Tag Archives: International students

Mandarin Chinese Real Estate Agent NYC-Eileen Hsu

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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？

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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!

Condos near Parsons School of Design

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Condos near Parsons School of Design- We have discussed many different condo options near NYU (New York University) and Condos near the Juilliard School, in this blog, we will discuss condos near Parsons School of Design.

Parson’s is located at 66 Fifth Ave, right in the hear of the Greenwich Village neighborhood in Manhattan. If you are looking for housing near Parson’s School of Design or condos near Parson’s School of Design then you will have many options.

Parson’s School of Design is going to share many of the same condominium housing options that NYU students are also looking for.  Condos near NYU and Condos near Parson’s are typically going to be some of the same buildings.  Parson’s is within walking distance to a number of different neighborhoods, first the Greenwich Village neighborhood, along with Union Square, Chelsea and the Flatiron District.  This crossroads will provide a variety of condominium for sale options near Parson’s.

If you are looking to buy an apartment while you attend Parson’s, a condominium will be your best option. Condominiums provide a flexibile method to purchase with the minimum amount of rules if you want to turn the apartment into a potential investment unt.  Condos near Parson’s will include One Irving Place, commonly known as Zeckendorf Towers.  If you are looking for a pre-war condo near Parson’s, you have a number of very fine options including 25 Fifth Avenue, 59 West 12th St, 299 West 12th Street, and even 2 Cornelia Street.

Or if you are looking for a new construction condominium near Parson’s, look at availabilities at Gramercy Starck-340 E 23rd Street over in the Gramercy neighborhood, 16 W 19th St-Jade NYC, or 122 Greenwich Avenue.

If you are interested in newly constructed buildings, there are a number of new construction projects available in the surrounding neighborhoods. The availability always changes and updates daily, so contact us at (917) 837-8869 and we can provide you with the most up to date information.

Apartments near Parson’s will give you many options, whether you are looking to rent or to buy. The question is how to figure out what is a fair market price and how to efficiently go about the purchase process as quickly and effortlessly as possible is where we will be able to help you.  If you are interested in renting or buying a condo or apartment near Parson’s School of Design, contact us at (917) 837-8869.

Condos near SVA(the School of Visual Arts)

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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 NYU, condos 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 https://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

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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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445 Fifth Avenue Fifth Avenue Condo

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445 Fifth Ave is one of the most established condominium buildings in the lower midtown Fifth Avenue corridor.  Built in 1986, this 34 story approximately 180 unit apartment building is located at 39th St and Fifth Avenue.

A common feature of many of the spacious apartments in the building are the impressive views of the Empire State building and Midtown Manhattan skyline. Amenities include a health club, 24 doorman, sundeck, bicycle and storage spaces. The convenient location make this a highly desirable 5th Avenue location.

When you first see 445 Avenue Tower you will see that the lower floors of the building are made up of retail space. The retail space has a dramatic arched architecture that sets it apart from neighboring buildings.

Living at 445 Avenue will provide one of the most convenient Manhattan condominium locations.  Literally just a few minutes away from Bryant Park, the New York Public Library, transportation at Grand Central and many office buildings.  Across the street from the famous shopping of Lord and Taylor and close to Fifth Avenue shopping is a highly desirable feature.

Condominiums for Sale at 445 Fifth Avenue:

  • 1 Bedrooms are priced starting at $700,000
  • 2 Bedrooms are priced starting at $1,200,000
  • Duplexes and Penthouses start around $1,100,000 and go up to $3,000,000

Call us (917)837-8869 to discuss what will work for you.

Other Manhattan New York condo helpful information:

SoHo New York – 3 Bedroom Condo for Rent at Soho Mews $16,500/per month

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Soho Mews is a new construction condominium located in the ever popular SoHo neighborhood in Manhattan.  Designed by the architects, Gwathmey Siegel, the building was welcomed by the New York City marketplace as it has sold successfully and appreciated for many of it’s design elements.

At the heart of it’s appeal is its SoHo location.  Located between West Broadway and Wooster Street in the souther portion of SoHo, and across the street from the Soho Grand Hotel.  You are within walking distance to everything Soho has to offer and still within the heart of Downtown Manhattan.

Soho Mews Apartments are very loft-like, with high ceilings, extremely generously sized rooms, nicely outfitted kitchens and bathrooms, floor to ceiling windows, an attention to detail was made and you will feel very comfortable walking into the apartments.  The building is a full time doorman condominium, with fitness room, garage, and open air private plaza between the Wooster Street and West Broadway buildings.

