Manhattan, New York property is not a yield but rather an appreciation game. An investor buying New York property focuses on the long term appreciation potential. Demand for Manhattan property is global, coming from all over the world. Manhattan is a brand and the vacancy rate is less than 2 percent, relative to the US’s 10 percent average. Inflation would mean rents and property values will increase.

A yield strategy in the US would mean investing in a midsize of small city. For example, Syracuse, New York is a college town with a yield of 10 to 15 percent. From personal experience, the appreciation from a city like Manhattan New York far outweights the rental yield cashflow from a midsize of small city.

Commercial property yield in New York (Manhattan) is driven by price point. The lower price point properties, less than $20 million, generally have an asking price at a 5 percent yield.

The higher price point commercial properties, more than $30 million, would have a higher yield, perhaps 8 percent or more. Reason is that at a higher price point, there are fewer players which decreases demand. Also, buyers at the higher price point are often institutions that put a lot more pressure on sellers from a pricing perspective.

The value of commercial property is driven by yield. Similar to a stock’s PE ratio. The more the landlord can obtain in rent, the higher the value because a set multiple, in this case rental yield, would be applied.\

Wei Min is a real estate broker and investor focused on investment property. He is Founder of Castle Avenue Partners in Manhattan, New York. Previously, Wei Min was VP at Citigroup responsible for a $500 million portfolio. He received Citigroup’s prestigious Chairman’s Award, a recognition awarded to the top 2% of managers. He was also Director of Travel Insurance at American Express where he managed a $180 million portfolio.

New York is one of the very few cities of the world which boasts of having some of the best hotels in the world. The city is famous for its large, popular and luxurious hotels and their five star services. Famous hotels of New York include St. Regis, SOHO, the Sagamore, Roosevelt Hotel and the Muse are just to name a few. The above mentioned hotels are known for their five star service and abundance of all types of incredible amnesties’. Another good thing about New York hotels is that many of them are situated near major city attractions such as Broadway, Central Park, Lincoln Center etc

During the on season it can be difficult for many tourists to find a place to stay if they haven’t booked their rooms in advance. This is why due diligence is imperative because it’s going to save you lots of hassle when you visit New York. You can also surf the internet for information as they are many websites that offer information on various New York hotels and their price packages. Many tourists prefer to live in hotel rooms where they have access to the balcony. In many cases a balcony is one of the most desired features of a hotel room; after all, New York’s skyline is a major attraction for international tourists. A balcony can also give you a good view of your surroundings plus a feeling of fresh New York air blowing though your hair as you stand at your balcony.

Now the thing about rooms with balconies is that they generally cost more than rooms without balconies. However if you are still interested in staying in a room which gives you a feeling of New York’s awe inspiring skyline then there are a few options from which you can choose from.

The Famous Muse Hotel

Now the Muse hotel has a number of rooms, each offering different views of the big apple. Visitors staying at the Muse will enjoy all the extra facilities that the Muse throws in such as Broad band internet, WIFI, an IPod docking station, a stereo system, and you also get a complimentary newspaper every morning. There are also magnificent common spas and in-room spa services for you to enjoy as well. Many of the rooms are also accompanied by flat screen televisions, pillow top mattresses, an iron and hair dryer etc which is not uncommon in luxury hotels of New York City. People who like to keep themselves in good shape will love the in-house gym which is available throughout the day without any extra charge.

The 60 Thompson

When in search for a hotel that can provide you with a top notch room with tons of facilities and a birds eye view of New York city then look no further than 60 Thompson hotel. The hotel offers facilities such as safe deposit box, self parking, tour desk and a café etc. The rooms at the 60 Thompson give you a great view of New York’s skyline something which will make your visit to New York a memorable one. The hotel also offers a number of transport facilities from which to choose from – all of these facilities are geared towards making your time in New York more enjoyable.

There are many other hotels for you too choose from in addition to the two mentioned above. However these are considered the best if you are considering a room with a view of New York’s majestic skyline.