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I realize I am wasting my time here but here goes. For one thing, what by the looks of this picture gives you the impression that this is targeting those with “median incomes”? Second, the tenements you speak of have been in large part been held by (predominantly Jewish) property mgmt firms for over 25 years and likely will be for 25 more. This picture however is of a tower going up on the water, which is largely devoid of these tenements you are talking about.
These units, if on a level with the Edge and Northside will easily be up in the $750k-$950k area, especially when you consider the ample common garden/park areas likely to only slightly be offset by the city parks dept. $270k mortgage??? That does not exist in new construction inWburg any longer unless you plan on putting down $500k.
You made a blanket statement above about a subject you clearly know nothing about. Sorry if I made that too clear to you. “Several conversations with realtors” means nothing bc you almost def spoke to realtors focused on resales, which is night and day when compared to new construction and the developer delivery to new buyers. Would you talk to an auditor “in-depth” about your taxes? Or a tax accountant? Same difference.