I will try to answer this question as best as I can here for you. Going over your description regarding Battery Park vs. Upper West Side as your future residence you listed 6 reasons as to why you would enjoy living downtown and only one partial reason as to why you would consider buying on the UWS which is an investment opportunity. I also agree with you that buying a home is not always for the sole purpose of getting a return. To be honest, whether you buy DownTown or UWS and are planning to live there for a minimum of 5 years you will make your money on the place when and if you decide to sell at that time. Downtown is a very hot area right now and most brokers would agree that it will continue in that direction. There are several great new buildings which are going up as we speak, you are close to transportation and have amazing views of the river and Jersey along with all the parks and patrol units which help everyone feel a-lot safer.
I think that you and your husband should make a list of positives and negatives of living in both places, and decide what will work best for you. For the same price on the UWS you are getting less space, you will also put in additional funds into renovating that apartment and maybe not enjoy the area as much? Battery Park you listed all the positives attributes, on top of that it's a brand new building which tends to have a better flowing floor plan and you are not worried about renovating the apartment and possibly going over budget and over time.
One thing which you may or may not know already Mel is that Battery Park City is a Land Lease. That means the buildings which are up are all leasing the land, usually for up to 90-100 years and that will explain why Common Charges may be slightly higher in that area as opposed to everywhere else, but not extreme.
I think that you already know your self where you would prefer to live. If you and your husband are looking for more specific information, please contact me and I'll be more than glad to share that and answer any concerns or questions which you may have.
Hope I helped a little.
Best of luck to you both
What part of the UWS? A well maintained UWS pre- war condo always is in demand..
As this is to be your home, you have to figure in your lifestyle choices such as: exercise, entertainment culture, as well as shopping ,eating out and proximity to work, etc..Also you have to figure in future life changes, such as children, pets, elderly parents and any changes in your health or lifestyle choices.
Hope this helps you with your decision!
Please let me know if I can help you with your real estate purchase or sale.
I'd appreciate a referral to your friends and family!
Licensed Real Estate Broker