Thursday, September 3, 2015

New Property Projects in New York


520  Park Avenue


520 Park Avenue, 54-storey limetone tower designed by star architect Robert A.M. Stern, aims to be the next 15 Central Park West.  It will have 23 full-floor residences of 4,600 square feet each ranging from $16 million to $37 million.  In addition, 7 duplexes and one triplex, ranging from $70 million to $100 million.

Amenities include a garden, pool and white glove service.  But unfortunately, entrance is on 60th Street (not Park Avenue).

Website:  520 Park Avenue 


Friday, August 14, 2015

Why Buy Manhattan Property As Investment



Successful entrepreneurs and professionals from around the world have been investing in Manhattan apartments for a long time.  

We are very familiar with the reasons clients invest in Manhattan, New York because this segment is our focus.  The basic drivers are as follows:


Capital Preservation
New York property is regarded as a safe investment against inflation, economic uncertainty, political instability and even theft in their home country.  High net worth investors work very hard to accumulate wealth and they work hard at preserving it as well.  

Tuesday, August 4, 2015

Tips On Buying International Real Estate


JULY 31, 2015
A strong U.S. dollar isn’t just making vacations overseasmore affordable; a brawny buck puts foreign real estate on sale, too.
Jason Kumpf, real estate expert at USForex, says their clients are “absolutely” using dollar strength to justify buying international real estate, particularly in continental Europe and the U.K. Even Canada is attracting more Americans now that the loonie is at about a 20% discount to its U.S. counterpart, says Kumpf.
Wei Min Tan, a residential condominium specialist at Rutenberg Realty’s Castle Avenue, says select buyers will always want to invest in a top-tier city like London, but a wave of buyers is also favoring countries with lower costs of living, including Malaysia, Thailand, and Costa Rica.
“They may see it as a place to retire in the future. Here [retirement] can cost so much, there it’s a fraction,” Tan says.

Sunday, July 5, 2015

Interviewed for "5 Secret Ways to Make Money on Your Home"

Summertime, and the living is easy. If only the same could be said about selling your New York home.
Whatever your reason for selling — perhaps you want to downsize, or maybe your family has grown or you have a change in your personal life — applying some expert advice can entice buyers and help you gain the biggest return.
GOBankingRates.com reached out to real estate experts for tips on how to succeed in the country’s largest market.

1.  Set a Welcoming Stage For Buyers
Simple changes can help set the scene for a sale, make a space appear especially welcoming and irresistible to potential buyers, said Wei Min Tan, a real estate associate broker and Manhattan condominium buyer’s broker at Rutenberg: The Smart Brokers, based in Manhattan. To accomplish this, he suggests removing clutter, minimizing furniture to make an area look more spacious and displaying fresh flowers.

3 Highlights Of The Manhattan, New York Property Market in Q2'2015


After a slower first quarter, one which saw prices level off, the second quarter saw a total 180◦, setting a historic, record high for the average sales price for Manhattan apartments, now at a whopping $1.87 million. While there are a number of different key themes from the past 90 days, the overarching one is, quite simply, the obvious lack of inventory on the market. Those subthemes, however, include:

  • # 1:  Stalled Inventory Growth – The consistent lack of inventory, despite last quarter’s slight uptick, is what produced these record-setting, headline-making prices this past quarter. The lack of inventory and strong demand makes it a total seller’s market and as long as that demand remains, whether it’s coming from foreign or domestic buyers, those prices will continue to remain high.

Tuesday, May 26, 2015

Profiled by Manhattan Residential as a "Buyer's Broker Extraordinaire"


Friday, May 1, 2015

Luxury one bedroom investment at The Harrison 205 W 76 St

Apartment 603 is an elegant, over-sized one bedroom on the 6th floor with quiet, north exposure in the Upper West Side's most desirable building, the Robert A.M Stern-designed, Harrison. 

Price:  $1.65m
Size 826 sf, common charge $994, tax $426
Rent:  $5,000
Annual rental return:  2.6%
Annual appreciation:  10%
Return on investment with 50% downpayment:  21%