Ok, I realize that many of the readers of this message board may have never been to the Starett City section of ENY.
Hence, I provide this map:
Allow me to describe this area in neutral terms:
-Lots of NYCHA in the neighborhood.
-A large, reaking, sewage treatment plant.
-A large industrial park.
-Low flying airplane noise from JFK
-If you don't have a car, you take the bus up Pennsylvania Ave to the 3 train.
-It is in the 75th precinct, which is objectively described like this
In that context, I give you the "Meadowwood at Gateway" real estate development, which is adjacent to Starrett City:
Given the present demand for condos and the fact that these units have outlived the "low income renters" restictions imposed by the Mitchell Lama program, the management company of Meadowwood Gateway has decided that it should quickly sell as many units as it can as condos.
Yes, by NYC's current standards, it is quite affordable: http://www.meadowwoodatgateway.com/home-ownership.html
I even accept that this may be representative of what NYC presently has to offer to a first time homeowner: It is no worse, it is no better.
...One whom -perhaps- has worked for MTA, DOE or HHC for a few decades and saved up a deposit.
However, I shake my head and think to myself, "this is nuts. We are not going to be able to attract and retain hard working, bus drivers, nurses or teachers if places like this are the only places they can buy a home."
However, it would not surprise me if the units all sell in literally weeks.