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

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[quote=Anonymous][quote=Anonymous][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]

Why not just rent in one of those nicer neighborhoods?  I'd much rather rent a 1BR in Carroll Gardens or Fort Greene than deal with owning a crappy 1BR condo/co-op in Flatbush or Crown Heights.[/quote]

A lot of Crown Heights is gorgeous—you obviously don’t know NYC well.[/quote]

I'm from New York and have lived in Brooklyn for more than ten years (Manhattan before that).

Thanks for the response!

A lot of Crown Heights is gorgeous—you obviously don’t know NYC well.[/quote]

Yep, many people don't realize that the area near Brooklyn Botanic garden/ Brooklyn Museum/ behind the central library is Crown Heights.  Plus, of course, the brownstones and limestones.[/quote]

"Near" those things is Crown Heights, sure, though I imagine if OP is also considering neighborhoods like Flatbush then he's probably not looking to buy anything west of Classon or Franklin, in the area that's more culturally akin to Prospect Heights.[/quote]

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