Need
help finding your next investment property? Contact
Us
New York City
offers the real estate investor a wealth of
opportunities to diversify
or otherwise add to an existing
portfolio. Limited landmass for expansion,
population growth coupled with an increased national and international
demand
for New York City real estate has led to a competitive buying
market. New high-end condominium development further increases local
property value and serves to attract investors from all around the globe.
New York City offers the real estate
investor a wealth of opportunities to diversify or otherwise
add to an
existing portfolio. Limited landmass for expansion, population growth
coupled with
an increased national and international demand for New
York City real estate has led to a competitive buying market. New high-end
condominium development further increases local property value and serves
to attract investors from all around the globe.
Since we are based in Manhattan,
we are familiar with local buying trends as well as borough -specific
market conditions. Our specialists can assist the national or international
investor to locate and utilize market values through analysis of the
current investing atmosphere. We
provide potential investors with feasibility
reports and sound, knowledgeable advice.
Access to comprehensive resources ensures that investors
receive thorough, unbiased information on the viability of a particular
neighborhood. We specialize in new construction
and re-sale investment
opportunities, both in investment grade and residential property.
New York City has a variety of neighborhoods that
offer real estate investors a chance to own a piece of the Big Apple
while diversifying their portfolio. If you are interested in learning
more
about how Elika Associates can help your investments realize a
profit, please fill in the following
contact
form and we will get in touch with you within twenty-four hours.
We look forward to
working with you!
"Could
i begin life again, knowing what I now know, and had money to invest,
I would buy every square inch of Manhattan." John
Jacob Astor - America's first millioniare
The following is a summary of our
investment specialties
New Developments: It
is estimated that median prices in Manhattan will rise by ten
to twenty percent in 2007, even as the rest of the country
experiences a stagnant housing market. Investors who choose
to put their money in real estate here can make anywhere from
a twenty to a one hundred percent profit. As well, investing
in new construction is often less expensive, particularly through
the condominium market, since down payments are less and there
are fewer restrictions for buying and selling. In addition,
new constructions usually have tax abatements attached to them,
so taxes for the property for the first ten years are eligible
for moderate discount. We work with investors to research investment
opportunities in new construction through a variety of resources,
including investment grade condominium
developments and retail establishments.
Re-sales: The popularity
of the re-sale market has increased in the past few years, but
there many aspects of the market that demand an investor’s
attention. We can show you what you will need to look for in
a re-sell property that might decrease the value of the property,
including the location, crime, and age of the building, and the
condition of the property. We can then work with you to find
the properties that have the most potential. For investors interested
in purchasing multi-residential properties such as apartment
complexes or condominiums,
New York has a continuous supply of investment opportunities.
26 Broadway, Suite 1608, New York, NY, 10004 Tel: 212-590-0540 Fax: 212-590-0549