One Bedroom: Have sold in the $1,100,000 range in 2012 Two Bedrooms for sale at 125 East 12th Street: Ranged in price from
$1,250,000 and up in 2012 Three Bedrooms for sale at 125 East 12th Street: Ranged in price from
$1,800,000 and up
Because of unique layouts, sales at the Zachary Condominium can range
dramatically, contacting us about specific pricing will help determine
exactly what you are looking for.
Peer buildings to the Zachary Condominiums NYC at 125 East 12th St
would include 115 Fourth Avenue The Petersfield and 114 East 13th
Street The American Felt Building. All three of these pre-war
condominium loft buildings make up what I consider some of the most
unique and desired pre-war condominium apartments for sale in the
Union Square neighborhood of Manhattan.
If you are interested in buying at the Zachary Condominium at 125 East
12th Street or any other UNION SQUARE LOCATION CONDOS, call us today at (917) 837-8869 or email us by using the email form below:
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.
400 Fifth Avenue is one of the newest condo building on Fifth Avenue. There is a luxury five star hotel from first floor to 30th floor, and the condo residences starts on the 31st Floor.
This 2 bedroom, 2.5 bath residence has Eastern Exposure of the Manhattan cityscape and East River, the building facade has one of the kind diamond angled windows which enhance the light, air and view from each room. The condo residences has black oak flooring, Miele kitchen appliances, a Subzero refrigerator and Mont Blanc stone countertops.This building is developed by Bizzi & Partners and designed by Gwathmey Siegel with interiors by DAS Concepts Inc.
This unit is current now SOLD AND CLOSED, but there are other residences available for sale. Contact us today (917)837-8869 or email us for most updated available units.
We are Manhattan Condo specialists, whether you are looking for a new construction on Fifth Avenue, or a condo with Central park or Empire State building view, we can help. Contact us (917)837-8869 so we can discuss in detail of what you are looking for.
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.
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:
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:
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.
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