| By :
Mark Etinger
New York City is one of the world's greatest and largest cities. The metropolitan region is the seventh largest on Earth, with more than twenty million people. That can make it hard to find a place to live, especially when you want to buy real estate. But there are certain neighborhoods in the five boroughs that are affordable and up and coming. Take Astoria, Queens, for example. Any Queens real estate agent will tell you that this neighborhood, despite being hot for a few years, still has deals in it. Its proximity to public transit, its plethora of restaurants and cafes, and its relatively inexpensive apartments make it a great place to raise kids or embark on one's own. And perhaps one of the best features of Astoria real estate is the views of Manhattan across the East River. Bushwick, just east of Williamsburg, is a big draw for young people due to its solidly performing subway lines and its big open spaces. Much of the neighborhood is still undeveloped factories, but you can expect that to change over the next few years. The neighborhood often draws comparisons to DUMBO and Soho, which after artists moved there because of cheap rent, blossomed with culture and became extraordinarily desirable. But the outer boroughs aren't the only places to find a deal. Manhattan itself is home to some burgeoning neighborhoods, including some new ones that didn't exist a few years ago. The new Far West Side is an area between 34th and 59th streets from 12th to 10th avenues. There are big condos here that are just a few minutes' walk from Midtown and Times Square. The Far West Side will soon make up an important area to do business and live. The city is trying to attract businesses to this long-untouched industrial part of the island by building an extension of the 7 train to 34th St. and 11th avenue, as well as a new Penn Station. Perhaps the biggest development in New York real estate is the Second Avenue subway line. It'll probably be another five years before it's finished, but when it is, it'll make all areas within a ten minute walk of the new subway very desirable. In particular, Yorkville and Alphabet City will likely blossom, and undoubtedly see apartment prices soar. You may want to wait a few more years though; I hear the construction is pretty loud. These neighborhoods are definitely worth knowing about if you're seeking to buy or rent property in New York.
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