during the "boom" times but COVID has loosened everything up and now 5% can be had in Manhattan, 6%-7% in Brooklyn and even 8% in the Bronx.

My name is Greg, I am 30yrs old and I live in NYC, specifically Manhattan.

during the "boom" times but COVID has loosened everything up and now 5% can be had in Manhattan, 6%-7% in Brooklyn and even 8% in the Bronx.

Looking at Manhattan as an example, they are coming back with a vengeance.

I’m currently working in Manhattan in the financial industry, paying a ton for rent (1.7K).

I don't think anyone can answer this as land has different value based on location.  10 acres in manhattan would be worth millions and 10 acres in middle of no where could be worth 1K per acre.  

Hi,I am looking to buy a rental, maybe Airbnb, and every place I look it seems like bidding wars and other insanity.The only place where I think I could buy without a bidding war is Manhattan NY.

Wondering if people have any tips for selling under the current circumstances.Hello Da, What you are experiencing is happening in Manhattan, parts of Queens and Brooklyn as well .

Not sure what a water heater costs in Manhattan, but out my way its about $850 installed. 

Can put more DP up front depending on the cash-out portion.Plan still remains buy and hold, so don't think I'd be doing any 1031 anytime soon, though a personal property I have in Manhattan (former home) is barely cashflowing with 70% equity at this point, so I will probably will sell and exchange into a cashflowing investment.