Condo Purchase for Study Abroad Children @Kips Bay

To convert the disappearing rent of study abroad children into dollar rental income, we assisted parents who contacted Corinee after screening basic information such as preferred area, budget, size, loan needs, etc.

They wanted a place convenient for commuting to the school where their children are attending, and we provided listings of condos in Midtown with excellent accessibility to all areas.

​Located on the border of Midtown, Eastlight Condo.

Eastlight Condo is a newly built condo developed by COA 200 E 34th LLC and designed by CetraRuddy, completed in 2021, consisting of 34 floors and 144 units.

Located on the border of Kips Bay, NoMad, and Midtown Manhattan, it has excellent accessibility, with Madison Square Park, Bryant Park, Empire State Building, East River landmarks closely located. Also, it's close to Koreatown, and the area is densely populated with various restaurants, cafes, and retail stores, providing an excellent living environment.

Eastlight Condo is within a 13-minute walk to 4, 5, 6, 7, S subway lines and accessible by ferry.

Moreover, it's 10 minutes on foot to NYU Medical School, 12 minutes to SVA, 15 minutes to NYU Subway, and 15 minutes to Parsons Subway, making it a convenient location for commuting.

It is equipped with amenities such as a fitness center, private studio, resident lounge, game room, wine storage, rooftop terrace, and private dining.

<Approximately 4 months from custom listing to contract closing>

Expected Dollar Rental Income: Approximately $5,500!

1 Bedroom Sale Price: Approximately $1,300,000

Parents, concerned about the continuous disappearance of rent, decided to purchase New York real estate.

While their children are studying abroad, they plan for them to reside, and later rent it out for rental income.

We provided customized listings based on their budget, area, and size preferences, and the parents visited New York to conduct showings themselves. (In cases where they cannot visit in person, we provide information through photos or video recordings.)

After various property showings, they decided on the Eastlight Condo!

To proceed with the actual real estate purchase, they consulted with attorneys and accountants in the Corinee partnership. In cases where a loan was needed, we also assisted with connecting to banks.

New York allows foreigner loans, and loan approval is based on the income tax in Korea. *Since each case is different, you should consult with an expert for specific details.*​

606 SF (17 pyeong) 1-bedroom unit with an expected rental income of approximately $5,500!

This unit has a west view and city view. Eastlight units have high ceilings with noise prevention devices from floor to ceiling, and oversized windows for excellent lighting.

Finished with white oak wood floors, it features Miele appliances (including a dishwasher) and a marble countertop with a garbage disposal unit.

It comes with Bosch washer and dryer, and the bathroom is configured with white marble flooring.