QMN
less than a minute ago
Posts: 24
Member since: Jan 2010
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All of the Fordham construction for next 20 years will leave the building without adequate light, no views, and no peace. The Amsterdam House on the West side is also a low income housing (see link to story about drug raids below) Given the high monthly fee & taxes, the listing prices in the Alfred seem high and a risky investment for years to come. Low 700s should be the right price handle, at 800s it is an immediate loss of 100k+ in equity! Does anyone have any experience with the building and it's management....ability to rent at a competitive, with all of the listings around?
http://www.fordham.edu/fordhamuplans/images/Boards%20for%20City%20Council%20Hearing%20May%2012%202009.pdf
http://www.nydailynews.com/news/crime/28-arrests-sweeping-drug-raids-rival-crews-amsterdam-houses-article-1.176542

I went to see some units there a while ago, and I felt really bad for the current owners there--w/ the exception of the owners of the south-facing units. It's one thing to have a highrise go up across the street, but it's quite another to have one a few feet away! The structure under construction was so imposing that it made me feel as though I were in the basement... [They were as bad as the "court yart"-facing units at 254 Park Ave South.]

Also, in my opinion, the potential buyers have "tolerated" the giant low-income housing across the avenue until recently, given the generally good location and the view. But, now that the view is gone for many of the units, I think they might take notice of the proximity to the low-income housing a bit more.

No idea what that housing project is like now. My only experience is that 22 years ago I went on a walk with a friend and we wondered what was west of the project so we started walking through them. A cop stopped us and asked what we were doing and if we were insane. He turned us around and told us it wasn't a good idea to continue the walk.

22 years ago it was insane to walk through several parts of the city, but now the housing projects in that area are not too bad. I have walked through them quite often and have never felt unsafe or threatened. From what I understand, if a crime is committed in those projects, the family (or individual responsible) is immediately kicked out and banned from the area.