Recognize this?
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That corner building just sold for $1.7 million, says a tipster. It has three stores - the 99-center, the laundry and the tailor/sew shop. It has two two-bedroom apartments and two three-bedroom apartments. Back of the playing card Q-estimate says the new buyer could, if he wanted to, renovate a bit, hit the Craigslist, and gross $15k a month easy. Is there any wonder that the smart money follows the gentrifiers? Or rather, the REALLY smart money LEADS the gentrifiers. Remembering that you live in NYC, home to some awfully smart people, the odds are stacked against the budget-conscious renter. Unless, of course, your version of budget conscious is another man's budget buster. Ah, life.
