Research has shown that Manhattan’s “sweet spot” for strong returns on real estate investment is in entry-level luxury apartments. The demand for these types of units has proven to stay strong even as the local and national housing markets have fluctuated.
https://www.mansionglobal.com/articles/where-are-manhattan-s-safest-bets-105375
Rider Levett Bucknall, a leading property and construction consultancy firm, has released their latest Crane Index which shows construction trends across the nation. Their findings show that the total crane count is rising across the country and particularly in New York City where, at one time, new construction was focused primarily in Manhattan, but has now seen growth in even the smallest submarkets.
Two Kings principal Manish Shah is moderating a panel discussion at IMN’s 19th annual U.S. Real Estate Opportunity & Private Funds Investing Forum in Newport, RI.
The panel, “Opportunistic Vs. Value-Add Vs. Core Vs. Debt,” discusses real estate asset choices amid a backdrop of a growing economy and rising interest rates.
IMN U.S. Real Estate Opportunity & Private Funds Investing Forum
For more information, please contact info@twokingsrealestate.com.
With the ever-growing population of New York City, the affordable housing crisis is worse than ever. Although reports indicate that there has been a significant increase in housing inventory in the city since 2000, the population continues to outpace this growth.
Housing Supply Growing, But Getting Outpaced by Population’s Swell, Jobs Boom
Two Kings closed on its acquisition of 41 West 24th Street, an 8-story elevator building less than a block from the popular Madison Square Park commercial district.
The upper floors of mixed-use building have large residential units with high-end finishes. The retail space is occupied by Chop Shop II, an Asian-style eatery operated by an established NYC restaurant team.
Two Kings targeted the property for its significant future upside given its location in the Flatiron District, an area that is experiencing growing demand for office and residential space in addition to having an increasingly popular retail and dining market.
For more information, please contact info@twokingsrealestate.com.