Harlem has a lot of PJ's and they're right next door to luxury condo's everywhere you go in harlem you will see pj's. The prices for condos in harlem start at 400,000 for a studio, yet you will be right next to the pj's or right next door to a section 8 building. i am in harlem all the time ,i have a lot of friends that live in harlem. If you walk in harlem on a warm day you will see people playing cards, dice and smoking weed and drinking on the corner, right next door to a luxury condo. if you walk on 125th you will see the same shops that they have on 149th and 3rd avenue. People we have the power to make change. So stop talking about what the neighborhood doesn't have and make a change. Middle income people in the neighborhood will make a change, the more the better. I think we have the power as a whole to bring a NYSC and a Star Bucks to the neighborhood. Things that are coming in 2009 to the neighborhood are Marshal's, Home Depot, Best Buys, New Super Stores. Change will happen. If corp american see the money there they will come. We have the power to make a difference
An article from The New York Observer
Where Manhattanites Move When They Want to Stay in New York | The New York Observer
The average Manhattan apartment by the end of March cost over $1.7 million. The borough’s rents have been stagnantly high for over five years; $1,500 monthly gets you a studio on the Upper West Side.
What’s a Manhattanite to do if he or she can no longer afford Manhattan but doesn’t want to leave New York City?
Move to the Bronx, probably.
From 2001 through 2006, over 23,380 Manhattanites relocated to the Bronx, according to an analysis by The Observer of I.R.S. data. Every year, the Bronx led the three other outer boroughs in net gains of Manhattanites. That includes Brooklyn, traditionally perceived as the natural next stop in a priced-out Manhattanite’s real estate evolution.
But Brooklyn has consistently run second to the Bronx this decade as an in-city relocation destination; and Queens and Staten Island have run a distant third or fourth.
From 2002 to 2003, for instance, Brooklyn drew a net gain of 1,627 Manhattanites while the Bronx drew nearly three times as many, 4,417. Between 2005 and 2006, the last year I.R.S. data was available, 4,680 Manhattanites relocated to the Bronx and 3,731 to Brooklyn. That represents a decade-long annual peak so far for Manhattanite migration to Brooklyn; the only other time Brooklyn experienced a net annual gain of at least 3,000 Manhattanites was from 2001 to 2002 (an effect of Sept. 11?).
Speaking of peaks! From 2005 to 2006, just over 10,000 Manhattanites moved to the outer boroughs. This happened during the two years when Manhattan apartment rents and sales prices ascended to historic records—and kept ascending.
The average Manhattan apartment price was just shy of $1 million by the start of 2005, according to appraisal firm Miller Samuel; by the end of 2006, it was over a quarter of a million dollars higher.
Also, it should be noted, Manhattan’s population of children under 5 jumped 26 percent from 2000 through 2004, according to analysis of census data by The New York Times.
Perhaps the crucible of ever-rising real estate costs joined with living costs generally (education, parking, recreation, ad infinitum); and the Bronx never looked so good to so many unwilling to leave New York City but forced to leave New York County.
A few quick caveats on the data: They do not include those New Yorkers who didn’t earn enough to pay income taxes. They’re based on the addresses from which taxpayers claimed individual exemptions. Finally, remember that it’s net migration: the number of people who left Manhattan minus the number who moved in from a borough.
Manhattanites look to Bronx for affordable homes - The Real Deal New York Real Estate News
Bronx hotel banks on new Yankee Stadium
By Lauren Elkies
Developers planning a new Bronx hotel are counting on the new Yankee Stadium to spur demand for more hotel rooms.
V3 Hotels is building a 40,000-square-foot hotel at 115 East 146th Street, between River and Gerard avenues, overlooking the Major Deegan Expressway, said company CEO Ben Nash.
The new Yankee Stadium, which will be less than a mile away, broke ground in August and is slated to open by April, 2009. Also being built nearby is the Gateway Center at Bronx Terminal Market, which will create about 1 million new square feet of retail space. Local shops will mix with national retailers like Home Depot, Bed Bath & Beyond, BJ's Wholesale Club, Target, Best Buy, Staples and Marshalls.
Offering limited services, with no amenities like food and beverage, the hotel will have 83 rooms on 10 floors with prices ranging from $130 to $150.
V3 hasn't chosen the franchise for the hotel, but wants it to be a boutique hotel.
Nash estimates the project will cost $18 to $20 million. V3 bought the property, which has a mechanic shop on it, less than nine months ago for $4 million, he said. Michael Kang, who has designed hotels for developer Sam Chang, is the architect. Construction will begin in a month and will be completed within a year and a half, Nash said.
V3, based in Long Island City, is also building a Clarion hotel there at 40-03 29th Street, on the corner of 40th Avenue, which the company hopes to sell before its February opening. The 40,000- to 50,000-square foot hotel will have 87 rooms, on six stories. The limited-service hotel will have room rates of $149 and up a night.
V3's biggest project in the works is the Karl Fischer-designed Indigo hotel at 237 Duffield Street in Downtown Brooklyn, which will be more upscale than the other two projects. Rooms could cost around $250 a night, although the prices will likely change by the 2010 opening, Nash said.
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