.png)
Whether you're an international buyer, purchasing a pied-à-terre, buying for or with a child, or investing in New York City real estate, each situation comes with unique ownership, financing, and building considerations. Understanding these differences before you begin can help you identify the right properties, avoid unnecessary roadblocks, and make a more informed decision.
How We Help
Every purchase is different, and there is rarely a one-size-fits-all approach. We help clients identify the right ownership structure, narrow the search to buildings that fit their goals, and anticipate potential hurdles before they become problems. Whether you're purchasing your first New York home or adding another property to your portfolio, we'll guide you through every step of the process.
Buying a Pied-a-Terre
A pied-à-terre is a secondary residence used for part-time occupancy, whether for work, weekends, or frequent visits to New York City. While condominiums generally welcome pied-à-terre owners, many co-ops restrict or prohibit them altogether. Even among buildings that permit pied-à-terres, policies vary considerably.
Recent changes to New York's pied-à-terre tax have also added new considerations for some luxury buyers. Choosing the right building—and understanding its rules before making an offer—is essential.
Parents Buying for Children
Many parents choose to help a child purchase a home in New York City. Depending on the building, parents may purchase outright, co-purchase with a child, or provide financial support while the child purchases independently.
Building policies vary significantly. While condos have no major restrictions on this, co-op policies vary. Some may allow guarantors, while others may not. Some may allow gifting of all or part of the downpayment. Some coops might allow co-purchasing, but limit the circumstances or have financial requirements for such purchases. Understanding these policies early helps avoid disappointment later in the search.
.jpg)
Investment Properties
Buying in an investment property presents a host of considerations. Rental restrictions, monthly carrying costs, financing, and long-term resale potential all influence an investment's performance. We regularly help investors evaluate opportunities, identify buildings that align with their investment goals, and coordinate the timing of purchases, including 1031 exchanges, alongside their attorneys, accountants, and qualified intermediaries.
While many investors gravitate toward condominiums because they generally offer greater flexibility for renting, not every condo makes a good investment, and certain co-ops can also present attractive opportunities depending on your objectives.
International Buyers
NYC continues to attract buyers from around the world seeking a primary residence, second home, or investment property. While the buying process is largely the same, international purchasers often face additional considerations related to financing, banking, ownership structures, documentation, and building requirements.
We regularly work with international buyers and have an established network of lenders, attorneys, accountants, and other professionals experienced in cross-border transactions. We can help assemble the right team, identify properties that meet your goals, and guide you through the process through closing and beyond. As a Turkish native, Isil has firsthand experience navigating multiple cultures, and both Isil and Isabel are fluent in English and French, allowing us to serve a diverse international clientele.
