Market Features

I'll Take Fifth Avenue, Too

Stock quotes in this article:AAPL, SKS 

Trump Tower, The Apprentice building on 56 Street and Fifth Avenue, ranges from $2.4 million for a one-bedroom apartment to $13.5 million for a three-bedroom apartment.

Having a Fifth Avenue apartment is definitely a badge of pride. It doesn't have to be a Candela building or one facing Central Park, because outside of the Manhattan high- end broker or elite circle, I doubt people would know the extra exclusivity.

International clients ask for Fifth Avenue apartments because in most elite societies around the world, people will know the address and associate it with accomplishment, prestige and wealth.

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Wei Min, CEO of Castle Avenue Partners, is a real estate entrepreneur focused on brokerage, investments and management. 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. Wei Min's first exposure to real estate was in 1998, when he helped develop mortgage strategies at Citimortgage. He has traveled to many cities to view thousands of properties. In addition to English, he speaks Cantonese, Malay and is conversant in Mandarin. He is a runner who frequently races at 10K and half marathon distance events. Wei Min holds a black belt in tae kwon do and works out at the gym almost everyday. He graduated with an MBA from the University of Illinois at Urbana-Champaign and a BBA from Marshall University. He can be reached at tan@castle-avenue.com www.castle-avenue.com.

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