What Kind of Properties are Popular with Investors?
There are four kinds of residential properties in New York:
(i) Condominium apartments;
(ii) Cooperative apartments;
(iii) Townhouses; and
(iv) Single family homes.
We recommend condominium apartments, townhouses and single family homes because they offer the best appreciation and investment values. Cooperative apartments restrict your ability to rent and make improvements and renovations to the property thus reducing its attractiveness, ancillary to that is the fact with a cooperative apartment you actually do not own the property but instead you own shares of a corporation that owns the property. Besides condo apartments, townhouses and single family homes, there is keen interest for commercial (multifamily, office and retail properties).