Quote:
Originally Posted by sbarn
^^ This project confuses me. This building is surrounded by public housing, next to a convent and across the street from an auto-body shop. I get the neighborhood is transition, but if I'm going to drop 6 million on a condo, there are much nicer locations in the area. I feel like they're over shooting the market.
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A convent wouldn't be a negative. The auto body shop will almost certainly be gone soon, replaced by another luxury tower.
And public housing exists two blocks from 15 CPW, probably the most expensive apartment building on earth. I don't think public housing is a net positive, of course, but I don't think it's a major negative, at least in NYC. There's tons of public housing all over Manhattan, even in the most expensive neighborhoods.