Appreciated Cash Flow Property vs. Heavily-Impacted City Unit

[Victor B.]

Would you rather:

1. Buy a solid, cash flow yielding property (HSD cap rate) with so-so appreciation potential, having already appreciated nearly 10% this year alone; or

2. Buy a heavily-impacted, property in NYC where cash flows are still terrible but price appreciation is much higher assuming things normalize/get back to normal?

What would you do if you were in my shoes?