Home Buying in New York>Question Details

RJ, Home Buyer in New York, NY

Looking for a 1 bed room in Manhattan under 700k

Asked by RJ, New York, NY Sat Feb 9, 2013

Can put 150k down but would like maint fees to be under 1000. any suggestions

Help the community by answering this question:

Answers

9
Eric Detelich’s answer
Hi RJ,

There are many options in Manhattan for a one bedroom under 700k with maintenance fees under 1000. A condominium purchase seems to be more fitting with your finances and you certainly have your pick of which neighborhood you'd like to purchase a condo. If you'd like to meet and discuss working together feel free to contact me.

Eric Detelich
Nestseekers International
Phone: 631 662 5779
Email: ericd@nestseekers.com
1 vote Thank Flag Link Sun Feb 10, 2013
If you haven't done so yet, visit with any licensed loan officer; be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously. Also choose an agent to work with; If interested in co-ops, keep in mind that boards do have their own financial requirements that must be met, including downpayment amounts; each building/board requirement is different....
1 vote Thank Flag Link Sun Feb 10, 2013
Hello dear,
Is there phone that i can reach you at?
0 votes Thank Flag Link Mon Feb 11, 2013
please contact me for assistance. My name is Tanuja and I can be reached at 347-882-0353.
0 votes Thank Flag Link Mon Feb 11, 2013
It is a good price range for a 1BR and I would be glad to show you what is available. Please note that coops require 20% min down payment, so when you or your agent are searching, you would have to set up 80% financing requirement to eliminate those coops that require 25% and more down. To understand better what works best for you, an agent would need to ask you a number of questions about your area preferences, financing, intended use of the apartment and many other things that may be important to your search. Please feel free to contact me
Elena Ravich
Rakita Realty
646 593 7207
elena@rakitarealty.com
0 votes Thank Flag Link Sun Feb 10, 2013
Your best bet is to work with a broker who can help you assess your criteria ad locate the right unit. I thinks it's more about deciding which areas to focus on and what exactly you need and want in an apartment than a ramdom search by price and down payment. If your liquid assets are about 150k you may want to focus on purchase prices in the upper $400k-$500k range since many co-ops will require 20-25% down payments (and will expect liquid assets left over after closing). A lot will depend on your income too. I'm happy to help tou refine your criteria and further explain the financial requirements of purchasing. Charlie Summers, Senior VP, Bellmarc Realty 917-376-1648
0 votes Thank Flag Link Sun Feb 10, 2013
HI RJ,
Depending on the type of 1-bedroom you're seeking, it is quite simple to find a nice, large 1-bedroom for under $600,000! However, it will depend on your criteria.
Feel free to reach out and I'd be happy to send you whatever it is you're looking for!
:-)
Aileen Grossmann
0 votes Thank Flag Link Sat Feb 9, 2013
Hello RJ,

I have a buyer right now who is looking for a one bedroom apartment with monthlies under $1,000 except they have a budget of $650,000. If you would like to discuss your options personally, please contact me. I would be more than happy to answer all your questions.

--
Yul Park
Vice President
Cell: 917-647-2717
Email: Yul.Park@resnewyork.com

RES Sales and Marketing Corp.
320 West 37th Street, Suite 301
New York, NY 10018
http://www.RESnewyork.com
0 votes Thank Flag Link Sat Feb 9, 2013
Brad Malow, Real Estate Pro in New York, NY
Hey RJ,

Take a look at http://www.BuyingNYC.com to get more specific with your search. We will also need to speak about more specific financial qualifications - which are covered on that site as well. Click on the Property Search for all details. Let me know if you have any questions.

Brad Malow
Bmalow@crrnyc.com
212-688-1000, xt. 455 http://www.BuyingNYC.com
Web Reference: http://www.BuyingNYC.com
Web Reference: http://www.BuyingNYC.com
0 votes Thank Flag Link Sat Feb 9, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer