We work with many international foreigners wanting to invest in Manhattan Real Estate. In addition to educate foreign buyers about the maze of Manhattan Real Estate market, our specialty is facilitate the purchase to ensure the transaction is smooth and successful.
Today we sold another Manhattan New York condo to a family from Spain. These buyers contact us through one of our websites, they expressed us that they are interested in buying a Manhattan condominium and have been studying the market and read about all of our informations. These buyers were very impressed with our blog posts that helped them understand the buying process here in New York that is very different than Spain. They have told us about what their requirements were and their target timeframe. We got to work right away, while they were in New York, we were very productive and focus on the properties that is within their criteria. Today, we successfully closed this all cash transaction and everyone was pleased.
To give you some ideas, Foreign Nationals buy a Manhattan Property without having Social Security Number or US residency. As foreign international buyers, they have to meet the condominium/coop board's requirements for approval. At the sale of the real property, Non-resident aliens are subject to federal withholding tax at 10% of the gross sales price, and to a 8.97% New York State estimate income tax on the net sales proceeds (gains).
Foreign Nationals with work visa or student visa can buy Manhattan Properties, at the same time have to meet the condominium/coop board's requirements for approval. If they remain non-resident aliens at the time of the sale of the real property, they will be subject to the same taxes at the time of sale, as above.
To find out more details, you can read some of our helpful blogs below or pick up the phone and call us today (917)837-8869.
We are Eileen Hsu and Morgan Evans, we are experienced and dedicated Real Estate agents. If you are a foreigner or out of towner that would like to invest in Manhattan New York, please call us today at (917)837-8869 to discuss your specific needs. We have years of working experiences faciliating international/oversea foreign buyers and out of towners finding the right Manhattan New York Real Estate investment. TO DISCUSS HOW YOU CAN BENEFIT FROM WORKING WITH OUR TEAM
Email us: http://manhattannycondosforsale.com/contact/
Below are some other helpful blog posts about Manhattan New York Real Estate:
- Blogs all about Foreigner buying in Manhattan New York condos
- Midtown South Fifth Avenue-325 Fifth Avenue
- Fifth Avenue Condo-425 Fifth Avenue
- What is included in my Manhattan New York Condo Common Charge?
- Who can help me manage my Manhattan New York condo?
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Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)
We specialize in Manhattan New York Condominiums, townhouses, condops and cooperatives. We are condominium residents ourselves so we understand the Manhattan New York condominium community. We also enjoy all Manhattan neighborhoods, especially Upper West Side, Lincoln Square, Midtown East, Murray Hill, Financial District, Chelsea, Fifth Avenue, Greenwich Village, Nolita and etc just to name a few. If you or you know someone that may be interested in selling, buying or leasing their Manhattan New York condo, call us today (917)837-8869 or (646)644-6929 and we can discuss your specific Real Estate needs in private. Thank you.
To read more about Manhattan New York Real Estate, click on our websites below:
Manhattan New York Condo Specialists or Chinese Speaking Real Estate Agent
