How Jamaica, Queens these days ? (Rose: condo, houses, safe neighborhood)

[Esacni]

Originally Posted by ironlex

It's been appreciating faster than rest of Queens, aside from Flushing and adjacent areas. There's strong demand for housing in Jamaica.

There are $1MM condos in Brighton Beach. People will pay a premium to live in certain ethnic enclaves (for whatever reason).


Speaking honestly, anyone paying $1MM for a condo in Brighton Beach is still out of their ****ing mind. Same goes for Jamaica.

[SeventhFloor]

Originally Posted by Esacni

108-21 UNION HALL STREET, Jamaica, https://streeteasy.com/sale/1558411?...288942ef5f842e

164-20 SOUTH ROAD, Jamaica, NY https://streeteasy.com/sale/1558006?...75975f4cc4042b


108-21 UNION HALL STREET, Jamaica, NY https://streeteasy.com/sale/1555465?...ec3aac78a764f1

These are all South Jamaica, and not Jamaica proper. Huge difference.

[Esacni]

Originally Posted by SeventhFloor

These are all South Jamaica, and not Jamaica proper. Huge difference.

The second listing is right by York College. Is that South Jamaica?

[SeventhFloor]

Originally Posted by Esacni

The second listing is right by York College. Is that South Jamaica?

Yes, South Jamaica is everything south of Liberty Avenue.

[ironlex]

Originally Posted by Esacni

There are $1MM condos in Brighton Beach. People will pay a premium to live in certain ethnic enclaves (for whatever reason).


Speaking honestly, anyone paying $1MM for a condo in Brighton Beach is still out of their ****ing mind. Same goes for Jamaica.

I had to look this up. Here's an example of $1MM condo in Brighton Beach:

https://www.zillow.com/homedetails/3...73244263_zpid/

I think, it is a very reasonable price for a 3 bed. 2 bath. beach front property.

[Tiredofnyclife]

Originally Posted by ironlex

I had to look this up. Here's an example of $1MM condo in Brighton Beach:

https://www.zillow.com/homedetails/3...73244263_zpid/

I think, it is a very reasonable price for a 3 bed. 2 bath. beach front property.

Maybe if my name was Vlad and I was an import/export Russian businessman then I would consider buying that condo. As well as staff the front and side entrances with young men in adidas track suits who glare at anyone trying to come into the building.

[OyCrumbler]

Originally Posted by ironlex

I had to look this up. Here's an example of $1MM condo in Brighton Beach:

https://www.zillow.com/homedetails/3...73244263_zpid/

I think, it is a very reasonable price for a 3 bed. 2 bath. beach front property.

Now that we're working from home so often, I'd probably take this if the B train were extended and it ran all day, all week. Oh, and if flood risk was like, nil.

[speediestevie]

Originally Posted by Esacni

The second listing is right by York College. Is that South Jamaica?

This isn’t where you want to live. Area is pretty seedy, many drunks hang out in the summer on the streets. Honestly even without them the streets need some type of beautification effort / upkeep. The businesses cater to very low income residents. Archer Ave and north is where construction is taking place. But even so it’ll probably take another five years to feel attractive to outsiders.

[Esacni]

Originally Posted by ironlex

I had to look this up. Here's an example of $1MM condo in Brighton Beach:

https://www.zillow.com/homedetails/3...73244263_zpid/

I think, it is a very reasonable price for a 3 bed. 2 bath. beach front property.

The only people buying that are those looking to live in the specific ethnic enclave. For $1MM,.you can get some pretty decent coops/condos in much better parts of BK.

[Mr.Retired]

There is a difference between home value and value of home.
I would rather live in an older building in a safe neighborhood than a new pop up surrounded by crime.

Jamaica Queens scores a dismal 51% on livability compared to a score of 91% for nearby Rosedale.