Anyone here live in new Harlem condo's? (Beacon, Lenox: apartment, rentals) - New York City - New York (NY) - Page 2 - City-Data Forum

Ace Rock · 02-10-2009, 09:23 AM

Quote:

Originally Posted by Rudbeckia

My point was that once the buildings start being renovated, some people do not care that they are near projects, and will buy them anyway.

And you are crazy if you think parts of Harlem are not good real-estate investments.

The only people who made big money are long time Harlem residents who sold their property to developers and Columbia.

If you think professional real estate companies like Corcorran are wrong, then put your money where your mouth is.

cyrusjul · 02-10-2009, 09:40 AM

Quote:

Originally Posted by Ace Rock

Harlem ain't The Village.

All it takes is a couple of muggings in The Village for the NYPD to flood the neighborhood with cops. Good luck in Harlem though.

There has always been muggings in the Village, has that stop people from moving there? People don't care how many muggings there are they want to live close to the center of entertainment. And will still be happening if it wasn't for the credit crunch. Same has been happening in Harlem. It also helps that Harlem is close to some expensive neighborhoods. Corcoran closed doors, not because of crime there, but because most people that can afford those asking prices in Harlem can't afford them anymore or can't get credit or bank loans. Not because they are scared of crime.

Rudbeckia · 02-10-2009, 11:09 AM

Quote:

Originally Posted by Ace Rock

The only people who made big money are long time Harlem residents who sold their property to developers and Columbia.

If you think professional real estate companies like Corcorran are wrong, then put your money where your mouth is.

You think Corcoran closed its office b/c they no longer think Harlem is a viable market?? you are wrong
http://ny.therealdeal.com/articles/corcoran-closes-harlem-office

just like everyone else in the country they are cutting cost and are combining offices

I am not in the market to buy right now, b/c I am in school and do not want to take out a giant loan to buy something when I can just rent for now, and wait until the day comes when I am not scared of not having a job from day to day.
But if i did have the means i would consider parts of Harlem b/c 1. it way more affordable 2. good location 3. if I were to buy, i would plan on staying for a while and I know i would get a return on the investment.

I have a client that works at Corcoran and she has told me several times, whenever if ever I do start looking, Harlem is the place to look

http://nymag.com/realestate/features/48328/

Fred314X · 02-10-2009, 03:18 PM

I recently saw a poster for a new building--I believe it was actually a rental and not a co-op or condo--called the Avalon. The poster advertises its location next to Morningside Park. (The poster doesn't, however, say how much these units are renting for, although I suspect that the old adage holds true. If you have to ask, you can't afford it!)

iamserge · 02-10-2009, 05:27 PM

Well the Avalon, if I recall correctly, is on the Morningside Heights part of Morningside Park so that's pretty much deep in the UWS, not Harlem.

MsJ27 · 02-10-2009, 05:38 PM

Thanks for the input everyone! I still am in awe of the transformation going on there... because it's not at all for the original inhabitants.

Anywho, as for all the crime and mugging talk, I have never felt more in danger of my safety than walking on 8th ave in the 30's

... *shudder*

bluedog2 · 02-10-2009, 05:49 PM

So true! I never really thought about it but it is scary there.A neighborhood in Manhattan that's scarier than most of The Bronx.

NooYowkur81 · 02-11-2009, 08:38 AM

Quote:

Originally Posted by iamserge

Well the Avalon, if I recall correctly, is on the Morningside Heights part of Morningside Park so that's pretty much deep in the UWS, not Harlem.

Morningside Heights is arguably its own neighborhood but if it is part of another neighborhood, it's Harlem not UWS.

sirtiger · 02-11-2009, 12:52 PM

My friend put a down payment for a 7 figure place on 5th on the park condo (5th & 120street) a year ago. I am sorta scratching my head honestly.

Fred314X · 02-11-2009, 05:00 PM

Quote:

Originally Posted by MsJ27

Thanks for the input everyone! I still am in awe of the transformation going on there... because it's not at all for the original inhabitants.

The original inhabitants, you say? Something tells me you aren't talking about the Dutch (the very name tells you who founded it: the area was named for the Dutch city of Haarlem).