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Updated over 7 years ago on . Most recent reply
Is Yonkers, NY (or surrounding area) a good rental market?
I am a complete newbie to REI and still in the exploratory phase. I live in NYC and would like to invest in affordable areas with commuter access to the city. Yonkers appears to be on the rise as an attractive place to live and offers several multi family unit properties. Does anyone have any experience you can share in Yonkers or surrounding areas? Much appreciated!
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@Lisa Connelly, it definitely exists, and I believe you can still find some units at the 100k per unit price but the areas really need to be looked at. They are more so around 140k but usually need some work too at those prices. Otherwise you are going to the northern part of Westchester. Places like peekskill, Putnam valley, beacon, etc. still metro north commutable but it's a long ride and the monthly tickets are not cheap. We're talking like an hour+ express train to Manhattan.