Real Estate Investments: Comparing Miami to New York
This article will discuss real estate investments: Comparing Miami to New York.
NY is considered to be one of the largest and most influential places in the world. There are five boroughs, Manhattan, Brooklyn, Queens, The Bronx and Staten Island. Although NY has a reputation for being one of the most expensive places to live in the United States, it is possible to find reasonable places to live according to research.
Home of many well known attractions, NY has a lot of cool parks, buildings, streets, stores, theatres, and many more attractions that make it a number one choice when it comes to tourism. There’s Central Park, The Statue of Liberty, The United Nations Headquarters, and so many iconic buildings it’s no wonder this is a prime place for real estate.
Desirable areas in NYC
It is said that Manhattan is the financial centre of the world, making many believe that it is one of the most expensive places to live. While there are some expensive properties there, there seem to also be reasonably priced ones as well.
Harlem has really changed over the years and is said to be a well priced and pleasant place to reside. There are a lot of new construction projects taking place in Harlem making it not only a good place to live but it is considered a good place for business also. One can find some of the most beautiful brownstones, which are very well priced considering that this is part of Manhattan.
The Upper East Side is a more family friendly place to live with new and improved transportation links to the rest of the city.
Brooklyn is known for its Brownstones which have been modernized and are sold as condos and townhomes. These homes are desired by many due in part to the quaint, historic nature that the neighbourhoods like Bedford Stuyvesant, Crown Heights, and Clinton Hill offer.
Greenpoint is a fast growing neighborhood in Brooklyn. There are lots of new luxury housing developments being built there making this a great place to live. Its location and proximity to some of the hotspots in the city have drawn many there.
Now let’s discuss Miami to get more insight about Real Estate Investing: Comparing Miami to New York.
Miami offers much more than gorgeous beaches and a hip night life. It is fast becoming a desirable place to live due to new development of businesses and homes. It is said to be pricey but as with NY, there are some areas that are reasonably priced. Some of the main attractions are the shopping on Lincoln Road, walking on Ocean Drive, and enjoying fine dining.
With the development of over 23,000 condos in downtown Miami, and the addition of new buildings downtown Miami has really evolved. There are plenty of restaurants and luxury hotels there making it a thriving industry with a renewed work force. It’s said that it is a good place for those looking to take up permanent residence or those looking for a second home. It’s also a much more affordable place to live than the ever popular Miami Beach, which will be discussed below.
Property prices here are generally higher. This area attracts an international crowd, making property prices go up. Properties are priced from 500k to $8 million. If one wants to find a less expensive option in Miami Beach, the South Central area with Art Deco architecture, is protected from development, and is a good choice.
We have discussed Real Estate Investments: Comparing Miami to New York. For further and detailed information with the static figures, just redirect yourself to the website of Prestige International- a globally acknowledged real estate firm.