New York City has always been among the costliest real estate markets in the US. While investors are already watchful enough because of the high cost, the notoriously varying property prices in different locations make investing in NY real estate quite a gamble.
According to the latest findings of Bloomberg, “A few blocks may make all the difference in the price you pay for a home in Manhattan and Brooklyn”. The property resale prices are relatively higher in Eastern Manhattan and in the parts of Brooklyn adjacent to Manhattan. The situation is opposite in Western Manhattan & farther parts of Brooklyn.
Read the full report by Bloomberg on NYC real estate property price fluctuations.
New York based real estate investors looking for high-return investment opportunities in Brooklyn can partner with NRIA for a secure & profitable deal. Visit nria.net/contact-us/ or call at 201-210-2727 to connect with us.