New York Apartments For Sale
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The city from a New Yorker’s perspective
New York City is a truly remarkable place, one that offers something for everyone. With as many as 800 languages spoken in the city, to say that it is diverse is an understatement. First-time visitors may certainly wish to check out the iconic sights that include Times Square, the Empire State Building, the Metropolitan Museum of Art and the Statue of Liberty, but there is so much more to explore when you go deep within the city’s five boroughs.
Even for those that call the city their home, New York is somewhere that never stands still and so there is always plenty to take in when attempting to navigate this sprawling urban landscape. Soak in the myriad of culture, art and food to be found on every corner as you check out the city by foot, by taking the subway or hailing one of the city’s famous yellow taxi cabs.
When you are watching the world go by, while lazing around in Central Park, it is quite easy to forget for a moment that this place is such a significant global financial, commercial and cultural center. Home to the United Nations Headquarters and many of the world’s leading organizations, it is no wonder that New York City is a prime place when it comes to the real estate market.
The individuality of each neighborhood
The great thing for those thinking about investing in New York property is that Manhattan, Brooklyn, Queens, the Bronx and Staten Island are unique in their own right. Despite being part of one of the most populous urban agglomerations in the world, you will find every neighborhood has its own distinct character – and that goes for its buildings too.
While you could never accuse New York of being cheap, with many exciting new properties being built all the time, there are still deals to be found in all of the boroughs.
Here are some real estate examples of what areas of NYC are hot right now:
If you are searching for property where the streetscapes could possibly be described as varied, quaint and historic, areas like Bedford-Stuyvesant, Clinton Hill and Crown Heights have really come a long way in recent times. This is because excellent value can be found in this evolving neighbourhood typified by beautiful brownstone town homes and condos with high-end finishes. The growing number of small businesses bringing new entertainment, shopping and dining choices to the neighborhood have made it a spot that should not be discounted by potential investors in New York property.
Another charming Brooklyn option is DUMBO, which stands for Down Under the Manhattan Bridge Overpass. The neighbourhood boasts a great mix of commercial and retail space, cultural dining and shopping, plus easy access to Manhattan via the Brooklyn and Manhattan bridges. Being so close to such landmarks mean the district will always be desirable to investors.
Greenpoint is one of the fastest growing neighbourhoods in Brooklyn and with its proximity to in-demand hotspots like Williamsburg and Long Island City (another well-rounded neighborhood), you can understand why plenty of new luxury developments seem to be cropping up all the time.
What about Manhattan?
While it may be hard to believe that value can still be found within Manhattan, you only have to look to the Financial District for proof that there are still some gems to be found there. This may be surprising to some, seeing as it is the financial center of the world, but the area close to popular attractions like Battery Park and South Street Seaport is where you’ll be able to find a real slice of Americana. Its transport links are also becoming a real draw for investors as the areas closest to the trains are really flourishing.
If you go further north, the West Harlem neighborhood of Hamilton Heights is a place that just doesn’t seem like Manhattan. The area above Columbia with its Dominican style and neo-Gothic architecture is remarkably idyllic and ideal for families and those after an escape from the more hectic parts of the city. Lower rents can be found in this Hudson River location and it offers fantastic long-term value.
Harlem as a whole has changed a lot in recent years with retail booming and construction picking up, yet property prices for the most beautiful brownstone homes are still cheaper than you would expect for Manhattan. It is now an easily accessible and pleasant place in which to live.
The Upper East Side provides convenient family-friendly housing and improved transport links to the rest of the city.
At the other end of the scale, the West Village, Soho and Tribeca offer long-term value as even though these markets are a lot pricier, you will be guaranteed a spot in a classic high-end New York neighborhood.