upper westside investment property

Ssh36f
Home Buyer
Upper West Side, New...

I am interested to buy an investment property in UWS, preferably in riverside drive, west end ave or central park west. I am looking for one bedroom with price upto $600K. As this is an investment property, I have to have the flexibility to rent out this apartment. Because of this, I presume the property that I can select to invest is only limited to condos. I only need finance from 70% to 50%. Appreciate any advice.

Answers (3)
Alessandra Marx
Agent
New York, NY

You're in a very good position to buy, and you're right, if you want this to be a year round rental property it must be a condo. There is a lot of inventory that fits that description and I would be happy to send you a report with descriptions and photographs of all of them. If you'd like assistance, just shoot me an email.

Best Regards,
Alessandra Marx
http://www.elikaassociates.com
Buyer's Representative
alessandra@elikaassociates.com

Fri Sep 25 2009, 13:43
Jenet Levy
Agent
New York, NY

You are correct that as an investment property it would need to be a condo. Most of the inventory in the location you are asking about are co-ops, however, there are some condos that fit the bill. In order to finance them they have to be at least 70% sold, and there is a threshhold for % of owner occupied vs. rented out units. You would not want to waste your time looking at those that don't fit the bill. I have just been through this with a couple looking for exactly the same thing. I'd be happy to help you, as I know which ones we've had to rule out.

Jenet Levy
jlevy@haltead.com
212 381-4268

Sun Sep 13 2009, 18:01
Alen Moshkovich
Agent
10022
FIRST ANSWER

Hello Ssh36F,

Is there another way to reach you, phone or via email? I have between 10 to 20 apartments which we can discuss, size, fl, monthly's, etc...

Please let me know and I'll be happy to contact you.

Best,
~Alen

Wed Aug 26 2009, 15:19

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 1,998
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback