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Hi, my office recently moved to GC so I plan to move closer as well. I found a condo in Hempstead that pretty much sits on the border of GC and Hempstead near Atlantic and Hilton. How is this area in regards to safety? I've already done some research and well aware that the condo is very close to a bad area in Hempstead (Terrace Ave eastwards). Some say I'm right on the boundary where the crime rates shift drastically. Should I be concerned where I am?
You'll be OK there. My sister lived short term in what is probably the same building you're in before she moved to Florida. Just keep your eyes open, no valuables left in the car, and as noted, do not buy a house in that area. You'll pay less, but you'll have trouble unloading it later on.
Hi, my office recently moved to GC so I plan to move closer as well. I found a condo in Hempstead that pretty much sits on the border of GC and Hempstead near Atlantic and Hilton. How is this area in regards to safety? I've already done some research and well aware that the condo is very close to a bad area in Hempstead (Terrace Ave eastwards). Some say I'm right on the boundary where the crime rates shift drastically. Should I be concerned where I am?
Thanks.
That area is fine. Buy in GardenCity side though. Resale easier due to excellent school district.
There are a couple of brand new apartment complexes recently built in Mineola right across from Garden City on Old Country Road, in the downtown area near the courts. One is called the Modera. They are luxury high rise apartments with amenities, i.e., gym, clubhouse, parking facility, etc. If you want to spend time in the City, it is walking distance to the Mineola train station which has a large number of train options.
If you were renting I'd say "maybe" but owning? Probably not a great idea- whether condo or house! I'm marginally familiar with the area but it turns fast there. I'd say rent, so you have less "skin" in the game. Then, if you are comfortable, buy later. Better then losing your money in a bad investment. I'd recommend Mineola if you want to be close and know it's a good area, though prices there are high from the Hospital and great LIRR line (but your value should stay stable/high). There's Cherry Valley, as another posted suggested, in Garden City. You have to be careful buying into co-ops and condos. Easier to lose money on those as lots of variables beyond neighborhood (health of financials, pickiness of Board, self managed or though a company). So being in a better neighborhood helps reduce a variable. One clue as to the desirability of a complex is to look at recent sales on Zillow or Realtor.com or Redfin and see what asking price was, what they ultimately got and how long it was on the market. If there aren't a lot of sales it could be hard to gauge but seeing negotiated prices close to asking and quick sales (which for a co-op or condo "quick" is 3 to 4 months- they always take longer to close- even 5 months isn't bad) is a good indicator of how good an investment it is. I used to own a great co-op before upgrading to a house. We were in contract, got our lowest acceptable price and on our way fast. actually could have held out for more and had one higher offer but couldn't take it (long story). We made a small profit and didn't renovate a thing- and our bathroom needed it. A friend of mine bought in Great Neck and was on the market well over a year before they finally found a buyer, and they lost money in their sale, and their unit came with a garage and parking space. Could happen anywhere, but just saying.
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