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2-bed, w/d, ren EIK in BEST flood zone. HURRY!!! Won't last!!

By Teri Karush Rogers | August 29, 2011 - 8:16AM

Poor Battery Park City.  As if land leases and close proximity to a known terrorist target weren't hard enough on property values, the city's mandatory evacuation order this weekend outed BPC to the ENTIRE WORLD as one of the worst places in Manhattan to live in the event of a hurricane.

At the very least, a short-term-memory-span-worth of cooled interest among buyers (and possibly renters) seems unavoidable.

Meanwhile, apartment owners on higher ground (the areas in white on this map being the most desirable) have acquired some unexpected bragging rights.

Will sellers attempt to capitalize on this new marketing opportunity? How much more will buyers pay for dry basement storage units and the privilege of hiding from a hurricane in their own interior rooms instead of evacuating to higher ground? Will flood zones ever matter more than an in-unit washer/dryer? Stay tuned....


Related posts:

6 before-and-after NYC hurricane tips, including windows, basements, and blackouts

10 upsides to a Manhattan hurricane

Ask an Expert: Will my windows get blown in by a hurricane?

The foul-weather guide to apartment insurance: What you need to know about tornados, ice storms, blizzards and more (sponsored)

2-bed, w/d, ren EIK in BEST flood zone. HURRY!!! Won't last!!

 

Teri Karush Rogers

Founder & Publisher

Founder and publisher Teri Karush Rogers launched Brick Underground in 2009. As a freelance journalist, she covered New York City real estate for the The New York Times. Teri has been featured as an expert on New York City residential real estate by The New York Times, New York Daily News, amNew York, NBC Nightly News, The Real Deal, Business Insider, the Huffington Post, and NY1 News, among others. Teri holds a BA in journalism and a law degree from New York University. 

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.
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