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Any advice on an 440k studio Investment property

Started by luis5acc
over 17 years ago
Posts: 81
Member since: Oct 2007
Discussion about
Hi, What are the going rates for the a 440k new construction studio with 20% down. Any potential pitfalls/advice you guys can offer?
Response by csn
over 17 years ago
Posts: 450
Member since: Dec 2007

where is it located? views? monthlies?

Ignored comment. Unhide
Response by stevejhx
over 17 years ago
Posts: 12656
Member since: Feb 2008

Sure, how much can you rent it out for and will you cover 100% of your costs?

Go to nybits.com, search on no-fee rentals around the area, look at comps. You're probably looking at a mortgage payment of $2,800 + taxes + common charges.

Just to cover your mortgage you got a lot of competition:

Rent Where / What Manager Available Posted On

Apartments in Battery Park City:
$2,000 Studio at 90 West Street The Kibel Company 01/Jul/2008 02/Jun/2008
$2,125 Studio at Le Rivage Rose Associates, Inc 22/Apr/2008
$2,195 Studio at 90 W 01/Jul/2008 04/Jun/2008
$2,200 Studio at 90 West Street The Kibel Company 01/Jul/2008 02/Jun/2008
$2,200 Studio at 90 West Street The Kibel Company 01/Jul/2008 02/Jun/2008
$2,225 Studio at 90 West Street The Kibel Company 01/Jul/2008 02/Jun/2008
$2,300 Studio at 90 West Street The Kibel Company 05/Jun/2008 28/May/2008
$2,350 Studio at Gateway Plaza Olnick Organization, Inc. 05/Jun/2008 26/May/2008
$2,400 Studio at Post Towers Skyline Developers 05/Jun/2008 12/May/2008
$2,520 Studio at Gateway Plaza Olnick Organization, Inc. 05/Jun/2008 26/May/2008
$2,550 Studio at 90 W 05/Jun/2008 04/Jun/2008
$2,550 Studio at 90 W 05/Jun/2008 04/Jun/2008
$2,575 Studio at 90 W 05/Jun/2008 04/Jun/2008
$2,670 Studio at 22 River Terrace Rockrose Development Corporation 05/Jun/2008
$2,695 Studio at 90 West Street The Kibel Company 01/Jun/2008 21/May/2008
$2,820 Studio at Gateway Plaza Olnick Organization, Inc. 01/Jun/2008 26/May/2008
$2,995 Studio at 90 W 01/Jul/2008 04/Jun/2008

Apartments in Central Village:
$1,795 Studio at 224 Sullivan Street Sky Management 05/Jun/2008 04/Jun/2008
$1,950 Studio at 224 Sullivan Street Sky Management 05/Jun/2008 04/Jun/2008
$2,020 Studio at 11 Waverly Place Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,050 Studio at 224 Sullivan Street Sky Management 01/Jul/2008 04/Jun/2008
$2,095 Studio at 224 Sullivan Street Sky Management 04/Jun/2008
$2,095 Studio at 224 Sullivan Street Sky Management 01/Jul/2008 03/Jun/2008
$2,115 Studio at 11 Waverly Place Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,150 Studio at 224 Sullivan Street Sky Management 01/Jun/2008 30/May/2008
$2,200 Studio at 11 Waverly Place Jakobson Properties 05/Jun/2008 01/Mar/2008
$2,200 Studio at 11 Waverly Place Jakobson Properties 01/Aug/2008 21/Apr/2008
$2,200 Studio at 11 Waverly Place Jakobson Properties 13/Feb/2009 21/Apr/2008
$2,200 Studio at 11 Waverly Place Jakobson Properties 01/Apr/2009 01/Mar/2008
$2,200 Studio at 11 Waverly Place Jakobson Properties 01/Oct/2008 09/May/2008
$2,200 Studio at 11 Waverly Place Jakobson Properties 01/Sep/2008 24/Apr/2008
$2,200 Studio at 11 Waverly Place Jakobson Properties 10/Aug/2008 21/Apr/2008
$2,200 Studio at 11 Waverly Place Jakobson Properties 01/Jan/2009 23/May/2008
$2,200 Studio at 11 Waverly Place Jakobson Properties 11/Aug/2008 01/Mar/2008
$2,200 Studio at 11 Waverly Place Jakobson Properties 14/Jun/2008 07/May/2008
$2,200 Studio at 11 Waverly Place Jakobson Properties 22/Aug/2008 21/Apr/2008
$2,200 Studio at 11 Waverly Place Jakobson Properties 01/Aug/2008 23/May/2008
$2,250 Studio at 21 East 9th Street JR Properties 01/Jun/2008 03/Jun/2008
$2,295 Studio at 220 Sullivan Street Sky Management 05/Jun/2008 04/Jun/2008
$2,350 Studio at 11 Waverly Place Jakobson Properties 01/Aug/2008 04/Jun/2008
$2,400 Studio at 11 Waverly Place Jakobson Properties 01/Jan/2009 16/Apr/2008
$2,400 Studio at 11 Waverly Place Jakobson Properties 01/Sep/2008 16/Apr/2008

