Gentrification

http://www.businessinsider.com/greenpoint-feeling-the-girls-effect-2013-4

Too late for those, buddy, if you are speaking in the present tense. You should be looking for areas which WILL (future) gentrify.

NO crystal ball for that one, but I would stay away form the places that HAVE (past) gentrified.

Good luck!

432 Park Avenue

Greenpoint is definitely not yet gentrified. Still far too many local businesses, which is evident by the inability to purchase things if you lack Polish. Well on its way though, but I think that there is room to grow. Issues though is that the G is really terrible, so will continue to be somewhat less than ideal, until that gets improved.

I agree with Ottawa. Greenpoint is nice, but the mass transit situation is less than ideal. The only subway line in the area is the G and it runs through Brooklyn and Queens only. Residents in Greenpoint either walk over the Pulaski Bridge to get to the 7 or take the G a number of stops to Court Square to catch the 7, E or M to Manhattan.

Try Crown Heights. Its really changing by the week.

Parts of Harlem (East Harlem, Hamilton Heights), Bedford-Stuyvesant in Brooklyn, Sunnyside Queens

Hamilton Heights/Lower Wash Heights would be my bet. I purchased a primary residence here in '06. with the new businesses coming in we've recently purchsed two investment apartments in the area.

As you see in these responses, "gentrification" is a continuum, bringing with it a changing relationship of risk & reward. The funny part is that, by definition, at the top of the process is the beginning of the next decline.

You need to figure out the risk/reward plan that works for you. Getting in while things are truly bleak will get you at the beginning of the steepest part of the appreciation curve. Or you'll be murdered in broad daylight when you go to check on your building. And your trusty Daihatsu will be found up on blocks, its wheels and a few key components missing.

At this point, if you're confident that the upper middle class will continue to be pushed out of Manhattan permanently by dirty money derived from colonial places exhausting their natural resources, I'd direct my attention to Newark and its more down-and-out suburbs.

Oh, and ignore all the hopeful little cheerleaders with their pissant investments in places like Harlem, which had its appreciation priced in years ago (Hi, Bill and Hil!) and has relatively little price upside left, despite any future spiffing up of retail, one or two mid-size new condos, and a third restaurant opening.

By the time a place "gentrifies" it is by definition too late. Corollary - change happens before most people are paying attention. You might want to do a retrospective survey of predictions of "gentrifications" for neighborhoods going back 20 or 30 years, study what the talking heads were saying (newspaper articles), and follow out the predictions. One prediction I remember being made as long ago as 1983 was that Williamsburg was going to be the next East Village, which was then the next Soho, etc. Other neighborhoods mentioned in the above posts have all been buzzed about in varying degrees for the past 30 years, so by the time people saw dramatic "hot" appreciation those neighborhoods had been predicted to be the next big thing for many years prior. Just one thing - I remember predictions about Crown Heights going back as long as for Williamsburg. Williamsburg took off much more dramatically. That would be geography. Look at the runup in "Hudson Heights" and then listen to the chatter about dividing boundary lines separating "good" Washington Heights from "bad" Washington Heights. Maybe there's some potential there, if crossing a street automatically takes you from one price point to another for the very same real estate product.

Wherever the gays are moving. This is a fact not just in NYC but across the US. They did a case study on it at I think it was HBS and everything.

That seems to indicate Wash Heights.

Exactly as I said on another thread ... just follow the Undesirable Types (not just The Gays, but them too), especially if they're moving to a neighborhood with hardcore drug (heroin, crack, NOT meth) users and vendors.

jason10006, you are doing SUCH a good job. What an able little boy you are!

http://blogs.villagevoice.com/forkintheroad/2013/04/hamilton_height.php

Have to agree with Jason10006. Would add midtown west onto that list. Would also add hipsters onto the people to watch list and so further out L-train stops and Inwood.

If you replaced "gentrifying" with "softest" part of NYC I would say hamptons. It has been almost completely dead until last month. Strong rental market but bigger pain in the butt to manage. At least you can use the house 2 weeks a year without affecting its rentability or tax status.

The Highland Park / Cypress Hills area of East New York, Brooklyn; Ridgewood, Glendale, Sunnyside & Maspeth in Queens.

OK - here we go:

.Highland Park / Cypress Hills: The geography.

