New York, NY Foreclosed Homes & Properties

Buying Foreclosure Homes in New York City, NY: What You Need to Know

New York City is one of the most culturally diverse cities in the world. Societies of all ethnic backgrounds have emerged here, creating a beautiful blend of food, music, dance, and traditions. The artistic expressions that have been birthed in NYC and major cultural movements, such as the Harlem Renaissance, have had worldwide influence. New Yorkers live a fast-paced life as they are the trendsetters for film, literature, theatre, and the arts: visual, music, and dance.

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New York City Real Estate: Housing Availability

Townhouses are very popular in New York City. These spaces are narrow and long, but typically have several levels with staircases. Townhomes usually have a rooftop and may offer a yard. They can range in price from $1 million to $88 million. Smaller apartments and lux condos offer security, lovely views, amenities, and have a more up-to-date look. They can be quite pricey in the city, ranging from $2,000 a month for a studio to $5,000 a month for a three-bedroom. This type of housing is ideal for college students, young adults without children, and empty nesters. Single-family homes offer the most space and usually have a spacious backyard. These do come with a hefty price and are typically located on the outskirts of the city. The average home price is $779,000 in NYC.

Shopping in New York City

New York offers unique shopping experiences. For a luxurious experience, visit the Meatpacking District packed with glamourous locations, the latest designer boutiques and fantastic restaurants. Union Square is a central hub for the largest farmer's market in the city. The Woodbury Common Premium Outlet Stores offer affordable shopping. Located in Central Valley, this shopping center has an enjoyable atmosphere and famous brands at largely discounted prices. While large retailers such as Costco, Walmart, and Target are spread throughout the city, most residents prefer to do their groceries at local retail stores such as Wegmans, Morton Williams, and the Food Bazaar Supermarket.

Ways to Get Around New York City

There are three major airports located by NYC, all with major highways that lead in and out of New York. There are many different ways to get around in New York City. The easiest way to travel is via the subway system that is open 24/7. To get an authentic New Yorker experience, traveling via the subway is a must. Taxi cabs, Uber, and Lyft are available 24 hours a day. If you prefer to travel by car, take some time to become familiar with parking regulations. You can also ride a rental bike around the city. Regardless of what mode of transportation you decide to take, be prepared to do lots and lots of walking.