Apartments in East Village:
$1,700 Studio at 112 East 7th Street Jakobson Properties 01/Jul/2008 08/May/2008
$1,700 Studio at 112 East 7th Street Jakobson Properties 01/Jul/2008 01/Mar/2008
$1,890 Studio at 514 East 5th Jakobson Properties 05/Jun/2008 04/Jun/2008
$1,900 Studio at 514 East 5th Jakobson Properties 05/Jun/2008 04/Jun/2008
$1,900 Studio at 516 East 5th Jakobson Properties 01/Aug/2008 04/Jun/2008
$1,900 Studio at 518 East 5th Jakobson Properties 01/Aug/2008 13/May/2008
$1,920 Studio at 514 East 5th Jakobson Properties 05/Jun/2008 04/Jun/2008
$1,950 Studio at 128 St. Marks Place Jakobson Properties 01/Jul/2008 07/May/2008
$1,950 Studio at 518 East 5th Jakobson Properties 01/Jul/2008 13/May/2008
$1,950 Studio at 516 East 5th Jakobson Properties 01/Aug/2008 04/Jun/2008
$1,950 Studio at 518 East 5th Jakobson Properties 01/Jun/2008 04/Jun/2008
$1,950 Studio at 516 East 5th Jakobson Properties 01/Jun/2009 04/Jun/2008
$1,950 Studio at 512 East 5th Street Jakobson Properties 01/Jul/2008 07/May/2008
$1,950 Studio at 422 East 14th Street Jakobson Properties 01/Oct/2008 21/Apr/2008
$1,980 Studio at 122 East 7th Street Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,000 Studio at 516 East 5th Jakobson Properties 16/Sep/2008 09/May/2008
$2,000 Studio at 102 St. Marks Place Jakobson Properties 11/Jun/2008 03/Jun/2008
$2,140 Studio at 128 St. Marks Place Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,200 Studio at 422 East 14th Street Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,300 Studio at 422 East 14th Street Jakobson Properties 01/Aug/2008 05/May/2008

Apartments in Financial District:
$2,200 Studio at 2 Gold Street Rockrose Development Corporation 05/Jun/2008
$2,250 Studio at 85 John The Kibel Company 10/Jun/2008 10/May/2008
$2,270 Studio at 99 John Rockrose Development Corporation 14/May/2008
$2,275 Studio at 99 John Rockrose Development Corporation 05/Jun/2008
$2,300 Studio at 100 Maiden Lane A.D. Real Estate Investors, Inc 01/Jul/2008 21/May/2008
$2,350 Studio at 85 John The Kibel Company 10/Jun/2008 23/May/2008
$2,350 Studio at 99 John Rockrose Development Corporation 05/Jun/2008
$2,400 Studio at 100 Maiden Lane A.D. Real Estate Investors, Inc 01/Jul/2008 21/May/2008
$2,425 Studio at 2 Gold Street Rockrose Development Corporation 22/May/2008
$2,450 Studio at 85 John The Kibel Company 10/Jul/2008 04/Jun/2008
$2,495 Studio at 45 Wall Street Rockrose Development Corporation 28/May/2008
$2,500 Studio at 100 Maiden Lane A.D. Real Estate Investors, Inc 05/Jun/2008 19/May/2008
$2,500 Studio at 85 John The Kibel Company 10/Jun/2008 04/Jun/2008
$2,530 Studio at 2 Gold Street Rockrose Development Corporation 23/Apr/2008
$2,575 Studio at 45 Wall Street Rockrose Development Corporation 05/Jun/2008
$2,595 Studio at 45 Wall Street Rockrose Development Corporation 28/May/2008
$2,600 Studio at 100 Maiden Lane A.D. Real Estate Investors, Inc 01/Jul/2008 21/May/2008
$2,700 Studio at 71 Broadway Equity Residential 01/Jul/2008 02/Jun/2008
$2,725 Studio at 85 John The Kibel Company 25/Jun/2008 04/Jun/2008
$2,780 Studio at 71 Broadway Equity Residential 02/Jul/2008 04/Jun/2008
$2,850 Studio at 100 Maiden Lane A.D. Real Estate Investors, Inc 01/Jul/2008 21/May/2008
$2,850 Studio at 45 Wall Street Rockrose Development Corporation 05/Jun/2008
$2,850 Studio at 45 Wall Street Rockrose Development Corporation 05/Jun/2008
$2,900 Studio at 100 Maiden Lane A.D. Real Estate Investors, Inc 05/Jun/2008 21/May/2008
$2,900 Studio at 100 Maiden Lane A.D. Real Estate Investors, Inc 01/Jun/2008 21/May/2008
$2,934 Studio at 71 Broadway Equity Residential 16/Jun/2008 30/May/2008

