Where should i live in New York
Aug 24th, 2011, 07:22 AM
#42
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Bowsprit, we have friends on the upper west side whose pre-war coop apt does have very large rooms ( although I guess it depends on your definition of "huge").. Each of the 4 bedrooms has a closet, and there are 2 or 3 hall closets. I don't think it's that unusual.
Aug 24th, 2011, 07:43 AM
#45
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Does Fodors generally deal with finding real estate for relocations? This has been a very interesting discussion but it isn't really travel related. Just wondering, not criticizing. Would this discussion be better suited for the Lounge?
Aug 24th, 2011, 08:54 AM
#48
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This was a welcome departure from is the ESB better than the TOTR, I need a hotel for less than $13.47 a night, and which restaurant in the theater district is best for left-handed trapeze aerialists who need to be on the train for Hoboken by 10:46.
Aug 24th, 2011, 06:07 PM
#51
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Where is your job located in Staten Island? Is it near the Staten Island ferry going to South Ferry in Manhattan? Also, have you actually personally checked the location where you'll be working? I'd suggest you ask your co-workers where they live to get an idea of housing.
I believe you can probably find a one-bedroom in Staten Island. Many homeowners rent out apartments to help them pay their mortgage. I have a friend who lives in Brooklyn and rents out three beautiful apartments and he lives on the top floor.
Ironically, it's still possible, though difficult, to find a 1-bedroom in Manhattan for $1800. First it would have to be rent-stabilized (New York has quirky rent laws) and the previous tenant must have lived there a long time so the landlord can only raise it so much for every year the tentant was there plus landlord then adds expenses to the rent for improvements.
Good luck and let us know any additional information you may have so we can offer you more suggestions.
I believe you can probably find a one-bedroom in Staten Island. Many homeowners rent out apartments to help them pay their mortgage. I have a friend who lives in Brooklyn and rents out three beautiful apartments and he lives on the top floor.
Ironically, it's still possible, though difficult, to find a 1-bedroom in Manhattan for $1800. First it would have to be rent-stabilized (New York has quirky rent laws) and the previous tenant must have lived there a long time so the landlord can only raise it so much for every year the tentant was there plus landlord then adds expenses to the rent for improvements.
Good luck and let us know any additional information you may have so we can offer you more suggestions.
Aug 25th, 2011, 05:02 AM
#52
"Just curious: Anyone else have 'huge rooms and lots of closets' in their pre-war apt.?"
Insomnia hit last night so I did some googling. There was another apartment in the building online for sale. The master bedroom and living room are both 18x12. That's "huge" to me, especially considering it's Manhattan. There are 5 closets in the 2br apartment, including one that is deep enough to be considered a walk-in. Others may feel differently but that's "lots of closets" to me. It's a lot more than I have in my old house
Insomnia hit last night so I did some googling. There was another apartment in the building online for sale. The master bedroom and living room are both 18x12. That's "huge" to me, especially considering it's Manhattan. There are 5 closets in the 2br apartment, including one that is deep enough to be considered a walk-in. Others may feel differently but that's "lots of closets" to me. It's a lot more than I have in my old house
Aug 25th, 2011, 08:02 PM
#55
Nope. I love it and have always felt that I will live there for at least a couple of years. Interviewed for a job years back but I'd just bought a new house and decided it wasn't the right time. I love it though. I feel as - or even more - comfortable walking down the streets of NYC as I do at home. Kind of like Colorado for me.
But if I DID move, I'd love to live in that apartment-especially at the rent-controlled price. It's pretty darn sweet
But if I DID move, I'd love to live in that apartment-especially at the rent-controlled price. It's pretty darn sweet
Aug 26th, 2011, 04:05 AM
#57
You're in the market? Lucky you! Check out this listing - it sounds pretty much perfect
http://www.corcoran.com/property/lis...tingID=2227572
The apartment in my friend's building has been sold but Corcoran has many available for sale AND rent. Prices are good too - compared to a couple of years ago anyway.
http://www.corcoran.com/property/lis...tingID=2227572
The apartment in my friend's building has been sold but Corcoran has many available for sale AND rent. Prices are good too - compared to a couple of years ago anyway.
Aug 26th, 2011, 09:15 AM
#58
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Rent control is long gone - it applies only to apartments that have been lived in by the same (aged) tenants since shortly after WWII. Rentstabiization is aother thingg. That applies to many new buildings whoe owners took a specific typeof tax break when bulding or renivating the building. In return the apartemtns n the building were subject to stabilization for a specific nuber of years (I think 25 but don;t hold me to it). Increases on those apartments are set by the rent stabilization board every year (although many landlords cheat on this).
Other than that - and even on those apartments once they reach the $2000 per month ceiling market rates apply.
Before I bought my first apartment I lived in a moderately sized one-bedroom in a stabilized building. If I had stayed in that apartment (at the time rent was about $750) I would be paying well over $2000 a month now. (But I bought and ended up with a much larger apartmetn with mortgage and maintenance of only around $1600 per month - much tax deductible and piling up signifiant equity) before I finally sold it for almost 4 times what I paid for it.
Renting is a loser's game long-term - but you need a substantial sum for downpayment even to get into the buyer's market.
Other than that - and even on those apartments once they reach the $2000 per month ceiling market rates apply.
Before I bought my first apartment I lived in a moderately sized one-bedroom in a stabilized building. If I had stayed in that apartment (at the time rent was about $750) I would be paying well over $2000 a month now. (But I bought and ended up with a much larger apartmetn with mortgage and maintenance of only around $1600 per month - much tax deductible and piling up signifiant equity) before I finally sold it for almost 4 times what I paid for it.
Renting is a loser's game long-term - but you need a substantial sum for downpayment even to get into the buyer's market.
Aug 26th, 2011, 09:39 AM
#59
"Rent control is long gone - it applies only to apartments that have been lived in by the same (aged) tenants..."
My friend is living in the apartment she grew up in. They considered buying the apartment a couple of years ago and decided status quo was much preferable. After looking at recent prices, I think they made a very good decision. Prices have really dropped a lot in the last couple of years. They did buy a place "out in the country" which was a very good purchase and spend their time going back and forth. It's a sweet life.
My friend is living in the apartment she grew up in. They considered buying the apartment a couple of years ago and decided status quo was much preferable. After looking at recent prices, I think they made a very good decision. Prices have really dropped a lot in the last couple of years. They did buy a place "out in the country" which was a very good purchase and spend their time going back and forth. It's a sweet life.
Aug 26th, 2011, 10:49 AM
#60
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Precisely - those are the only tenants still under rent control. As current tenants die off (and you can't "give" the apartment to someone - they have to be living in it for years before the siting tenant dies) the pool is becoming smaler and smaller. At the moment it is tiny. Eventually it will be gone completely.
Stabilized will be with us as long s landlords continue to take advantage of tax breaks.
Stabilized will be with us as long s landlords continue to take advantage of tax breaks.
