Investment properties in New York by classification are highly valued real estate opportunities, distinguished by their ability to generate significant high returns. Such opportunities in the real estate market are commercial properties such as, offices buildings, retail properties and retail condominiums and hotels. In the residential arena, properties such as multi-family buildings, rental apartment’s buildings and single and multi-family Brownstones and Townhouses represent key real estate property investment options.
Generally, these ventures can be categorized as long term investments, where the investor’s goal is to create a steady flow of income. On the other side of this venture, acquired properties that are re-modeled and or renovated, specifically for sale are considered short term investments. Additionally, with the growing need of living space in NYC there has been a market for commercial office buildings to residential conversions. With commercial properties such as offices buildings that are being developed into residential rental apartment buildings and residential Condos.
Some other opportunities that may appeal to an investor are the adding or merging of properties, such as lots, to be developed as one larger site. Development site assemblages are an example of this process. Another method is the development of unused real estate rights above or rather on top of established (developed) real estate, known as air rights. Moreover, if you already possess a property and would like to reinvest in a new development without incurring capital gain taxes there is the option of a 1031 exchange.
In any of these opportunities knowledge in all facets of investing in real estate and its regulations is essential to success. Add to this the guidance and proficiency of Manhattan Realty and you possess the hallmarks of a worthwhile investment.