On average, units in City View condos (built in the late 70s, converted to condos 2 yrs ago) are selling for $375 /sqft or so. Add $300-450 /month in condos fees. There is a pool, nice gym, hottub, attached/covered parking, bla bla bla.

Personally, I have a hard time believing these units will be worth much more. My friend recently sold a 674 sqft 1br for $248k.

Ya, Philly is a lot cheaper than some other cities....and City View condos are far from the most expensive in the city..... but I still have my doubts.

Thoughts?

I think the city view condos will be subject more to the supply factors than the demand factors. I think it has a very good location, so that can ofset some of the new supply. Overall, I see it as an average investment at this point, neither good nor bad. What goes through my mind as a consumer, I can have a brand new condo with 10 year abatment (possibly) or a Condo that has been around since the days of Nixon.

Are those the curved ones where almost every apartment has a balcony?

__________________
I've Made a Huge Tiny Mistake

- On the lookout for black people and immigrants

Nah, thats the Philadelphian...where units are cheaper per sqft.

http://cityviewcondos.com/

But City View has EXCELLENT unobstructed city views--and there'a a premium for that too...have any of you seen the views looking out of that building?
not to mention its location...next to future Barnes and thrillingLibrary expansion

I think there'll be several more condo towers in those few blocks in near future.

__________________
SPM

From my window

Nice shot, Malloy--I'll ask you , 'cause I've always wondered. What's that building in the lower left corner of the shot, white cement, with no windows until the top two floors?

Thanks!

The Granary - an architectural firm. At least it was.

__________________
“Cities have the capability of providing something for everybody, only because, and only when, they are created by everybody.” - Jane Jacobs

Has Cityview 2 sold out?

according to the sign there are 5 units left. Probably large, north facing corner units with a view of the parking lot.