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Interested in learning if there any any areas left in NYC that are somewhat affordable still, but are beginning to rapidly gentrify? Thinking of looking to buy, but want to avoid buying in places that have likely peaked.
Interested in learning if there any any areas left in NYC that are somewhat affordable still, but are beginning to rapidly gentrify? Thinking of looking to buy, but want to avoid buying in places that have likely peaked.
Thanks!
Maybe every place has peaked....or maybe no place has peaked.
The days of "good deals" are pretty much over in my opinion
Agreed. Even in the undesirable parts of North Jersey a run down walk-up will easily cost $500K or more. There is nothing cheap anymore, any money to be made is buying expensive properties then later flip for an even higher cost.
Know several people who have moved up to East Harlem; so have been up there a lot over the past year or so; and aside from the projects and or some really hard core areas surrounding very little is "up and coming".
People had already started moving up there before the SAS work began and that opening has just piled on. Things look quiet on the surface, but deals are being made from 96th to 125th, more so as zoning changes are a coming.
Interested in learning if there any any areas left in NYC that are somewhat affordable still, but are beginning to rapidly gentrify? Thinking of looking to buy, but want to avoid buying in places that have likely peaked.
Thanks!
What's your budget?
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Interested in learning if there any any areas left in NYC that are somewhat affordable still, but are beginning to rapidly gentrify? Thinking of looking to buy, but want to avoid buying in places that have likely peaked.
Thanks!
Not NYC, but I would invest in North Jersey. Once the Gateway program (NE Corrider) rail line is built out and express rail tunnels under the Hudson River (2026), RE values will rip. A 30 minute express train ride to midtown Penn Station is a big deal.
North Jersey right now is Long Island minus the LIRR at a 50% discount.
Interested in learning if there any any areas left in NYC that are somewhat affordable still, but are beginning to rapidly gentrify? Thinking of looking to buy, but want to avoid buying in places that have likely peaked.
Thanks!
Interesting question, I would say in Manhattan there are only 2 options left, Eastern Washington heights and East Harlem.
there is gentrification there, but not as strong as in the rest of uptown.
western Washington heights is just too expensive now, same for west and central Harlem.
but thats Manhattan, there are plenty of ungentrified hoods in Brooklyn and Queens, as most the Bronx.
Well, absolutely everyone on this forum loves Parkchester. Everyone.
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