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appreciation potential

Started by rtdukie24
about 13 years ago
Posts: 0
Member since: Jun 2013
Discussion about
Hi, I am new to Manhattan. Which area has better appreciation potential Battery park, midtown or upper east? I was out bid on upper west side. Any advise will be much appreciated.
Response by TheTourist
about 13 years ago
Posts: 134
Member since: Apr 2012

Better appreciation potential ? It s always the cheapest neighborhood.
Which one will appreciate the most ? If anybody knew...
I would prefer to live in Battery park.

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Response by w67thstreet
about 13 years ago
Posts: 9003
Member since: Dec 2008

Go team RE

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Response by huntersburg
about 13 years ago
Posts: 11329
Member since: Nov 2010

>I was out bid on upper west side.

The whole Upper West Side, every available apartment?

> Which area has better appreciation potential
Battery park, midtown or upper east?

The most shitty neighborhood that unexpectedly becomes the most less shitty.

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Response by columbiacounty
about 13 years ago
Posts: 12708
Member since: Jan 2009

is there room in shitty, shitty hunters berg von greens dale stein?

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Response by huntersburg
about 13 years ago
Posts: 11329
Member since: Nov 2010

Yes

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Response by huntersburg
about 13 years ago
Posts: 11329
Member since: Nov 2010
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Response by matsonjones
about 13 years ago
Posts: 1183
Member since: Feb 2007

I happen to like midtown.

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Response by 300_mercer
about 13 years ago
Posts: 10723
Member since: Feb 2007

Places with decent schools, close to transportation, but still a reasonable per sq ft price are most likely to appreciate. Midtown east in the high 50s will be my top pick. The second will be close to highline in early 30s even though it does not meet the aforementioned criteria. Other areas are close to park such as areas within a few blocks of cps.

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Response by NYCMatt
about 13 years ago
Posts: 7523
Member since: May 2009

Just pick a neighborhood you want to live in.

Don't worry about appreciation.

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Response by huntersburg
about 13 years ago
Posts: 11329
Member since: Nov 2010

The market is currently strong, so there are no bargains. So these so-called neighborhoods for appreciation are probably priced already for what they are worth and then more likely to depreciate. Whereas the best neighorhoods are most likely to remain stable.

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