Why ‘Peripheral’ NYC Is a Hot Investment
New York City is the ultimate “gateway” city and as such a major magnet for global real estate capital. And yet expensive real estate bets can be placed within a commute of Manhattan—cities like Yonkers and Jersey City. A veteran real estate investor and former city policymaker discusses his firm’s current strategy to invest on the periphery of New York and how perceptions of neighborhoods and commuting are changing.
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