Tag Archives: Foreign National

Condos near SVA(the School of Visual Arts)

Condos near SVA(the School of Visual Arts)
This is one of our series of Condos near different schools in Manhattan New York. We have wrote about condos near NYUcondos near Julliards, this blog post is about condos near SVA.
The School of Visual Arts, commonly referred to as SVA is one of the leading art schools in the United States. Originally founded in 1947 ast the Cartoonists and Illustrators School and renamed in 1956 to its present name and started offering degrees in 1972.  Condos near The School of Visual Arts or SVA can be a wide search because there are two campuses.

The main campus is at 209 East 23rd Street between Third and Second Avenue. This location is right at the crossroads of a number of different neighborhoods so a search for a condominium near SVA will come up with a number of options.

Condos near SVA in the Gramercy Park area come up with a couple of different buildings. Condominums for rent and for sale are available at340 East 23rd St-The Gramercy Starck. The Gramercy Starck was a new construction condominium in 2008, studios range in price around $550,000 for sale and approximately $2500/month for rent.  The Tempo at 300 East 23rd St is also a new construction condominium that is not completed yet but will by the end of 2011.  Another condo near SVA would be 121 East 23rd St the Crossing 23rd.  This is also a fairly recent condominium building, with different sized apartments for rent and for sale.  These are just a few examples of buildings in the area, whether you want to live in Gramercy Park, Murray Hill, Flatiron or the Union Square neighborhood we can help you find the right condo near SVA.

Condos near the main campus SVA location will include a variety of locations in Gramercy Park, Kips Bay,Flatiron, and possibly Union Square.  There are different availabilities near the school depends what kind of apartment will work best for you, call us at (917) 837 8869 so we can discuss criteria and specific timeframe.

Condos near the School of Visual Arts Westside Location are going to include the Chelsea neighborhood. There is a variety of rental and condo buildings near SVA west campus.  If you want to live near the SVA western buildings we can recommend a number of different condo buildings that may fit your preferences.

If you find yourself looking for a condo near SVA, the School of Visual Arts, contact  us today at (917) 837 8869 or email us at http://manhattannycondosforsale.com/contact/ or EHSU(@)elliman.com

Below are some relevant blogs that we thought you will find helpful to read:

Use Local Experts for your Manhattan New York condo purchase

Manhattan New York is an international city, we work with both buyers and sellers are from another state or country. In a typical Manhattan Real Estate transaction, there are many parties involved in a transaction: 2 or more attorneys, 2 Real Estate agents, Buyers and sellers, Title company, Mortgage professionals, and etc. At the closing table, often there are almost 10 people attending one closing.

In many occasions, our sellers or buyers often have previous work or business contacts that they prefer to use from another part of the world, country or even state (sometimes, it is a family relative, friend, or someone referred by someone they know.)

CAUTION! Every local Real Estate market has its own rules, laws and policies, by using the local experts, it will benefit you as the buyer or seller to have the most smooth transaction without stress or unexpected obstacles.

In a Real Estate transaction in Manhattan New York, below two are the key experts that you absolutely should use an local expert.

  • Attorney PLEASE use a Manhattan New York based REAL ESTATE attorney (this means not just any attorney can do the job, Real Estate attorney that is currently practice in New York is a must) that is familiarize with the type of property you are purchasing. Whether is condo or co-op or townhouse, be sure they have a stellar reputation and track record in representing clients. Many buyers use the amount of fee the attorney charge as a way to chose the attorney, it is good to be frugal, but their track record should be the most important thing and not the fee they charge. A good attorney can minimize your risk in the transaction, protect you from many unknown.
  • Mortgage Consultants – Buying in Manhattan New York is unique and very different than buying in any other state, county, or country. Mortgage consultants who has experiences working in Manhattan New York market will know how to navigate through the co-op or condo management to obtain the information they need in order to push your application through. They will also have a keen sense of the deadline in the contract and work with the Real Estate agents to get the coop or condo board package together.
  • Real Estate agents – As Active and full time Real Estate agents, we pride ourselves in working efficiently with our buyers and sellers to maximize their Manhattan investment. When working with buyers, we discuss the overall goals and timeframe, explaining the different housing inventory and expected price range, recommend appropriate mortgage consultant, accountant, attorneys(if needed), select the best suited property, negotiate essential terms for the buyer, facilitate the contract signing, working on condo/coop application, final walk through checklist, and eventual success sale. When working with sellers, our interest is always to maximize the seller’s profit in the most current market, set the price ahead of the market, creative and aggressively market the property, qualify buyers and negotiate favorable terms for the seller and facilitate the sale to closing table. To benefit your purchase or sale of your property, call us at 917 837 8869 so we can discuss strategies in detail.
Call us today (917)837-8869 to find your perfect Manhattan New York investment.
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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.

