Lower price (maybe...I see plenty of overpriced off market deals).Cons:Chain of title and closing process can be (not always) shady, with multiple contracts, assignments, and/or changes of ownership.Less room for negotiation (most are cash only, no due diligence, take it or leave it, close next week).More downside financial risk - with no inspections or due diligence, you better know what exactly what you're getting into, and/or be able to weather the inevitable surprises.Less recourse - in many cases, you're dealing with unlicensed individuals who have no regulatory authority policing them or enforcing rules that protect the consumer.MLSPros:More info available up front.Clearer chain of title and cleaner closing process.Everything is negotiable (price, closing date, due diligence period, financing options, etc).Less downside risk with availability of inspections and process for resolving inspection deficiencies.More recourse - agents are licensed and should be following legal and ethical guidelines.Cons:More competition (if buying) - The MLS is arguably the single best way to market a property for sale, and ensure the maximum number of eyeballs can find it if they are looking.

As a matter of fact is very desirable with nice restaurant around and skyrocket rents.I'm attaching a link from Google/maps for all to see how the area looks like:   https://www.google.com/maps/place/Saint+Nicholas+Ave+%26+W+125th+St,+New+York,+NY+10027/@40.810783,-73.952593,3a,75y,183.69h,81.02t/data=!

Imagine going to a restaurant for lunch and the menu says $10 for a hamburger.

I think many of us have cracked the code, broke our chains and beat the game.

@Rick BaggenstossMy pricing tool is the equivalent of restaurant that serves two items. 

It's not as if you are chained to the property either, you can have a life but that better be your residence in the first year. 

How much should they make at a $400 a plate restaurant?

- Amenities such as upscale restaurants, dog walks, cafes, etc.- National and Global economics.

I think there are more walkable restaurants now and a more dynamic cultural scene.

The single best way to mitigate your down side risk is to buy at the very top of the food chain  IE A class with a sprinkle of B.. but I have had an A class home I owned totally trashed by a tenant as well.