Dumbo vs. alphabet city

Started by Omnav

almost 10 years ago

Posts: 2

Member since: Sep 2014

Discussion about

I have seen two units the same price one in alphabet city (600sqf, brand new, 1 bed, nice finishes) the other in dumbo (1050sqf loft with two acloves but not real bedrooms, nice building). This is for investment. Which one should I go with?

Response by Admin2009

almost 10 years ago

Posts: 380

Member since: Mar 2014

Have you checked the rental markets for the 2 neighborhoods in order to determine cash flows ?

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Response by Omnav

almost 10 years ago

Posts: 2

Member since: Sep 2014

They are pretty much the same. The one in Dumbo will pay for the costs (mortgage+carrying costs). The one in alphabet city will be short by $200-300. I am more wondering about the price growth in both neighborhoods.

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Response by Flutistic

almost 10 years ago

Posts: 516

Member since: Apr 2007

Check the hurricane evacuation zones here on Street Easy. My instinct is, if you can get your carrying costs met that trumps the unknown of appreciation. However I am biased because I don't understand why people like alphabet city, maybe because I worked on a Habitat for Humanity house there in the 80's?

Dumbo vs. alphabet city

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