We always thought that the area just below East 120th, between 1st and 2nd Avenue kind of looked like the East Village before it was gentrified and folks moving into the new construction called the Sedona probably have the same sentiments. The building at 344 East 119th Street appeared up on the market in fall 2010 and now only one condo is left at the East Harlem development according to the most updated information on Streeteasy:
LINK. One contract is currently out and there are 9 previous sales at an average of $531 per square foot.
The plus to the area is cost of living is cheap and the new Target seems to be the one-stop-shop for folks new and old. This development is also FHA approved so down payment is as low as 3.5 percent. On the downside, there's only one major train line towards Lexington so be prepared for a long commute (with a couple of transfer points) if you need to be in midtown.
www.SedonaNYC.com
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