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I'd also mention that kingsbridge has amazing shopping amentities. The new shopping center with the Aldi food market is right there and you also have the shopping center by the river with Target. A lot of people could probably do all of their day to day shopping without leaving the neighborhoood.
Norwood only has very basic stuff like key food. I have to drive out to westchester to do my food shopping.
I saw something in the times about that company. Are they the same ones spending 10 million in Wash. Heights? BTW what street by you is this gut job.
Also your 100% correct in terms of restaraunts. You want really authentic food, plenty spots in The Bronx.
It's actually 3 different companies who have bought a total of about 20 apartment buildings in the area in the last year and they all apparently have the same idea. It started with Goldfarb who bought 1130,1135 1144 and 1540 Pelham Parkway and 2160 Matthews and started emptying,renovating and reconfiguring about a year ago. More recently 2 other huge companies,one of them Related Companies, bought 12 or 15 other buildings on Bronx Park East,Bolton Street, Cruger and Holland Avenues. They both have started the same thing.
What company did you read about in the Times? I saw a piece in the Daily News about Goldfarb because the tenants in some of the buildings organized to fight them but had to dig on my own to find out about the other 2.
It's actually 3 different companies who have bought a total of about 20 apartment buildings in the area in the last year and they all apparently have the same idea. It started with Goldfarb who bought 1130,1135 1144 and 1540 Pelham Parkway and 2160 Matthews and started emptying,renovating and reconfiguring about a year ago. More recently 2 other huge companies,one of them Related Companies, bought 12 or 15 other buildings on Bronx Park East,Bolton Street, Cruger and Holland Avenues. They both have started the same thing.
What company did you read about in the Times? I saw a piece in the Daily News about Goldfarb because the tenants in some of the buildings organized to fight them but had to dig on my own to find out about the other 2.
Bluedog, I can't remember. It was in last weeks paper. Bought three properties for 10 million? BTW I would imagine that's good for you. Get some more working people into the area.
Bluedog, I can't remember. It was in last weeks paper. Bought three properties for 10 million? BTW I would imagine that's good for you. Get some more working people into the area.
Well,if they bought 3 properties for 10 million they must be fairly small buildings because the buildings I'm talking about are all 75 to 125 apartments each and have been selling for around 10 million each
Whether it's good for the area remains to be seen.This has always been a solid working people area and there is a chance that the old timer type working people will simply be replaced by people with vouchers.Section 8 has always paid considerably above Bronx market prices,which is why greedy landlords are often very happy to take them. New rents in this neighborhood seem to be getting considerably above the rest of The Bronx so it could go either way.Most of the buildings around here were owned by smaller time landlords who actually lived in and had a stake in the community.The big conglomerates buying up the neighborhood now care only about getting top dollar.They don't care who lives here as long as they get the rent.
In many cases,the rents have gone up almost 100% in just the time I have been living here. Glad I bought when I did.
Well,if they bought 3 properties for 10 million they must be fairly small buildings because the buildings I'm talking about are all 75 to 125 apartments each and have been selling for around 10 million each
Whether it's good for the area remains to be seen.This has always been a solid working people area and there is a chance that the old timer type working people will simply be replaced by people with vouchers.Section 8 has always paid considerably above Bronx market prices,which is why greedy landlords are often very happy to take them. New rents in this neighborhood seem to be getting considerably above the rest of The Bronx so it could go either way.In many cases,the rents have gone up almost 100% in just the time I have been living here. Glad I bought when I did.
Yeah, it was definitely a solidly working area when I lived there. Like I've said ad nauseum, the only reason why I left was because of marriage. Hell, I'm thinking I should have held onto my apartment. My mortgage and common charges at the time totalled less than $1100/mo. and probably would have only increased by a few hundred over the years. Meanwhile, rents and housing prices have gone up so that if I had rented my unit out, I'd actually turn a steady profit each month. Oh well..
Yeah, it was definitely a solidly working area when I lived there. Like I've said ad nauseum, the only reason why I left was because of marriage. Hell, I'm thinking I should have held onto my apartment. My mortgage and common charges at the time totalled less than $1100/mo. and probably would have only increased by a few hundred over the years. Meanwhile, rents and housing prices have gone up so that if I had rented my unit out, I'd actually turn a steady profit each month. Oh well..
Yes, a 2br/2 ba in your old building would likely rent for at least $2,000/mo right now.Just think if you had no mortgage and only had the maintenance for expenses !
Weird thing is,the selling prices on condos and co ops haven't gone up as quickly or as much as the rents in the last 5 years.Right now it is definitely cheaper monthly to buy than to rent in this neighborhood but I guess most people just don't have the 20% down.I think the tighter lending rules have acted to help drive rents up by prohibiting some people from buying.
Well,if they bought 3 properties for 10 million they must be fairly small buildings because the buildings I'm talking about are all 75 to 125 apartments each and have been selling for around 10 million each
Whether it's good for the area remains to be seen.This has always been a solid working people area and there is a chance that the old timer type working people will simply be replaced by people with vouchers.Section 8 has always paid considerably above Bronx market prices,which is why greedy landlords are often very happy to take them. New rents in this neighborhood seem to be getting considerably above the rest of The Bronx so it could go either way.Most of the buildings around here were owned by smaller time landlords who actually lived in and had a stake in the community.The big conglomerates buying up the neighborhood now care only about getting top dollar.They don't care who lives here as long as they get the rent.
In many cases,the rents have gone up almost 100% in just the time I have been living here. Glad I bought when I did.
I hope they don't get section 8 but that's a whole other thread.
Yes, a 2br/2 ba in your old building would likely rent for at least $2,000/mo right now.Just think if you had no mortgage and only had the maintenance for expenses !
Weird thing is,the selling prices on condos and co ops haven't gone up as quickly or as much as the rents in the last 5 years.Right now it is definitely cheaper monthly to buy than to rent in this neighborhood but I guess most people just don't have the 20% down.I think the tighter lending rules have acted to help drive rents up by prohibiting some people from buying.
Yeah I think so too. Though the purchase prices are about three or four times what I paid years ago
The late 90s was a really sweet time to buy because even then I knew there's no way I'd ever see real estate in the five boroughs be that affordable. People wondered how I was able to live singly and comfortably in NYC..it's because I chose to scrimp and save so that I could buy instead of rent.
Hey, if you ever move out of the area (which I don't think you will), it would be in your financial interest probably to be a landlord. There is such rental demand that you'd actually make money.
I don't want the disabled and the elderly who are in subsidized apartments to go. Beth Abraham I think still has a presence in the area. At the same time I'm torn because from a financial standpoint, it's good for the market, right?
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