Need advice for condo (no condo op) shopping in the city. My budget is 750K and I can put 10% down. I’m open to manhattan (no higher than 145th), Brooklyn. Is there anything I should be mindful of as I look for places and does anyone have advice? Im also making sure im avoiding high HOA/maintenance

like
Posting as :
works at
You are currently posting as works at

I just bought an 1100 sq ft coop in Windsor terrace for 100k less than your budget, with a HOA under $800 per month. 10% down. If you like chill neighborhoods you might want to check it out. Further out, but without the daily commute it’s fine for us.

like

C2, we love it. Really chill neighborhood with great restaurants and a healthy mix of people who also dig it. The apartments are huge down here as well.

You want a 1br 1ba to be your forever home?

funny

Why not? If someone isn’t planning to have kids and wants to remain in the city then it can work

And for context, I grew up in this ny area. And am familiar with Manhattan. I want this to be my forever home. I used to rent in Harlem and midtown

uplifting

Uh I think you need to do some math here. 750k won’t get you anything in Manhattan. You’ll probably need to go into Astoria or bed stuy for that, definitely not going to be a great area. But you can def get something that’s in an up and coming area. Also do you understand how much per month you’ll have to throw down with a 30 year mortgage and 675k loan? It’s gonna be around the 3.5-4k mark without utilities, hoa or property taxes. All in probably gonna hit the 5k mark. Especially with property taxes nowadays. I wouldn’t even consider it unless you can put down 25%. Also at 10% most banks will require PMI, not a great situation to be in.

like

Sure, I live in a luxury elevator building. Hoa includes as the big items the doormen, outdoor space upkeep (garden and roof with furniture), any maintenance to my apartment (ie the sink breaks, the super still fixes as if I was renting) and other small building things. Not included are: gym ($20 a month for Pelatons, treads and lots of weights) and laundry in the basement at $2.50 a load

upliftinghelpful

Be careful with these tax abatements- Real estate agents use them as a selling point but they do expire eventually and your taxes will shoot up

like

If you wanna pay low hoa, your best bet would be to purchase a coop. The maintenance and taxes for condos are extremely high (at least in Manhattan)

Realistically you should really have down payment of 20%

Related Posts

Anyone looking to get in at BDO?
Separately, anyone in the southwest or looking to get to the southwest?

like

Do you have to take the SIE before the series 7. My job bought me the series 7 books and I started studying but I am finding out I need to take the SIE first or does it matter?

like

How is Forvis? I am thinking about applying for an entry level audit associate position. Is it nice working for them? Do you get to travel on audits? Also, is the unlimited pto truly unlimited?

like

guy who’s afraid to cheer for his son brandon at a soccer game

likefunny

Hello, I’m current a Cyber Security Incident Responder but I’m a little unclear on what path to take in terms of certs/career path. What should I aim for? I current have a CompTia Security + cert and Splunk Enterprise Certified Admin. I’d also prefer the blue team or purple team.

like

What is a fair salary for a NYC data engineer with 1-2 years of experience?

like

12 years experience as a software developer. How much package should I expect from a MNC company in Toronto, Ontario, Canada?

likehelpful

Has anyone lost a job opportunity because your counter offer was too high?

like

When you get distracted looking at FB on the metro and it takes a minute to figure out where you are exactly 🙋‍♀️

like

Lyft pink is back for CSR, be sure to cancel auto renewal too

Post Photo
likehelpful

Best shoes for flat feet?

like

I live in a rainy area but love lightweight shoes. Any advice for waterproof running shoes that are lightweight?

like

IT band pain? Best stretches and ways to deal?

Knee pain immediately after running in the cold that subsides after you warm up. Anyone else have this problem? Solutions?

Looking for cheap running shorts with a zip pocket for credit card - any recommendations?

