tudor city
Started by umbrella27
over 16 years ago
Posts: 62
Member since: May 2007
Discussion about
Does anyone know any brokers that specialize in tudor city RE? Anything special about TC and why the prices/sf are more reasonable?
TC is a little far from the trains than most locations in Manhattan. The apartments tend to be smaller and sometimes darker.
On the other hand, if you want be in an area that doesn't feel like Manhattan, but only a few blocks away from the hussle and the bussle, then it is a place for you.
agreed... you could see the location as a positive or a negative. I think of it like the east side of peter cooper. You get some distance, you get some space, you get some park/grass... you're "away". But, given how much we pay to be "in it" living in this city, I'm not sure how valuable that is.
Also, when you do walk east, I think you come on one of the worst areas of the city in terms of shopping, entertainment. You're basically being let out in the Grand Central area. 2nd avenue over there is a bit dirtier than other areas, not much beyond fast food (except for that one good japanese place). I think there are better compromises out there.
Personally, if I wanted that "away", I'd be in Cobble Hill or something like that. I think the value equation is much better there.
Buildings look sorta cool from the outside, but I've seen some tiny dark apartments in there.
Also, at least a few years back there was a big rodent problem I believe. Saw an interesting listing there online yesterday but it's just too dull for Manhattan for me for too many blocks. If it were only the immediate area that was like that, it would be perfect but as NYC10022 mentioned, there's nothing for blocks and blocks.
Apts are tiny, but only a couple of blocks from Grand Central so definitely not very far from trains imo.
nyc1002 said it best...also the maintenance fees are very high.
Alot of people don't like living in midtown because its mostly commercial. It's definitely a draw back, but the transportation in opinion in excellent, and a train ride to just about anywhere is less then 30 minutes. Most people have never heard of TC, but it's a really pretty neighborhood that feels like it's not really in Manhattan. The maintenance is not high at all, because most of the buildings include electricity. If you like TC check out Beekman also, Beekman is also very charming.
I think $700 maintenance on a 300sf studio is high. Even if you include $75 for the juice.
http://www.streeteasy.com/nyc/sale/413846-coop-25-tudor-city-place-murray-hill-new-york
Sure are charming buildings though!
I pay $1.72 psf for cc, taxes AND electric on my condo studio each month. That TC studio has a maintenance charge (inc. electric) of $2.17 psf per month, which is 26% more. I think it runs high because TC has a land lease not only on the building's land but also its percentage interest in a private park. I'll take Riverside Park for a small donation any day of the week.
Actually the four TC lots that were private parks seemed to have been deeded to a public trust, and there are no longer any property taxes assessed on them according to propertyshark. I don't know who pays for the ongoing maintenance of those parks, but it may be the parks department. If that is the case these virtual private parks are paid for by all tax payers, even though virtually no one but the local tenants ever use these parks. That's a sweet deal.
> it's a really pretty neighborhood that feels like it's not really in Manhattan.
I agree... which would be fine if you weren't paying manhattan prices...
;-)
Most parks are used by locals. I never heard of someone from Manhattan using Fresh Meadows park. Lower floor apartments have lower maintenance charges, the theory being that the higher your floor the more money you can command.