Its boundaries, starting from the north and moving clockwise are: the Cross-Bronx Expressway to the north, Jerome Avenue to the east, East 161st Street to the south, and the Harlem River to the west. Ogden Avenue is the primary thoroughfare through Highbridge. Highbridge is dominated by 5 and 6-story tenement buildings, older multi-unit homes, vacant lots, and newly constructed subsidized attached multi-unit townhouses and apartment buildings. After a wave of arson ravaged the low income communities of New York City throughout the 1970s, many if not most residential structures in Highbridge were left seriously damaged or destroyed. The city began to rehabilitate many formally abandoned tenement style apartment buildings and designate them low income housing beginning in the late 1970s. Also many subsidized attached multi-unit townhouses and newly constructed apartment buildings have been or are being built on vacant lots across across the neighborhood.
Table of Contents
- INTRODUCTION
- New York City – The best place in the U.S. To buy
- About New York City
- Why buy property in NYC?
- Why buy now?
- Why is buying better than renting?
- The buying process
- Choose Real Estate professional
- Set price range
- Determine how to pay
- Mortgage Prequalification
- Select price range
- Determine search criteria
- Why are you buying?
- What do you want in your new home?
- Choices
- Review and visit homes
- Search for homes
- Select home
- Offer
- Prepare and present
- Negotiate and accept
- The Legal Stuff
- The negotiation process
- Selecting an attorney
- What is due dilligence?
- The contract
- The mortgage process
- Board approval
- The “walk through”
- The closing
- Estimated closing costs – Coop Purchase
- Estimated closing costs Coop Sale
- Estimated closing costs – Condo Purchase
- Estimated cosing costs – Condo Sale
- Estimated closing costs – New Construction Condo Purchase
- Disclaimer
- Credits
- Glossary of real estate terms
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