Investing in NYC
NYC investment property basics
How investors evaluate NYC condos, co-ops, and small multifamily buildings — rent yield, carrying costs, and data sources.
Start with building-level data
Investors should compare rent comps, sale comps, and historical activity at the building level — not just borough averages. Giglou building pages aggregate active and recent MLS inventory per address.
Model carrying costs carefully
Co-op maintenance, condo common charges, taxes, and special assessments materially affect net yield. Use listing detail pages plus neighborhood market reports for rent and sale medians.
Match property type to strategy
Condos often allow more flexible subletting; co-ops may trade at a discount but carry board risk. Match the asset to your hold period and exit plan before making offers.