NYC neighborhood suggestion

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NYC neighborhood suggestion

Regina Li
Member since 2022 · 2 posts · 0 votes

Hello, I am planning to house hack a 2 family in either Brooklyn, Queens, or Bronx. Any suggestions please for up and coming neighborhoods/good neighborhoods for renting out? 

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Tony Chung
Member since 2020 · 6 posts · 4 votes
4y

I recommend Woodhaven and Richmond Hill. Especially the area closed to J train.  The price didn't go up much from 2019 to 2022.  2 family house with 3 bedroom in each unit around 780k to 850k.  Some need major repair cost much less.  The rental cost in this area is approximately $2000.  

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  • Ceasar Rosas
    Real Estate Broker · Bronx, NY · Member since 2011 · 597 posts · 341 votes
    4y

    @Regina Li

    Hi Regina, that's great!! I'm a big fan of the Bronx. While it has increased the last few years significantly, it is still the most affordable borough and the one with the most room to grow. I like areas like Pelham Bay, Throggs Neck, Morris Park, Pelham Gardens, Parkchester, and some areas in Soundview. Although, there are plenty of other areas that would make sense as well. 

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  • Abel CurielBusiness Member
    Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes
    4y
    Originally posted by @Regina Li:

    Hello, I am planning to house hack a 2 family in either Brooklyn, Queens, or Bronx. Any suggestions please for up and coming neighborhoods/good neighborhoods for renting out? 

    Hello Regina!

    Cesar has some great recommendations for the Bronx!

    While the price points get higher in Queens and even higher in BK, here are some areas I'd recommend looking into:

    Queens - Richmond Hill, Ozone Park, S. Ozone Park, Woodhaven, Southeast Queens (i.e. Jamaica, St. Albans, Cambria Heights)

    Brooklyn - Cypress Hills, Flatbush, E. Flatbush, Canarsie

    Brooklyn (usually) will get you more access to public transportation and Queens will get you larger lot sizes for lower (or comparable) prices.

    I'd recommend walking/driving through different neighborhoods to get a feel for the commute and neighborhood. We've helped investors in all of these neighborhoods and finding quality tenants within 4 weeks is usually not an issue.

    All the best to you on your search!

    Abel

    REbuild Team - eXp Realty5234 Reviews
    WebsiteView Page
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  • Tony Chung
    Member since 2020 · 6 posts · 4 votes
    4y

    I recommend Woodhaven and Richmond Hill. Especially the area closed to J train.  The price didn't go up much from 2019 to 2022.  2 family house with 3 bedroom in each unit around 780k to 850k.  Some need major repair cost much less.  The rental cost in this area is approximately $2000.  

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  • Regina Li
    OP
    Member since 2022 · 2 posts · 0 votes
    4y
    Originally posted by @Tony Chung:

    I recommend Woodhaven and Richmond Hill. Especially the area closed to J train.  The price didn't go up much from 2019 to 2022.  2 family house with 3 bedroom in each unit around 780k to 850k.  Some need major repair cost much less.  The rental cost in this area is approximately $2000.  

    Thank you Tony! 
    the rental cost in Woodhaven and Richmond Hill are about 2000 for 2 to 3 bedrooms? Also, what do you think about Corona? 

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  • Mike C.
    Woodhaven, NY · Member since 2017 · 3 posts · 2 votes
    4y

    Im from woodhaven, raised here.  I agree, there are decent 2 familes here for 850-900k, which would probably rent for 2000-3000/month

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