Are you planning of investing in New York City? What are the benefits you can get from making a real estate investment in oneof the world’s famous cities? If you are looking for a place to invest, New York City is a perfect venue for great real estate investment opportunities. While it is true that New York City real estate is one of the most expensive markets worldwide, it offers a big advantage financially over time. Since New York is a famous city, everybody seems to discuss buy and selling residential and commercial properties time and again, making it as one of their major real estate investment project. Over the last five years, New York City has done very well, with the average price of a Manhattan residential unit appreciated by fifty percent.
The vacancy rate in New York City is historically low and few apartments become empty for a very long period of time, providing a real estate investor a healthy cash flow and long-term real estate appreciation. This is evident by wealthy families who have made a great fortune in making real estate investments. In what specific places in New York are considered the best real estate investment grounds? The up-and-coming neighborhoods are the best places to invest because the prices are far lower and you would be able to afford the downpayment and also qualify for a mortgage. Those real estate investors who are invested in Brooklyn like Crown Heights, Bushwick, and Clinton Hill have experienced high returns in the recent years. Search for locations where construction is on going because these are the areas with high potential returns in the future. You can always rely on financing companies such as HFZ Capital, a leading company for structured financing options for New York City real estate investments.
What types of properties are practical options for structured financing options? It is a good idea to buy a townhouse or a small multi-family residence to qualify for lower mortgage interest rates if the property is used as a primary residence and the top two floors are rented. Although condo units are less expensive than these properties, they have higher returns. What is the size of the apartment I need to invest in? Studio type to two-bedrooms are generally the best type of unit that will work best for a real estate investment. One the way of investing in New York real estate is through a turnkey property, allowing an investor to buy a property, turn around, and have it rented immediately.
For residential structured financing options, HFZ Capital is your best solution. Come and check us out on our homepage or website for more details about structured finance.