Also keep in mind that all the market research in the world may not matter. What matters is whether you can see yourself living in the apartment, in the building, in the neighborhood. Do you feel you can call it your "home"? Buying real estate is as much an emotional decision as it is a financial decision.
1. they don't notice the date
2. they don't pay attention to the date even if they notice it
3. they don't care about the date, even if they notice it, and are more interested in posting answers
4 their goal is not to answer relevant questions, but rather to earn points
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When you answer it everyone who answered it years ago gets your post, I sincerely doubt the buyer is still looking.
It is also against the terms of service to use the Q&A area of Trulia to solicit buyers/sellers.
What affects price:
First, a one bedroom can be anywhere from small to large.
Second, the type of building and services it has (or doesn't have) in it also varies-- think walk up, what floor, elevator, and/or doorman building.
Third, proximity to subway(s), or stores like Whole Foods, can also affect price. In other words, Chelsea can be considered 16th St. and 9th Ave. (which is almost Meat-Market) or 28th St. and 10th Ave. The desirability of one location over the other can be argued.
Fourth, whether it is a co-op or condo and its maintenance or cc (carrying charges)/ RET (Real Estate taxes) monthly affects your payment monthly and it can vary a lot.
Fifth, are there assessments coming up for any major repairs in the building (or existing) and how is the reserve fund (cash on hand for repairs).
In other words, if you pick a small walk-up one bedroom on a high floor far away from a subway it will cost you a lot less than a large one bedroom or loft style one bedroom (in say, the O'Neill building) in elevator, full service relatively new condo.
All of that said, in any given building, in my opinion the best way to figure current pricing and value is by looking at recent comparable sales. I have access to closed sales in a building if you find any in particular that you like. Just email me and I'll send you the data of what's sold, when, and what's on the market.
And, for first time buyers I rebate 10% of my commission at closing. In other words, if you bought a $600,000 place, your rebate (paid out of my commission which is paid by seller) ranges from about $1500-$1800 depending on the listing commission. I primarily specialize in Downtown.
Best of luck. I'm here if you need me,
Licensed Real Estate Sales Agent
Charles Rutenberg Realty
Travis R. Old
Licensed Real Estate Salesperson
CitySites Real Estate Group, Inc.
3 W. 57th Street, 5th Floor
New York, NY 10019
Direct Office: (212) 228 - 3882
Fax: (212) 588 - 0919
Direct Cell: (347) 601 - 9600
Text: (347) 601 - 9600
It depends on what you call a 1BR...but your average Doorman 650-750SF Coop can range from about $600K-$850K the lower end would be 1960s (white Brick) buildings in need of work with limited views and the upper range would be prime larger Prewars with Views. Condos would be about $100K higher, even more for the newest higher end buildings with top quality finishes.
Of course there are small walk-ups that can be had under $500K. And fantastic new condo loft 1BRs even over a couple million. But a budget of $650-$750 for a coop and $700-$800 for a condo will get you a very decent nice DM 1BR about now.
Try out one of the top Rental Websites online (like Rent.com, Appts.com, etc). Here's a tool that can get you started at least, which allows you to Research the Avg. Rental Price in any of the major cities in the U.S.