Apartments in Lower East Side:
$1,650 Studio at 156 Orchard Street S&H Equities 05/Jun/2008 30/May/2008
$1,950 Studio at 25 Clinton Jakobson Properties 20/Jul/2008 04/Apr/2008
$1,950 Studio at 25 Clinton Jakobson Properties 01/Aug/2008 20/May/2008
$1,950 Studio at 25 Clinton Jakobson Properties 25/Jun/2008 01/Apr/2008
$1,950 Studio at 25 Clinton Jakobson Properties 29/Jun/2008 05/May/2008
$1,950 Studio at 25 Clinton Jakobson Properties 01/Aug/2008 16/Apr/2008
$1,950 Studio at 25 Clinton Jakobson Properties 24/Dec/2008 25/Mar/2008
$1,950 Studio at 25 Clinton Jakobson Properties 10/Aug/2008 25/Mar/2008
$1,950 Studio at 25 Clinton Jakobson Properties 20/Jun/2008 23/May/2008
$1,950 Studio at 25 Clinton Jakobson Properties 20/Jun/2008 07/May/2008
$1,950 Studio at 25 Clinton Jakobson Properties 15/Jul/2008 04/Apr/2008
$2,000 Studio at 25 Clinton Jakobson Properties 01/Sep/2008 24/Apr/2008
$2,000 Studio at 25 Clinton Jakobson Properties 22/Aug/2008 03/Jun/2008
$2,000 Studio at 25 Clinton Jakobson Properties 10/Aug/2008 03/Jun/2008
$2,000 Studio at 25 Clinton Jakobson Properties 12/Aug/2008 07/May/2008
$2,000 Studio at 25 Clinton Jakobson Properties 02/Sep/2008 27/May/2008
$2,000 Studio at 25 Clinton Jakobson Properties 17/Aug/2008 05/May/2008
$2,600 Studio at 25 Clinton Jakobson Properties 22/Aug/2008 07/May/2008

Apartments in NoLiTa:
$2,595 Studio at 234 Mott Street 9300 Realty 01/Jul/2008 04/May/2008
$2,775 Studio at 50 Prince Abington Properties 10/Jun/2008 04/Jun/2008

Apartments in TriBeCa:
$2,695 Studio at Tribeca Tower Related Rentals 15/Jun/2008 31/May/2008
$2,695 Studio at 88 Leonard Street Rose Associates, Inc 04/Jun/2008

Apartments in West Village:
$2,000 Studio at 18 Cornelia Street Jakobson Properties 01/Jul/2008 03/Jun/2008
$2,000 Studio at 18 Cornelia Street Jakobson Properties 01/Oct/2008 25/Mar/2008
$2,050 Studio at 20 Cornelia Street Jakobson Properties 15/Aug/2008 14/May/2008
$2,200 Studio at 19-21 Grove Street Jakobson Properties 05/Jun/2008 03/Jun/2008
$2,350 Studio at 113 Christopher street Sky Management 05/Jun/2008 04/Jun/2008
$2,840 Studio at Morton Square Equity Residential 13/Jun/2008 05/Jun/2008
$3,000 Studio at 10 Downing Street Stonehenge Management LLC 10/Jun/2008 02/Jun/2008

Apartments in Chelsea:
$1,725 Studio at 337 West 30th Street B&L Management 01/Aug/2008 30/May/2008
$1,895 Studio at 237-239 Ninth Avenue Aimco 05/Jun/2008 02/Jun/2008
$1,955 Studio at The Carteret Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,130 Studio at The Carteret Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,130 Studio at The Carteret Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,140 Studio at The Carteret Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,150 Studio at The Carteret Jakobson Properties 01/Jun/2008 04/Jun/2008
$2,150 Studio at The Carteret Jakobson Properties 01/Aug/2008 09/May/2008
$2,160 Studio at The Carteret Jakobson Properties 01/Jun/2008 04/Jun/2008
$2,170 Studio at The Carteret Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,170 Studio at The Carteret Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,180 Studio at The Carteret Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,180 Studio at The Carteret Jakobson Properties 01/Jun/2008 04/Jun/2008
$2,195 Studio at 237-239 Ninth Avenue Aimco 05/Jun/2008 02/Jun/2008
$2,200 Studio at The Carteret Jakobson Properties 01/Nov/2008 20/May/2008
$2,200 Studio at The Carteret Jakobson Properties 01/Aug/2008 23/May/2008
$2,200 Studio at The Carteret Jakobson Properties 01/Jul/2008 04/Jun/2008
$2,200 Studio at The Carteret Jakobson Properties 01/Jun/2009 23/May/2008
$2,200 Studio at The Carteret Jakobson Properties 01/Jul/2008 04/Jun/2008
$2,200 Studio at The Carteret Jakobson Properties 01/Jul/2008 04/Jun/2008
$2,200 Studio at The Carteret Jakobson Properties 01/Jul/2008 13/May/2008
$2,200 Studio at The Carteret Jakobson Properties 05/Aug/2008 24/Apr/2008
$2,200 Studio at The Carteret Jakobson Properties 11/Jul/2008 23/May/2008
$2,200 Studio at The Carteret Jakobson Properties 07/Jul/2008 13/May/2008
$2,200 Studio at The Carteret Jakobson Properties 02/Sep/2008 28/Apr/2008
$2,200 Studio at The Carteret Jakobson Properties 16/Aug/2008 13/May/2008
$2,200 Studio at The Carteret Jakobson Properties 21/Aug/2008 28/Apr/2008
$2,200 Studio at The Carteret Jakobson Properties 11/Jul/2008 23/May/2008
$2,200 Studio at The Carteret Jakobson Properties 01/Jul/2008 13/May/2008
$2,250 Studio at The Carteret Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,280 Studio at The Carteret Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,280 Studio at The Carteret Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,300 Studio at The Carteret Jakobson Properties 05/Jun/2008 03/Jun/2008
$2,300 Studio at The Carteret Jakobson Properties 09/Jun/2008 07/May/2008
$2,300 Studio at The Carteret Jakobson Properties 01/Jul/2008 09/May/2008
$2,300 Studio at The Carteret Jakobson Properties 01/Aug/2008 24/Apr/2008
$2,350 Studio at The Carteret Jakobson Properties 16/Jan/2009 12/Mar/2008
$2,350 Studio at The Carteret Jakobson Properties 10/Jul/2008 04/Mar/2008
$2,350 Studio at The Carteret Jakobson Properties 09/Jul/2008 01/Mar/2008
$2,395 Studio at 237-239 Ninth Avenue Aimco 05/Jun/2008 02/Jun/2008
$2,400 Studio at The Carteret Jakobson Properties 18/Aug/2008 16/Apr/2008
$2,600 Studio at Chelsea Court B&L Management 01/Aug/2008 27/May/2008
$2,650 Studio at Chelsea Court B&L Management 01/Jul/2008 22/May/2008
$2,750 Studio at London Terrace Gardens Rose Associates, Inc 04/Jun/2008
$2,895 Studio at The Tate Related Rentals 07/Jun/2008 02/Jun/2008
$2,995 Studio at The Tate Related Rentals 05/Jun/2008 02/Jun/2008

