Though overall Manhattan Real Estate sales are slower than usual right now, the starter-apartment segment of the Manhattan market appears to have the strongest pulse and flying off the shelves like hot cakes!
It seems to be that 2 bedrooms or larger apartment buyers are cautious and waiting on the sideline to see how the economy pans out, but those in need of starter apartments know this is their opportunity. Many of them are first-timers who were concerned to be priced out of the market, now with the historic low interest rate, they can now make the bid and able to afford it. The first time home buyer knows that THIS IS THEIR TIME! We are also seeing increasing numbers of buyers who have decided to buy now rather than renew their rental lease!
For our investor buyers, this is your time to take advantage and make the fortune today. An average studio price that is approximately $450,000 (with the monthly carrying charge average about $700+/-) can usually rent out for $2,200 or more. Studio and One Bedroom apartments are the most desirable apartments to rent. Studio renters can be a working professional that use it from Monday to Thursday that just need a place to stay during the week to an international graduate student... Studio apartments are easy to manage and smart affordable Real Estate investments for those who have been thinking about investing in Manhattan Real Estate.
With the low low conforming interest rate. It is the perfect equation for smart investors!
(Photo: New York Magazine)
Here is a Gramercy studio that is a great deal for those who wants to invest in Manhattan Real Estate. 242 East 25th Street #2C $499,000. 2005 Construction, Doorman, Washer and Dryer in Apartment.
We also have other comparable studios that may fit into your specific requirement. To browse more listing please visit here or
First Time Home Buyer Guide:
Contact us today (212)321-7122 or email email@example.com to discuss your investment goals.