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WHere to buy- Tempo, 77 Reade, or 16th andd 8th?

Started by cykang325
about 15 years ago
Posts: 21
Member since: Oct 2007
Discussion about
I need some opinions!~ I am contemplating purchasing in these areas: Any thoughts? Tempo- 23rd and 2nd, 1 bed Condo (690SF) at ~$865K listed price 77 Reade- Reade/Church - open 850 Sq Ft condo(plus 100SF of storage included) at $975K Or 17th and 8th Avenue- older 1 bed 600SF or so (standard 1 bed) Condo (needs $50K Renovation) and listed at $775K All of these of course will be sold at a lower price, I'm sure...where would you buy- to live in and to get the most value out as an investment?
Response by cykang325
about 15 years ago
Posts: 21
Member since: Oct 2007

And the Chelsea one does not include gym but has a NYSC below for a fee.

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Response by Isle_of_Lucy
about 15 years ago
Posts: 342
Member since: Apr 2011

Do you like all three neighborhoods equally?

Do you have kids? Are the kids school-aged?

Do you like a more boisterous area, at all times of day & night? Do you like to be near your "play area" after work, or do you like the walk after playing?

Where is work?

Sorry to ask so many questions, but obviously neighborhood is a very personal choice.

Personally, I'd take Chelsea.....especially after answering my questions above.

The poll answers would be interesting.

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Response by basicinformation
about 15 years ago
Posts: 82
Member since: Oct 2008

23rd and 2nd not the best neighborhood ever, 23rd is busy... dont like 77 Reade... I would go for Chelsea... Safer... just a better neighborhood, with more potential... but again that s just my opinion

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Response by MidtownerEast
about 15 years ago
Posts: 733
Member since: Oct 2010

"23rd and 2nd not the best neighborhood ever." I take it, in light of your claim that Chelsea is "safer," that you somehow think 23rd and 2nd is unsafe? That's just ridiculous. A little dull, maybe, but unsafe? I don't think you have ever been there if you think it is unsafe. The real reason to avoid the Tempo is because it is a shitbox, but don't blame the neighborhood.

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Response by jsantag643
about 15 years ago
Posts: 3
Member since: May 2009

I viewed the Tempo and the finshes seemed real nice . I saw the constuction materials also looked ok . Seemed like a good value for the space and finshes. What did you not like? A concern of mine is that is seems as though there are financial issues with the developer. Its been on the market forever and they cannot finish the building . True ,not a desirable area ..however I agree its safe.

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Response by MidtownerEast
about 15 years ago
Posts: 733
Member since: Oct 2010

The building looks really out of place for the neighborhood and is unlikely to age well. Also, you are right that it has taken them forever to finish the building, which might be a sign of financial distress. Others on the board may have seen the interior finishes and can also give you a more intelligent answer than I can on pricing, etc. I wouldn't call the area "undesirable." It is close to many things, but could use more restaurants and other amenities.

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Response by FreebirdNYC
about 15 years ago
Posts: 337
Member since: Jun 2007

Believe the large building on the NE of 23rd and Third is a large block of low-income housing; the whole stretch from 23-29th and Third is pretty dodgy. Also a very crowded corner with lots of cross-town traffic / noise. Definitely the least appealing of the three locations if you ask me.

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Response by darlinger
about 15 years ago
Posts: 1
Member since: Feb 2011

I really didn't mind the Tempo. It seemed decent enough and the finishes were adequate. The neighbourhood was in no way unsafe but 23rd is a very busy thoroughfare. My other problem was the lack of a subway close by. 77 Reade...blah. My vote would be for the Chelsea location as well.

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Response by basicinformation
about 15 years ago
Posts: 82
Member since: Oct 2008

sorry I meant "unsafe" as an investment, not at all as a neighborhood.

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