New York Columbus Circle Holiday Market
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.
The Christmas Tree at Rockefeller Center
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 tree is donated every year
- The estimated cost of the tree is $73,500
- 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.
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.
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
**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: