Tag: New York

NYC Neighborhood Guide: Where Tourist Must Visit

 

Planning a trip to New York City? Below you will find a handful of the top attractions, places to see, and which neighborhoods in New York to visit during your vacation.

 

Downtown

Financial District (Wall Street)

 

The financial district or better known as Wall Street encompasses the entire southern tip of Manhattan and is considered the economic capital of the country.

 

Things to do in the Financial District

 

You should take a trip to Battery Park at the southern tip of Manhattan for a stroll through flower gardens and waterfront landscape. Catch a ferry to the Statue of Liberty and Ellis Island to learn about immigration to the United States through NYC.

 

Explore the moving 9/11 Memorial & Museum, located on the former site of the World Trade Center. Here you’ll find a monument to the lives lost in 1993 and 2001 and learn about the brave history of those who lived through the tragedy and helped to rebuild this iconic part of NYC.

 

See what all the excitement is about at the headquarters of the New York Stock exchange. Stop by the impressive federal Hall building and be sure not to miss 40 Wall Street.

 

Little Italy & Chinatown

 

Little Italy and Chinatown are two distinct neighborhoods that represent two different cultures with an emphasis on one common thing. That thing being delicious, ethnic food.

 

Things to do in Chinatown

 

Be sure to stop by Mott and Grand Streets for exotic food stands busy markets and little shops. If you want a little cultural perspective and for a better understanding of Chinatown, the world’s largest Chinatown outside of Asia, visit the Museum of Chinese in America.

Things to do in Little Italy

 

Check out the boutique shopping scene in NoLlta (North of Little Italy). Then head to grab some delicious Italian cultured food at any of the popular restaurants along Mulberry Street. Then poke around the specialty shops to see all the imported Italian treats.

 

After you’ve shopped and tasted your way through the North of Little Italy, head to the Italian American Museum for a cultural account of Italian immigration to the United States.

2019 NYC Housing Predictions: What to Expect Next Year

The bumpy sales market that took place in 2018 has been a turbulent time for New York City real estate. Luxury prices have continued to sink, and transportation headaches have played a big role in driving market dynamics. Given that the housing market looks different than it did a year ago, here are six broader trends we see dominating 2019.

 

The Buyers Market is Staying

 

The number of homes listed for sale hit all-time highs during 2018, yet recorded sales throughout the city fell. More New Yorkers – seeking to accommodate a growing family, to relocate, or simply to cash out their investment – will inevitably look to sell in 2019, adding to a market that’s already saturated. These sellers will need to take much greater measures to move their homes.

 

Queens is the exception

 

The big outlier in the sales market in 2018 was Queens. Prices there have risen at a consistently faster pace than in Brooklyn or Manhatten, yet remain relatively affordable, with an average listing price of $657,000, compared to Manhatten’s $1.39 million and Brooklyn’s $950,000. Much of the enduring price growth in the borough is attributable to making up for lost time.

 

Downtown is the New Downtown

 

With interest rates and sales prices high, renting will remain more attractive than buying for many New Yorkers in 2019. We expect competition for rental units in many of the city’s priciest, most central neighborhoods to heat up next summer. Rents in newly chic neighborhoods in outer-boroughs now equal in many Manhattan neighborhoods. This past fall, median rents for 1-bedroom apartments in Dumbo, Downtown Brooklyn, and Long Island City exceeded those in Chelsea, Nolita, and the East Village, respectively. Outer-borough new construction may still offer more per dollar in terms of space and amenities, but with roughly similar median prices in many outer-borough and Manhattan neighborhoods, choosing among them has become a matter of preference than affordability.

 

Bedlam on Bedford Avenue

The popular commuting line, the L train, will shut down for 18 months beginning April 27. The market for nearby rentals has been weakening over the course of 2018, as longtime residents decamp for more convenient neighborhoods. Nonetheless, people still have a lot of interest in the neighborhood.

The Best Cheap Neighborhoods in NYC

For a certain rarified class home buyer, money is no object. For the rest of us, it’s nice to find a deal. However just because something is affordable, doesn’t mean it should be unappealing.

