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Updated almost 2 years ago on . Most recent reply
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NYC Area House Hacking
I'm trying to figure out some of the best cities/neighborhoods in the NYC area right now for a house hack. Where are you guys seeing some success? Here is what I am looking for in terms of criteria:
- Under $900k
- My own space (whether that is MF, an ADU, finished basement, etc)
- 1.5 hour MAX commute to Manhattan
- B- to B+ areas
I am mainly just looking to make a dent in my housing expense and I understand that positive cashflow is pretty unlikely. This would be my first investment and I'm not afraid of a property that needs some work, but the extensive rehabs I would like to stay away from. Any suggestions you guys have would be great - willing to look in any boroughs, LI, North Jersey, Fairfield County, etc!
Most Popular Reply
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IMO, the best place to house hack in NYC is the Bronx. Still the most affordable borough and also appreciating the most. It is only appreciating the most because Brooklyn and Queens are practically at their maxes. You have some great areas to choose from with easy accessibility to public transportation. I, myself, have house hacked in the Bronx, and currently have a single family home in the Throggs Neck area.