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Old 07-20-2017, 02:36 PM
 
39 posts, read 18,202 times
Reputation: 12

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Quote:
Originally Posted by nybklyn View Post
Sounds like a bad neighborhood. Is that the case?
I don't know. "Bad" is subjective. But it is possible to be fine with renting somewhere, but not want to commit to buying in that area. I believe people also have to live in these affordable purchases for x amount of years before they can get their money back selling. He didn't want to commit to 10-15 years in a neighborhood far from his job that he's only "meh" about.
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Old 07-20-2017, 06:19 PM
 
2,187 posts, read 1,533,535 times
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Quote:
Originally Posted by jlc2222 View Post
I don't know. "Bad" is subjective. But it is possible to be fine with renting somewhere, but not want to commit to buying in that area. I believe people also have to live in these affordable purchases for x amount of years before they can get their money back selling. He didn't want to commit to 10-15 years in a neighborhood far from his job that he's only "meh" about.
Thank you for sharing these valuable information!
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Old 07-23-2017, 10:26 AM
 
7 posts, read 3,676 times
Reputation: 11
I went up there recently and felt like there were pluses and minuses. On the plus side, there are some beautiful brownstone blocks surrounding the apartment that make the neighborhood feel warmer, there are some good restaurants and cafes, and it's close to some nice parks. On the minus side, I visited on a summer Saturday, so the streets were packed down by 125th st, which to me felt a bit overwhelming (my current neighborhood is a little more laid back and residential). There was also more trash on the streets than I'd like, but that's true in a lot of neighborhoods in NY! Overall, got a decently safe vibe walking down the street and though it may not be my personal dream neighborhood, i could see living there. I'd love to hear from people that have more experience with the area/people who live there about what they think. Mine is just a first impression, so take that for what it's worth.
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Old 07-23-2017, 06:49 PM
 
2,187 posts, read 1,533,535 times
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Quote:
Originally Posted by IrisApfel View Post
I went up there recently and felt like there were pluses and minuses. On the plus side, there are some beautiful brownstone blocks surrounding the apartment that make the neighborhood feel warmer, there are some good restaurants and cafes, and it's close to some nice parks. On the minus side, I visited on a summer Saturday, so the streets were packed down by 125th st, which to me felt a bit overwhelming (my current neighborhood is a little more laid back and residential). There was also more trash on the streets than I'd like, but that's true in a lot of neighborhoods in NY! Overall, got a decently safe vibe walking down the street and though it may not be my personal dream neighborhood, i could see living there. I'd love to hear from people that have more experience with the area/people who live there about what they think. Mine is just a first impression, so take that for what it's worth.
Thanks for the feedback, but I was actually looking for more information about people who are selected for the Aurum Condominium. Your information is important for people who are going to live there in the future, but for now, I am more interested about the who selection process and how many people are on the wait list. Also, how many people with a log number.
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Old 07-24-2017, 07:27 AM
 
Location: Manhattan
20,134 posts, read 26,416,255 times
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So, $225K for an "affordable" studio and almost $400K for a two bedroom on Adam Clayton Powell Boulevard. I can see why lower income people might walk away.
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Old 07-24-2017, 07:32 AM
 
2,187 posts, read 1,533,535 times
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Quote:
Originally Posted by Kefir King View Post
So, $225K for an "affordable" studio and almost $400K for a two bedroom on Adam Clayton Powell Boulevard. I can see why lower income people might walk away.
For a studio is not worth it, but for a two bedroom in manhattan, that's kind of price you can't get in a regular market (well at least not in the market price).
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Old 07-24-2017, 10:27 AM
 
7 posts, read 3,676 times
Reputation: 11
I Should have clarified - I went up there to see it because I was selected to move forward with first round of financial info for Aurum. Log number in the mid 200's. Municipal employee. I was responding to the question of whether it seemed like a bad neighborhood.

Last edited by IrisApfel; 07-24-2017 at 10:40 AM..
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Old 07-24-2017, 11:11 AM
 
2,187 posts, read 1,533,535 times
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Quote:
Originally Posted by IrisApfel View Post
I Should have clarified - I went up there to see it because I was selected to move forward with first round of financial info for Aurum. Log number in the mid 200's. Municipal employee. I was responding to the question of whether it seemed like a bad neighborhood.
Thank you for clarifying on this. Are you in the process of getting the condo? Did they tell you how long is going to take to finalize everything?
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Old 07-24-2017, 12:12 PM
 
7 posts, read 3,676 times
Reputation: 11
My application is still under review. Don't really have a sense of how far along I am in the process but I was first contacted about a month and a half ago. I'll turn in a second round of financial info next week and then I guess we'll just see what happens! Fingers crossed. Would be pretty exciting if it worked out but I'm trying not to get my hopes up.
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Old 07-24-2017, 12:19 PM
 
2,187 posts, read 1,533,535 times
Reputation: 2052
Quote:
Originally Posted by IrisApfel View Post
My application is still under review. Don't really have a sense of how far along I am in the process but I was first contacted about a month and a half ago. I'll turn in a second round of financial info next week and then I guess we'll just see what happens! Fingers crossed. Would be pretty exciting if it worked out but I'm trying not to get my hopes up.
I see. Thank you for the valuable information. If you don't mind, can you keep me posted as you proceed with the application?
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