Apartments in Flatiron District:
$2,475 Studio at Park 23 Abington Properties 01/Jul/2008 21/May/2008

Apartments in Garment District:
$2,565 Studio at Hudson Crossing Equity Residential 09/Jul/2008 04/Jun/2008
$2,610 Studio at The Magellan Hub Realty LLC 05/Jun/2008 16/May/2008
$2,625 Studio at The Magellan Hub Realty LLC 05/Jun/2008 16/May/2008
$2,650 Studio at The Olivia Stonehenge Management LLC 20/May/2008 03/Jun/2008
$2,675 Studio at Hudson Crossing Equity Residential 09/Jul/2008 04/Jun/2008

Apartments in Gramercy Park:
$2,300 Studio at 77 Fifth Avenue Bettina Equities Company, LLC 01/Oct/2008 03/Jun/2008

Apartments in Hell's Kitchen:
$2,100 Studio at 321 West 54th Street Bettina Equities Company, LLC 01/Aug/2008 16/May/2008
$2,290 Studio at The Helena Sidney Fetner Associates 01/Jun/2008 04/Jun/2008
$2,357 Studio at Archstone Clinton Archstone 09/Jun/2008 05/Jun/2008
$2,442 Studio at Archstone Clinton Archstone 07/Jul/2008 05/Jun/2008
$2,450 Studio at Park Towers South Goldfarb Properties 30/May/2008
$2,475 Studio at Stonehenge 56 Stonehenge Management LLC 06/Jun/2008 03/Jun/2008
$2,490 Studio at The Helena Sidney Fetner Associates 01/Jun/2008 04/Jun/2008
$2,492 Studio at Archstone Clinton Archstone 09/Jun/2008 05/Jun/2008
$2,537 Studio at Archstone Clinton Archstone 05/Jun/2008 05/Jun/2008
$2,597 Studio at Archstone Clinton Archstone 05/Jun/2008 05/Jun/2008
$2,622 Studio at Archstone Clinton Archstone 25/Jul/2008 04/Jun/2008
$2,625 Studio at Archstone Clinton Archstone 05/Jun/2008 02/Jun/2008
$2,627 Studio at Archstone Clinton Archstone 05/Jun/2008 05/Jun/2008
$2,635 Studio at Archstone Clinton Archstone 05/Jun/2008 22/May/2008
$2,650 Studio at The Biltmore The Jack Parker Corporation 05/Jun/2008 31/May/2008
$2,662 Studio at Archstone Clinton Archstone 12/Jun/2008 05/Jun/2008
$2,685 Studio at Archstone Clinton Archstone 30/Aug/2008 05/Jun/2008
$2,717 Studio at Archstone Clinton Archstone 20/Jun/2008 05/Jun/2008
$2,740 Studio at Archstone West 54 (The Foundry) Archstone 06/Aug/2008 01/Jun/2008
$2,742 Studio at Archstone Clinton Archstone 03/Jul/2008 04/Jun/2008
$2,747 Studio at Archstone Clinton Archstone 14/Jul/2008 05/Jun/2008
$2,760 Studio at Archstone West 54 (The Foundry) Archstone 09/Jun/2008 05/Jun/2008
$2,795 Studio at The Biltmore The Jack Parker Corporation 05/Jun/2008 31/May/2008
$2,807 Studio at Archstone Clinton Archstone 07/Jul/2008 05/Jun/2008
$2,817 Studio at Archstone Clinton Archstone 20/Jun/2008 05/Jun/2008
$2,827 Studio at Archstone Clinton Archstone 11/Jul/2008 05/Jun/2008
$2,990 Studio at Archstone Clinton Archstone 08/Jul/2008 04/Jun/2008