This Soho Mews rental is Available for rent right now at Soho Mews is apartment 3A. This 3 Bedroom, 3.5 Bath, 2195 sq ft rental apartment is now available for $16,500/month.  As you walk into this apartment you will see the expansive living/dining “Great” Room. An open kitchen with large counter opening to the “Great Room” offering a great flow and entertainment potential.  Each bedroom has an en-suite bathroom, along with excellent walk in closets.  The Master Bedroom has a 5 piece master bathroom with excellent closet space.  The stackable washer/dryer is a nice feature completing the apartment.

Facing both West Broadway and the garden courtyard on the 3rd floor the floor to ceiling windows bring in strong amounts of light along with the high ceilings give a voluminous feel to this Soho Mews rental.

If you are interested in this 3 bedroom condo for rent in Soho at Soho Mews contact us today at (917) 837-8869.

Checklist for Manhattan New York Condo Buyers

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We are Manhattan New York Condo specialists, we work with many out of town first time investors and buyers that would like to acquire a Manhattan New York condo as part of their investment portfolio.

We often have a check list of basic steps to educate the buyers as to how to get started. Here is a good check list:

  • Consult with a reputable lender or mortgage consultant to see how much can you finance in today’s market. In today’s market, lending guidelines are changing by the day, it is in your best interest to see what will it take to qualify for a loan.
  • Do speak to your banker if you have money in bonds and money market. Find out how many days will it take to liquidate your funds so you know once we have a verbally accepted offer. Often in Manhattan New York market place, the seller seeks 10% of the sales price as downpayment at the time of signing contract. With that being said, if you are buying $1M Manhattan condo, you will need $100,000. at contract signing.
  • Do your homework on finding an Real Estate agent to work with. What is it that you are looking to buy? You want to find an agent that is familiar with the product that you are interest in buying. We are very well versed in Manhattan New York market, we have sold many Manhattan New York condos to first time home buyer, first time investors, foreign internationals, parents buying for children and many serious and motivated buyers. A Condo or Co-Op? Uptown or Downtown? Do you speak specific language that you preferred the agent speaks your mother tongue? Do you need an agent that work specifically with foreigners? Go on a search engine such as Google, try type in what you are looking for, and see if any agent shows up on the search result.
  • Do Have a realistic budget of what you are looking for. Manhattan New York condo is approximately $1,000 per square foot, so unless you are looking for a 500 SF one bedroom, you will need more than $500K to buy a one bedroom condo. (the price will also depend on the building amenities, such as fitness center, residents lounge, roof deck, basketball court, swimming pools and etc.)
  • Do speak to an accountant to see if you need to structure the purchase in a specific way to enjoy the tax deductible benefits of buying a Manhattan Real Estate. If you are a first time home buyer, is it beneficial to co-purchase the condo unit with your parents or alone; If you are an foreigner, is it better to buy it under your own name or start an LLC?; If you are an out of town investor, is this purchase going to be an investment property or?
  • Do have a Manhattan New York Real Estate attorney ready. Manhattan Real Estate transaction requires each buyer and seller to have an attorney representing them in drafting and finalizing the contract. A good attorney can save you headachs, money and risks, ask your agent to refer you (3) attorneys so you can call and interview. Explain to the attorney what you are planning to do, and see which attorney you feel most comfortable to work with.

If you would like to find out more information or learn about more Manhattan New York investment opportunities, please contact me today.  Email us today (https://manhattannycondosforsale.com/contact/) call (646)644-6929 or (917)837-8869.

Manhattan New York condo buyers frequent asked questions:

West Village New York Condos- Village Pointe Condominium

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WEST VILLAGE CONDOMINIUMS- Village Pointe Condominiums Located at the corner of 14th and 9th Avenue, the Village Pointe Condominium is one of the most ideal locations to experience everything the Meat Packing District and West Village have to offer.

This West Village boutique elevator condominium building has a live-in super and centralized laundry facilities. Made up of mainly studio’s and 1 bedroom apartments, with a few two bedrooms this is an ideal location as you are steps away from the shopping and nightlife of the Meatpacking District, dining possibilities at the Chelsea Market, close by to the Highline Park and all the West Village has to offer.

Very low carrying charges and a flexible sublet policy make this building an ideal investment and also a smart purchase for those looking to live in the apartment. Transportation will never be a problem as you have multiple subway lines and bus lines nearby including the A/C/E/L/1/2/3 within minutes of the front door.

