Sunday, May 16, 2010

Up and coming areas to buy in New York

Up and coming areas to buy in New York


According to the New York Times, it’s the perfect time to consider investing in property to buy in New York. We may be in recession, but that just means that prices are cheaper, and the city that never sleeps is the premiere location for property investors.
With so many iconic landmarks and buildings, the amount of property for sale in New York can seem overwhelming. Here are some of the best areas to find New York property.

For Britons looking to invest in property in New York, the East and West midtown markets are the most popular. Some of the most popular buildings in which to buy apartments in New York are Donald Trump’s ‘Trump International’, ‘The Plaza’, ‘Time Warner Center’ and ’15 Central Park West’.
For investment purposes then any property that is on Central Park would be ideal, but you need to ensure that you have protected park views. You will of course end up paying more for a Central Park property, but some of the best property for rent in New York is on Central Park, so you’ll earn ‘top dollar’ if you let the property out afterwards.
If you wanted to take a risk on an up and coming area you could invest in somewhere like Harlem or Brooklyn. The properties will be much cheaper, which means you’d stand to make more of a profit, but you may need to wait before making any returns.
For investment purposes then any property that is on Central Park would be ideal, but you need to ensure that you have protected park views. You will of course end up paying more for a Central Park property, but some of the best property for rent in New York is on Central Park, so you’ll earn ‘top dollar’ if you let the property out afterwards.
If you wanted to take a risk on an up and coming area you could invest in somewhere like Harlem or Brooklyn. The properties will be much cheaper, which means you’d stand to make more of a profit, but you may need to wait before making any returns.

(ArticlesBase SC #1104311)

JackWalters - About the Author:
Written by Primelocation: Find out more about, New York property  property to buy in New York
Source:  http://www.articlesbase.com/business-articles/up-and-coming-areas-to-buy-in-new-york-1104311.html