Well, there are times when you have a a residential unit in a big city like New York city, but due to any reasons, you are unable to make better use of it.
If you do not wish to rent it on long term, because it doesn't work for you, you may want to turn it into Bed & Breakfast with a little tweak and some investment!
If you happen to explore small business ideas for New York City, you will find hundreds that you can do with your residential property, but not all can work well for you!
Bed & Breakfast is best, because it's easy to do, works faster and you will find the ROI in less time! Here's a very useful article on starting bed & breakfast business.
Alternatively, you may also think of turning it into a Elder Center or a Day Care. If that's the case, check out this post on starting a babysitting or elderly care business in New York.
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