Fractional ownership near NYC
Hi everyone,
I'm Italian, a teacher, and I've been visiting New York City every summer for over 20 years — it's a city I feel deeply connected to. I'm exploring any real estate solution that fits my budget and allows me to have a base near NYC.
What I'm looking for:
- Any property type (condo, fractional ownership / tenancy in common, co-ownership) — open to all solutions
- Budget per person (or total for sole ownership): $50.000–55.000
- Location: anywhere reachable from Midtown Manhattan in 20–30 minutes by public transport (PATH, Metro-North, subway) — e.g. Bayonne NJ, Jersey City NJ, Staten Island NY, or similar
- Purpose: personal/vacation use when I'm there, and the option to rent it out when I'm not using it
I'm a foreign non-resident buyer (Italian citizen), so I'm also open to advice on how to structure the purchase correctly from a legal and tax perspective.
I'm at an early stage and happy to connect with anyone who has experience or similar goals.
Thanks!