Home Buying in Jeromes Park>Question Details

Hridita, Home Buyer in Jeromes Park, Bronx,...

Buying a co-op, is this a good idea?

Asked by Hridita, Jeromes Park, Bronx, NY Wed Feb 24, 2010

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4
Hridita,

The best way to find out about a co-op is to look at the financials of the building. Then I would see how many units are owner-occupied as opposed to investor or sponsor owned. Then talk to people who live there to see how well the building is kept up. I have lent in numerous co-ops throughout the Bronx and Westchester. Feel free to call me at 718-904-0004 if you have questions about a specific co-op.


Edward Angelino
Power Express Mortgage Bankers
3609 East Tremont Ave
Bronx, NY 10465
0 votes Thank Flag Link Wed Feb 24, 2010
Will you be happy living there, will it suit your lifestyles needs, etc. a decision only you can make based on your wants and needs.
0 votes Thank Flag Link Wed Feb 24, 2010
Hi,
When buying any real estate, in order to find whether it's a good idea or not, you have to evaluate your long and short term goals. If you plan on living in any property for more than 5 years, then it's usually a good idea. Obviously, each property may be different and has to be evaluated on its own merits. If I can assist you, please feel free to contact me.

Ralph Windschuh
Certified Buyer Representative
Senior Real Estate Specialist
Associate Broker
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com
0 votes Thank Flag Link Wed Feb 24, 2010
Hi Hridita,

If you are looking to buy a co-op in Jerome Park, there are many options. Co-op listings start at $69,000. Not sure what questions you have about buying a co-op in Jerome Park but a good place to answer questions about the neighborhood would be the New York Times. There are some articles in recent years that might be of interest to you.

http://www.nytimes.com/2008/06/29/realestate/29livi.html?scp…

http://www.nytimes.com/2007/07/01/realestate/01livi.html?scp…

http://www.nytimes.com/2005/08/07/realestate/07livi.html?scp…

Robin Lynch
Keller Williams Realty Group
914-315-6182
0 votes Thank Flag Link Wed Feb 24, 2010
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