My NYC Black Folk......Gentrification

[TheBigBopper]

Yes there are.

And yes, Everyone, in the hood, is a violent criminal hell bent on murder and mayhem.

Wanting to "be around white people" is something that is destroying us...

A few bad apples spoil the barrel. I shouldn't have to state this. Look up the statistics. The hood has more bad apples than other neighborhoods. You can't dispute this.

 

[Easy-E]

A few bad apples spoil the barrel. I shouldn't have to state this. Look up the statistics. The hood has more bad apples than other neighborhoods. You can't dispute this.

What statistic are you looking at? What statistics have you pulled up?

 

[Canada Goose]

No hipsters in south side Jamaica

My hood >>>>> yours

There starting to genify the area around the Jamaica LIRR station..Also there building a new luxury

 

[88m3]

I strongly suggest you look in neighborhoods on the edge of gentrification, chief example being bedstuy.

If youre looking for a prominent black neighborhood look into stuyvesant heights. The area is really starting to get lit ablaze, if not already. Its a historic district so you wouldnt have to worry about the houses getting dilapated, very close to the A/C, and are brownstones. You can pull some rental income or convert it to a massive single family residence.

The value of your house easily shoot up hundreds of thousands in the next few years. Theres some property there for 850-1mm. IMO very much worth it from an investment point of view.

Plus as blacks we already lost the black boheme (fort greene/clinton hill), as far as the brownstone belt the only area of prominence left is stuyvesant heights.

bedstuy is mostly in the 1-2 mil range now for anything decent it should drop in the fall though

 

[Ego Noir]

bedstuy is mostly in the 1-2 mil range now for anything decent it should drop in the fall though

I meant like farther out, east of Lewis if you search you can find a fixer upper for 950. Matter fact I seen a 3 level brownstone (garden, parlor, 2nd) on Quincy/Stuyvesant a week ago 3 bed 2 bath with a 2 bed garden rental unit for 950 asking, and that one was gut renovated.

 

[Ego Noir]

There starting to genify the area around the Jamaica LIRR station..Also there building a new luxury

You talking about that luxury at the corner Parsons/Jamaica that they built like 3 years ago? Or is this on the Sutphin side?

 

[88m3]

I meant like farther out, east of Lewis if you search you can find a fixer upper for 950. Matter fact I seen a 3 level brownstone (garden, parlor, 2nd) on Quincy/Stuyvesant a week ago 3 bed 2 bath with a 2 bed garden rental unit for 950 asking, and that one was gut renovated.

I haven't really seen that but it's good to hear. At the same time that will probably run you 200k in renovations....

I might look at the Bronx for multi families.

Crown Heights and Bed Stuy have barely any listings and mostly are way overpriced

 

[dBoyFresh*212]

That commute though

There starting to genify the area around the Jamaica LIRR station..Also there building a new luxury

U talkin bout new luxury condos 85 and 120

 

[Canada Goose]

Reason I didnt fully type out my post is because my phone is a POS

Anyways I was talking about the new building across the street from the parking garage on the side block with Burger King and Pizza Hut.

 

[dBoyFresh*212]

I haven't been to the Burger King in a months b but yea they are slowly moving into south ozone park / south Jamaica . I don't think anything will be done over here till the next 5 years but who knows at da rate dey be going it's disgusting apartments in Jamaica right now are at 1300+ for 1bd

 

[AB Ziggy]

I haven't really seen that but it's good to hear. At the same time that will probably run you 200k in renovations....

I might look at the Bronx for multi families.

Crown Heights and Bed Stuy have barely any listings and mostly are way overpriced

It will definitely be cheaper up there but the commute to Manhattan will not be easy. The 4 5 6 lines are crazy. 2 train isn't that bad on certain days.

 

[88m3]

It will definitely be cheaper up there but the commute to Manhattan will not be easy. The 4 5 6 lines are crazy. 2 train isn't that bad on certain days.

Yeah, I'm sure. I'll check back when I get addresses and what not. I barely spend time up there. It would really be a placeholder until I could throw more money together.

 

[Ethnic Vagina Finder]

I haven't been to the Burger King in a months b but yea they are slowly moving into south ozone park / south Jamaica . I don't think anything will be done over here till the next 5 years but who knows at da rate dey be going it's disgusting apartments in Jamaica right now are at 1300+ for 1bd

 

[capblk]

In 2012, the landmark Andrew Freedman Home opened up a bed and breakfast in the southern wing of the building on the ground floor with 10 rooms decorated in a 1920s theme harking back to the days of the building’s construction. Andrew Freedman built the city block-sized mansion to house the older, formerly wealthy so that they could continue to live the lives which they were accustomed to. Talk about an “only in New York” story.

Last August The Opera House Hotel in the old Bronx Opera House opened up as the borough’s first luxury boutique hotel and by December, they had registered over 5,000 guests.

And the construction of new hotels in the South Bronx doesn’t end with the Umbrella Hotel.
Currently under construction is a 12 story hotel in the Lower Concourse Rezoning District at 500 Exterior Street and a lot at 135th Street and 3rd Avenue, currently a brownfield, is being cleaned up for an 80-90 room hotel.

The South Bronx certainly has come a long way as a place people once fled to a place where visitors from all over the world want to stay.

Welcome2TheBronx | Another Boutique Hotel To Open In Melrose Adding More Lodging Options In The South Bronx

 

[capblk]

It's all over when mainstream retailers are setting up shop in the Borough that even longtime New Yorkers are afraid to step into. All it takes is a few Starbucks and one Midwest transplant to call his/her buddies back home and tell them that it's "not SO bad" - the migration begins...

Todd Cooper, a broker with Ripco who is co-marketing Gun Hill Square and Throggs Neck Shopping Center, said, “If you look at the suburban retailers you see over and over in different suburbs, a lot of them realize they can do business in the Bronx, and there’s a demand for space.”
A two-story Woodbury Common Premium Outlets-type complex, called Paragon Outlets NYC—its namesake is Lightstone Group’s outlet mall developer Paragon Outlet Partners—is slated to be built at 2505 Bruckner Boulevard, home to the Whitestone Multiplex Cinema, in the Castle Hill section. Lightstone acquired the 19.2-acre site in May 2012 for $30 million, and a Lightstone spokesman said Lightstone is in talks with prospective retailers to ink deals for the 375,000 square feet of leasable space. Lightstone declined to comment. This will be the first outlet mall in New York City.

Mr. Greenwald said outlets are a smart choice for Paragon Outlets NYC, because the location is not easily accessible via public transportation. Mr. Kelleher celebrated the idea of an outlet center to draw outlet shoppers who currently schlep out to Woodbury Common north of New York City.
“When you look at all of the things that are going on here, 10 years ago, a lot of this wasn’t happening,” Mr. Kelleher said. “I can tell you that over the next 10 or 15 years this whole area is going to go through an economic explosion.”

Retail in the (East) Bronx Is on Fire | Commercial Observer