Towns on the rebound or decline (Hempstead, Brookhaven: rent, university dorms, to buy)

[Transpl]

I'd be interested to see what people think are the top 5 riskiest and upside areas to buy a home. Not neccesarily looking for a I wouldn't buy in XXXXXX town because it's a bad area, rather I wouldn't buy because the town and property values are OK now but expected to decline. Same goes for the oppposite. Areas with lower property values with a suspect percption that have the most upside. Being new to the area I'm unqualified to offer my stack rank.

[raiser]

If the Lighthouse Project ever goes through I think the property values in parts of Uniondale North of Front Street would go up. Can't really comment on the schools though. Worse case you could rent it to Hofstra students.

The Lighthouse at Long Island

[Walter Greenspan]

Originally Posted by Transpl

Being new to the area I'm unqualified to offer my stack rank.

As you are new to the area, you first might want to familiarize yourself with the local geographic terminology: http://www.city-data.com/forum/new-y...-glossary.html

[Walter Greenspan]

Originally Posted by raiser

If the Lighthouse Project ever goes through I think the property values in parts of Uniondale North of Front Street would go up.

But, property values in the Hamlet of East Garden City will do even better because the Lighthouse Project is in the Hamlet of East Garden City, to the north of the Hamlet of Uniondale.


For those who may not be familiar with East Garden City:

East Garden City is a hamlet (an unincorporated area) in the northeast part of the Town of Hempstead, in the central part of Nassau County, along the Hempstead/North Hempstead town line.

Beginning on the north and moving in a clockwise direction, the Hamlet of East Garden City in the Town of Hempstead is bordered on the north by the Hamlet of Carle Place and the Village of Westbury in the Town of North Hempstead (the Hempstead/North Hempstead town line); on the east by the Hamlet of East Meadow; on the south by the Hamlet of Uniondale and the Village of Hempstead; and, on the west by the Village of Hempstead and the Village of Garden City.





East Garden City is one of those many villages and hamlets on Long Island where none of the places in the community have the hamlet name as part of their mailing address: places in the Hamlet of East Garden City have a "Garden City, NY 11530", "Westbury, NY 11590", "Uniondale, NY 11553" and "Hempstead, NY 11550" mailing address.


Here are some well-known places that are in the Hamlet of East Garden City:

Cradle of Aviation Museum, East Garden City (Garden City P.O.)
Fortunoff, East Garden City (Westbury P.O.)
Hofstra University Dorms, East Garden City (Hempstead P.O.)
Mall at The Source, East Garden City (Westbury P.O.)
Nassau County Community College, East Garden City (Garden City P.O.)
Nassau County Veterans Memorial Coliseum, East Garden City (Uniondale P.O.)
Roosevelt Field, East Garden City (Garden City P.O.)


For a good set of town-by-town maps showing all the villages and hamlets in each of LI's 13 towns (3 in Nassau County and 10 in Suffolk County): http://www.city-data.com/forum/long-...-resource.html

[TomMoser]

My vote goes to Patchogue. They are doing all the right things and their downtown revitalization program will become a model for the rest of Long Island.

[Walter Greenspan]

Originally Posted by TomMoser

My vote goes to Patchogue.

For those who may not be familiar with Patchogue:

Patchogue is a village (incorporated in 1893) in the southwest part of the Town of Brookhaven, in the south-center part of Suffolk County.

Beginning on the north and moving in a clockwise direction, the Village of Patchogue in the Town of Brookhaven is bordered on the north by the Hamlet of North Patchogue; on the east by the Hamlet of East Patchogue; on the south by the Great South Bay; and, on the west by the Hamlet of Blue Point.





The Village of Patchogue has a different border than does the "Patchogue, NY 11772" ZIP Code postal zone (i.e., a place can have a "Patchogue, NY 11772" mailing address and not be in the Village of Patchogue and a place can have other than a "Patchogue, NY 11772" mailing address and be in the Village of Patchogue): places with a "Patchogue, NY 11772" mailing address that are not in the Village of Patchogue are in the Hamlet of Blue Point, the Hamlet of North Patchogue, the Hamlet of East Patchogue, the Hamlet of North Bellport and the Village of Bellport; and, at the same time, there are places in the Village of Patchogue with a "Blue Point, NY 11715" mailing address.


For a good set of town-by-town maps showing all the villages and hamlets in each of LI's 13 towns (3 in Nassau County and 10 in Suffolk County): http://www.city-data.com/forum/long-...-resource.html

[raiser]

Originally Posted by Walter Greenspan

But, property values in the Hamlet of East Garden City will do even better because the Lighthouse Project is in the Hamlet of East Garden City, to the north of the Hamlet of Uniondale.

Will the Lighthouse project benefit local taxpayers?

The Lighthouse project will help Nassau County residents by generating more than $100 million in incremental tax revenue over 25 years just for the Coliseum transformation and Sports Complex work alone. The balance of the project will generate many millions more in tax revenue that would be used by the local School District (Uniondale), Town, County and State to provide local tax payers better public utilities, services and facilities.

Faq

[freerunner]

Originally Posted by Walter Greenspan

For those who may not be familiar with Patchogue:

Patchogue is a village (incorporated in 1893) in the southwest part of the Town of Brookhaven, in the south-center part of Suffolk County.

Beginning on the north and moving in a clockwise direction, the Village of Patchogue in the Town of Brookhaven is bordered on the north by the Hamlet of North Patchogue; on the east by the Hamlet of East Patchogue; on the south by the Great South Bay; and, on the west by the Hamlet of Blue Point.





The Village of Patchogue has a different border than does the "Patchogue, NY 11772" ZIP Code postal zone (i.e., a place can have a "Patchogue, NY 11772" mailing address and not be in the Village of Patchogue and a place can have other than a "Patchogue, NY 11772" mailing address and be in the Village of Patchogue): places with a "Patchogue, NY 11772" mailing address that are not in the Village of Patchogue are in the Hamlet of Blue Point, the Hamlet of North Patchogue, the Hamlet of East Patchogue, the Hamlet of North Bellport and the Village of Bellport; and, at the same time, there are places in the Village of Patchogue with a "Blue Point, NY 11715" mailing address.


For a good set of town-by-town maps showing all the villages and hamlets in each of LI's 13 towns (3 in Nassau County and 10 in Suffolk County): http://www.city-data.com/forum/long-...-resource.html

Good call. Patchogue is IMO going to hit. I wish I could say the same of Riverhead which has so much potential but can't get out of it's own way.

[rocafeller05]

I give Patchogue its 3rd vote. The downtown is looking really good. Now they need to keep improving main street heading east. I think it will def. rebound.

[nancy thereader]

Maybe Bayshore for the same reasons as Patchogue.