Now is a great time to buy.
If you are interested I'd be happy to help you with your search. Please call me at 914-273-9688.
Grand Lux Realty
A couple of caveats. You may have heard one of your parent's say, "don't buy the best house on the block" - the same is true here. Buy something either at the lower end or middle....it's just safer. I kind of like the knickerbocker Lofts. Good Square footage, but in an area that is not transformed yet - so you get a lot for the money, but you have to live with industrial area while the transformation goes one around you.
The cons are mentioned above - you have to live with the ongoing transformation while it is happening. But it's not that bad - and you know what they say...no pain, no gain. Upward potential is mainly available in areas where some SACRIFICE is still required. Once there is no more sacrificing - the price goes waaaay up.
You might want to check out my blog - it is useful for everyone, not just people who have pets.