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Old 06-04-2010, 09:43 AM
 
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Hey all! I am from Cleveland but have always been in love with NYC. We travel there quite often but not much outside of Manhattan. I have some distant relatives that live in the Bronx but have no idea where they live. Recently I have been thinking about possibly buying an apartment in the NYC area that way we can go back and forth from Cleveland but do not have to pay for hotels. Also I think it would be nice to own a piece of the city. We are not rich people so Manhattan is out of the question. I did see an apartment listed at 205th and Grand Concourse in the Bronx. I am wondering if this would be a safe area for us to buy in? I want to go to Manhattan and have a good time and then be able to get back to the apartment safely. Probably late at night. If anyone can give me some info about the area I would really appreciate it.
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Old 06-04-2010, 10:22 AM
 
Location: Beautiful Pelham Parkway,The Bronx
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It's a safe and nice area,known as Bedford Park.Most of the buildings on the Concourse above Bedford Park Boulevard( 200th St) are co ops as are many of the buildings on Mosholu Parkway and on the side streets.It's sort of an undiscovered little area where you can buy nice apartments in great buildings for less than $200,000 .Lots of green space around too on Mosholu and in Van Cortlandt Park.It's quite peaceful around there and it's close to 2 subway lines.

Last edited by bluedog2; 06-04-2010 at 10:36 AM..
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Old 06-04-2010, 10:33 AM
 
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Quote:
Originally Posted by bluedog2 View Post
It's a safe and nice area,known as Bedford Park.Most of the buildings on the Concourse above Bedford Park Boulevard( 200th St) are co ops as are many of the buildings on Mosholu Parkway and on the side streets.Lots of green space around too on Mosholu and in Van Cortlandt Park.It's quite peaceful around there.
I agree with bluedog. That area of the Grand Concourse is really nice. You should have no problems with safty plus the D and 4 trains are within a couple of walking blocks so traveling to the city should be a piece of cake. Best part about that area is that you get more space for your money compared to Manhattan. It's very affordable yet not too far from the city. Once you hit Kingsbridge and south on the Grand Concourse is when the neighborhood and the people who reside there start to degrade. Good luck!
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Old 06-04-2010, 10:40 AM
 
Location: Washington, DC & New York
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Some co-op boards will not approve the use of the apartment as a pied-a-terre, primarily because they are concerned with the potential use as a short-term rental, or loan, to other parties who are not shareholders. It's just something to consider, since the co-op form of ownership differs from a condo in many respects. It all depends upon the board, and the neighborhood. Manhatttan and even some areas in The Bronx, such as Riverdale, can be incredibly fussy, both in terms of financial and lifestyle qualification.

The neighborhood is decent, I agree, so there's not too much to worry about, other than precautions one would ordinarily exercise in NYC.
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Old 06-04-2010, 11:36 AM
 
20 posts, read 56,196 times
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Thank you guys for all the info. Yeah I am just browsing right now. I would need to contact a realtor to find out more info about buying it as a pied-a-terre. I think it would be awesome to have a place in NY to hand down to my niece. Ia will ask this too. Besides this area, how are other places like Yonkers?
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Old 06-04-2010, 12:08 PM
 
Location: Washington, DC & New York
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It depends upon the part of Yonkers, some are great, and others have problems. Since schools would not be an issue, as you're not permanent residents, you could find a nice apartment in a good neighborhood. Co-ops can be finicky when it comes to inheritance, too, since you do not own the unit, but a proprietary lease, based upon shares owned in the building. A condo is inheritable, since you have title to Unit 5B, not just the leasehold to it. If she's on the proprietary lease, however, there would be no problems with inheriting a co-op.
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All the world's a stage, and all the men and women merely players: they have their exits and their entrances; and one man in his time plays many parts, his acts being seven ages.
~William Shakespeare
(As You Like It Act II, Scene VII)

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Old 06-04-2010, 01:07 PM
 
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Wow so many things to learn. I work in real estate in Cleveland but we do not have co-ops here. I am going to have to do my reasearch on them. What happens to a co-op when the tenant dies?
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Old 06-04-2010, 01:21 PM
 
Location: The Bronx
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the grand concourse has some really nice looking art-deco buildings, i like the layout of the area, it gets really busy during the day so if that aint ur thing u might not like it.
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Old 06-04-2010, 02:17 PM
 
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That actually sounds like what I am looking for. I would actually feel a lot better if there are people around. I think it may be a good idea if I go there during the day and then at night. I am mostly nervous about coming back to the place at 3 am. I don't want to have to run from the train to the apartment or get shot or stabbed on the train. lol
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Old 06-04-2010, 02:21 PM
 
Location: The Bronx
210 posts, read 140,396 times
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^ u shouldnt have problems. it aint bad really, chances of something like that happening are slim.

but, the grand concourse covers a big area (like 70-80 blocks)---so drive up and down the strip and see what suits you. The northern edge by the 200's id say is definately a more 'quiet' area.
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