Overview

With the dollar at it’s lowest valuation in comparison to many international currencies in a decade, there has never been a better time to invest in New York City apartments and townhouses. Within the last decade, New York City real estate has appreciated more than double (234.7%) compared to real estate throughout the global marketplace. When it comes to New York City real estate, buyers can't delay investing in island property. Manhattan has limited land mass and stringent zoning rules as well as restrictions on new construction thus creating the perfect canvas for supply and demand.

Accordingly, the economy in the New York City is recovering from the recession with a cost of living about 80 percent higher than in an average US City. New York City neighborhoods are friendly and full of life. The last decade of the twentieth century saw an increase of almost 10% (685,714 residents) in the population of Manhattan. The island now boasts the highest population (8,000,000) in Manhattan's history.

New York City Real Estate

The cost of an average New York City apartment is roughly US $700,000. New York City real estate does not experience the fluctuations of markets in other metropolitan cities. A Manhattan studio apartment is always a steal for $400,000 and apartments are limited in supply. Continuing the trend seen in recent years, real estate prices in New York City are expected to rise between 10% and 20% over the next 3-4 years.

How to Rent or Buy New York City Apartments

Elika features an extensive selection of New York City Apartments for sale and rent. Find New developments, condos and co-ops through-out New York City and surrounding areas. Search & find thousands of NYC apartment rentals and sales. Discover the reason why Elika is the first choice for buyer's and renter's. Whether searching for Luxury New York City Apartments or No Fee NYC apartments Elika offers the largest selection of properties in New York.

Invest in New York City Real Estate - It's Impossible To Find A Better Deal