New York, New York

Erna Low Property has recently launched two brand new developments in the heart of Manhattan and Brooklyn. Recently completed and ready for immediate occupancy, the two prestigious developments by an established New York developer, boast superb facilities and contemporary design offering residents comfortable and convenient living in the Big Apple.

Moreover, Erna Low Property has teamed up with two specialist local rental agencies to offer an all-round rental service tailored to each owner’s apartment and projections for returns are expected to start at 4% (after costs). Rental property in NYC is still in high demand. Commenting on the NYC market, Property Investor News stated that ‘New York had the lowest vacancy rate, at 2.2% and the highest effective growth at 3.6%. ‘(February 2008)

The Manhattan Condos: Situated just off Fifth Avenue and spread over 55 floors with fabulous views in the Midtown district, the apartments are ideally located to all of Manhattan’s sights and attractions. There is a 24 hr doorman as well as a state of the art fitness centre. Prices start from US$1,010,000 for a one bedroom apartment measuring 767sq ft on the 14th floor with potential returns starting at 4% and ready for immediate occupancy.

The Brooklyn Condos: Convenient and a less-expensive alternative to Manhattan, the apartments which are located in Brooklyn’s cultural district are spread over 30 floors with views over the iconic Manhattan skyline and the Statue of Liberty. There is a 24 hr doorman as well as a state of the art fitness centre. Prices start from US$575,000 for a one bedroom apartment on the 11th floor measuring 707 sq ft with potential returns starting at a competitive 4.2% and ready for immediate occupancy.

Bertie Sanderson, Director at Erna Low Property; ‘New York is a unique location from an investor perspective and residential properties have experienced significant capital appreciation. The consistent consumer demand here for high quality apartments in sought after locations fuels the rental growth and the two Manhattan projects offer investors a rare chance to take advantage of this growth in one of the worlds most exciting cities.’

For more information, visit property@ernalow.co.uk.