My office is in Manhattan and I own a townhouse in Brooklyn. I sell in both boroughs. There are many fabulous neighborhoods in Brooklyn other than Williamsburg and there are a slew of fabulous new condo developments in Park Slope, Cobble Hill, Carroll Gardens, Boerum Hill, Brooklyn Heights, downtown, DUMBO, Fort Greene and Clinton Hill that are every bit as nice as anything you will find in Manhattan, with as many amenities and fabulous community amenities (amazing restaurants, shops, etc). There are also other parts of Manhattan where a lot of development is happening other than Harlem, neighborhoods on the rise such as the East Village and the Lower East side. You have MANY options. And no, the parts of Manhattan you mention, near Marcus Garvey Park and near Columbia are not dangerous. They are very much in demand and therefore have gotten quite pricey. Feel free to contact me about these neighborhoods and the developments in any of them. And of course for your purposes, you would want to go condo rather than co-op.
Great questions! I would say if you can invest in Manhattan as opposed to Brooklyn, then go for Manhattan. The more the apartment is on the fringe, the more it is susceptible to market fluctuations. So, it is my opinion to go with Harlem - I am actually an expert in Harlem. And East Harlem (aka Spanish Harlem) has some amazing new developments that offer even 5% down!! There are about 10 developments that I could recommend. Central and West Harlem have become pricier over the years. But still great deals to be had compared to Manhattan below 96th Street. And when you ask about danger - that is in the eye of the beholder. In my opinion, I think all of the areas I have discussed are fine, but you need to discover what works for you when you see places.
I would say waiting until December might be a little too late. My gut is telling me after the elections on November 5th, the psychology of the market could move in a more positive light - meaning prices could start inching up. But of course, no one has a crystal ball! I would love to speak with you. My bio and contact information is below!
Stephanie Davis joined Mark David because of the INTEGRITY and FRESH APPROACH it brings to the real estate market. Mark David puts the customer first and genuinely cares for their clients. It is authentic customer service at its best. Stephanie has over 7 years of sales experience in the Manhattan real estate market and has SOLD OVER 30 APARTMENTS in Manhattan. She first discovered her love for real estate while working with a broker to find an apartment. After graduating from school, she moved forward with that hunger by working for a boutique brokerage firm in Murray Hill in 2001. There she excelled as the TOP rental agent for her entire stay there CLOSING OVER 200 RENTALS. Stephanie Davis then joined a top residential brokerage firm in Manhattan, Halstead Property. There she worked under one of the top-producing brokers where she later "graduated" to working on her own. She has sold a variety of apartments, anywhere from MULTI-MILLION DOLLAR PROPERTIES TO STUDIOS IN MANHATTAN, as well as working directly with buyers and sellers. She also became an expert in putting together sale and rental Co-op Board Packages as well as prepping clients for board interviews. She has NEVER had a board turndown. Throughout her real estate career she found an affinity for the east side of Manhattan. She is a MARKET EXPERT from 42nd Street and below; as well as the Upper East Side. On a personal note, Stephanie Davis has an extensive background in not-for-profit work. She is most noted for founding, creating, and managing a successful Downtown theatre company which has been in existence for over five years.
Senior Associate Broker/Director of Client Relations & Business Development
Mark David & Company Soho Office 560 Broadway, Loft 201
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