....how about taking a look on the Upper East Side?
For many years the Upper East Side was known as the place to live if you were newly rich, had old money or aspired to be living amongst those that had it all. The finest restaurants, the priciest shops and best markets all were found on the Upper East Side.
Well, many of the city's affluent still reside on the Upper East Side but due to a higher that usual inventory of empty apartments there are now many properties for sale and for rent which are priced to attract first time buyers or those that need a second home.
Studios can be found for around $300,000 and one bedroom apartments start around $400,000. In terms of Manhattan Real Estate these are great values and as the word gets out and the inventory dries up prices will no doubt increase.
But, for the moment, if you are looking for a good deal on a studio or one bedroom apartment look no further than the wealthiest neighborhood in the city....ironic isn't it?
Oct 15, 2010
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