It is 14'x7' and will require the removal and replacement of a wall pf windows.

When values get cut in half (or more), the types pf people that move in are the kind that used to rent in less expensive areas.

For example a smart real estate developer might look for an old decrepid building located in a trendy Manhattan area, or any other expensive downtown core.

Stay away from an overpriced market like Westchester - where, in addition to the high prices, you are going to have trouble exiting the property unless it's within a walkable distance of downtown/train station to Manhattan, according to my realtor friends up there.I would look instead to some of the markets to the north.  

If you said you were Manhattan I'd say "get outta town" to invest.

I don't see a lot of wholesaling activity in Manhattan, Key West, San Francisco, or the more desirable parts of Miami, DC, Seattle, Honolulu, Chicago, LA, etc. 

few hours ago i did some drive-bys for some buyers to scope out if these properties might work for them.back in nyc, rarely ever come across a residential lot with more than 1 freestanding dwelling on it. heck, in brooklyn, and manhattan, most are rowhouses anyways.but here (long beach, lakewood, san pedro, and sometimes signal hill at least) it seems almost normal for properties to have a 'front house' and a 'back house' and sometimes 3. when i first moved here several months ago, alot of times when i had food delivery the courier would call to tell me they are minutes away and ask if its the front house or back house, as if customary.how customary is it?

Those alerts can also be seen if you mouse over the "Inbox" on the upper right menu bar and scroll down.Can you join us tomorrow for a Meetup in Manhattan?

., a real estate law firm in Manhattan.

That number is largely driven by new jobs being created in downtown, and a trend known as urbanization or "manhattanization" where across the country we see more and more people who prefer to live in dense, urban areas.