Startup multi-family fix & flip/rent in NYC Metro area

[David S.]

Hi - 

I'm looking to invest in multi-family properties in the NYC Metro area for purposes of fix & flip.  I live in prime Brooklyn, which is a very expensive area for a startup operation.  

I'm looking for suggestions for a geographic area to focus on that represent better value but are ideally not too far from home.  I'm not a NY native (though I have been here for ~17 years) so I don't know the surrounding areas as well.

I'm looking for areas with aging housing inventory (i.e. lots of fixer-uppers) that has shown good resale value for renovated properties.  The ideal area would be close to express stops along the MTA subways, LIRR, Jersey Transit, Metro North (i.e. decent commute times into the city).

Can anyone suggest geographic areas with potential and reasonable value that would be good a good fit?

thanks
Dave

[Nick Maniscalco]

Millions were spent constructing a flood wall and levee system. This is still no match for another major storm event like Sandy. Life long Staten Islander; never saw anything like that.