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515 East 72 is a unique and exciting property investment opportunity in the heart of New York’s Manhattan Island. This modern condominium building in Manhattan’s popular Upper East Side has studio, one and two bedroom units for sale – all only a stone’s throw from Central Park and close to a wide selection of upscale shops and restaurants. The development benefits from a host of luxury amenities including a resident’s lounge, private garden, sundeck, spa, fitness centre, swimming pool, concierge and valet parking.
Studio apartments are starting from as little as $640,000 and together with the fact that full letting and management services are available; this condominium is a great opportunity for people in Asia looking to invest in New York property.
515 East 72 is close to the banks of the East river with stunning views of the surrounding riverside residential area. Some of the city’s premier areas such as Museum Mile and Madison Avenue are located nearby and public transport options are close at hand. The Upper East Side’s much coveted schools are only minutes away as well as the trendy gourmet food markets of the area.
New York property is an excellent opportunity for those looking for diversity in their investment portfolio. Manhattan is widely regarded as a stable place for property investment and is currently experiencing a strong local economy. Owing to a finite amount of space, the rental demand is high and the rental yield is high and stable, with owners expecting a high calibre of tenants. Property in Manhattan, although undervalued in comparison to other major cities, has experienced a sound track record in terms of capital growth and re-sale activity.
Over a 12 year period, property prices have increased by an impressive 7% on average. In terms of rental yields, Manhattan levels are at a staggering 9% higher than in Q2 of 2011. Gross rental yields for prime property have averaged about 4.5% to 5%.
For those looking for a quality investment with superb earning potential, 515 East 72 has it all. Take a look at the full development brochure and some supplementary information about investing in property in New York. If you are interested in investing in vibrant Manhattan and would like to discuss the opportunity or you want to know more about international property investment opportunities get in touch with us today.
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