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Are you talking New York state or Manhattan (New York City)
I am not too familiar with pricing in the general state but all the foreigners are buying in the city like crazy. The city is an anomaly in that it is not being as affected as the rest of the country. I would def say that NYC is a great place to put your money. With $400k you could put 40% down on a million dollar condo and rent it out and do very well.
A few places to look:
halstead.com
corcoran.com
elliman.com
Hit me up if you are looking in or interested in Boston or anywhere in Mass.
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