Top 5 NYC neighborhoods to buy an apartment in now

After calling NYC home for a few years, many professionals are looking to strengthen their ties to the Big Apple. The City is not only fun and games but has the advantage of being a value-holder and gaining appreciation when it comes to real estate. In other words, buying an apartment is the perfect way to enjoy NYC while diversifying your investment.

Here are some valuable insights to keep in mind when choosing your neighborhood for a future home:

Part of the Lower East Side, this neighborhood is a diverse area of New York City with a rich past. The area has many historical buildings since it was a popular destination for European immigrants. Several wonderful live music venues, trendy pubs, and amazing nightlife can all be found in this area. It’s a wonderful place to explore other close neighborhoods like Soho, Little Italy, Chinatown and Brooklyn.

Here are some more details to consider:

Home Price: $3,357,500 median sale price
Perfect For: Young professionals, LGBTQ and singles who wish to reside close to Downtown NYC and Chinatown.
Crime rate: Low violent crime rate
Owner-Occupied Households: 20.36%

Certain parts of the Upper East Side are a little more affordable than others, particularly the farther north you go. You can choose a pricey apartment or a more affordable unit. Its proximity to Central Park makes it convenient to access some of the park’s most desirable spots. You may simply go for a run, ride a bike, go for a walk, watch dogs, or visit Museum Mile to see the Guggenheim, Met, and the Jewish Museum. There are many upscale shops and lounges to unwind in, and there isn’t much of a club scene, making it a quiet neighborhood.

Here are some more details to consider:

Home Price: $1,252,700 median sale price
Perfect For: Empty nesters, retirees, families and professionals.
Crime rate: Low violent crime rate
Owner-Occupied Households: 36.08%

One of New York’s beloved neighborhoods is East Village. It’s a funky area with plenty of restaurants and stores. It’s also where famous authors, musicians, and artists formerly lived. It’s creative, vibrant, and a terrific spot for food and drink. An excellent option for young tenants who want the unique, “gritty” vibe of Downtown living. It is a section of Manhattan and is situated midway between the Statue of Liberty and Central Park due to its southern location.

Here are some more details to consider:

Home Price: $1,100,000 median sale price
Perfect For: People who enjoy being in the thick of things and like the picturesque view of NY.
Crime rate: Average violent crime rate
Owner-Occupied Households: 16.14%

The most free-spirited neighborhood in New York is Greenwich Village, where artists frequently exhibit their work in the city’s renowned Washington Square Park. Ideal for young professionals who want to live in a lively area but still value additional space. It is secure and offers a wide selection of eateries and stores. Additionally, it’s one of New York’s most liberal neighborhoods, where several significant historical milestones for LGBTQ rights occurred.

Here are some more details to consider:

Home Price: $1,350,000 median sale price
Perfect For: Families, LGBTQ, professionals, singles and students.
Crime rate: Below average crime rate
Owner-Occupied Households: 30.98%

The trendy neighborhood in New York. There are many different communities represented here, particularly the orthodox Jewish and the Puerto Rican communities. Williamsburg is renowned for its youthful and modern vibe. The area is covered in noticeable street art. Its security has significantly improved, scoring a four out of five in the safety category, due to gentrification, new modern developments and a strong sense of community. The greatest views of New York’s skyline may be found in Williamsburg, thanks to its closeness to Manhattan’s south side. Williamsburg consistently tops the list when it comes to being the most “hipster” area in Brooklyn.

Here are some more details to consider:

Home Price: $1,280,000 median sale price
Perfect For: Families, professionals, and singles
Crime rate: Below average violent crime rate
Owner-Occupied Households: 13.67%

New York offers a broad range of lifestyles and investments while remaining a solid market throughout financial or health crisis. From fixer upper or brand-new development, the choice is yours. A lot of data and information is available but eventually, making the right decision is about understanding where the added value lies for your life and investment.

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