Getting a deal when buying or selling a home in New York City can be daunting, but there are some neighborhoods were you’ll have a leg up.
StreetEasy released a study Thursday that pinpointed the neighborhoods where buyers may have more negotiating power and sellers will have more leeway to get more money out of their property.
The buyer-friendly neighborhoods were spread throughout the city with communities like Sheepshead Bay, SoHo, and Kew Gardens Hills topping the list.
“Buyers here will have a great opportunity to negotiate, and will likely feel less rushed as they weigh their options,” Krishna Rao, StreetEasy economist said in a statement.
Brooklyn appeared to be the prime borough for sellers as homes in neighborhoods like Kensington, Prospect Heights and Fort Greene yielded a high return.
StreetEasy came up with the list using a metric that analyzed the time homes in a neighborhood spent on the market, the final sales price and price cuts.
“Buyers can arm themselves with this knowledge by getting their finances in order and coming to the table ready to make an aggressive offer,” Rao said in a statement.