I love that place...it's SO pretty and affordable and parking and...well it seem like heaven. That's until you dig deeper into the age of the buildings, the damage from Sandy, the possibility of it happening again, the proximity to the angry Hudson River in the wrath of Mother Nature who hates us (and for good reason). The flood insurance will only go up and up, the buildings take a huge beating from the waterfront location and the apartments are mostly pretty old and need updating. I'd rent there for sure, but purchase? Money pit for sure.