investment opportunities in manhattan

Why would you think Manhattan is always a good investment. Have you seen historical charts on sales data? Manhattan prices go up and down like a yo yo.
The best place to buy, is a safe deposit box at your local bank - put your money there - you should be able to get one for about $20/month. It's good to be a renter.

> I am among those who think manhattan is always a good invesment.

I guess you don't look at anything like, well, facts or data.

NYC10022 tell that to the people brought their apts at in 2007. Price are down...financing are difficult...net worth gone way down...don't take my words for...check out this article.
http://www.bloomberg.com/apps/news?pid=20601213&sid=adzeEva9VcQo

oh boy, someone who thinks the 2nd ave line will be complete by 2015. there are all kinds of people here who would LOVE to tell you about the many many fabulous investment opportunities right now in manhattan, something tells me you will be very receptive. act now! time is running out!!!

buy now or be priced out forever

LEASEEXPIRING; Follow your instinct.The sarcastic negative types here, are they rich and sucessful?What has been their path to prosperity over the years?I have the notion that most of them are anti/prosperity in their convictions,a composite of rent regulation advocates,envious types,and some few who sincerely have no faith in NY,NY RE.Over the last 25 years,as a small investor I, Like so many others made out very,very well[dispite the recentdownturn].What hasn't been affected?Now might be your opportunity,for a long term score.A Good deal in any of the neighborhoods ,should be considered.

A bargain about to become a bigger bargain is no bargain at all.

And you can slag the folks who called the downturn all you want, but if you had listened, you wouldn't have just lost 30% (or more leveraged).

what wonderful advice! don't listen to the stupid poor commies! you won't believe this, but as luck would have it, jrw293 knows of several opportunities for a savvy investor such as yourself! very profitable!! this is like god's will or something! he is here, you are here, the stars are aligned.

ABC. Always be closing.

>>What do you guys think will be the next Soho/East Village/Lower East Side in terms of great residential investments?
Please leave outer boroughs and jersey out of the discussion.<<

The Sohos, East Villages and Tribecas of the world generally work like this: first come the artists (looking for cheap housing and studio space), then the gays and hipsters take notice and start moving in, slowly turning the area into a trendy 'scene'. Eventually, big money starts taking notice and begins edging out the starving artists and low-rent hipsters. And property prices rise steadily.

If you want to find the next 'it' nabe, look at where the artists and hipsters are moving (and these days that, my friend, is Brooklyn).

sorry to keep being such a poor unsuccessful sarcastic type, but that would, indeed, make williamsburg the ideal opportunity Leaseexpiring seeks. although he did specifically rule out any yucky outer boroughs, and, god forbid, new jersey.

alex09, I wouldn't say Williamsburg is a great bet from a pure investment standpoint (and I say this as someone who owns there). There's a lot of inventory which makes things a bit riskier, though a lot of this depends on your timeline, and the upside is perhaps greater than several other areas, but I would be extra careful.

How about Inwood or Washington Heights?

Thanks for the constructive (and not so constructive) comments. Of course people have lost their wealth if they bought in 07. But that is not the point. The point is that, long term, manhattan will still be as safe a real estate investment as you can make (assuming you don't get ripped off). You can debate if it is a good idea investing in RE at all anymore, but that is beyond this discussion.
Williamsburg seems a bit risky, although I admit I am not that familiar with the market there, and I also think that there are parts of manhattan (upper manhattan specially) which might have more upside 5 to 10 years from now.

Real estate will do well. In 10 years prices will be higher than they were 2 years ago. Anyone who doubts that, you have to wonder why they are in New York City? If you can't make it here, there are other places you might be able to make it.

lol spoken like a true kansas transplant

What sort of cap rate should you buy at?

Despite real estate being higher 2 years ago, compared to 10 years ago, prices are higher today by a good deal.