At KG Properties of New York, we recognize that investing in residential real estate can be a daunting and even intimidating task; that is why we strive to make it as easy as possible for our clients – whether they’re experienced investors or first-time purchasers. How do we do this? by providing independent information, expert advice and comprehensive knowledge to help our clients find the ideal investment property.
For a decade, KG Properties has specialized in helping both international and US investors achieve their real estate goals through the selling and purchasing of condominiums throughout Manhattan.
New York City offers real estate investors a wealth of opportunities to diversify or add to their existing portfolios. With population growth and increased national and international demand, New York City remains a competitive global marketplace. In this dynamic environment, KG Properties prides itself on going well beyond identifying and analyzing investment properties. After you close on your property we will work diligently to find you a qualified tenant, and also manage the property on your behalf, including day-to-day administration, repairs, leasing and reporting. Click here to see a list of the comprehensive management services we provide.
The KG Properties “Five-Step Approach” to successful real estate investment
When working with investors we take a 5 Step Approach:
STEP 1 – EVALUATEFirst, we talk with you to understand your investment goals and the type of financing you anticipate getting. During this stage we evaluate a range of factors such as desired apartment size, price, location and use. Whether you will be living in the apartment, using it as a pied-a-terre or renting it out will influence what building and apartment is right for you.
STEP 2 - IDENTIFY & ANALYZEThrough our extensive database we will identify investment properties that match your specific criteria. Based on whether you will be financing or paying cash for this purchase, we will itemize your monthly income and expenses. Click below for a sample calculation.
If you are purchasing this property strictly to rent it out, then before showing you any properties, a member of our team will prepare this report as if the apartment were available to be rented today.
STEP 3 – REVIEW AND NEGOTIATE
After we have helped you identify the right property, our team will provide a comparative market analysis (CMA) on the building and apartment. This will include past sales as well as current apartments on the market. For an example CMA click below:
From this report we will be able to guide you in making an offer on your selected property.
STEP 4 - CLOSE THE DEAL
Once your offer is accepted, you will need legal representation from a New York City-based real estate attorney. Your attorney will negotiate all contract terms on your behalf, perform title search, as well as conduct due diligence to ensure it is a sound investment.
STEP 5 - BEGIN COLLECTING RENTAL INCOME
At this point, you have title and own your new property. Now, KG Properties can help you find a qualified tenant. Our goal is to maximize your rental price while minimizing your vacancy rate . We will market your property to our extensive database and the brokerage community by using a strategic mix of professional photographs, open houses, print and web ads, as well as email marketing ads.
At KG Properties we build strong relationships from the start and work with our investors for years to come.
“We are with you BEFORE, DURING and AFTER the Sale”