Greenwich Village NY Condos buyers MUST READ

Greenwich Village NY Condos buyers MUST READ

Have you been looking for a condominium for sale in the Greenwich Village neighborhood in New York City? If you have been looking for a Greenwich Village NY Condo than you have probably been seeing a couple of market activities happening quite consistently:

1. Multiple Offers on 1 Bedroom Greenwich Village Condos for sale. I have been working with multiple customer’s looking in the 1 Bedroom Condo market. If a newly renovated full time doorman 1 bedroom condo has come on the market for less than $1,000,000, the first open house is packed and multiple offers come in shortly. Most of the offers are cash, or non-mortgage contingent at or near the asking price.  

2. Almost no inventory for Greenwich Village apartments less than $600,000. The studio or alcove studio condominium market in not only Greenwich Village, but in the East Village or the West Village is quite limited. After a couple of afternoons you can see everything that is available. The well priced apartments are selling quickly and the apartments with more aspirational pricing are even getting more interest. This time of year see’s an influx of demand and the low supply creates an atmosphere where the best Greenwich Village condos for sale are moving quickly.

3. Greenwich Village Pre-War condo inventory is scarce. Building’s like 59 West 12th Street, 2 Cornelia Street, 115 Fourth Ave, 45 Christopher St, 299 and 302 West 12th St, The American Felt Building have very little inventory. The Bing and Bing Emery Roth designed pre-war condos are always desired and when priced well sell quickly. The unique apartments, such as duplexes, apartments with open views, recently renovated, don’t sit on the market quickly.

4. Larger Apartments Inventory Limited. In my database I see 12 Two Bedroom Condos for Sale in Greenwich Village right now, 10 Three Bedroom Condos for Sale in Greenwich Village and 4 Four Bedroom Condos or Larger in Greenwich Village. If you are entering this segment of the market, you will probably expand your search to the West Village, parts of the East Village and parts of Chelsea, but you will still have a small number of apartments to view.

Overall, the spring and early summer real estate market for condos for sale in Greenwich Village has been quite robust with multiple offers for apartments priced effectively for their individual part of the market. One Bedroom Condos in Doorman buildings have seen a lot of interest.

For more reading about Greenwich Village Real Estate:

If you are interested in purchasing a Greenwich Village Condo or an apartment in the downtown area contact me today at (917) 837-8869 to discuss your specific needs.

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.

Vanderbilt Condominium-235 East 40th Street New York NY 10016

Vanderbilt Condominium-235 East 40th Street New York NY 10016 Midtown East Condo.

The Vanderbilt Condominium at 235 East 40th Street is a long established Midtown East condos building.  Built in 1986 this 41 story 365+ apartment building has one of the best amenitypackages for all Midtown condos for sale.

235 East 40th Street has a health club called The Vanderbilt Club is the amenity floor found in the building.  There is a 75 foot long pool, sauna, jacuzzi, health club, basketball/racquetball court, both mens/womens locker rooms, table tennis and all attended by building staff.

The Vanderbilt Condominium is a full service building, with 24 hour hour attended lobby with doorman and concierge, attended package room and live-in super.  There is a full size laundry room and garage that can be accessed from within the building.

The Vanderbilt Condominium is one of the most desirable condo buildings in the Murray Hill neighborhood for a number of reasons.  The location near both Grand Central Station and the United Nations makes this highly valuable for the owners in the building  Located at 235 E 40th Street, this is one of the premiere Grand Central Station Condo buildings.

At the Vanderbilt Condo you have a variety of condos for sale.  There are studios for sale at Vanderbilt Condominium that start in the low to mid $400,000 range.  One bedrooms for sale at Vanderbilt Condominium start in the low $600,000 range for the smaller lower floor apartments and can go upwards of $900,000 for the higher floor with expansive Midtown East condominium views.  Two Bedrooms for sale in this Midtown East Condos location start around $1,300,000 and go up.  For a comprehensive and up to date list of the condos for sale at 235 East 40th St contact us today.

