Tag Archives: buying a home

Dear Harlem: Is it better to buy or rent?

There are those so-called “million dollar question(s)” out there in the universe around housing that we have all asked ourselves at one time or another. I know I have. And that is…is it better to buy or rent? It’s a loaded question…huh? Well, there is actually an online, interactive tool available now that is trying to help consumers answer that question: buy vs rent? It’s in The New York Times’ Making the Most of your Money section.

To use the online tool, fill in the information on your left, i.e. monthly rent, home price, etc. After you fill out the information, then place your cursor over the grid and it will reveal whether its better to buy or rent? Below are two samples.

Try it by going here. And good luck with finding the answer to that familiar question.

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Harlem Real Estate Progress Report: The Morellino Condo unveils its listing


The building located at 159 West 118th Street and Adam Clayton Powell Jr. Blvd has gone through so many changes, from condo to youth hostel to vacant, etc., it may have finally reached one identity. Called The Morellino, it has 35 residential units, 20 storage units, and five retail units.Of the 35 residential units, there are 15-one bedrooms, nine-two bedrooms, and 11-three bedrooms. Six of the units boast outdoor space, either as a rooftop terrace or a ground level garden. The prices range from $475k to $1.4 million. Buyers would be paying in the range of $650 a square foot-if my math serves me correctly. Park River Properties now appears to have the entire listings!

To read previous blog posts on Harlem Real Estate, click here.