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Updated about 10 years ago on . Most recent reply

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31
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25
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Noelle B.
  • Investor
  • Patchogue, NY
25
Votes |
31
Posts

NYC Marketplace: Where to invest?

Noelle B.
  • Investor
  • Patchogue, NY
Posted

I'm looking to buy my first property in NYC but I'm not sure where I should pull the trigger. What area will see the most growth? Can something like that be predicted? 

I think the most affordable thing to do would be to find a two bedroom apartment in the city our outer boroughs and live in one room, rent the other. 

I think buying a multi-family may be too expensive at this time in the market, and for my budget. 

I'm always looking at different properties in areas I think will see growth but how can I know for sure? Any advice? 

Neighborhoods I've looked into: Hudson Heights, Riverdale, Jamaica, Queens (anywhere in Queens really... but then I ask myself, where exactly?) 

Thank you! 

Most Popular Reply

User Stats

467
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107
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Charmaine M.
  • Queens NY, NY
107
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467
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Charmaine M.
  • Queens NY, NY
Replied

@Noelle B....welcome!!!

I am quite familiar with the  Queens market, especially Jamaica. There are some really nice areas and undiscovered gems in Jamaica. The taxes are pretty low and i think now is a good time to purchase something.

Good luck!!

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