Friday, February 25, 2011
☞ READ: Harlem Condos in the News
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.