Why you should move to Jackson Heights.
Who wouldn’t want a private garden?
Remember when you had to head to Brooklyn because you were priced out of Manhattan? Those days are long gone. With the Brooklyn boom reaching its peak, Queens has never been as appealing for families looking for good value for their money. To that end, an oft overlooked enclave is Jackson Heights, which is best known for older (read: affordably priced!) co-op style apartments, many of which have private gardens.
“Jackson Heights has a reputation for being a great area for middle class New York City families thanks to relatively affordable homes, decent transportation options and lots of kids in the neighborhood,” says Joseph Hermon of Oxford Property Group, a brokerage spanning all five boroughs with over 350 agents. “It’s a superdiverse neighborhood and if you’re looking for some food culture, Jackson Heights is a great place to sample authentic Venezuelan arepas, the tastiest Indian food and tons of other specialties that are worth a train ride if you don’t already live there.”
Hermon says he’s been selling a lot of small buildings in Jackson Heights to ex-Brooklynites who have money to spend, but are priced out of homes in Fort Greene and Williamsburg and want a solid investment. “The commute to the East Side of Manhattan can take under 15 minutes on a good morning, which sure beats waiting for the L train and spending over $2 million for a row house in need of major repairs.”
Thalia McGuire, 37, is a dental hygienist who moved into her co-op, which she shares with her husband and two kids, two years ago. “I always knew I would end up here when I started my family, but it’s nice to see the neighborhood gaining in popularity while still remaining authentic. There are so many beautiful, historic houses here and I love that I can still support mom-and-pop type businesses, unlike in more gentrified areas.”
While you can snag a one-bedroom co-op for around $300,000, Hermon says if you’re seeking a family home or a multifamily investment property, you’re looking at closer to $1.3 million. “This may sound like a lot, but it’s a steal when compared to neighborhoods in Brooklyn. Generally speaking, the houses closer to the 7 train fetch the most because convenience is king, and they can also be rented for the highest prices.”
As for rentals in the range of $2,100-$2,200, you’ll get a one-bedroom rental on the higher end — think stainless steel appliances and a freshly renovated bathroom — but it’s not unusual to get lucky and find a spacious one-bedroom apartment near the train for less.