Many of our foreign buyers are parents of International students from Europe, Asia, Canada, Latin America and other countries. Other than many career and investment opportunities, Manhattan New York has many distinguish universities and colleges that offers many international students undergraduate and graduate degrees. We helped many parents of international students from New York university, Parsons school of Art and Design, School of Visual Arts (SVA), Columbia University, the Jillard school, Cooper Union and other academic institutions.

Buying a Manhattan New York Condo as parents buying for children, you should plan ahead, and speak with all the parties involved (not you and your child but rather the right mortgage consultant/banker, accountant and a knowledgeable Manhattan Real Estate attorney.)

• Mortgage consultant: If you are planning to buy the condo all cash, that is always desirable when presenting offers to condo sellers. Keep in mind that you should have enough equity in case there is an increase in monthly carrying charge for this condo or other misc mishappens. If you are planning on financing this investment, be sure to speak to a local Manhattan lender that is familiarize with the market, the lending rules, and the mortgage products that may be suitable for you and your son/daughter.
• Accountant: If you are planning to co-purchase the condo with your child, be sure to discuss the possible tax complication you may have with your accountant. Speak to your accountant prior to your purchase can be very helpful.
• Manhattan Real Estate Attorney: In addition, speak to a local Real Estate attorney will be helpful as well since the local Manhattan Real Estate can also advise you what is the best way to structure the purchase and think about who/how should take the title of the deed.

• http://manhattannycondosforsale.com/nyc-properties-search/
• Foreign Buyer Frequent Asked Questions
  
• Types of NYC Apartment Buildings-Brownstone, Postwar, prewar…
• NYC Apartment Terminology-Studio, Alcove Studio, Lofts…etc
• Greenwich Village-A fantastic Manhattan New York neighborhood
• SoHo-A vibrant Manhattan New York neighborhood

view from Long Island City condos!

必须了解公寓情况

在美国购房, 一次付清现金的买者比例不很大. 但是,买房一次付清手续费最低,操作时间最短.买房步骤最简单. 由于次级房贷危机,外籍人可以申请的房屋贷款减少,所有银行对外籍人和美国人房屋贷款的要求加严.申请房屋贷款的难度大为增加.外籍人用现金购买的人数增加, 通常可以讨价购买到市场最低价格的公寓.

如果必须贷款,争取放40-50%的首款. 而且一定要先了解您自己的信用总分FICO. 并准备3个月的银行活动表(Bank Statements).

2010年,美国

房利美(Fannie Mae)和房地美(Freddie Mac)的最新规定对Condo(康斗公寓)有严格的贷款政策. 和一般单家庭和多家庭House 1-4 家庭相比, 手续更多.  有时, 虽然借款人个人收入和信用都非常理想，不少新公寓甚至部分二手公寓的贷款申请仍被拒之门外。最近银行拒绝房贷有以下原因:(1)新公寓预售比例低,没有达到70%;(2)大楼商业楼宇面积比例太高; (3)HOA (Homeowners Association) 没有转给业主;(4)大楼管理委员会没有买够保险( 如: fidelity bond; Master insurance 没有包括 replacement cost)等等;  (5)为了降低风险,单个买主不可以拥有超过总户数10%.

因此,房屋贷款人必须注意以下几点:

1. 在签购房合同前,必须从有经验的经纪人那里了解公寓预售比例，了解大楼情况. 如一般预售必须超过70%, 但是有例外, 如新美贷款银行可以接受部分预售25%的新建公寓.打电话给金小姐(917-863-0551)和许小姐(646-644-6929).

2.      在购房合同里加入Mortgage Contingency Clause，保护购房者. 如果没有获得贷款,可以终止合同.

3.       先与新美贷款银行联系, 确定康斗公寓本身符合房利美和房地美的规定和政策. 中文咨询新美贷款银行负责人陈先生Kenny Chen (917-518-1872) Kenny.chen@smb-mortgage.com

我是許小姐Chinese Speaking Real Estate Agent in Manhattan New York,曼哈頓房地產的專家我能說流利的普通話和英語。我幫助了許多中國和亞洲人為他們 的孩子在紐約購買曼哈頓房地產.曼哈頓房地產是於世界上任何其他地方或國家不同,也於其他美國州不同.

Chinese Speaking Real Estate Agent in Manhattan New York 購買紐約曼哈頓公寓作為父母為子女購買，你應該明白你的預算和時間。這是一個五年計劃，同時你的孩子去學校在紐約嗎？我們與許多父母是誰買他們的兒子或女 兒去紐約大學，帕森斯設計學院，視覺藝術學院，哥倫比亞大學，Jillards音樂學校和其他知名學校這裡在曼哈頓紐約。這是您的兒子或女兒，目前正在曼 哈頓？他們有一個穩定的工作或財務自由嗎？他們目前可以出租和租賃即將到期或每月安排？重要的是我們知道的原因和時間，以便我們能夠縮小搜索你。

