Would you buy a four-plex with a new apartment building being built across the street?

[Chris Purcell]

I'm looking at a four-plex in Baltimore. However there's a brand new apartment building being built right across the street. I'm sure the building will be super high end with high rent (although I shouldn't assume on that, have to do more research.) But I'm just curious if most investors would stay away just because of the competition. The numbers are looking pretty good so it's worth investigating.