I ran across an article on the New York Times’ website about the current real estate market in New York. The market in New York City has changed quite a bit in recent years. The city is safer and cleaner than it has been in recent memory, and finding apartments in NYC luxury real estate and homes in the area are more affordable than they have been in awhile as far as New York standards go.
If you’re on a budget that is under half a million and you’re looking for something with a yard, then Staten Island may be your best bet, but other neighborhoods like Manhattan may take a little more time and patience to find something nice and that affordable. Brooklyn has a place called the No. 2 at 268 Berkeley Place in Park Slope that’s considered a cooperative complex that is priced under $500,000, and the residents say that it takes you out of the big city feel of things. Places like that do have a drawback though. The place in Brooklyn has a garden that’s actually bigger than the apartment itself. There are places in Brooklyn that have more space and outdoor areas though, but the outdoor space is commonly considered as the lawns separating the buildings.
The Bronx, which is a surprisingly a safer burrough in New York, doesn’t have a lot of outdoor options under $500,000, but the outskirts of the neighborhood are ripe with awesome views of the city and plenty of fresh air. The Bronx has an area called the balcony district where there’s about 30 square feet of space on the balconies, and that is enough room to convert a balcony into a patio and put small furniture on it. A lot of real estate brokers also attest to the Bronx being a quieter neighborhood, and people are usually going to get more bang for their buck there.
Since there are so many options available, and there are so many neighborhoods to choose from in a huge area, then it might be a good idea to go with a luxury real estate service firm like Town Residential. The firm was founded in 2010, and it has been named one of the best places to work in New York City so you will always get a courteous professional willing to help you. Most of the executives there are rich in knowledge regarding New York City no matter what your price point is.