購買紐約曼哈頓公寓作為家長為孩子買，你應該與貸款顧問,會計師,曼哈頓房地產律師討論購買程序。

會計師：如果你正計劃共同購買的公寓與您的孩子，一定要討論可能的稅務並發症則可能是你的會計師。您的發言之前，您購買的會計師可以是非常有益的。

許小姐Chinese Speaking Real Estate Agent in Manhattan New York 購買紐約曼哈頓公寓作為父母為子女購買，經驗豐富的曼哈頓公寓的專家來指導您完成這一進程，並瀏覽了曼哈頓房地產迷宮。無論你是首次置業，或投資者，購買 和出售的多個屬性在其他地區或國家的美國，我們可以提供幫助。了解當地市場與市場專家能最大化您的投資，並避免任何可能發生的問題作出的規則。我們的許多 客戶是第一次來的投資者，他們買了許多曼哈頓公寓的。如果您想購買曼哈頓房地產，現在與我聯繫（646)644-6929 許小姐.

Eileen Hsu (許小姐) Vice President Prudential Douglas Elliman
Mobile (手机): (646)644-6929
Blackberry (邮箱): ehsu(@)elliman.com
Web Bio & Listing: http://www.elliman.com/EIH
我能說流利的普通話和英語。

Most desirable aspects of Dorchester Towers is its unique position: It sits on the whole block between Broadway and Amsterdam Avenue on 68th and 69th Streets, combined with the circular driveway at the main entrance on 68th Street provided fantastic double exposures from many of the units from both towers. Dorchester Towers has a full-time doorman and concierge, package room, garage, roof deck, bike storage/storage units and fantastic laundry rooms on every floor on the eastern tower. The location of Dorchester Towers is one of its best selling points, being right in the heart of Lincoln center its residents have great access to subways(1,2,3) bus lines(M104 and M5) and all of the amenities the neighborhood has to offer. About a 5 minutes walk to both Central and Riverside Park, a variety of shopping, the movie theater just across the street, gyms and everything else you would expect to have in this vibrant and well established neighborhood.

In 2009 11 apartments sold at the Dorchester Towers Condominium at 155 West 68th St, New York, New York 10023

For a comparison of years past, in 2006 15 properties sold, in 2007 12 properties sold, and in 2008 12 properties sold. So it appears that Dorchester Towers Condominium in Manhattan is right on its average of how many units sell every year.

The turnover rate was 3.24%.

Breakdown of the type of units SOLD in 2009

• Studios- 2 studios sold- Average price of $545,000 at an average price/sq ft of approximately $1001
• 1 Bedroom-4 One bedrooms sold – Average price of $675,000 at an average price/sq ft of approximately of $1054
• Junior 4*- 3 Units Sold, Average Price- $902,053 at an average price/sq ft of approximately $1,000
• 3 bed/3 bath-1 unit sold at $2,200,000.00 price per sq ft of $1035
• 4bed/3 bath-1 unit sold at $1,610,000.00 price per sq ft $782

*- The Junior 4 Layout or 1 bedroom with dining alcove has some of the most variation in apartment layout, # of bathrooms, and square footage in the entire building. Each unit has to be looked individually to determine a specific price point based on its unique characteristics.

*- The Junior 4 Layout or 1 bedroom with dining alcove has some of the most variation in apartment layout, # of bathrooms, and square footage in the entire building. Each unit has to be looked individually to determine a specific price point based on its unique characteristics.

How do the Prices in Dorchester Towers Compare to 2008?

• Studios-2 Units Sold at an average price of $956 sq/ft
• 1 Bedroom-6 units sold at an average price of $1069
• Junior 4-4 Units Sold at an average price of $947

What does this all mean?

Because Dorchester Towers Condominium is such a large building, 680 apartments, and the specific location and design of the building, taking up the entire block from 68th to 69th Street from Broadway to Amsterdam, the layouts, exposures and floor level have dramatic effects on the pricing of each unit. The building was originally built in 1965 and converted into condominiums in the late 80′s so the physical condition of each unit will depend on each individual owners ability to remodel.

At Dorchester Towers Condominium it is very important to know the fine points of the building because there are so many layouts and variations that will effect pricing. Understanding individual lines, a pricing history of similar apartments, exposure and view will greatly impact a pricing strategy or bidding strategy for both buyers and sellers.

TO READ MORE OF DORCHESTER TOWERS BELOW:

• Dorchester Towers : May 2009 Month in Review
• Dorchester Towers Condominium Market Report
• Dorchester Towers Condominium Rental Report
• Dorchester Towers Condominium, 155 W 68th St
  
  

We are in a competitive market, hence working with two agents that live in the building and that specialize in condominium sales will you give you an advantage when it comes time to sell or rent your apartment. Our approach to selling your apartment is intentionally unique. We use strategies that most real estate agents do not use. If you are interested in hearing our proposition, contact us immediately to see how we can help you achieve your goals.

For a complete list of the current apartments for sale at the Dorchester Towers Condominium or for condominium apartments for sale in the Upper West Side call Morgan Evans or Eileen Hsu at (212)321-7122 or (917)837-8869 for further details.

