As a life long New York City area resident and a former realtor, I get what you want to accomplish BUT unfortunately it will not work. New York City area housing is VERY expensive and you get tiny rooms to rent. A good comparable is trying to rent in Silicon Valley, San Francisco, LA or San Diego. Same thing.
Plan A is out. Let's go for Plan B. You will start looking for rentals in Staten Island, in New Jersey along the Hudson River, in southern Brooklyn and Queens. Remember your budget is $3200. or less per month. And yes it is possible. The one thing we have that CA doesn't is excellent 24/7 public transportation. You do NOT need a car like you do in CA. The places I mentioned above do have cheaper rentals than the neighborhoods you mentioned in your question.
As for convenient short commutes - forget it. The subways, buses and ferries will get you from Point A to Point B fast, easy and convenient than driving a car. Owning a car in NYC is a nightmare! Parking is very restricted and very expensive if you have to park in a garage, the roads are crappy so you will spend a fortune on car repairs, mechanics are rip off artists, the cops love to give out parking tickets which are expensive and traffic during morning and evening rush hours does not move fast. Between the LA freeways and NYC highways, my bet is NYC would win.
Landlords do credit and background checks, so I believe your loan statements should be sufficient. You should take advantage and get some part time jobs while in school. There are plenty here.... more
I would consider contacting a Realtor and hiring he/she to work for you. Realtors that represent the Seller can not suggest how much to offer on a property. If you hire a Buyer's Representative, he/she will work in your best interest.
Good luck to you.... more
The quality of life all over Manhattan is good depending on your interests and income. Ultimately it comes down to what you're looking for. The Lower East Side is a younger, artsier area with galleries, bars, and lots of nightlife. The Upper West Side has some of this too but it also has more in the way of estbalished arts with Lincoln Center, Merkin Hall, and Symphony Space. Riverside Park is right there as is the crown jewel of New York City parks, Central Park. It's probably more family friendly and quieter.
As far as property values? The Upper West Side is largely a bit more expensive, particularly when you get near Central Park and it becomes the domain of the richest people in the world. However, many people live where they can and depending on size, views, outdoor space and many other variables, you can spend equal amounts in both places.... more
This refers to the amount of monthly charges paid by an individual co-operative owner to the co-operative as their proportionate share of the expenses of the building. ÿÿ Maintenance is comprised of three components:ÿ 1)ÿ The daily cost to run and operate the building; 2) The shareholders proportionate share of the building's underlying mortgage and 3) the shareholders proportionate share of the building's local real estate taxes. For more information please contact me at email@example.com. Hope this helps! Jill -HDFC Specialist... more
You can email or call the listing agent directly, or you could work with a buyer's agent who will represent your interests and will set up a viewing for you and then guide you through the process of buying this apartment or any other.
Please give me a call or email me if you would like any help with this.
Since this question was asked for a condo in New York, NY- I am assuming you are referring to common charges (HOA dues is a term that is common outside of NYC). The missed common charges are the responsibility of the unit owner- however that it doesn't always work out that way. From the point of default until repossession, the rest of the owners will have to cover the shortfall. The bank can foreclose, but so can the condo association. While the unit could be sold via a broker, it could also be sold via auction. In either case, the bank holding the 1st mortgage has first priority of repayment (unless there is some government lien, i.e. an I.R.S. lien and then the bank comes gets paid after the government), and then the condo association- if there is still money left after the bank gets paid. If there is still a shortfall- then the other owners in the building need to cover this amount. All other lienholders can get paid after the bank and the condo association gets paid if there is money remaining.
I am not an attorney- so this is just general guidance, but I would recommend consulting with an attorney for specific advice.... more
Congrats!! Honestly, I would rent it out on my own if you have the time to review interested parties. Place an ad and your list of requirements (be sure to abide by all Equal and Fair Housing Laws). Rental season is upon us...good luck & feel free to contact me if I can be of any assistance.
There is a time lag for the listing updates on Trulia - it may take several days if a broker does not go to each site directly and manually updates them. Also the reason may be multiple offers/applications they have on this apartment. However, if you were told by the broker that the price was $X and gave a deposit and an application for that amount, it should be valid as of that date. Even if the asking price/rent went up a bit, a smart landlord should be able to negotiate a reasonable discount for a solid tenant with good credit history and required income.... more