As a plumbing contractor located in Riverdale (10471) some of the studio apartments I serviced were just used as love nests or people who lived out of the area but hated the idea of living in Manhattan or buying a home in this area as many are very high priced ,
Consider it as a town house without the house and living in a big closet.
The prices some of these folks ask are in my opinion outrageous to live in an apartment building than the CO -OP owner is responsible for the piping even those in the wall CRAZY but true in some cases.
When thinking of buying a co op as the board interviews you you had better do research in their finance ask how old the building is as many are well over 40 years and the life dependency of the plumbing system is just about up
Also if the buildings need pointing or a new roof think about the assessment you may face
Does the building contain asbestos? Radon? How many stock holders are in arrears as unemployment is very high
Renting an apartment a private house is a consideration as many of the 2 or 3 family homes in Riverdale (10471) and Kings bridge (10463) have tenants for over 20 years
I rented out of of my apartments that has 9 rooms 9' -3" ceilings 2 full bathrooms, their own laundry room new kitchen appliances including dishwasher for under $1,600 a month and they can expect no increase in their rent as long as they want to live here
Many people rather have a great tenant and take a lot less money then the so called going rate .. Just shop around