NY property

[Guest RetrdEscrt]

I've noticed that a lot of the guys who post here seemed to be East Coast based so i wanna ask a question.Whats the property market like in NY at the moment is it still really expensive or has it peaked ,i'm looking to buy an apartment or townhouse in NY in the next few months and wondered if there was anywhere in particular i should look NY TIMES etc or are there any decent realtors anyone can recommend ?.

 

i've just bought a place in Marthas Vineyard and want somewhere in the city if i'm in town.

 

Thanks JON :*

[Damascene]

New York real estate is still expensive. I bought a studio in a Hell's Kitchen of Manhattan 4 years ago and my apartment has doubled its worth. I found it in Times not using a realtor. A lot depends on where you want to live and how much space. Chelsea, Village and the Upper Sides are expensive. East Village, Hell's Kitchen and Harlem are less so. If you don't mind the outer boroughs, they can be better buys and more of the tribe is moving out there.

 

http://www.newyorkmetro.com/realestate/articles/02/03/realestate/index.htm can give you a decent breakdown of prices and neighborhoods including ones you did no think of.

[Guest tcd31]

Jon,

 

Purely anecdotal evidence, but while the market softened a bit after 9/11, it hasn't really gone down very much at all. My neighbors have their 1 bedroom on the market now and the asking price is about 50% higher than when they bought in 2000.

As for where to look: the brokers here FINALLY set up a multiple listing service here, but so far their websites still promote only their own listings (for instance http://www.douglasellison.com).

Good luck on your hunt!

[Rod Hagen]

If I'm being too nosey, ignore this question, but I'm not around "here" as much as I used to be: you're a retired escort who got his (apparently) buckets o' money where/how? Again, rude I know, but we're all friends here.

 

Anyway, while paging through NYtimes a few weeks ago, I saw advertised a 1 Bedroom with 1 1/2 Bath for $690,000. It wasn't in the Upper East Side, but I don't remember where, in Manhattan, it was. Now I love NYC more than any other US city, but come on, there is no way an unfurnished 1 BR is worth $700,000. You'd have to be a complete fucking idiot to purchase it.

[+ Lucky]

I have a friend whose one-bedroom apartment is for sale at 1.1 million. It looks like it will be a quick sell given the traffic.

[Luv2play]

Well, three years ago people were piling into NASDAQ when it was above 5000. And today...x(

[Guest RetrdEscrt]

Thanks for all the tips guys i'll check em out when im in Boston next week.

 

Rod FYI the money comes from family as i've said B4 im a trust fund kid never had to work a day in my life but got into escorting cos i was good at sex still am ! ,the money has been coming in increments since i was 18 ,basically 18,21,30,and the majority at 35 .This year i decided instead of it sitting in the bank i was gonna put some into property .

[Guest LOVEHANDLE27]

Most investment specialists I have spoken to recently advised me that with the current crises plaquing the country, a real estate investment is far better than stocks or mutual funds. Recouping your losses from these investments might take a while. With real estate however, no matter which part of NYC you are buying, it had always been a good investment because prices have been going up, way up. Try looking at craigslist.com, they seem to have the listing for those looking for less than the 500k range.