Apartments in Kips Bay:
$1,945 Studio at 207 East 27th Abington Properties 05/Jun/2008 19/May/2008
$2,100 Studio at 105 Lexington Avenue Bettina Equities Company, LLC 01/Jul/2008 04/Jun/2008
$2,325 Studio at 214 East 24th Abington Properties 01/Jul/2008 27/May/2008
$2,350 Studio at 221 East 33rd Street ATA Enterprises 05/Jun/2008 05/May/2008
$2,600 Studio at The Wilshire ATA Enterprises 01/Jun/2008 05/May/2008
$2,600 Studio at Manhattan Promenade ATA Enterprises 05/Jun/2008 22/May/2008
$2,625 Studio at 230 East 30th Abington Properties 26/Jun/2008 03/Jun/2008
$2,650 Studio at Manhattan Promenade ATA Enterprises 05/Jun/2008 22/May/2008
$2,695 Studio at Windsor Court Ogden CAP Properties, LLC 04/Jun/2008
$2,695 Studio at Windsor Court Ogden CAP Properties, LLC 16/May/2008
$2,700 Studio at 31 East 31st Street B&L Management 01/Jun/2008 02/May/2008
$2,800 Studio at Manhattan Promenade ATA Enterprises 01/Jun/2008 20/May/2008

Apartments in Midtown East:
$2,000 Studio at The Beaux Arts Brodsky Organization 05/Jun/2008 14/May/2008
$2,275 Studio at The Hawthorne Rose Associates, Inc 28/Apr/2008
$2,300 Studio at Ambassador East Carlyle Construction Corporation 05/Jun/2008 04/Jun/2008
$2,300 Studio at Ambassador East Carlyle Construction Corporation 05/Jun/2008 04/Jun/2008
$2,300 Studio at Ambassador East Carlyle Construction Corporation 05/Jun/2008 04/Jun/2008
$2,400 Studio at 300 East 51st Street The Kibel Company 05/Jul/2008 29/May/2008
$2,995 Studio at The Metropolis Rose Associates, Inc 01/Jun/2008

Apartments in Murray Hill:
$1,900 Studio at 327 East 34th Street Bettina Equities Company, LLC 05/Jun/2008 01/May/2008
$1,995 Studio at 130 East 37th Street Jakobson Properties 01/Aug/2008 05/May/2008
$2,050 Studio at Towne House Carlyle Construction Corporation 15/May/2008
$2,100 Studio at Towne House Carlyle Construction Corporation 05/Jun/2008 15/May/2008
$2,150 Studio at Dryden East Carlyle Construction Corporation 02/Jun/2008
$2,300 Studio at Dryden East Carlyle Construction Corporation 05/Jun/2008 15/May/2008
$2,700 Studio at 20 Park Avenue Stonehenge Management LLC 23/May/2008 03/Jun/2008
$2,700 Studio at 41 Park Avenue Stonehenge Management LLC 17/Jun/2008 02/Jun/2008
$2,750 Studio at 20 Park Avenue Stonehenge Management LLC 06/Jun/2008 02/Jun/2008
$2,795 Studio at The Montrose Rose Associates, Inc 06/Mar/2008
$2,895 Studio at The Montrose Rose Associates, Inc 11/May/2008
$2,900 Studio at Archstone- Murray Hill Archstone 12/Aug/2008 05/Jun/2008
$2,935 Studio at Archstone- Murray Hill Archstone 13/Jun/2008 05/Jun/2008

