New York Forum - SF Networking Summit Connections

[J. Martin]

This forum is for anyone coming to my Networking Summit who would like to talk about the New York market, local meetings, travel arrangements, etc, and start connecting before the Summit! (see website in signature).

@Parul S. ,

I was able to secure the date for the Summit on Nov 15 & 16th, 2014. Hope you can make it out! @Markeilsha R. is also from New York and expressed interest in making it out. Have you two met before? It would be great to have @Joe Fairless and some other really active members from the site use this an excuse to come visit SF.. 

So how is the market in New York? Hot as SF Bay Area? Are some of you traveling out of state to get your returns? Or absorbing the appreciation in your market? It seems like the NYC market has a lot of similarities to the SF market: very high $/ft prices (but makes $1k/ft here look like a steal ;) , legal and rent control issues (PITA, but can produce big returns for those who can navigate them), a strong market with solid appreciation (but typically not much or negative CF at purchase), previously marginal areas blowing up like crazy (Mission in SF; Brooklyn in NYC ..)

@Amit M. , you haven't ever had a property in NYC have you? Sounds like the kind of market you could thrive in, if it weren't so far from home.. Do you think it's pretty similar? Or more differences than meet the eye? @Account Closed , thoughts?

[Amit M.]

@J. Martin yes I think your comparative analysis of SF and NYC is spot on, especially with the substantial PITA factor :)  The only difference is that NYC is much larger than SF, so I'd say it's more Manhattan and parts of Brooklyn that are directly comparable. 

I have been to NYC several times (most recently last April) and loved it!  You get the same sensation as SF, that every nook and cranny has something to offer. And that real estate wise, every nook and cranny has value!  Of course the specific laws, regulations and market dynamics are different, but if I wasn't in SF I'd most likely be in NYC doing the same thing!