Manhattan Investment: Hell Yeah or No?

[Kushal Shah]

Hello Guys!

For those of you who are seasoned investors in Manhattan, do you guys love it or would you rather invest elsewhere?

With recession supposedly looming, will a downturn be good time to invest in Manhattan for a rental property?

What’s the :

1. average profit margin

2. cap rate

3. Pitfalls

4. Appreciation over 10 year period

I looked at few properties and the HOA seems outrageous!!!

I will appreciate any feedback from seasoned players 🙏

[Brandon Cohen]

@Kushal Shah Manhattan is full of neighborhoods which essentially act as submarkets. The market over all was slow through 2010-11 but by 2012 there were lines at open houses and multiple bids was a common occurrence. We’re in a buyers market now in Manhattan except for the occasional hot property which will sell quickly and at/above ask. If there’s something specific you’d like to look at I’m happy to discuss.