Studio apartments are priced starting at $495,000 1 Bedroom Apartments are priced starting at $595,000 Penthouses and 2 Bedrooms are priced starting at $995,000-$1,250,000

Look for your own West Village Condo? Email us your specific requirement and we will get back to you promptly.

Other Manhattan New York condos must read:

  1. TriBeCa New York – A vibrant Manhattan New York neighborhood
  2. HOW TO MAKE AN OFFER in Manhattan New York Condominium Market?
  3. What is Common Charge in Manhattan New York Condominium Market?
  4. Who can fix my Manhattan New York condo if something breaks?

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, we offer confidential consultation customize to your specific investment needs.

8 Union Square South-a popular Union Square NY Condo

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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:

Foreigner Buy NYC Condos-FAQ

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We as Manhattan Real Estate professionals, we work with many international foreigners wanting to invest in Manhattan Real Estate. In addition to educate foreign buyers about the maze of Manhattan Real Estate market, our specialty is facilitate the purchase to ensure the transaction is smooth and successful. Below are some frequent asked questions by our foreign buyers, the answers are formulated by our team of professionals (tax accountants and attorneys who also specialized in foreigners purchase in Manhattan New York.) These answers are general and not case specific.  To best address your specific needs, contact us directly by email or call (917)837-8869.


Can Foreign Nationals buy a NYC condo without having Social Security Number or US residency?
Yes, they can legally, but have to meet the NYC Condo board’s requirements for approval. At the sale of the real property, Non-resident aliens are subject to federal withholding tax at 10% of the gross sales price, and to a 8.97% New York State estimate income tax on the net sales proceeds (gains).

Can Foreign Nationals with work visa or student visa buy Manhattan Properties?
Yes, they can legally, but have to meet the condominium/coop board’s requirements for approval.  If they remain non-resident aliens at the time of the sale of the real property, they will be subject to the same taxes at the time of sale, as above.

If not, what kind of documents should a foreign nationals prepare to be able to buy?
In order for a Foreigner to buy NYC condo, they need to have  a valid passport and/or other official photo ID for identification purpose.

What are the Options for Foreign Nationals (non-residents aliens) to hold title for NYC condos: (these answers are information only, we are Real Estate professionals, therefore, before you make a specific decision, we recommend you to discuss with our team of attorneys and tax accountants for your specific case.)

  • Individual: Individual may be exposed to unlimited personal liability, and to estate issues, for instance, inheritance,  will probate and estate administration, when the individual owner dies.
  • LLC: Limited Liability Corporation provides insulation for members from personal liability, but will incur maintenance costs, such as  filing fees for its formation, annual franchise tax  and is subject to higher formation costs (higher than a corporation).
  • Trust: Trust is an unincorporated entity, cannot hold title by itself; title must be reqistered in the  individual trustee’s name.;  the individual trustee may be exposed to unlimited personal liability.
  • S Corporation: S Corporation is a legal entity, insulates shareholders for from personal liability, does not pay income tax itself, the income tax liability is attributed to the shareholders.  It is subject to filing fees for incorporation, annual franchise tax, etc.
  • C Corporation:  C Corporation is a full fledged legal entity.  It provides shareholders insulation from personal liabilities.  It is a taxable entity for corporate income tax.  Any distribution of after tax profit to shareholders in the form of dividends will be subject to income tax for the shareholder.  It incurs maintenance costs, such as filing fees for incorporation, annual franchise tax, etc.  Its filing fees are less than that for the LLC.
  • Limited Partnership: the limited partner’s liability is limited to his/her capital interest in the limited partnership, whereas the general partner will be subject to unlimited personal liability.  Limited partnership, like general partnership does not pay income tax.  The income tax liabilities are attributed to the individual partners. A limited partnership need to file the partnership agreement with the government.

*These answers are general and not case specific. To best address to your specific case, contact us directly at (917)837-8869 or Email at EileenHsuNYC(@)gmail.com and we can set up a confidential consultation.

If both husband and wife have green cards, will they pay tax similarly as above options?
Resident individuals owning real property pay the same taxes, but not subject to the gross 10% federal withholding tax and the 8.97% New York State estimate income tax on the gains at the sale of the real property.

