The Real Deal New York

From the March issue: These days, few areas of Manhattan can be considered undervalued, despite fallout from the recent recession. “At this point, Manhattan is pretty mature,” said developer Matthew Blesso, president of Blesso Properties. “We’re going through this incredible recession, and it’s not like some of the neighborhoods are going to the pits, the way they did in previous recessions.” Still, there are pockets of the city that haven’t yet reached their full potential, where small investors (or homebuyers) looking for the greatest financial upside can snap up deals. [more]