The following NYC Neighborhoods are calculated based on a cost-per-room metric, presuming that most homes are shared among families and roommates, the ease of their commutes, crime rates, noise complaints, green spaces, and bike friendliness.

From established enclaves like Forest Hills to up-and-coming areas like the Bronx’s Concourse neighborhood, these are places that balance both cost and quality of life.

Windsor Terrace

Tucked away at the southwestern end of Prospect Park, this tranquil spot feels more like a sleepy Hudson River village than the middle of Brooklyn. That small-town vibe can mean fewer shopping and nightlife options than other areas though. Prices remain relatively low compared to prime Brooklyn hoods.

Forest Hills

This leafy Queens spot is quiet, but not too quiet. The tree-lined neighborhood is more bucolic than most NYC hoods. There are also great shopping options such as Sephora, clothing stores, good ramen, and Chinese food, and good bars.

Roosevelt Island

A renovated Manhatten co-op for a mere $800 per square foot? Welcome to Roosevelt Island. This strip of land in the middle of the East River is technically part of Manhatten, making it one of the borough’s more affordable nabes. Data visualization designer Silvio DaSilva moved to the island from Chelsea at the end of 2016. She was immediately drawn by lower prices and what she says is a relaxed, almost suburban lifestyle.

The river views are good too. Linked to the city by the F train and the tram, the area draws steady interest from Queens residents and, occasionally, from mainland Manhattanites. That’s probably due to the spot’s unique vibe.

Bay Ridge

Rounding out the southwest corner of Brooklyn, Bay Ridge isn’t the most accessible of neighborhoods, but between its scenic harbor views, solid shopping, and dining scenes, and affordable prices, why would you want to leave anyway?

The neighborhood contains some of the city’s best Greek, Italian and Middle Eastern food. It also has a quiet, green, and authentic New York feel.

Clinton Hill

With an average price per square foot of $1,013, Clinton Hill doesn’t seem that affordable on the face of it. But with average prices per square foot in spots like neighboring Prospect Heights approaching the $1,300 mark, the area counts as something of a bargain.

It’s also one of the greenest neighborhoods in Brooklyn, with leafy streets and charming brownstones.


 

Top NYC Neighborhoods to Live in

New York City is one of the most expensive costs of living in the country, making it the ultimate challenge to find a place to live.

 

Many factors depend on where you want to live and where you can afford to live. Neighborhoods vary from their peak cost and downfalls when it comes to price, commute distance, transportation access, nightlife, and other lifestyle amenities.

 

A company that compiles information on cities called Niche, recently released its annual ranking of the best neighborhoods in New York City.

 

These neighborhoods range from historic to hip and pose their own identities and can offer residents a sense of home in a city of over 8 million people.

 

Below are the best New York City neighborhoods to live in:

 

Hell’s Kitchen

 

Hell’s Kitchen is also known as Midtown West, was once a poor and working-class neighborhood that has steadily gentrified over a couple of decades. This neighborhood is within close proximity to many Broadway theaters and the famed Actors Studio. The neighborhood then became a popular area for aspiring actors. Hell’s Kitchen has a shorter commute time and offers a lively nightlife scene for its residents.

 

Flatiron District  

 

This is home of the Flatiron Building, one of the older skyscrapers in the city, at the intersection of Broadway and Fifth Avenue. The Flatiron District features a great restaurant scene, upscale real estate, and an impressive stretch of shopping. It is also becoming known as a huge area for fitness clubs.

 

Greenwich Village

 

Greenwich Village possesses its own sense of character and charm within the city. The neighborhood has served as a home to the creative community, the LGBT movement, and New York University. The area is now a melting pot of its own, filled with bustling restaurants and venues while keeping its small community feel.

 

Brooklyn Heights

 

Brooklyn Heights is located just off the Brooklyn Bridge along the East River and has a historic feel within close proximity of Manhattan. The neighborhood contains more than 600 pre-Civil War houses and has become a popular neighborhood for families. The area has been called New York’s First Suburb.

