I am actually located in Manhattan.

Let's say a broker wants to lend on a 125-million-dollar skyscraper in Manhattan.

I grew up 12 miles from downtown Manhattan, and when I lived in Ohio I might as well have lived on the moon, or Mars.

He rented to one that found Manhattan rents ridiculous, especially after 09/11 there was great demand for office space in Manhattan, so many Manhattan office based business moved to Queens, and even stores that's been vacant a while were rented, even a store that formerly housed a supermarket quickly became an office hub.Then, he had a barber shop tenant, whom he evicted, and left behind a fully equipped shop.

For me, transit is vital because more than 90% of my guests stay in my apartments because of the easy transportation to Manhattan.

I would never use a contractor who will not give you a detailed scope pf work.

I currently house-hack in Bayridge Brooklyn, renting rooms to working professionals.I'm sure there are plenty of properties in Jersey City that would be a great fit to rent rooms to the thousands of young professional who work a short train or bus ride away in Manhattan.

I live in New York Manhattan area now.

This includes are the rents at market rate.You'd come up with entirely different numbers if this property was in the middle of Manhattan vs the middle of say Kansas.After that, you start going into the nuances...

Jersey City is just a short train or bus ride from Manhattan where many young professional work who basically just need a place to sleep.