The New York Post recently published an article on areas renters should avoid because of failing grades. The Post used a survey by Rentlogic, a real estate data firm which hands out grades to New York City's multi-family rental buildings. The company uses public information from the city on building violations and tenant complaints and then assigns properties a score of A (excellent), B (good), C (needs improvement) or F (unacceptable). The survey gave high grades to two Queens neighborhoods of Floral Park and Elmhurst. Areas in Manhattan and the Bronx scored at the bottom end of the grading.
According to the article, Rentlogic was able to review data on more than 1 million buildings from roughly 300 neighborhoods throughout New York City. An analysis of the data, Rentlogic was able to determine what were the best and the worst neighborhoods throughout NYC. The Post reports "The most surprising result: Prices aren’t always a proxy for quality. For instance, the city’s best-graded neighborhoods include workaday spots like Great Kills, Staten Island; Floral Park, Queens and City Island in the Bronx. (There, 99 percent or more of buildings received an A grade.) In the West Village, on the other hand, 76 percent of properties scored an A rating. In the East Village, only 52 percent of properties got an A." Another area that was highlighted is Elmhurst which received a 92 percent (92%) score and an A.
Blue Harbour Property Management is a full service NYC property management company servicing the boroughs of Queens, Brooklyn, Manhattan and the Bronx. Whether it be a 1 bedroom condo or multi-family building we are able to assist our clients maximize their investments.
http://www.blueharbourpropertymanagement.com/two-queens-neighborhoods-score-high-in-rentlogic-survey-of-best-multi-family-rental-buildings/
No comments:
Post a Comment