1. Williamsburg (South)
This neighborhood’s popularity comes as no surprise, with its fans being young, artistic, creative, and professional the demand has nowhere to go but up. Williamsburg also credits most of its growth to a baby boom. That’s right, a major part of the population consists of young families with newborns. Besides the lower cost of living, this boom can be attributed to the fact that Greenpoint is home to some of the city’s best public schools.
2. Roosevelt Island
Roosevelt Island, the tiny island between Manhattan and Queens, poses as the forgotten city due to its quiet and serene views of manhattan. In 2011, Cornell announced plans to turn the island into a tech campus, drawing more people to the island and supporting “techies” across the city. Finally, the beautiful Four Freedom’s Park has made the island more attractive to residents.
3. Lower East Side
The Lower East Side may be the only open space left below Midtown in Manhattan with room for expansion. Many new construction projects are beginning in the LES to meet population demands and housing needs. Some of these new construction buildings include the Pathmark store at 227 Cherry Street where Extell plans to build a high rise residential tower, Seward Park where 1,000 apartments are planning to be built, and finally a smaller building at 100 Norfolk Street.
4. Financial District
The Financial District used to be a stuffy and boring place for stuffy and boring people to work. But with the recent influx of new companies, restaurants, and bars, FiDi (as it has become known as) is looking more attractive than ever. Nearly every residential tower in the Financial District is full service with top notch amenities. Not to mention the convenience for those who already work there. The future of this neighborhood is looking good for the smart real estate investor.