The property market in New York is one of the most diverse in the world, ranging from large and rundown homes you can’t get rid of to the tiniest of sterile-looking apartments you couldn’t buy for all the money in the world. As the US economy bounces back and national average property values show signs of life, New York is becoming a focal point for high-level investors looking to take a bite of the Big Apple. Unsurprisingly, the most lucrative investments of all can be found across the length and breadth of Manhattan Island. Rent yields range from modest to astronomical, but to sell opportunities are plentiful and short-term yields from vacation properties in the right districts can be year-round goldmines. It’s not impossible to get it wrong with New York, but it’s a challenge.