If you can't afford it, don't buy it. despite what other people might tell you.
600 is very cheap in NYC where the average 1 br is 1200.
so its a tough. If you interested in long term investing in NYC, try a 2 family. you could rent the 1st and 2nd floor and still have the basement for yourself. you might come out of pocket 1000. but it all depends on the house. But being a landlord is NYC is not easy. - Wed May 21 2008, 14:48
Yes,
I have a new building that has 2 units left. very nice finishings, close to the subway. 300k for the 1br 400 for the 2 br. - Wed May 21 2008, 14:38
I have a very good studio in JH by 82 st for 140k. you would need 30,000 down payement. maintance is 400. you mortgage could be 700 depending on your credit. so roughly $1100. And since your looking long term like most people should , you'll definatly build equity in that time. So don't be afraid. Jump in. - Wed May 21 2008, 14:36
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