Mar 24, 2011

Are there still DEALS to be had in Manhattan?

These days, few areas of Manhattan can be considered undervalued, despite fallout from the recent recession. Still, there are pockets of the city that haven't yet reached their full potential.

For instance, areas like Hudson Yards and Yorkville are a good bet for investment because of the massive construction projects underway nearby and the Second Avenue Subway respectfully.

Here are a few lesser known areas where value can be found...

Upper West Side, 90's: Major development of both residential properties and retail big box stores has vitalized this area and made the condos and coops nearby more valuable.

Northwest Chelsea: In recent years the construction of the High Line made West Chelsea one of the city's most expensive neighborhoods. But, travel a bit North, say from 24th to 34th Streets and there are still good values.

Co-op Village, Lower East Side: The Lower East Side is no doubt one of the hottest neighborhoods in the city. but its revitalization is new enough that properties can still be had on the cheap.

No one is going to ever claim that property in New York City is a bargain. However, with in the realm of what things sell for there are, as you can see, still some deals to be had.

Time to buy....

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