Vanderbilt Condos at 235 East 40th Street is one of the most desired Grand Central Station condos buildings. Whether you are looking to invest, rent, or live Vanderbilt Condos could be the location for you. Contact us (917)837-8869 today to see the building.

EMAIL US HERE: http://manhattannycondosforsale.com/contact/

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.


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Manhattan NY Condos FAQ: What is a sales application for Manhattan NY condos?

We are Manhattan New York condo specialists, often we are asked by our buyers of series of questions that are regards to the unique Manhattan New York condo markets. We will be answering these frequent asked questions and hope to help other buyers who are interested in buying or investing in Manhattan New York condominiums.

In Manhattan New York, over 15% of the housing inventory are condominiums, when a buyer purchase a unit within the condominium community, there are application to be completed. (with the exception of purchasing new development condos from the sponsor prior to condo board formed and in place.) Each building and condo management has different applications and processing fees. Every buyer whether they are buying as primary residence, second home, investment, will need to complete the ‘sales or purchase application’ when purchase Manhattan New York condos. There are processing and application fees along with the applications as well.

Here is example of a Manhattan New York condo purchase application from a condominium unit that we sold recently.

There will be reference letters required from the buyer, two years of W-2 forms & tax returns, and bank verification letters along with other documents. The sales application must be completed according to instruction or the sales can not move forward. In case of oversea buyers, there may not be tax returns or W2 forms, we can then discuss in details with condo management to find other items or documents to suffice that request.

Other than providing all the paperwork documents, please take note that there are a list of checks that must be submitted in order to process the application.  Each condo building has different list of fees but this serves as a sample for your record.

Each Manhattan New York condos has different sales or purchase application. We are familiar with the sales application process. If you or someone you know would like to buy or sell Manhattan New York condominiums, please call us directly today at (917) 837- 8869 or (646) 644- 6929. We specialize in Manhattan New York condominium market and have experiences selling Manhattan New York condos in different neighborhoods, do not hesitate to call or email us to see if we can be of help to you.

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Where Foreign Investors Want to Buy?

Where Foreign Investors Want to Buy
New York is expected to be the favorite city for foreign real estate investments in the U.S. and globally in 2011, according to an annual survey of members of the Association of Foreign Investors in Real Estate. Washington, D.C., came in No. 2 both within the U.S. and global markets for cities where foreign investors most want to invest in the new year.

More than 72 percent of the association members say they plan to invest more money in U.S. real estate this year than in 2010.

“As the fear of a double-dip recession has faded, investors are becoming more enthusiastic about the prospects for the U.S. economy and are taking aim at real estate investment opportunities,” says James Fetgatter, AFIRE executive director. “However their strategy is more akin to a rifle than a shotgun. Except for multi-family housing, they are not scattering their interest throughout the U.S., but rather narrowly targeting it to New York City and Washington, D.C., to an even greater extent than in previous years.”

The top U.S. city picks among foreign real estate investors in 2011 are:
1. New York
2. Washington, D.C.
3. Boston
4. San Francisco
5. Los Angeles

International students’ parents buy Manhattan NYC Condos

International students’ parents buy Manhattan NYC Condos

Many of our foreign buyers are parents of International students from Europe, Asia, Canada, Latin America and other countries. Other than many career and investment opportunities, Manhattan New York has many distinguish universities and colleges that offers many international students undergraduate and graduate degrees. We helped many parents of international students from New York university, Parsons school of Art and Design, School of Visual Arts (SVA), Columbia University, the Jillard school, Cooper Union and other academic institutions.

Here are some options for international students and the parents to consider:
School dormitory: If the student is very young and new to New York, the first year or first 6 months they usually stay in the dormitory so they can familiarize themselves with the city. This option is usually more expensive than renting an non-dorm apartment in the school surrounding areas.

Renting an non-dorm apartment: This option costs slightly less than dormitory, although as an International student or foreigner, majority landlords requires extra security deposit sometimes up to 6 months of rent upfront to 12 months rent to establish relationship and security. If the student or parents do not have United States social security number, nor US credit history, the parents usually have to pay for one year upfront to obtain an rental apartment.

Buying a Manhattan New York condo or building: This is often the option for most of the international parents chose. In today’s market, there are well priced Manhattan New York condos for international students and parents to choose from.  The important thing is to establish the location, the price range and the time frame to maximize the Manhattan New York condo search.
Call us directly at (917)837-8869 to discuss your specific purchase as an international student or parents.

