Reply to Is it absolutely foolish to buy a 1BR in NYC for ~$500k?

Forum Index » Metropolitan New York City

Reply to "Is it absolutely foolish to buy a 1BR in NYC for ~$500k?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'd say go for it but would be very curious about where/what you're looking at.  Airbnb's are crazy popular in popular parts of NYC. [/quote]

Thanks for the response!

Haven't made up my mind at all, but most likely somewhere in Flatbush, Prospect Lefferts Gardens, Crown Heights, or Bed-Stuy, as those neighborhoods are still a bit more affordable. I would ideally love a place closer to Manhattan (Clinton Hill, Downtown Brooklyn, Boerum Hill, Fort Greene, etc.) but those look to be a bit out of budget... but we'll see. Any recommendations? And curious, have you owned in NYC before?[/quote]

DP.  I am a bit further West and South from your target area, in Kensington.   I think being a homeowner in NYC is fine if you intend to stick around for a while, I bought my first apartment at 24.  As far as renting out a coop or condo, there are too many variables to be sure about how it will play out in the long run.

If I were you, I’d go for a place with fewer amenities, but closer to Manhattan.  If you are looking in Brooklyn, take a look at places like Concord Village, Clinton Hill coops, etc. - large no frills mid-century coop developments (there is also one in Fort Green, I think it’s called Kingsview).  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics