How will the opening of the new East River Plaza affect real estate prices in East Harlem?

Ziggy-plays-...
Other/Just Looking
East Harlem (El Barr...

Answers (2)
Best answer: Bob Borger
First to answer: Bob Borger
Bob Borger
Broker
New York, NY

Sorry, try this link Instead if the other is broken.

http://curbed.com/archives/2008/06/20/development_du_jour_ea…

Bob

Tue Oct 27 2009, 11:46
Bob Borger
Broker
New York, NY
BEST ANSWER

Hey, Ziggy hope all is well. Here's an interesting post I found in Curbed that may help to answer your question.

http://curbed.com/archives/2008/0/20/development_du_jour_eas…

I however would be concerned about prices for those properties that are in proximity or adjacent to the facilities' truck loading and unloading zone which i believe will be active between 1am and 5am weekdays.

So unless you're in direct earshot of the trucks unloading or near the congestion that will be caused by traffic coming off the drive, over time there may be price appreciation as smaller neighborhood stores arrive and the neighborhood becomes popular destination for buyers and renters.

Tue Oct 27 2009, 11:42

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