This 3BR listing in Hudson Heights at $695k is emblematic of a larger trend we are noticing: 1,000 square-foot apartments in pre-war Tudor-style buildings north of the George Washington Bridge moving successfully to contract. Hudson Heights is quite charming, given its proximity to the Met's Medieval satellite, the Cloisters, as well as Ft. Tryon Park and the Little Red Lighthouse of children's book fame. We also hear that amenities, businesses and cafes have increased, though a recent visit suggested that you still need to know where to look. For a nabe that's starting to get a buzz, prices are almost comparable to areas 80 blocks down. So what gives? Is it families who want space and security as opposed to location? One would think that, if the speculative bubble does burst, the extremities of Manhattan would be first affected. What do people see as the draw?
For an example, see this listing.
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