New York City Manhattan Studio Apartments are Selling like Hot Cakes!

By
Real Estate Agent with Douglas Elliman Real Estate

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:

Part One: Know Your Product

Part Two: Know Your Buying Power

Part Three: Understanding the Financial Statement

Part Four: Who Manages the Building

Part Five: Buying with your Head and your Heart?

Contact us today (212)321-7122 or email ehsu@elliman.com to discuss your investment goals.

Posted by

 ____________________________________________________________________________

 

Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)

Our team specialize in Manhattan New York Condominiums, townhouses, and condops.

We are condominium residents ourselves so we understand the Manhattan New York condominium community. We also enjoy all Manhattan neighborhoods, especially Upper West Side, Lincoln Square, Midtown East, Murray Hill, Financial District, Chelsea, Fifth Avenue, Greenwich Village, Nolita and etc just to name a few. If you or you know someone that may be interested in selling, buying or leasing their Manhattan New York condo, call us today (917)837-8869 or (646)644-6929 and we can discuss your specific Real Estate goals.

Manhattan New York Condo Specialists or Chinese Speaking Real Estate Agent

 

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Show All Comments
Rainmaker
121,227
Sonny Kwan
Quantum Group Commercial - Residential - Lease Seattle, WA - Mercer Island, WA
206-819-8228

These units look really nice Eileen, Are there any views out that window?

Feb 10, 2009 06:49 PM #1
Rainmaker
659,250
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Sonny - This apartment is on the second floor so it is a treetop view. Other units I have sold in this building have Empire State building views.

Feb 10, 2009 08:18 PM #2
Rainmaker
533,769
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

I just learned that anchor text are the links to other previous posts at the end of the blog.  This post looks great, you are a pro. I better watch out or I will get bumped soon.

Feb 11, 2009 07:09 AM #3
Rainmaker
1,421,577
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Eileen, for anyone desiring a studio apartment in Manhattan, call Eileen Hsu, and she will find the right one!

Oct 01, 2012 06:38 AM #4
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Rainmaker
659,250

Eileen Hsu

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