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Is It Cheaper To Buy A Foreclosed Apartment In Manhattan?

And if so how, and what is the best way to go about it, and how much should I have saved? And I'm talking indeed nice place for not a lot of dough. I've found apartments to buy for 90k in Manhattan, so I 'm thinking if I find a foreclosed place, I want it for less than 90k. Can this stumble on and how???

 

Is It Possible To Buy A 250sq Ft Apartment In Manhattan?

Friends and myself are looking to buy a bantam one room efficiency type apartment in Manhattan as a vacation property. We're talking a bed, closet and a microwave along with a bantam bathroom. Any thoughts? Is this a ridiculous idea? How mush would it cost?


I consider you can even find 200sqft. Search through the many real estate search engines or broker pages for Manhattan to get an reason for ranges.. Obviously will depend on location.

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How Much Money Do I Need To Buy An Apartment Building In Manhattan?

or to even develop one, or to put as a downpayment? I want to get in on manhattan.


It depends on where in Manhattan you are talking about. There are apartment buildings on the south side of dominant park , that are valued at 250 million dollars and more. There are other areas in Manhattan, like Chelsea, where you still might be capable to buy a small apartment building, to renovate for 10 to 15 million.
When it comes to real order in Manhattan or anywhere for that matter, price comes down to one thing, and that's location.

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How Does One Go About Buying An Apartment In Manhattan When Using A Real Estate Broker?

My allay and I are looking to buy an apartment in NYC using a real estate broker. However, I don't know if we pick one broker and he helps us through everything and is our liason with all the other essential estate agencies or we pick one broker from each agency.

Any advice would greatly be appreciated!!


First I would say survive sure you work with an expert in your area plus a broker/agent that focuses on investment properties. Also cut d understand sure he/she understand multi-family investment and knows the market.
My firm is one of the largest True Estate Investment companies in the U.S.
Please feel free to email me with any questions/concerns

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How Much Does It Cost Roughly To Buy An Apartment (that Isnt A Dump) In Manhattan Nyc?

If you are COMPLETLEY Alarming please give me a reng estimate aswel. Thanks
Sorry i ment rent not reng or whatever the chaos i wrote lol


About $1.8 million

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