Buy a house in New York
New York, the Big Apple, opens its door to Wire International Realty. The Wire Group operates in the big city by supporting investors and entrepreneurs over a medium or long period, taking care of the entire management before, during and after the purchase. It is the ideal solution for foreign investors that want to take the guess work out of the equation.
In New York, Wire International Realty follows its clients for residential and commercial types of property with a special attention offered to annual contracts, since there are only few apartments that allow a monthly rent.
If you want to look for short term rent, condo-hotel are the best solution for you. They are condo with a hotel-type of management and with a higher potential revenue than standard apartments. However, the management and the purchase are much more expensive, if compared with more standard solutions.
In New York, condos are the most frequent real estate investment, since they provide lower costs in terms of management and acquisition. Normally, they offer a 3% return over the course of a year, which attracts international investors as well.
Another very well known category of real estate in New York is the co-op. It counts the highest number of properties and have a lot of restrictions on the rent and on the use. This is why co-ops do not not represent the best investment opportunity on the market, especially if the intention is to rent it.
One of the best opportunities that are currently available and that Wire International Realty supports is multifamily. Those are small, non fractioned buildings. This means that, from a financial standpoint, the different apartments are one entity. Multifamily have the cons of not being able to be sold separately, unless they are converted into condos. However, since they are being built in strategic urban area, a lot of investors believe they are a good opportunity to get started in the real estate market.
For advanced investors, there is the possibility to develop small to medium buildings. Wire International Realty closely follows all the phases: from the creation of the business plan to the management of the project, we are here for you.
Our suggestion? To take the time to get a consulting session with Wire and to see the different opportunities, with the goal in mind to find the best one for the budget available.
The Cipriani Building 25 Broadway, 9th Floor
NEW YORK, NY
1000 5th Street, Suite 1305
MIAMI BEACH, FL
17 Grosvenor Gardens
Via Pescheria Vecchia, 1