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The 5 Best Towns for Investors in Queens

By Tiffany Raiford

Buying an investment property in New York is almost always a smart investment. These are areas that are always growing, and there are people always looking for a new place to call home. Investment properties tend to be those that are either already in foreclosure or short-sale, when they're selling for far less than what they're worth, or they're in desperate need of some TLC (usually these go hand in hand). If you're looking to invest in property in Queens, you might try one of these great neighborhoods perfect for investors.

Long Island City

With so many foreclosures, short sales and auction homes available here, it's easy to find an investment property. The neighborhood is a good one, with good bones. If you find a piece of property in which to invest here, you can go with some classic materials and upgrades to help attract the kind of buyers that want to live in the area. The homes here are older, and many of them are in need of upgrades that include everything from central heating and air to new floors and new selling points such as kitchens and baths.


Flushing is a very family-friendly area of Queens County. This is good for investors because they can bring in their construction crews to help turn homes into family-friendly dwellings that will attract a number of buyers. What makes this a great idea is the number of parks, schools and places of worship. It's very family-oriented, which means adding bedrooms or even just closets to existing rooms can make a big return on an investment when a home can be marketed with additional bedrooms for children.

Richmond Hill

Richmond Hill is a very middle-class neighborhood in Queens County. This area has a lot of families as well as some people who like to commute into the city for work. Homes are typically larger, even though they're still a bit old. What families and buyers here are looking for is an updated home with all the best amenities. If you're into high-end investments, this is the neighborhood for you. You can take boring, older homes and add some style and class to them. The people here want that, and they're willing to pay for it.


Bellerose is great for investors because the area consists mostly of homes that are detached, single-family homes. This makes construction easier, and it attracts more buyers. Buying a home that's been recently flipped into a more elegant home here where you have no one on the other side of your walls is something that attracts many buyers. It's a great place to invest in a new investment property in Queens County.


Buyers love Bayside. The only problem with this area for investors is that it's typically much more expensive. However, if you can find a deal here, snatch it up immediately. The homes here are unusually large for the area, detached, and comparable to homes in more upscale communities. This brings in higher-end buyers with bigger budgets and the desire to choose a home with more upgrades and options ? read: a bigger return on your investment.

What makes these areas so good for investors are the low prices, the number of foreclosures and short sales, and the number of homes that are in need of repair and upgrade. With some effort, these homes can make a return on your investment when you research the right quality and look for the neighborhood.

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