Michael Bhagwandin

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How Your Home Equity Could Help Someone You Love Buy in the Manhattan Housing Market

How Your Home Equity Could Help Someone You Love Buy in the Manhattan Housing Market

If you’ve owned your home for years, there’s a good chance you’re sitting on significant equity. In today’s Manhattan Housing Market, that equity isn’t just a number — it’s opportunity. As a New York City Real Estate Agent working across the New York Real Estate landscape, I’m seeing more families explore how built-up wealth in the New York City market can help the next generation step into homeownership.

Nearly 1 in 5 first-time buyers receive a gift from family or friends toward their down payment. And often, that support comes from equity that’s grown quietly over time.

If your children or grandchildren are looking at houses for sale in Manhattan, this may be a conversation worth having.

Equity: A Quiet but Powerful Asset

If you purchased in neighborhoods like Chelsea or the Upper West Side years ago, your property value has likely appreciated significantly.

That appreciation creates equity — and equity creates options.

You don’t need to sell your home to help someone you love. Some families explore:

Even a modest contribution toward a down payment can reduce monthly costs and strengthen a buyer’s offer.

Why This Matters in the New York City Market

Buying in Manhattan can feel overwhelming for first-time buyers.

From co-op board requirements in Gramercy to competitive pricing in Tribeca or SoHo, the entry point can seem high.

A gifted down payment can:

In neighborhoods like West Village and Hell's Kitchen, where strong properties move quickly, a stronger financial position can make all the difference.

It’s Not About Giving Everything Away

This isn’t about transferring all your wealth overnight.

It’s about understanding your options.

You may be able to:

The Manhattan Housing Market offers opportunities for those who plan strategically.

And sometimes, a relatively small financial boost can open a door that would otherwise stay closed.

A Conversation Worth Having

You’re not being told what to do. You’re simply being invited to explore possibilities.

If you’ve built equity through years of ownership in the New York Real Estate market, you may have more flexibility than you realize.

Helping the next generation step into homeownership can:

And it starts with information.

If you’d like to understand how your equity in Chelsea, the Upper West Side, Tribeca, SoHo, West Village, Gramercy, or Hell’s Kitchen could potentially support your family’s goals — or if you’re a first-time buyer exploring gift options — I’m here to guide you through the strategy.

Schedule a call or appointment — or let’s connect.

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Clients appreciate his expertise, as they do his contagious enthusiasm and high energy. Having worked in hospitality, Michael knows that service, integrity and interpersonal charm are key to building business and relationships. Michael is always available to his clients, and strives to make the purchase, sale or luxury condo rental process smooth and rewarding.

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Contact Details

MICHAEL BHAGWANDIN

Phone

(917) 903-3843

Email

[email protected]

Address

5 W 37th St Fl 12 New York, NY 10018

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