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 and a knowledgeable Manhattan Real Estate attorney.)

  • 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.

Looking to buy a condo for your son or daughter? Fill out the form below and we will contact you promptly to help you out.

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You can also call us directly at (917)837-8869.


Other helpful information in buying NYC condos:


Can a Foreign National Buyers and Investors buy a Manhattan New York co-op?

Facts about True Foreigners invest in Manhattan New York Real Estate.

We work with many Foreign National buyers and investors from different parts of the world, we often have to explain to the buyers about the Manhattan New York  Housing Product (Condo or Co-Op). Often, we encounter the question….

“Can a Foreign National Buyers and Investors buy a Manhattan New York co-op?”

Co-ops are 90% or more of New York Real Estate. Co-op buildings are governed by Co-op Boards, the co-op board makes esseential decision about the building and set building house rules and policies. Among those decisions, Co-Op board of directors approve and interview every potential purchaser.

Foreign National Buyers or Investors to buy an apartment in a co-op building are not easy for several reasons:

  1. Co-op purchaser approval takes weeksif not months — and is a rigorous and notoriously difficult process. The majority of co-ops only approve buyers with New York employment, US income tax and excellent credit history in the US. The law doesn’t require a co-op to even provide an explanation for a potential buyer’s rejection.
  2. There are often restrictions on how much financing a buyer can use (for example, no more than a certain percentage of the unit price).
  3. Almost all co-ops restrict the right to sublet your apartment, which makes it unattractive to investors. Usually, co-op apartments cannot be rented out at all or can be rented out for 1 or 2 years after a certain number of years of owner occupancy.
  4. Co-ops regulate your use of the apartment in many other ways… including having guests or performing renovations.
  5. When selling (or renting it out when allowed) a co-op, your buyer will be subject to co-op approval as well, which reduces the number of qualified buyers and therefore reduces the price of your investment.
  6. There are often additional “flip taxes” on the resale of a co-op to discourage speculators.

All these measures are intended to protect interests of other co-op shareholders and make sure that a new buyer is financially stable, and will always be able to pay for monthly maintenance, improvements and expenses of the building. In addition, often residents of co-op buildings often view their building as exclusive clubs and want to make sure that the building attracts only a certain type of people who use it in a certain way that makes all the residents comfortable.

The purchase price of most co-ops is 10-20% lower than that of condos. Monthly expenses (maintenance), on the contrary, are usually slightly higher and include utilities, maintenance expenses, real estate taxes, and the corresponding share in the mortgage indebtedness of the building… if the building has a mortgage loan. In addition to the mortgage interest on their own loan, co-op shareholders can deduct their portion of the corporation’s real estate tax from their taxable income.

Still, co-ops can be attractive for those who would like to use the apartment as a primary residence or as a pied-a-terre in Manhattan . For the most part, co-ops are older (prewar) buildings with beautiful authentic features, fireplaces, high ceilings, moldings… and sometimes even their own gardens.

To Read More on Foreign Nationals buying Manhattan New York city Real Estate Click below links:

If you are looking for a Real Estate Professional who understands Foreign Nationals buying in Manhattan New York city Real Estate and are looking for the right investmentment, or are selling your property contact Eileen Hsu or Morgan Evans at (917)837-8869 or Email us, we will reply promptly.

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8 Union Square South-a popular Union Square NY Condo

8 Union Square South-a popular Union Square NY Condo

This Union Square NY condo was built in 2007, and selling very quickly, this 14 story boutique condominium is located at 14th and University Place. Built by the Claremont Group, 8 Union Square South is a full service luxury doorman building. There is an on-site gym, exclusive membership to Quintessentially for all of your concierge needs.

8 Union Square South is located at the crossroads of Union Square and Greenwich Village you have all of the best restaurants at your fingertips with views of Union Square Park.

The condominium apartments at 8 Union Square South have Valcucine kitchens with Sub-Zero refrigerators, Miele cook tops, separate wall oven, and dishwasher. Bathrooms feature limestone floors and Waterworks fixtures. Floor to ceiling windows and 10 foot ceilings with most of the apartments having open views to Union Square Park.

  • Prices start for the 2 bedrooms at $2.5 million
  • Prices start for the 3 Bedrooms at $4.5 million

Call us today at (917)837-8869 for updated and specific pricing of your Union Square condo.

For other Union Square location condos information, click on links below: