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Don't forget the maintenance on that apartment, which is at least 1500 a month. 650k is extremely low, even then. I've only seen that on properties with a large
by rashkov 10y ago
Don't forget the maintenance on that apartment, which is at least 1500 a month. 650k is extremely low, even then. I've only seen that on properties with a large tax abatement that is set to expire, or the land isn't owned by the building and the lease on the land will expire in 10 years. I wish you were right, but New York isn't that kind, even compared to SF.
- infinotize 10y agoYep - in NYC, there are no public deals. The price always has literally everything baked into it. If it seems low, there is definitely a good reason.
- ceras 10y agoAs someone who is currently planning to buy in Manhattan, $650k for a 1br in Yorkville sounds about right. Quick Streeteasy eyeballing around 86 suggests the maintenance need not be $1500 either -- you either get a fancy elevator building at that price, or you get a walkup at a lower price than $650k.
- x0x0 10y agoYou're wrong, as glancing at the mentioned sites will show you. Also, you pay property taxes (higher on new purchases), maintenance, and so forth in CA too.