Buying into Newswalk?
I’m thinking of bidding on an apartment in Newswalk. Everyone I’ve spoken to who lives there seems to like it notwithstanding issues re leaks, HVAC and rising common charges. So am I crazy to buy in now?
I’m thinking of bidding on an apartment in Newswalk. Everyone I’ve spoken to who lives there seems to like it notwithstanding issues re leaks, HVAC and rising common charges. So am I crazy to buy in now?
not a fan of newswalk here.
bho, can u define stabilize? we’ve had three months of flat returns on your holy grail, NYXR, presumably you want more. three more? six? nine? just want to put a date on the end of the doom and gloom.
Yeah, you’re crazy. You should wait until the NY S&P Case-Shiller Home Price Index stabilizes. Where it goes, condos will follow.
***Bid half off peak comps***
It’s also important to consider newswalk’s engulfed (almost) by the Atlantic yards project – units facing away from the yards (south exposure) are preferable, but you’ll see that reflected in pricing