The money is too good. Lot of the brownstones white folks are moving into have black landlords :mido:
My mom's friend has a three story brownstone on Prospect Place, she is
The money is too good. Lot of the brownstones white folks are moving into have black landlords :mido:
Any decent career and you can buy property in Harlem. I'm guessing you're just saying this off the strength of what you've heardI wanted to buy property in Harlem one day, thats never going to happen
I saw a young white woman get off the 2 train at Newkirk at 2:40 in the morning, by herself.
can that be said in 10+ yrs though? This is something on my bucked list, just for the history of harlem.Any decent career and you can buy property in Harlem. I'm guessing you're just saying this off the strength of what you've heard
Any decent career and you can buy property in Harlem. I'm guessing you're just saying this off the strength of what you've heard
At this point you'd have to be making 150k+ to buy a house in Harlem.
A Long Island-based investor is in contract to buy a large office building in a gentrifying area in the South Bronx for $31 million, The Real Deal has learned.
The building sits steps from the Harlem River waterfront in an area that was rezoned in 2005 to allow for residential use in a manufacturing zone. A few years later the owners of a five-story building next door to 2417 Third Avenue received permits to convert that property into 46 rental apartments
Other developments in the area include a planned 84-key hotel on the northern side of the Major Deegan Expressway and the landmarked Clock Tower building, where one-bedrooms rent for about $1,700 a month.
Broker Matthew Green of Bohemia Realty Group regularly shows at the Clock Tower and said the neighborhood is on the upswing.
“Two years ago it was still difficult to bring clients over to Mott Haven,” he said. “They were skeptical and scared. They didn’t know where it was and they thought it was really dangerous.”
“No longer do I have to drag people there,” he added.
Hornig, which could not be immediately reached for comment, was reportedly in contract to buy a $36 million development site in Bushwick earlier this year.
BAY RIDGE — Rents in Bay Ridge are on the rise.
The neighborhood saw a 9.4 percent increase in monthly rental prices since last year — the highest in the borough, according to a study by MNS Real Estate.
Andrew Barrocas, CEO of MNS, attributes the monthly price jumps to an influx of Brooklynites who find other areas too expensive.
"People are getting priced out of certain neighborhoods — like Fort Greene and Cobble Hill — and are moving farther out to the fringes," he said. "Bay Ridge has an established infrastructure and community making it an attractive option for people looking for a less expensive neighborhood."
Studio prices spiked from $1,157 to $1,389, one-bedroom prices rose from $1,524 to $1,606 and two-bedrooms are up from $2,165 to $2,303.
While prices in Bay Ridge are on the rise, they are still low for Brooklyn.
The average cost for a studio in Bay Ridge is 35 percent less than the borough average, one-bedrooms are 37 percent less and two-bedrooms are 31 percent less.
i know dude eating stupid of of it ...The money is too good. Lot of the brownstones white folks are moving into have black landlords :mido:
@ how much stronger gentrification is getting.
It's a dog-eat-dog world man. No place is untouchable.