October's Most Popular Investment Sales Market

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October's Most Popular Investment Sales Market

Every month, Falkon analyzes New York City's most searched neighborhoods by investors.  Falkon analyzed 19,770 search inquiries in the month of October.  Learn more about Falkon Analytica  

In New York City commercial real estate, the quest for the next hot neighborhood never ends. But spotting an area that is on the rise isn't easy.  Landlord and investor interest is based on opportunity and appreciation. 

But buyers who seek the next “hot" neighborhood, would do well to take their cues from apartment developers.  Neighborhoods with access to public transportation, rezoning, and real estate values that are rising but still lower than surrounding neighborhoods could lead to a high yeilding investment.

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Upper West Side

1

The Upper West Side was the most searched neighborhood in October for the second consecutive month.  Search inquires by investors and real estate professionals skyrocketed by over 840%, the largest percent change in 2017.  Multi-family properties and single family townhouse were the most search properties.

 
 

2

Chelsea was the second most popular neighborhood for investors for the second consecutive month.   Consistently remaining in the top five most search neighborhoods, investor activity modestly increased in October.  Multifamily, mixed use buildings were the most searched properties.


3

Collectively, search inquiries increased by over 600% in Harlem since September, making Harlem a consistently searched neighborhood by investors and real estate professionals to the third most popular neighborhood.  Multi-family properties were the most search properties, including rental properties greater than 4 units.