Buying Above 100th Street - Future of Neighborhood

Hi,

I am looking in the same area but more East a bit. I have the same question/concern. Did you get any info yet?

DeBlasio announced today that the City is going to be rezoning East Harlem to promote denser resi development w/ an affordable housing component. My guess is that, if gentrification has slowed recently, it is about to be jumpstarted again.

Dan Gotlieb
Digs Realty
digsrealtynyc.com

I think the challenge in this area will always be the emergence of the rail tracks at 96/97th street. Desirability for Park drops north of this and the railway lines create a strong physical barrier between west of Park and east of Park north of this. Additionally, at around 100th street, there is a strong physical block east to west too created by Mount Saini on the park itself and affordable housing pretty much straight across to first.

Unlike the UWS where desirability and gentrification has drifted north over time. These two factors have meant that true gentrification has never progressed significantly north of 96th on the UES.

That said, at a certain point, in the same way as with Harlem in general, you will likely see some gentrificaiton of East/Spanish Harlem in years to come.

However, there are lots of projects in that area in general which aren't going to move so I would probably place my bets in the area of 108 to 112th east of Park - there aren't any projects on those blocks and it's close to the 110th street station on the 6. Could be interesting.

Westchester

Thank you for the opinions!Also what do you think about the real outcome and message of DeBlasio's rezoning plan?

Nobody wants de Blasio's plan. Just type 'de Blasio housing' into Google, every article has a negative headline.

The real outcome will be less housing for the poor and more housing for the rich. If DeBlasio wanted to really create housing for the poor and middle class he would eliminate or at least limit new historical restrictions and allow new buildings in all of the boro's to go higher and ease the building code restrictions (not on safety) which make it nearly impossible for some lots to ever be developed except by the largest of builders who have deep pockets for lots of litigation, insurance, and permit fees.