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The Foreign Buyer’s Guide to Investing in NYC Real Estate

The Foreign Buyer’s Guide to Investing in NYC Real Estate

August 8, 2025

New York City continues to attract global investors in 2025 thanks to its stable market, strong rental demand, and unmatched prestige. Whether you’re seeking a pied-à-terre, an investment property, or a long-term asset, NYC offers opportunities for non-U.S. residents.

Residency Not Required: Foreign buyers can purchase property without citizenship or residency.

Financing Options: Select U.S. banks cater to foreign buyers, though many choose all-cash offers to stay competitive.

Higher Closing Costs: Expect to pay more in transfer taxes, attorney fees, and title insurance compared to local buyers.

Ongoing Costs: Monthly maintenance fees or common charges, plus property taxes.

Luxury apartment building in New York City with modern architecture.

The Wheelock Team has extensive experience guiding international clients, connecting them with trusted attorneys, accountants, and mortgage specialists who understand cross-border transactions.

With the right guidance, investing in NYC can be both seamless and rewarding.