Brexit Fears Drive Investors Toward New York’s Commercial Real Estate Market

Kevin Brunnock, NYC, Commercial Real Estate

New York City has taken the throne as the capital of commercial real estate.

London, which once took the position of the world’s premier city for foreign investment in commercial real estate, has been unseated due Brexit-bred fears. There seemed to be greater unease among investors leading up to the vote to leave the EU, which was approved by voters in late June.  

There was a 44 percent decrease when looking at cross-border capital flowing into London real estate when comparing post-referendum numbers to those during the same time frame in 2015. Erosion of London’s identity as a premier financial center has led many to forget that Britain has long been seen as a far more investor-friendly than the U.S., due greatly beneficial tax arrangements. Property investors have downsized the value of investments, particularly office buildings. One of Britain’s greatest foreign investors is Norway’s sovereign wealth fund, and they’ve chosen to reduce the value of their UK property portfolio by five percent.

During an interview, David Green-Morgan, director of global capital markets research for Jones Lang LaSalle Inc (JLL). in Chicago, said, “It would be fair to say that London bore the brunt of Brexit fears. The big fear is that London will lose a lot of the financial service jobs that has made it such a global financial center.”

New York has seen gains of $10.3 billion in foreign investments. Compare that to the $6.9 billion that London took in during the same period. Just one year ago, London acquired $12.4 billion in foreign investment, surpassing New York by $1.1 billion, according to JLL.

Prices reached unsustainable levels just as concerns about the UK market began to circulate., which only partially demystifies decreases when investment to Britain are concerned. This year saw the largest decline since of financial crisis that took place during the years 2007 and 2008.

The U.S. has adopted underlying property fundamentals and strong demand in order to attract capital. Brexit has led cautious investors away from Britain, and, to some extent, away from Europe, and that investment is being driven toward the U.S. Capital is being routinely deployed through gateway cities such as Boston, New York City, Los Angeles, and San Francisco.

Top 4 Tips For Becoming an Entrepreneur

kevin brunnock

 

Becoming an entrepreneur can be a very scary and life changing. But in today’s uncertain economy, many people are looking to go through the route of an entrepreneur in order to create their own paths and futures. But how does one get to that level? We all know it takes hard work and dedication. But what are some things that true entrepreneurs do in order to become successful entrepreneurs? Building a business from the ground up is no easy feat, but it can definitely be done.

Check out some of my tips on becoming a successful entrepreneur:

Take Risks

Everyone knows the saying “You miss 100% of the shots you don’t take”. In order to gain a reward, you have to take a chance on your idea. There will be times where you fail, but you need to learn to take those failures in stride and learn from them in order to turn them into an opportunity. In order to succeed you must be willing to fail. If you’re a young entrepreneur. you have a better opportunity than anyone in order to take this step. If you fail, dust yourself off and try again.

Be Persistent

Nothing happens overnight. Continuing to work for your dream and and putting effort into with pay off with huge dividends. Build relationships with people. Figure out your target audience and who potential partners and sponsors could be. Reach out to these individuals and continue to show them how committed you are. Be careful not to move into the “annoying” space. Be calculating with your persistence and make sure to convey your message clearly. Don’t ramble.

Never Stop Learning

The worst thing that can ever happen to an entrepreneur is one who feels like they know everything and have nothing else to gain. With the ever changing world including its technology, there is always more to learn. Utilize your team and learn from each other. You’ll become unstoppable.

Utilize Social Media

We have an advantage that older entrepreneurs didn’t have. Social Media. Many people don’t see the importance of this tool, but it’s is quite possibly the most useful one can possess. It’s FREE marketing. Most social media properties are free to join and it is a great way to connect directly with your consumer base as well as one of the best ways to get your information out effectively and in a non costly manner.

Use these tools and you’ll be on your way to becoming an entrepreneur in no time! Best of luck!


For more tips on entrepreneurship check out Kevin Brunnock on Twitter!