Apartments in Upper East Side:
$1,525 Studio at 525 East 83rd Street Sky Management 05/Jun/2008 04/Jun/2008
$1,595 Studio at 229 East 67th Abington Properties 01/Jun/2008 15/May/2008
$1,650 Studio at 425 East 77th Street Bettina Equities Company, LLC 15/Jun/2008 27/May/2008
$1,695 Studio at 425 East 80th Abington Properties 01/Jul/2008 27/May/2008
$1,695 Studio at 1582 First Avenue Aimco 05/Jun/2008 03/Jun/2008
$1,700 Studio at 404 East 88th Street Icon Realty Management LLC 05/Jun/2008
$1,725 Studio at 188 East 93rd Street Sky Management 05/Jun/2008 04/Jun/2008
$1,750 Studio at 343 East 76th Street B&L Management 15/Jun/2008 22/May/2008
$1,750 Studio at 1812 Second Avenue Eberhart Brothers 10/Jul/2008 08/May/2008
$1,793 Studio at 311 East 60th Street General Property Management 05/Jun/2008 29/May/2008
$1,800 Studio at 516 East 86th Street Bettina Equities Company, LLC 01/Jul/2008 06/May/2008
$1,800 Studio at 423 East 90th Bettina Equities Company, LLC 01/Aug/2008 27/May/2008
$1,800 Studio at 534 East 88th Street Skyline Developers 05/Jun/2008 16/May/2008
$1,825 Studio at 188 East 93rd Street Sky Management 01/Jun/2008 04/Jun/2008
$1,850 Studio at 165 East 90th Street Aimco 05/Jun/2008 04/Jun/2008
$1,850 Studio at 317 East 85th Street Bettina Equities Company, LLC 15/Jul/2008 20/May/2008
$1,850 Studio at 425 East 77th Street Bettina Equities Company, LLC 01/Jul/2008 27/May/2008
$1,850 Studio at 516 East 86th Street Bettina Equities Company, LLC 01/Aug/2008 15/May/2008
$1,850 Studio at 225 East 85th Street Bettina Equities Company, LLC 01/Sep/2008 03/Jun/2008
$1,850 Studio at 157 East 85th Street Bettina Equities Company, LLC 05/Jun/2008 03/Jun/2008
$1,850 Studio at 211-213 East 73rd Street Bettina Equities Company, LLC 01/Aug/2008 02/Jun/2008
$1,850 Studio at 425 East 77th Street Bettina Equities Company, LLC 01/Jul/2008 27/May/2008
$1,850 Studio at 317 East 91st Street Bettina Equities Company, LLC 01/Jul/2008 01/May/2008
$1,850 Studio at 451 East 83rd Street B&L Management 01/Jun/2008 08/May/2008
$1,875 Studio at 401 East 77th Street Bettina Equities Company, LLC 15/Jul/2008 27/May/2008
$1,900 Studio at 353 East 78th Bettina Equities Company, LLC 01/Aug/2008 02/Jun/2008
$1,900 Studio at 342 East 76th Street Icon Realty Management LLC 05/Jun/2008
$1,925 Studio at 229 East 89th Street Eberhart Brothers 03/Jul/2008 22/Apr/2008
$1,950 Studio at 169 East 91st Street Bettina Equities Company, LLC 01/Sep/2008 23/May/2008
$1,950 Studio at 235 East 81st Street Eberhart Brothers 01/Jul/2008 22/Apr/2008
$2,000 Studio at 404 East 88th Street Icon Realty Management LLC 05/Jun/2008
$2,095 Studio at 313 East 81st Street Eberhart Brothers 11/Jul/2008 21/May/2008
$2,095 Studio at 313 East 81st Street Eberhart Brothers 14/Jul/2008 21/May/2008
$2,095 Studio at 313 East 81st Street Eberhart Brothers 05/Jun/2008 02/Jun/2008
$2,100 Studio at 128 East 85th Street Bettina Equities Company, LLC 01/Aug/2008 04/Jun/2008
$2,100 Studio at 326 East 85th Street Icon Realty Management LLC 05/Jun/2008
$2,100 Studio at 326 East 85th Street Icon Realty Management LLC 05/Jun/2008
$2,200 Studio at 171 East 89th Street Bettina Equities Company, LLC 05/Jun/2008 28/May/2008
$2,200 Studio at 425 East 77th Street Bettina Equities Company, LLC 01/Jul/2008 23/May/2008
$2,300 Studio at 344 East 63rd Street B&L Management 01/Jul/2008 30/May/2008
$2,325 Studio at Normandie Court Ogden CAP Properties, LLC 02/Jun/2008
$2,350 Studio at Carnegie Hill Place @ 1500 Lexington Rose Associates, Inc 01/Jul/2008 02/Jun/2008
$2,450 Studio at 200 East 87th Olnick Organization, Inc. 05/Jun/2008 02/Jun/2008
$2,500 Studio at Stonehenge 63 Stonehenge Management LLC 07/May/2008 13/May/2008
$2,550 Studio at River East Rose Associates, Inc 01/Jun/2008
$2,595 Studio at Carnegie Park Related Rentals 25/Jul/2008 04/Jun/2008
$2,595 Studio at Ventura Related Rentals 05/Jun/2008 20/May/2008
$2,595 Studio at Carnegie Hill Place @ 1501 Lexington Rose Associates, Inc 01/Jul/2008 05/Jun/2008
$2,595 Studio at Carnegie Hill Place @ 1500 Lexington Rose Associates, Inc 01/Jul/2008 05/Jun/2008
$2,650 Studio at Carnegie Hill Place @ 1501 Lexington Rose Associates, Inc 05/Jun/2008 23/May/2008
$2,650 Studio at Carnegie Hill Place @ 1501 Lexington Rose Associates, Inc 05/Jun/2008 20/May/2008
$2,675 Studio at Carnegie Hill Place @ 1500 Lexington Rose Associates, Inc 05/Jun/2008 04/Jun/2008
$2,695 Studio at Carnegie Hill Place @ 1500 Lexington Rose Associates, Inc 01/Sep/2008 05/Jun/2008
$2,695 Studio at Carnegie Hill Place @ 1500 Lexington Rose Associates, Inc 05/Jun/2008 20/May/2008
$2,700 Studio at One Carnegie Hill Related Rentals 05/Jun/2008 01/Jun/2008
$2,795 Studio at Ventura Related Rentals 05/Jun/2008 03/Jun/2008
$2,795 Studio at Carnegie Hill Place @ 1500 Lexington Rose Associates, Inc 01/Jul/2008 05/Jun/2008
$2,825 Studio at One Carnegie Hill Related Rentals 05/Jun/2008 01/Jun/2008
$2,840 Studio at London House Equity Residential 10/Jul/2008 05/Jun/2008
$2,875 Studio at Gracie Mews Jack Resnick & Sons, Inc 18/Apr/2008
$2,895 Studio at The Monterey Related Rentals 05/Jun/2008 30/May/2008
$2,900 Studio at One Carnegie Hill Related Rentals 15/Jun/2008 22/Apr/2008
$3,000 Studio at Regency Towers Carlyle Construction Corporation 30/Apr/2008

