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So I'm considering buying an "subsidized" 2 br apt in BedStuy. It's a fantastic apt w city views, amenities in the building. The two big negatives (1) the closest stop is a 10 mn walk to the G train. (2) If I sell before 4 years, the profit goes to the city; after 4 years I can keep 50% of the profit of the sale.
I like the apt a lot, the neighborhood and the transportation situation not so much. Though there are new cafes and restaurants opening up. Plus the mortgage payments would be stretching my budget.
I'm also looking at a co-op in PLG. Love the neighborhood, perfect commute to my city hall job. The apt is unfortunately not as nice, it's on the ground floor, plus it faces the outdoor B/Q subway tracks.
There's also a new condo in Crown Heights that I have my eye on. But with how crazy this market is I expect it to already have three offers for every unit before the first open house.
So neighborhood vs apt. I have to make the decision very soon. I don't relish being locked in for 4 years, but at the same time I'm feeling pressure to buy, and inventory being so limited..
Thoughts.....
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