real estate turnover

Featured Story

Features, Manhattan, real estate trends

downtown flips

At any given hour when you turn on a home design television channel you have about a 50% chance of landing on a realty show about flipping houses.  In real life, though, it’s not all hunky property brothers and fairy tale endings; trying to flip a house is a gamble, which is why oftentimes the most successful flippers are those on the inside, like real estate developers and seasoned brokers.

For anyone looking to make a flip, New York is ripe with opportunity thanks to low inventory and a constant race to be bigger and better.  Within the city, Downtown Manhattan is the ripest fruit on the vine.  Full of highly desirable, trendy neighborhoods, it’s a hot bed for investors.  There’s no textbook definition of a flip, but it’s generally thought of as a three-year turnover.  Downtown there have been 58 apartment swaps within the past three years.  We take a look at some of the greatest hits.

This way for all the triumphant flips

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