Investing in real estate in NYC there's about 6-7% percent cash on cash return. I have done a lot of them lately with foreign inverters. Call or email me if you would like me to assist you with your investment. Also I have investment properties in NYC and Hudson County, NJ that are OFF MARKET for sale.
I specialize in working with buyers on investment properties that yield high net rental income. I also specialize in finding excellent tenants for my investors after closing, for the maximum rental price. $1.5 MM is a healthy budget for a condo, and I have several in mind that would make excellent investment properties. Please give me a call at 917-727-1456 or send me an email at firstname.lastname@example.org to discuss further.
Licensed Real Estate Professional
C: 718 551 5135
I can defiantly help you, I have lots of contacts in the relocation world so getting your place rented will not be an issue. There are many opportunities for you in the upper east side and if you have some time to talk tomorrow please provide me with the best number and time to call. I look forward hearing from you and helping you find an investment property.
Hector De La Cruz
Realtor Associate NY and NJ
Nest Seekers INTERNATIONAL
Manhattan LIC Brooklyn Miami Hamptons International
415 Madison Avenue
Ny, Ny 10017
O + 212.252.8772
C + 973.986.3903
F + 212.252.9347
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if you are looking to purchase in manhattan, your cap rate will be around 2.5-3 max, i would recommend to purchase 2 or 3 smaller apartments instead of one large, its always takes longer to find a tenant for 2br.
$1.5M will get you a 2br, with monthly charges approx $2k. You can lease it out for maybe $5,000/month, you clear $36K.year, thats 2.4cap rate. If you looking at long term investment, you will benefit from the property appreciation. If you purchase 2 one bedroom apartments projected rent is $6K/month at least.
I like brooklyn for investment because the rents there are almost as high as in manhattan but monthly carrying charges are significantly lower.
Hope it helps
feel free to email me for more details
As you may have heard before, now is the prime time to buy--the market is hot and the number of investors is increasing by the numbers. Regardless of how the market is, things will rent and generally will rent fast (people are constantly looking to move). A 1.5 million $ condo or co-op could generate a significant amount of money, however, many buildings (depending on whether you purchase a co-op or condo) have policies that limit renting your unit out. Often it is around 2-3 years residency, then you're allowed to rent it out to tenants. Condo and co-op boards do this because they want longtime tenants who live in the building. With that said, are you going to be living in NY or will it be a pied-Ã -terre type situation? Regardless, I'd be happy to help, as I have worked with many in your situation and have found lovely properties for them. Feel free to contact me at anytime--Looking forward to hearing from you.
400 E 84 St
New York, NY 10028
I work with investors such as yourself in Manhattan & Brooklyn. There are some good options available for you with nice ROI.
Please contact me to discuss:
Licensed Real Estate Salesperson
Member of the Real Estate Board of New York
The Corcoran Group
1226 Madison Avenue, New York NY, 10128