Apartments in Upper West Side:
$1,181 Studio at 24 West 88th Pine Management 01/Jul/2008 05/Jun/2008
$1,650 Studio at 485 Central Park West The Heights Real Estate Company 28/Jan/2008
$1,795 Studio at 6 West 107th Street Stonehenge Management LLC 06/Jun/2008 03/Jun/2008
$1,900 Studio at 19 West 69th Street Jakobson Properties 03/Sep/2008 12/Mar/2008
$1,963 Studio at 78 Manhattan Ave Pine Management 05/Jun/2008 05/Jun/2008
$2,000 Studio at 19 West 69th Street Jakobson Properties 01/Jul/2008 28/Apr/2008
$2,000 Studio at 19 West 69th Street Jakobson Properties 01/Sep/2008 12/Mar/2008
$2,000 Studio at 19 West 69th Street Jakobson Properties 01/Jul/2008 28/Apr/2008
$2,000 Studio at 19 West 69th Street Jakobson Properties 01/Jul/2008 01/Mar/2008
$2,015 Studio at 19 West 69th Street Jakobson Properties 05/Jun/2008 04/Jun/2008
$2,100 Studio at 167 West 83rd Pine Management 01/Jul/2008 05/Jun/2008
$2,100 Studio at 207 West 80th Pine Management 05/Jun/2008 05/Jun/2008
$2,100 Studio at 55 West 105th Street Pine Management 01/Jul/2008 05/Jun/2008
$2,100 Studio at 207 West 80th Pine Management 01/Jul/2008 05/Jun/2008
$2,150 Studio at Parc Cameron Equity Residential 21/Feb/2008
$2,150 Studio at Parc Cameron Equity Residential 21/Feb/2008
$2,200 Studio at Parc Coliseum Equity Residential 04/Feb/2008
$2,200 Studio at Parc Coliseum Equity Residential 14/Jan/2008
$2,200 Studio at Stonehenge Village Stonehenge Management LLC 01/Jun/2008 03/Jun/2008
$2,250 Studio at Parc 77 Equity Residential 09/Apr/2008
$2,250 Studio at Parc 77 Equity Residential 09/Apr/2008
$2,375 Studio at The Concerto Brodsky Organization 01/Jun/2008 09/May/2008
$2,395 Studio at Stonehenge Towers Stonehenge Management LLC 06/Jun/2008 03/Jun/2008
$2,400 Studio at Trump Place Equity Residential 24/Jan/2008
$2,400 Studio at Trump Place Equity Residential 24/Jan/2008
$2,425 Studio at Embassy Towers Carnegie Hill Properties, LLC 15/Jun/2008 23/May/2008
$2,455 Studio at The Park Hudson Archstone 10/Sep/2008 03/Jun/2008
$2,465 Studio at The Park Hudson Archstone 05/Sep/2008 05/Jun/2008
$2,500 Studio at Parc 77 Equity Residential 11/Jan/2008
$2,595 Studio at Embassy Towers Carnegie Hill Properties, LLC 15/Jun/2008 23/May/2008
$2,595 Studio at The Sagamore Related Rentals 05/Jun/2008 27/May/2008
$2,600 Studio at Parc 77 Equity Residential 21/Feb/2008
$2,695 Studio at Dorchester Towers Ogden CAP Properties, LLC 02/Jun/2008
$2,700 Studio at Trump Place Equity Residential 24/Jan/2008
$2,735 Studio at South Park Tower Brodsky Organization 15/Jun/2008 04/Jun/2008
$2,750 Studio at Trump Place Equity Residential 24/Jan/2008
$2,750 Studio at Trump Place Equity Residential 24/Jan/2008
$2,795 Studio at The Sagamore Related Rentals 05/Jun/2008 22/May/2008
$2,800 Studio at The Park Hudson Archstone 05/Jun/2008 05/Jun/2008
$2,840 Studio at The Park Hudson Archstone 05/Jun/2008 05/Jun/2008
$2,850 Studio at Trump Place Equity Residential 15/Nov/2007
$2,855 Studio at The Park Hudson Archstone 09/Jun/2008 05/Jun/2008

Apartments in Central Harlem:
$1,250 Studio at 60 West 142nd Street Vantage Residential 30/May/2008
$1,275 Studio at 30 West 141st Street Vantage Residential 29/May/2008
$1,275 Studio at 30 West 141st Street Vantage Residential 29/May/2008
$1,275 Studio at 30 West 141st Street Vantage Residential 29/May/2008
$1,275 Studio at 30 West 141st Street Vantage Residential 29/May/2008
$1,300 Studio at 60 West 142nd Street Vantage Residential 30/May/2008
$1,310 Studio at Lenox Terrace Olnick Organization, Inc. 05/Jun/2008 31/May/2008
$1,313 Studio at 211 West 117th Street K&R Realty Management, Inc 05/Jun/2008 20/May/2008
$1,350 Studio at 420 St Nicholas Avenue Dakko Property Management 05/Jun/2008 22/Apr/2008
$1,360 Studio at Lenox Terrace Olnick Organization, Inc. 05/Jun/2008 31/May/2008
$1,420 Studio at Lenox Terrace Olnick Organization, Inc. 05/Jun/2008 21/May/2008
$1,450 Studio at 276 West 119th Street K&R Realty Management, Inc 05/Jun/2008 10/Mar/2008
$1,460 Studio at Lenox Terrace Olnick Organization, Inc. 05/Jun/2008 21/May/2008
$1,460 Studio at Lenox Terrace Olnick Organization, Inc. 05/Jun/2008 21/May/2008
$1,460 Studio at Lenox Terrace Olnick Organization, Inc. 05/Jun/2008 31/May/2008
$1,895 Studio at The Manhattan Court K&R Realty Management, Inc 09/Jun/2008 04/Jun/2008

