Best Buy Long Island City
The pandemic reversed a decade of unrestrained rent growth in New York. High unemployment leads to higher vacancy rates, as the New Yorkers could no longer afford to live in the city. It also led to lower demand for the rental inventory piling onto the market as leases expired throughout the summer.
best buy long island city
Second, properties in Otisville tend to be older and in need of repairs. This allows real estate investors to buy affordable properties and add tremendous value. Third, Otisville offers the highest cap rates for long-term rentals in New York state. All these factors and more make Otisville one of the best places to invest in multifamily properties in New York. 041b061a72