First-Time Condo Buyer in NYC – Thoughts on 48 E 132nd Street and Tips for What to Look For?

I'm considering buying a condo in NYC as a first-time homebuyer, specifically in the building at 48 E 132nd Street (The Style) in Harlem. It is priced ~400,000 for >500sq ft studio. It won’t be my primary residence, but I’d like it to feel safe, accessible, and have good city amenities nearby. I enjoy walking to restaurants, parks, and shops, so proximity to public transit and neighborhood liveliness are key for me while I enjoy calm and quiet where I lay my head.

Please help me answer these questions:

  • Neighborhood: What can you tell me about the neighborhood? amenities, restaurants, quiet/ loud?
  • Pricing: 400000 for 450 sq ft considered a good deal? What would be considered great price sq/ft in the area.
  • Investment Potential: Is this a good area for a second home or investment property?
  • Building: The condo has some nice amenities like a fitness center, virtual doorman, and courtyard. What should I be cautious of when buying in newer developments?
  • Tips for First-Time Buyers: What should I absolutely pay attention to during this process? Are there red flags I might not know to look for?

If you’re familiar with this neighborhood or have experience buying condos in NYC, I’d love your insights. What should I ask or research before making a decision? Thanks in advance for any advice!