Can the Foreigners avoid United States taxes?
The taxes cannot be avoided.  The non-resident investor must pay the above taxes at the time of closing of the sale, without the tax payments, the deed will not be accepted for recording.  After having paid the taxes, the non-resident investor may, but need not, keep the proceeds in the U.S. without additional tax (except income tax on the interest payment on such proceeds).

Are you a foreigner/international buyer and would like to invest in Manhattan New York Condos? Complete the contact form below, we will reply your questions today.

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International Love Affair with Manhattan New York Condos

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Foreign Buyers Love Manhattan New York condos–We are Manhattan Real Estate professionals, we work with many savvy international foreigners wanting to invest in Manhattan Real Estate. In addition to educate international foreign buyers and investors  about the unique-ness of Manhattan Real Estate market, our specialty is facilitate the purchase to ensure the transaction is smooth and successful. Below are some frequent asked questions by our foreign buyers, the answers are formulated by our team of professionals (tax accountants and attorneys who also specialized in foreigners purchase in Manhattan New York.)

These answers are general and not case specific. To best address to your specific case, contact us directly at (917)837-8869.

Can Foreign Nationals buy a Manhattan Property without having Social Security Number or US residency?
Yes, they can legally, but have to meet the condominium/coop board’s requirements for approval. At the sale of the real property, Non-resident aliens are subject to federal withholding tax at 10% of the gross sales price, and to a 8.97% New York State estimate income tax on the net sales proceeds (gains).

Can Foreign Nationals with work visa or student visa buy Manhattan Properties?
Yes, they can legally, but have to meet the condominium/coop board’s requirements for approval.  If they remain non-resident aliens at the time of the sale of the real property, they will be subject to the same taxes at the time of sale, as above.

If not, what kind of documents should a foreign nationals prepare to be able to buy?
They need to have  a valid passport and/or other official photo ID for identification purpose.

What are the Options for Foreign Nationals (non-residents aliens) to hold title: (these answers are information only, we are Real Estate professionals, therefore, before you make a specific decision, we recommend you to discuss with our team of attorneys and tax accountants for your specific case.)

 

  • Individual: Individual may be exposed to unlimited personal liability, and to estate issues, for instance, inheritance,  will probate and estate administration, when the individual owner dies.
  • LLC: Limited Liability Corporation provides insulation for members from personal liability, but will incur maintenance costs, such as  filing fees for its formation, annual franchise tax  and is subject to higher formation costs (higher than a corporation).
  • Trust: Trust is an unincorporated entity, cannot hold title by itself; title must be reqistered in the  individual trustee’s name.;  the individual trustee may be exposed to unlimited personal liability.
  • S Corporation: S Corporation is a legal entity, insulates shareholders for from personal liability, does not pay income tax itself, the income tax liability is attributed to the shareholders.  It is subject to filing fees for incorporation, annual franchise tax, etc.
  • C Corporation:  C Corporation is a full fledged legal entity.  It provides shareholders insulation from personal liabilities.  It is a taxable entity for corporate income tax.  Any distribution of after tax profit to shareholders in the form of dividends will be subject to income tax for the shareholder.  It incurs maintenance costs, such as filing fees for incorporation, annual franchise tax, etc.  Its filing fees are less than that for the LLC.
  • Limited Partnership: the limited partner’s liability is limited to his/her capital interest in the limited partnership, whereas the general partner will be subject to unlimited personal liability.  Limited partnership, like general partnership does not pay income tax.  The income tax liabilities are attributed to the individual partners. A limited partnership need to file the partnership agreement with the government.

*These answers are general and not case specific. To best address to your specific case, contact us directly at (917)837-8869 or Email at EileenHsuNYC(@)gmail.com and we can set up a confidential consultation.

 

If both husband and wife have green cards, will they pay tax similarly as above options?
Resident individuals owning real property pay the same taxes, but not subject to the gross 10% federal withholding tax and the 8.97% New York State estimate income tax on the gains at the sale of the real property.

Can the Foreigners avoid United States taxes?
The taxes cannot be avoided.  The non-resident investor must pay the above taxes at the time of closing of the sale, without the tax payments, the deed will not be accepted for recording.  After having paid the taxes, the non-resident investor may, but need not, keep the proceeds in the U.S. without additional tax (except income tax on the interest payment on such proceeds).

If you are a foreign national and would like to better understand how to purchase and invest in Manhattan Real Estate, it is a good idea to discuss the situation in precise manner. Contact us today at (917)837-8869 or email us at EileenHsuNYC(@)gmail.com.