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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.
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.
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.
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.
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.
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).
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..
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?
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.
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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