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It’s time to think about the advantages of buying a New York City townhouse as a nest egg for your kids. By putting one building in each child’s name, you’re making a long-term investment with a great rate of return. In the last seven years, the average price of an Upper West Side brownstone has doubled – imagine the returns on a twenty-year investment.
The key to a smart Manhattan townhouse investment for your child is to buy a building in a premium location with rent stabilized tenants. As vacancies occur over the years and the apartments become free-market, the townhouse will become a potential single family home, magnifying its value above its former status as an investment property. Thus your townhouse value will grow even faster than the general real estate market.
Call Cathy, at (212) 769-2900 x 219, or email her at cathy@townhouseexperts.com, to discuss the details of this kind of gift.
Are you interested in buying this Upper West side Townhouse? For more information on NY townhouses and New York City Brownstones for sale , contact Vandenberg — The Townhouse Experts TM. We specialize in townhouse realty.