I’ve read a handful of articles in the last few years around the idea that buying a condo/co-op isn’t a sound investment mostly based on a few rationales that it’s not a true investment; that it’s not liquid and doesn’t pay you money every month.
Two years ago when I first moved to New York, Avenues A, B, C and D were talked about as if they were apart of the East Village. And I happily went along not knowing better.
Gentrification is a complicated issue. It becomes even more complicated an issue when you’re brand new to a city like I am to New York.
Flax, the funky art supply shop off Valencia and Market is saying goodbye. Flax is being pushed out by a nine-story, 160-unit condo building with parking lot that is set to be developed in that space
If you’re in the market to buy real estate, then you know that in order to get a sense of what’s a reasonable price for real estate in the area you’re considering, you have to pull the prices for similar homes in or near that area.