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.
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.
Go team RE
>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.
is there room in shitty, shitty hunters berg von greens dale stein?
Yes
http://streeteasy.com/nyc/talk/discussion/34862-best-investment-in-manhattan-over-next-5-years
I happen to like midtown.
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.
Just pick a neighborhood you want to live in.
Don't worry about appreciation.
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.