Investing in East Village Real Estate Market

The East Village is one of the most happening neighborhoods in Manhattan, home to some of the buzziest new businesses and cafes. If you’re looking to further your real estate career, then this guide is for you!

Here, one of the greatest landlords in East Village, Raphael Toledano, will help you navigate the challenging market in New York City.


Why Invest in Real Estate in NYC’s East Village?

With so much happening in the East Village, investors can find themselves with a ton of great properties to choose from. With the best location in all of Manhattan, the East Village is becoming synonymous with great real estate. You can find luxury towers, tri-state commercial properties, and million-dollar co-ops. What’s even better is that many of the East Village’s best properties are available for lease. If you’re looking for something a little more permanent, you can always acquire rental properties. In general, rentals appreciate faster than new construction, so this is an excellent way to build wealth over time.

Raphael Toledano is the president and founder of Brookhill Properties, a leading New York City real estate investment firm. In 2015, the company acquired a multi-family portfolio of 16 buildings worth $97 million in the East Village. A total of 301 residential units and 15 retail tenants were included in the deal. In turn, this made Toledano one of the top landlords in the city.


The best investment properties in the East Village

As we mentioned above, the best properties to invest in in the East Village are tri-state commercial properties. This is due to the fact that New York City is the epicenter of commerce. From the financial district to Times Square, the East Village is the nerve center of New York City. There are a number of high-end commercial properties in the East Village that would be just perfect for an investor.

Here, Raphael Toledano names a few:

· 20 St. Marks Place - This is a 10-story, Class

· A office building in midtown 212 West 57th Street

· A high-end residential building with a historic feel 7 East 2nd Avenue

· A 5-story co-op near Bryant Park.


What to Look For

When buying an investment property in the East Village, you’ll want to make sure that you’re aware of what to look for when purchasing. Here Toledano shares a few things to keep in mind:

Check the property tax bill. This is one of the best indicators of how well the property is being used. If the tax bill is very low, you may want to talk to the seller about lowering it.

Check the hours of operation. If the property is open only during the daytime, you might want to keep your eyes open for nightlife options.

Check the condition of the exterior. Make sure that the building materials and the exterior are in good condition.


Buying an Investment property in the East Village

One of the first steps in buying an investment property in the East Village is to find a home inspection. Then, you’ll want to start looking at properties one by one. When buying an investment property in the East Village, Toledano recommends that you schedule a meeting with the seller’s prospective buyer. This will help you get to know the sellers better and will speed up the process of buying your first investment property. You may also make an offer early, while the property is listed, so that you don’t miss out on an opportunity because you missed the listing.


To Sum Up

Investing in real estate in New York City is a great way to make money. There are plenty of opportunities to buy and sell in the East Village, and if you’re willing to look past the headlines and dive into the nitty-gritty, you’ll find that real estate in the East Village is quite accessible for the average person.


Raphael Toledano’s Scholarships

Raphael Toledano is proud to help the next generation of real estate professionals and entrepreneurs by offering scholarships for their studies. Recruiting the best real estate talent is Toledano's top priority, and he is always on the lookout for new talent to join his team at Brookhill Properties.





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