CLOSE X

Register - if you don't have an account

Yes! Sign me up for Global Property Guide's fortnightly email newsletter.


Login - for registered users

Forgot Password?
Explore destinations
continent map couldn't be loaded Pacific Europe & Russia North America Latin America Asia Africa Middle East Caribbean

 


Financial Overview

Directory

Property Search

Global Statistics

Regional Statistics






Jun 29, 2016

Good yields on studios in New York


Last Updated: Jun 29, 2016
NEW YORK MANHATTAN - condos and co-ops COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
Studio 460,701 2,672 6.96% 10,205 57.91
1 br 948,820 3,456 4.37% 13,143 55.56
2 br 2,211,955 5,078 2.75% 17,847 58.12
3 br 4,316,554 8,451 2.35% 22,723 67.74
4+ br 6,936,912 n.a. n.a. 25,253 n.a.
Source: Miller Samuel Definitions: Data FAQ See also: Update Schedule

Manhattan property has held up well through the crisis and beyond.

How much will you earn? Studio apartments will earn relatively more than one-bedroom apartments (in terms of return-on-investment), and those in turn will earn relatively more than two-bedroom houses, etcetera. To earn higher returns, buy smaller units.

  • a studio apartment can rent for around $2,700 per month, earning a rental yield of around 7%
  • a 1-bedroom apartment can rent for around $3,500 per month, earning a rental yield of around 4.4%
  • Larger units earn proportionately lower returns. A 3-bedroom apartment is likely to earn a rental yield of around 2.4%

Round-trip transaction costs are moderate for buyers of U.S. residential property. See our U.S. residential property transaction costs analysis.

  





Comments


Be the first to comment on this article!



Login or Register to submit a comment!

In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.



Compare Countries



Free Newsletter

Fortnightly updates from the global property arena directly to your inbox.


Email Address:





Connect to professional advice in United States





PROPERTY RECOMMENDATIONS

 
Download free property reports from international research houses

Our Newsletter

 
Fortnightly updates from the global property arena directly to your inbox.

Manage subscriptions