Investing in multifamily in NYC. Need advise

[David Xu]

Hello everyone at biggerpockets. This is my first post and looking for advise from people who might have experience investing in multifamily in Queens New York. I am planning to move there in the near future so right now i am researching and trying to absorb as much information as possible regarding multifamily in NYC. I have 600k Save up with experience managing single family houses in Oregon. As a new investor in NYC where should i look? Is there certain area in queens i should focus on or avoid? would it be better to buy two duplex for 1 mil each or just one property for 2 mil? 2-4 family or 6 unit? I am not concern about financing but more on what type of property or area i should focus on.  so many questions to list them all. Any information would be much appreciated. Thank you

[Samir Goel]

Hi @David Xu - Welcome to the community and thanks for the post. I’ve been looking at queens investing for some time both multifamily and mixed use. Happy to chat if I can be helpful.

I’ve been focused on Sunnyside and Woodside as other markets are skyrocketing (e.g. LIC, Astoria, Flushing, Jackson heights etc). Queens is definitely seeing a lot of momentum from a migration perspective and development is following. Whether it makes sense to invest depends on your hold period and risk appetite, would love to get a better sense of what you’re thinking.