Skip Navigation

Good for Starters?

Started by anonymous
about 20 years ago
Discussion about
What's a good area to look in for a "starter" 1-bedroom for a single professional with 100K in savings?
Response by hvonb
about 19 years ago
Posts: 1
Member since: Nov 2006

inwood-hudson heights. got a starter apt there 5 years ago and it has quadripled in value.

Ignored comment. Unhide
Response by anonymous
about 19 years ago
Posts: 8501
Member since: Feb 2006

yes, and they are great neighborhoods

Ignored comment. Unhide
Response by anonymous
about 19 years ago
Posts: 8501
Member since: Feb 2006

I lived in Hudson Heights for several years. Yes, some areas are good, but there are many that are marginal at best. I was in prime Hudson Heights, and if you go three blocks you are in the marginal areas. You have packs of kids roaming the streets; I can see bad things happening. If you have 100k in savings, I would look elsewhere. Hudson Heights and Inwood are areas that will be more negatively impacted in a downturn. You have enough for a starter apartment in UES and LIC.

Ignored comment. Unhide
Response by anonymous
about 19 years ago
Posts: 8501
Member since: Feb 2006

bravotm, I just closed on a place on the UES....found there's more inventory for 1 br/studio alcoves and the neighborhood isn't marginal, which means better resale in a low market. Plus if/when the 2nd ave subway goes in (which seems imminent) your value will be higher.

Ignored comment. Unhide
Response by anonymous
about 19 years ago
Posts: 8501
Member since: Feb 2006

how about downtown. there's some very good deals there now, and with 100k you should be able to get an even better deal. think south of tribeca...below ground zero...and also east of ground zero. so long as you are willing to stay in the place for a few years, should come out on top

Ignored comment. Unhide

Add Your Comment