UPTOWNflavor

Photo of The Lore by D. Bell

I was watching the network news this evening and saw that as the economic crisis is starting to level out new home buyers are taking advantage of the down market and are not just purchasing one property but two or more.

Last month I caught wind that uptown developers are offering to sell their overstock of real estate in bundles. What does that mean? Well, considering I am not a real estate expert I will try to explain it the way that I understand it. Since the typical home buyer is being cautious with his or her money, real estate investors are at an advantage. Properties like The Kalahari, The Savoy West, The Lore, and The Bridges North are ripe for the picking for those with deep enough pockets.

Packages or bundles can be customized or they can look like this:

An 18-unit package is offered at The Bridges North NY in Harlem for $15 Million, and includes five three-bedroom units and 13 two-bedroom units as well as over 10,000 feet of retail space.

So if you happen to hit the lottery or your crotchety old Aunt Mildred kicks the bucket with a mattress full of cash, you could be the lucky owner of a bundle of Harlem real estate by getting in touch with Nicole Amato at nicole@mediashoppr.com or (212) 867-8778 x226.