___________________________________________________________________ If you are a seller that would like to have your property showcase to our oversea buyer connection. Please contact us now at (646)644-6929. If you are a buyer that speaks Chinese and would like work with someone that speaks your Chinese dialect, call us now at (646)644-6929. We are both English and Chinese Speaking Real Estate agents under one of the most successful Manhattan Brokerage firm Prudential Douglas Elliman with extensive market knowledge. In addition, we specialize in connecting the local Manhattan sellers with both local and international buyers with our preferred buyer networks. Call us today at (212)321-7122 or (646)644-6929.

Manhattan Condo Under $500K are usually studio apartments. A studio apartment is typically a complete living area including the kitchen, living area, sleeping area – without walls. The only private area is the bathroom. The size for the studio apartments are anywhere from 150 Square feet to 550 Square feet. Depending on the location, condition, exposure and market inventory, studio apartment price per square feet is approximately $1,000 per square feet.

Manhattan Condo Under $500K can also be a good Real Estate investment for first time investors. We work with many first time investors that prefers to put their cash in Real Estate market than in stocks in today’s market. Many of our first time investors are also conservative investors therefore we have always recommend to start at studio apartments and if they enjoy it, we expand their Real Estate portfolio to larger apartments. Studio apartments are good Real Estate investments because the price is the entry level of our market place here in Manhattan New York, it is easier to find renters to occupied the apartment, it is also in high demand in the sales market if the investor ever decides to sell the studio apartment.

Manhattan Condo Under $500K are in high demand among first time home buyers. Many of our first time home buyer have been past clients of ours that rented apartments from us. We do both sales and rentals, many times our rental past clients turn into sales clients once they saved up enough down payment or have decide to enter the home owner market. In 2009, many of our financial savvy past clients have decided to enter the market to buy vs rent. At studio apartment prices, if the buyer decides to take out a mortgage, it will be most likely under conforming loan amount and the buyers in todays market are receiving historic low of mortgage interest rates.

Manhattan Condo Under $500K are popular among pied-a-terred or second home buyers. Besides servicing the local market, we also work with many buyers from out of town, oversea foreign buyers. Manhattan New York is a city that everyone loves and would like to own a piece of. Our out of town buyers look into studio apartments as a long term investment as well as second home for them when they visit the city of Big Apple.  Not only it is a wise investment, they save the hotel expenses when they or their family/friends visit the big city. Especially during holidays, many of our out of town past clients come into Manhattan New York to enjoy the festive lights and the holiday energy that this big city has to offer.

Contact us for your own Real Estate consultation call (917)837-8869.

Read more:

• To learn more the terminology of Manhattan New York Real Estate
• One of best Midtown Studio that is perfect for second home or investment
• Samples of Studios under $400K, please call us for more listings

If you are a buyer that would like to have a private one on one buyer consultation. Please contact us now at (917)837-8869. If you are a buyer that speaks Chinese and would like work with someone that speaks your Chinese dialect, call us now at (646)644-6929.

We are both English and Chinese Speaking Real Estate agents under one of the most successful Manhattan Brokerage firm Prudential Douglas Elliman with extensive market knowledge. In addition, we specialize in connecting the local Manhattan sellers with both local and international buyers with our preferred buyer networks. Call us today at (917)837-8869.

Foreign National Buyers and out of town buyers MUST READ before you buy a condo in Manhattan New York: Foreign National Buyers and out of town buyers represent a good portion of our business. The strong demand of investment properties in New York city by foreigners as the news media has been writing about the softer market here in Manhattan. Our team have been serving foreign buyers in Manhattan Real Estate market for a long time, and not only for the foreign buyers, out of town buyers often find Manhattan Real Estate a unique market of its own.

Here are few considering factors for Foreign Buyers and Out of town buyers before investing in Manhattan New York Real Estate:

• Why do you want to buy in New York?
• Are you aware of the purchase process?
• How much do you want to ‘disclose’ about yourself?
• Do you know the difference between Co-op, condop and condo?
• How much financing do you plan to obtain if any?
• Do you have an US bank account?

As experts in working with Foreign National buyers and out of town buyers, we are constantly educating the buyers and addressing the misinformation and false assumptions that client bring from his/her home town/country, and culture in order to explain the options, alternatives, and their consequences.

• How to Buy a Manhattan New York Condo (Part I) as first time home buyer
• How to Buy a Manhattan New York Condo (Part II) as first time investor
• How to Buy a Manhattan New York Condo (Part III) as Parents Buying for Children
• Manhattan New York Condo Specialists
• Manhattan New York Condo Listings
• Dos and Don’t before you buy Manhattan Real Estate!
• Manhattan New York Different types of Buildings
• We sell ‘AS IS’ condition: No Inspection in Manhattan New York Real Estate

If you are looking to purchase Manhattan New York Condo, we are the Manhattan Condo Specialists. Please contact us as we will be able to access ALL the Manhattan Condo listings in area of your preference. To receive prompt response, please email us at ehsu(@)elliman.com or Morgan.Evans(@)elliman.com. Call us at (917)837-8869.