Under $500K Investment Properties for Sale in New York, NY
342- 1 Bed
- 1 Bath
- 502 sft
6- - Bed
- 1 Bath
- - sft
210- 1 Bed
- 1 Bath
- 537 sft
292- 3 Bed
- 2 Bath
- 854 sft
Why Invest in New York, New York?
New York City offers unique investment opportunities in properties under $500k, primarily in outer boroughs like Brooklyn, Queens, and Staten Island. Stable rental demand from diverse workforce supports consistent cash flow. Renter-occupied housing exceeds 65%, ensuring high occupancy rates. Annual appreciation around 4% provides long-term value growth. Cap rates of 5-7% make these accessible entry points for investors.
Frequently Asked Questions
Outer boroughs like Brooklyn (East Flatbush, Canarsie), Queens (Astoria), and Staten Island offer the most options under $500k. Manhattan has limited studios and co-ops in areas like Harlem and Hell's Kitchen. Focus on condos and multi-family units for best value.
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