Which Manhattan Neighborhood is Best For You?

One of the greatest things about Manhattan is that its made up of dozens of small neighborhoods all on this one little island. Each neighborhood has its own feel and its own flavor and when buying a property the neighborhood is ultimately very important.

Street Easy recently did a study showing where you can get the best value based on what type of apartment you want to buy. By following the numbers you may get a good deal but may need to sacrifice living close to your favorite restaurant or museum.

For example.....if you have a large family and are looking for a Prewar three bedroom Coop the best place to buy (according to Street Easy) is the Upper West Side where you will spend $1,750,000. If, on the other hand you want a Post War Condo Studio then check out the Financial District where an abundance of inventory has brought the price of your studio down to only $550,000. Chelsea is a great place to find a 2 bedroom Coop in a Prewar building and The West Village has some great one bedroom coops in Prewar buildings.

The lesson to be learned here is that while certain neighborhoods may be more appealing to you than others you may be able to get much better value elsewhere. But, not to worry, you can always visit. Happy Home Hunting!