Monday, January 29, 2018

West Harlem Tops List of City Neighborhoods to Watch

Real estate listings firm, StreetEasy, has been analyzing the moving trends of those
city-dwellers who are moving from Manhattan to the outer boroughs to get an idea
for what neighborhoods are most attractive and why. According to NY Curbed, this year, a
surprising neighborhood has topped the lists of areas to watch — West Harlem.

What Goes into Deciding Neighborhoods to Watch

StreetEasy uses four factors to determine the rankings for their list. These include
areas that have the greatest:
  • Change in median rent
  • Change in median sales
  • Number of listing views
  • Amount of new construction undertaken over a year

Why West Harlem Tops the List

Located between Morningside Heights and Harlem Heights, West Harlem is in
the process of welcoming parts of Columbia University’s new Manhattanville campus, and, because of this, new residential as well as commercial buildings are being built throughout the area. In terms of real estate prices, the median home sales prices has gone up by 124% and the median rent prices have increased by 6% since last year. West Harlem also offers easy access to subway lines, making commuting easier for

What Option Areas Made the List.

The top 10 cities on the list include:
  1. West Harlem (Manhattan)
  2. Fort Greene (Brooklyn)
  3. Flushing (Queens)
  4. Elmhurst (Queens)
  5. East New York (Brooklyn)
  6. Norwood (Bronx)
  7. Prospect park South (Brooklyn)
  8. Chinatown (Manhattan)
  9. Brighton Beach (Brooklyn)
  10. Woodside (Queens)

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