Long Island politicians have for years lamented the fact that so much of the area’s young work force has migrated to Manhattan. But according to the New York Times, with the city’s real estate prices rising beyond the means of upper middle class families, many of them are traveling in reverse on the well-paved path and back to Long Island. [more]
Posts Tagged ‘Young Families’
Young families are flocking to West Chelsea, an area developers had originally pegged more for socialites than strollers. Thanks to the High Line, a relatively affordable downtown location, and most especially, the forthcoming Avenues World School the demographics have bucked expectations, the Wall Street Journal reported.
In 2011, 102 apartments with at least three bedrooms sold in the neighborhood, north of 19th Street between 10th and 12th avenues, compared to just seven such apartments five years earlier. [more]