.Ridgewood: Very nice "homey" feel type neighborhood - just over the Bushwick border.

.Glendale: Much like Ridgewood, but with the added convenience of being smack dab in the middle of the cemetery belt, facilitating an easy purchase if the final piece of real estate.

.Sunnyside & Maspeth: Very nice areas close to Manhattan.

Just my opinions; I've often joked about Brownsville over the years, buy recently I've been starting to read about it actually being considered. Hey - ya never know!

Typo: s/h/b: "...facilitating an easy purchase of your final piece of real estate." Sorry!

You are a strange bird.

Thanks!

walpurgis: "Freebird"!

Hi Truth - long time, no hear. Hope all is well with you & yours; hope your travels were fun (or are, if you're still traveling).

Bushwick. It's still got deals, and the rental market is climbing fast.

The gays are moving to Crown Heights too.

Jason, what about C0lumbia C0unty?

walpurgis: I'm back in Manhattan and East Hampton, until next week, then on to Italy until June.
Check out Jean Nouvel's construction project in Sydney:
"One Central Park".

MattThompson: eliz18 knows her neighborhood, Hamilton Heights. I've visited friends there over the past few years. They moved there from downtown Manhattan. They are musicians, doctors and nurses wanting to live closer to the hospital where they work. Nice friendly neighbors on their street. Some good places to shop and restaurants.

Don't listen to the racist troll, posting several comments on this and other discussions about that neighborhood.

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Truth: You've got some busy schedule, I'll say. Most of my mileage the past 3 nights, as the weather wasn't bad for walking, comprised 4 mile round-trips with both zany canines from Murray Hill to the West Village & back, with stops in the Madison Square Park dog run (of course!) Nice sightseeing tour, especially now that the trees & bulbs have finally started to come out. Got spoiled & impatient from last year, which, as you may recall, had an early spring with everything blooming & sprouting approximately a month ahead of schedule. Hope you had a nice Easter &/or Passover - & to think Walpurgisnacht is right around the corner - LOL! Really now - where DOES the time go, while I spout my "strange bird" opinons on SE?!? Hope to speak with you soon.

Alanhart: Thanks for the Latin transcription of the Easter service. The new Pope would be very proud! :)

Truth: I just looked at the Sydney Central Park project. Very interesting - in a Hanging Gardens of Babylon sort of way. I couldn't help but think of a documentary I once saw about the end of human life on earth, & how vegetation would eventually encroach up all the building remains. Also like moss on a wall. It's great for it's resididents, but I honestly don't care for how it looks from a distance. The buildings themselves -sans vegetation - look very nice, though. Again, like with everything else - just my opinion.

I'm amazed at how Greenpoint and Long Island City have risen, both price-wise and in desirability, in the past 10-15 years. I wou;dn't be surprised if some of the dirtier parts of Jersey City are next to jump; you've still got good train service; NYC is close; the airport is *really* close.

Alan: Ubi didiceris Latinam? Non intellego quid dicis.

"The gays are moving to Crown Heights too."

They're not really gay.

"They're not really gay."

Trust me, they are.

"Trust me, they are."

They are just poseurs.

Easton pa... Just 65 miles west - starting
To turn a Corner. Still a bit gritty, job market getting better

"They are just poseurs."

Duh, that's part of their whole ... thing. That's part of what makes them Undesirable Types. That and, well, you know.

That they're not "authentic"?

@ Alanhurt http://youtu.be/m_mDTLphIVY

"They are just poseurs."

You are one strange man. I am entirely certain that these men who have been out and gay for years are not faking being gay.

But they are not AUTHENTIC.

Given the significant changes (progress) in how society views gay people do you think there will continue to be "gay neighborhoods" in NYC in the future? Maybe gay neighborhoods in Texas might be a better bet. ;) Also, if gay couples adopt and raise children in large numbers they won't have the disposable income which has been a key component to their gentrifying effect on neighborhoods.

Let me guess: They're moving to the Pink Houses in East New York...

walpurgis: The Sydney "One Central Park" construction is big in Australia.
Going to be very nice with the lighting.

No need to guess: You have a life in the real world.
Matt has a life in the real world.
Jason has a life in the real world.
Only a bored loser with no social life would post that Latin transcription on streeteasy.

.