Rent vs Buy in 10013 : Questions & Answers

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Jenet Levy, Real Estate Pro in New York, NY
Jenet Levy answered:
WHAT AREAS ARE THE BEST PLACES TO INVEST IN NYC AT THIS TIME? 1 BR/1 BA WHAT WILL BE MY POSITIVE CASH FLOW IF ANY?
In my opinion, the best values right now are on the Upper East Side and in the Financial District. As you may know, we are trending up, and most neighborhoods right now have very little ... more
0 votes Share Flag Mon May 27, 2013 Rent vs Buy in New York
Yul Park, Real Estate Pro in New York, NY
Yul Park answered:
Does anyone have any sound advice as to whether renting or buying in Harlem would be best? I make about 60K a year and have 20K in savings.
Hello Simone,

I've done some work lately in Harlem and areas further north. There are many factors to consider. If you're interested please contact me directly and we can discuss you ... more
0 votes Share Flag Mon May 27, 2013 Rent vs Buy in New York
Jenet Levy, Real Estate Pro in New York, NY
Jenet Levy answered:
If I were to buy and rent a condo would that be a good idea in NYC i Will this be a good time?
Mddoc27,
Yes, it is definitely a good idea as well as a great time to buy and rent out a condo in NYC. Our market has been trending up and inventory is tight, which will only cause pr ... more
0 votes Share Flag Fri Mar 8, 2013 Rent vs Buy in New York
Elena Ravich,…, Real Estate Pro in 10019
Elena Ravich, Manhattan Expert answered:
I want to invite a real estate agent and a lawyer to our next tenant association meeting because we want to discuss the possibility of converting our
I would be happy to participate and explain the benefits and how things work. Can also ask a very good and experienced coop attorney to come with me, as well
Elena Ravich
Rakita Real ... more
0 votes Share Flag Thu Jan 31, 2013 Rent vs Buy in New York
Janet M. Nat…, Real Estate Pro in Baldwin, NY
Janet M. Nation answered:
My husband & I currently looking to rent w' option to buy condo/townhouse in lower Westchester by this Aug, this type lease it common or
No just save up your money until you can come up with a sufficient down payment. Rent with the option to buy in our market is too complicated, rarely practised and you don't know when ... more
0 votes Share Flag Mon Apr 23, 2012 Rent vs Buy in New York
Christopher…, Real Estate Pro in Westchester, NY
Christopher Pagli - ABR, GREEN answered:
is there a maintenance fee each month when you own a coop?
Hi, yes there is montly maintenance when you own a coop and monthly common charges for a condo, plus property taxes.

Chris
0 votes Share Flag Wed Feb 20, 2013 Rent vs Buy in Upper East Side
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Are down payments for co-ops negotiable?
Keep in mind that when purchasing co-ops each building is different, and each has their own financial requirements that must be met in order to be approved; generally required downpayme ... more
0 votes Share Flag Fri Mar 30, 2012 Rent vs Buy in New York
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
I have around 50k savings -135k income and sick of renting - I want to buy - Does anyone know any good options for me?
The only true way you will be able to know if what mortgage programs may be available to you, is to meet with a local and trusted mortgage broker, they can prequailify you at no cost, t ... more
0 votes Share Flag Wed Oct 26, 2011 Rent vs Buy in New York
Jenet Levy, Real Estate Pro in New York, NY
Jenet Levy answered:
Can I rent to own a condo in new York city?
Jessica,
This is a very good question. By the way, how interesting that you are from Brooklyn, AL - I didn't know there was a Brooklyn there, so hello from one Brooklynite to an ... more
0 votes Share Flag Mon May 27, 2013 Rent vs Buy in New York
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
i l ive in and HPD building that is tenant owned , but there is only two board members and no rent guideline they seem to charge whatever they what
Since this question is a legal one, for an accurate answer/information, it's best to consult with an attorney who specializes in real estate--most professionals do offer a free c ... more
0 votes Share Flag Wed Oct 26, 2011 Rent vs Buy in New York
Ralph Windsc…, Real Estate Pro in Hauppauge, NY
Ralph Windschuh answered:
Considering buy vs rent - single, $100K savings but $44K salary, studio in Manhattan
The Manhattan market, even though affected by the general downturn in real estate values, remains a fairly strong market compared to the rest of the country. If you plan of staying aro ... more
0 votes Share Flag Wed Oct 14, 2009 Rent vs Buy in Upper West Side
First Last, Other/Just Looking in 90002
First Last answered:
I'm an NYC condo owner renting out my apt. and buildling has denied me access over my Tenant - is this
For a lot of reasons that are too much to discuss here, I do not believe this is legal, and I would urge you to consult with a lawyer who is experienced in real estate matters. Schedule ... more
0 votes Share Flag Thu Nov 14, 2013 Rent vs Buy in New York
Anoop Punjabi, Real Estate Pro in New York, NY
Anoop Punjabi answered:
I am debating whether to continue to rent or start the process of buy a coop or condo in Manhattan, NYC. Is?
Hello Will,

I commend you for having the start of a brilliant thought. I do not know of any magic number to determine a threshhold, however that being said - if you have a long term ... more
0 votes Share Flag Fri Oct 16, 2009 Rent vs Buy in New York
Voices Member,  in
Voices Member answered:
I would like to buy a little condo as an investiment...I don't live in the USA but I know there are great
Martina, You might want to give this a look...http://www.nyc.gov/html/dof/html/property/property_bill_taxlien.shtml

You could also look through these....http://www.biggerpockets.com/ ... more
0 votes Share Flag Mon Mar 23, 2009 Rent vs Buy in New York
Morgan Evans…, Real Estate Pro in New York, NY
Morgan Evans - NYC Real Estate answered:
ıs there any one bedroom apartment at this building
Hi Hande,

That building is made up of 2, 3, 4 bedroom apartments. So right now there are no 1 bedroom apartments available. Are you looking for a one bedroom apartment that faces G ... more
0 votes Share Flag Wed Jan 28, 2009 Rent vs Buy in New York
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