Friday, February 25, 2011

☞ READ: Harlem Condos in the News

The New York Times apartment search series has another article on one woman's Manhattan apartment hunt which had her eventually looking at what Harlem had to offer: LINK.  There was a price range restriction of $650K  that did not get much floor space in Manhattan and when a broker suggested Harlem, the buyer was pleasantly surprised at what she saw. This piece is good primer since it talks about a renter paying $2,550 a month for a not so ideal apartment and just started looking to buy since owning might be a better option.  There's also the FHA loans that ask only for 3.5 percent down that many Harlem developments are eligible for so the down payment is a lot easier.  AMNY this past Monday also had a feature on how Harlem is going through its second cycle of recent real estate growth: LINK.  In the past couple of years, the trend had been writing about uptown's condo glut and 2011 has seen the opposite with quite a bit of positive news from the media.

1 comment:

  1. im a native of harlem these condos take out the juice of what harlem is really about(part of speech) man i love the old harlem you know what im saying