- Close to key NYC amenities and transit hubs
- Prime retail condo in Manhattan's FiDi
- Starting bid $700,000
- Close to key NYC amenities and transit hubs
- Prime retail condo in Manhattan's FiDi
- Starting bid $700,000
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New York City is a major center for commerce, culture, and finance, making it a prime location for commercial real estate investing, especially for apartment buildings. The city's extensive transportation system, including subways, buses, and taxis, makes these properties easily accessible. New York is also a global center for education, hosting New York University and Columbia University, which attracts many students from both the U.S. and abroad, making apartment buildings a wise investment. Located on one of the world's largest natural harbors, New York combines urban convenience with significant economic and cultural impact.
Investing in apartment buildings in New York places investors close to financial and cultural centers like Wall Street and Broadway, ensuring high demand from professionals and art lovers. The city's infrastructure supports a dynamic lifestyle, making apartment living appealing. Retail space in New York, known as a global fashion capital, attracts both established and emerging brands. Shopping centers benefit from high foot traffic in various boroughs, offering diverse investment opportunities. Office space serves New York's growing high-tech sector and numerous startups, adding variety to the commercial real estate market. For investors interested in a "like-kind" property for a 1031 exchange, New York offers suitable properties. These factors highlight the strategic value of investing in apartment buildings, retail spaces, shopping centers, and office spaces in New York, showcasing the city's economic and cultural importance.
Apartment Building Size | Square Feet |
---|---|
Maximum | 527,488 SF |
Average | 13,414 SF |
Minimum | 1 SF |
Apartment Building Cap Rate | Cap Rate Percentage |
---|---|
Maximum | 24.82% |
Average | 6.37% |
Minimum | 1.48% |
Apartment Building Price | Price Per SF |
---|---|
Maximum | $770,000 Per SF |
Average | $1,289 Per SF |
Minimum | $2 Per SF |
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