Johnny Barnand

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What are the low risk manhattan neighborhoods in terms of a housing downturn?

Asked Fri May 2 2008, 14:21 by Nathan - 10001 - Market Conditions - 2 answers

Johnny Barnand answered:

Good Question, the Manhattan core holds value well close to transportation (below 110th in the west side and 96 street and below in the east side) , best areas - 5th avenue , park in UES always hold good value even during recessions , a bit so for UES and UWS as long as your not far from transportation. Areas to watch include harlem and inwood and washington heights which decline price-wise firstly when gentrification occurs. A bit more information is needed but yes this is generally correct. - Sat May 3 2008, 04:04

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