Who’s got their BQs done for 2021?!

like
likeuplifting

Kind of a new distance runner here (completed my first half mara last month) and am usually run on treadmill for workouts during the week. I also wear an Apple Watch. Have noticed that my Apple Watch tends to say I’ve run a longer distance, at a faster speed, than treadmill. (It’s usually up to 0.5 miles off and 0.5mph off in speed). Anyone experience this? Not sure what to trust but assuming Apple Watch. Thoughts?

like

YOE : 7.8 i have an offer from IBM and HCL.
IBM : 18 fixed + 1 JB HCL : 21 ( 18 fixed + 1lakh approx (monthly variable) + 2 lakh Annual variable ) . Now i have a discussion pending with Robert Bosch , What should i quote ! Which will be better for job security and work life and overall career growth .

like

“The Sinner” and a Yamazaki & Hakushu flight

Post Photo
like

Hybrid vs WFH?

like

Additional Posts in New York City

If you’re not into drinking/partying, what are some ideas that 2 people can do in NYC on New Year’s Eve? (Except the ball drop). Brand new to the city, appreciate the suggestions. TIA

like

Verizon or new T-Mobile+sprint

like

I need help finding a Christmas tree around midtown east. All I see are tiny ones or huge ones. Just looking for one ~5-7feet

like

Can someone recommend a good photographer for headshots? I’ve tried two so far with mixed results. Don’t really like the final product and most are not great for a professional setting.

like

What are some good commuter towns outside the city for first time property buyers? Ideally commute by rail.

like

What’s the best brunch in the Flatiron area? Boozy not necessary, just good food! My mom and sister are coming to visit and I have no idea what’s good around there anymore 🙃 thank you!

like

Was approved for an apartment that was originally listed as no-fee, but just heard from the broker the building isn’t paying the broker’s fee so we would have to pay it. It is one month’s rent but they are saying we can pay just 1/3 of it due to the miscommunication. Thoughts? Is this a scam? Is there room to negotiate?

like

Any good suburbs with decent connectivity where i can get 2b/2b apartment for upto $4500? Previously lived in a luxury building in JC but now every decent apartment there is over 5.5k which to me in insane. Having said that, I don’t want to comprise on quality and size of apartment. Can’t believe that even with a household income of over 450k NYC area seems unaffordable.

likefunny

Those who moved nyc to nj- assm min change in rent, how much did you save on an avg cause of taxes etc.?

like

Best way to deal with a doorman you don’t like? There is one (among other doormen who are nicer) in my building that is always condescending towards me as if he’s asserting dominance. Many times he would yell at me to pick up the packages when clearly I’m occupied/going outside. I’m the type that don’t interact with doormen unless necessary so wonder if it’s his way of getting attention. I always feel uneasy interacting with him but feel like I have no choice because I like staying where I am.

like

Anyone have had any luck buying a diamond (for an engagement ring) directly from a wholesaler in NYC? If so, which one did you go to and what was that process like?

How dangerous is crown heights these days?

like

Has anyone had luck cancelling their lease due to to COVID? Haven’t been in my apartment since March and wondering if keeping the lease is worth it given it’s not looking like we’ll go back to the office this year.

like

Does it make sense to move back to NYC in February? Scared to go back if COVID cases are going back up

like

Visiting nyc over nye with family - is there any way to do a low key dinner at a restaurant or is everything ticketed

like

Who wants to hit up spoken poetry this Friday? M37 no expectations.

like

Long shot: does anyone know of a good worker’s comp attorney? My company is contesting the claim and the judge advised that I get an attorney. I’m based in Brooklyn.

I know I can look at Google/Yelp reviews, but I’d love some help digging through the endless morass, to find a reputable firm. TIA!

likesmart

Best website or realtor o company or way to find and buy a condo in NYC(Queens, Bronx or Manhattan), 2-3 bedroom.

like

New job at a smaller law firm which provides a stipend for health insurance vs group coverage. Any recommendations for NY health insurance?

like

To anyone in NYC market, what's a ball park realistic salary expectation for someone with 1YOE? Associate consultant/consultant within business advisory/technology strategy. Strong experience and a master's degree to support (I know not much) but just curious what to expect

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal