Upper East Side: More, More, More

And the neighborhood that comes to mind when contemplating wealth in Manhattan is the Upper East Side.  This fact is not without basis.  In the 2004 election, the zip code that raised the most funds for both presidential nominees was in the Upper East Side.  Spanning from 59th Street to 110th Street and 5th Avenue to 1st Avenue, the UES includes some of the most noteworthy avenues in the entire country, Fifth Avenue, Madison Avenue and Park Avenue.  Well known for some of the world's best shopping, the Upper East Side also has "Museum Mile," home of the Metropolitan Museum of Art and the Guggenheim, to name but two.  Given the great wealth and draw to world-museums and shopping, the UES is a logical choice to purchase a business.

• Target population    

Given the affluent population of the UES, you will be serving some of the wealthiest clientele in the nation.  Not only did the UES have the zip that donated the most during the last election, the cost of living in 2006 was $1,200 per square foot.  The residents of this area are wealthy, and they will need somewhere to shop, places to dine, transportation, and a host of other services.

• Location Location Location    

Although location alone will not guarantee success, when you choose an area with household names like Madison and 5th Ave, you will be positioning yourself in an area that has maximum foot and vehicle traffic.  Given the right marketing coupled with a desired or needed product, you have the potential to generate substantial returns.

• Future possibilities    

With a notorious traffic problem, you may be wondering if getting to and from your new business is feasible.  Good News for you, the city of New York is building the 2nd Ave line for the subway to help alleviate this issue.

The UES is a recipe for success: some of the countries wealthiest people and America's most storied avenues for retail.  Buy yourself a business in the UES today!