Hi, I'm a first time homebuyer and have been looking to buy a 2 bedroom condo or house in Park Slope or Windsor Terrace. I'll be living there for a few years and will most likely rent it out or sell it after that. It seems that in terms of affordability in the Slope, South Slope is still reasonable since it's not as established yet, and there's room for growth. I know real estate agents are always... [more]
Hi,
I'm a first time homebuyer and have been looking to buy a 2 bedroom condo or house in Park Slope or Windsor Terrace. I'll be living there for a few years and will most likely rent it out or sell it after that. It seems that in terms of affordability in the Slope, South Slope is still reasonable since it's not as established yet, and there's room for growth.
I know real estate agents are always saying "location, location, location" and "good schools!". Windsor Terrace is meanwhile closer to the park and even though the school district is the same as South Slope's, the particular apts I'm looking at in WT have better zoned schools for them.
However, I feel like more yuppies will be moving into South Slope whereas more established families will move to Windsor Terrace. Is that true? Which area would be the better investment or are they about the same?
Any comments are appreciated. Thanks!
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Response by saiyar1
almost 14 years ago
Posts: 182
Member since: Jun 2010
How long are you going to stay? It seems like a short time (<4 years). Have you done a buy rent breakeven analysis? Make sure it's a condo not coop. Otherwise rent.
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Response by dylan621
almost 14 years ago
Posts: 30
Member since: Feb 2011
South slope will be more attractive to future buyers. Better transit options, restaurants, shopping.
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Response by ab_11218
almost 14 years ago
Posts: 2017
Member since: May 2009
you need to define South Park Slope better and in what street. some people call Sunset Park South Park Slope.
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Response by GraffitiGrammarian
almost 14 years ago
Posts: 687
Member since: Jul 2008
By South Park Slope you mean Fiske Terrace, Ditmas Park,and maybe western Flatbush, right?
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Response by krismina
almost 14 years ago
Posts: 5
Member since: Apr 2011
Thanks for everyone's replies.
I'm probably going to stay 3-5 years.
South Slope meaning around 18-20 Street and 4-6 Ave. So, very close to Greenwood.
And Windsor Terrace meaning around Prospect Park SW.
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How long are you going to stay? It seems like a short time (<4 years). Have you done a buy rent breakeven analysis? Make sure it's a condo not coop. Otherwise rent.
South slope will be more attractive to future buyers. Better transit options, restaurants, shopping.
you need to define South Park Slope better and in what street. some people call Sunset Park South Park Slope.
By South Park Slope you mean Fiske Terrace, Ditmas Park,and maybe western Flatbush, right?
Thanks for everyone's replies.
I'm probably going to stay 3-5 years.
South Slope meaning around 18-20 Street and 4-6 Ave. So, very close to Greenwood.
And Windsor Terrace meaning around Prospect Park SW.
Thanks!