Apartments in Inwood:
$1,100 Studio at 4996 Broadway Street The Heights Real Estate Company 28/Jan/2008
$1,100 Studio at 4996 Broadway Street The Heights Real Estate Company 28/Jan/2008

Apartments in Washington Heights:
$1,150 Studio at 66 Fort Washington Vantage Residential 23/May/2008
$1,200 Studio at 275 Fort Washington Avenue The Heights Real Estate Company 28/Jan/2008
$1,200 Studio at 275 Fort Washington Avenue The Heights Real Estate Company 28/Jan/2008
$1,300 Studio at 275 Fort Washington Avenue The Heights Real Estate Company 28/Jan/2008
$1,350 Studio at 961 St. Nicholas Avenue Vantage Residential 28/Apr/2008
$1,725 Studio at 1224 St. Nicholas Avenue Pine Management 05/Jun/2008 20/May/2008
$1,887 Studio at 1224 St. Nicholas Avenue Pine Management 01/Jul/2008 05/Jun/2008

Ignored comment. Unhide
Response by Jerkstore
over 17 years ago
Posts: 474
Member since: Feb 2007

Ouch.

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Response by zorter
over 17 years ago
Posts: 110
Member since: Apr 2008

You really are pretty sick, Steve

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Response by julia
over 17 years ago
Posts: 2841
Member since: Feb 2007

The bottom line....studio prices are coming down (rentals). To pay 440k is fine if you're going to live in the apt. but as an investment I don't think so, at least I wouldn't.

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Response by stevejhx
over 17 years ago
Posts: 12656
Member since: Feb 2008

zorter, and thesupertroopewerd, why are you being so unnecessarily nasty?

luis5acc asked for an opinion on what he wanted to do, so I gave him real information on what no-fee apartments costs in his price range, because that's what he's going to be competing with. Why are you so resistant to reality?

Why would anybody buy an investment property and knowingly lose money on the proposition?

And Julia, why would you pay more money to own an apartment than to rent one, since the outcome is the same: shelter?

That's why this market makes no sense, and that's why zorter and thesupertroopewerd don't like the truth, so they attack me. Go to nybits and see where all the professional property managers list their no-fee apartments. To think that you can charge more than that and actually get it is insane.

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Response by reaper
over 17 years ago
Posts: 118
Member since: Oct 2007

I own an apartment I bought in 2003 for 300,000.. Last year I was offered 600,000 for it... Last week I was offered 675,000 for it....

So, In supposedly the downturn of NYC RE, I gained 75,000.... People assume others are putting down 20%, what if they have CASH???

I'd look around a lot, get a feel for the market in specific areas and yeah, there's no reason not to try to get a bargain - just like buying anything else, a car, a camcorder, a computer.

My problem has been finding places and coops that allow you to rent it out at will....

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Response by luis5acc
over 17 years ago
Posts: 81
Member since: Oct 2007

Hi, was going to get an interest - only loan for 5 years and then flip it. Monthlies are 350mo and tax 40 mo. It should be ready next year.

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Response by stevejhx
over 17 years ago
Posts: 12656
Member since: Feb 2008

"get an interest - only loan for 5 years and then flip it."

You're out of your mind.

"I bought in 2003 for 300,000.. Last year I was offered 600,000 for it... Last week I was offered 675,000."

You think that's going to last? Or that it won't fall back to $300,000? Incomes have not doubled in 5 years. Property prices can't go up faster than incomes. Everywhere else in the world where prices shot up, they are collapsing. New York is the last.

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Response by stevejhx
over 17 years ago
Posts: 12656
Member since: Feb 2008

And it's new construction!

Dude, your five years behind the boom. Give up the idea now, stay home and watch Suze Orman tomorrow night.

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Response by dmag2020
over 17 years ago
Posts: 430
Member since: Feb 2007

haha. steve da man.

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Response by reaper
over 17 years ago
Posts: 118
Member since: Oct 2007

Steve... You really think a 1 bedroom coop on the park in Gramercy is going to fall back to 300,000???

I'm selling - So, if that's true then great - But, I gotta tell you as I walk around that area every day IT'S KILLING ME.... I love that area so much and I think that area is going to continue to rise and in 5 years from now it won't shock me at all if that 1 Bed room is 1,000,000.....

I'm selling cuz I can't rent it out as much as I wan't being that it's a coop... But, I think NYC is unlike any other market with an overall limited supply in the greatest city in the world - Then take an area like Gramercy and you're talking one of the greatest areas in the greatest city...

You seem to throw around a lot of numbers and generalizations that don't apply to many of the discussions IMO.

But, overall I like it - It sparks talk - Someone has to be "The Radical" guy.

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Response by stevejhx
over 17 years ago
Posts: 12656
Member since: Feb 2008

reaper - yup. It's happened before and it'll happen again.

I love GP myself, but prices can't go up unless incomes increase and/or credit is easy. Incomes are currently falling, credit is tight.

"I think it's going to continue to rise...."

Based on what do you think that? You'd need to make $200k just to afford the mortgage on that "million dollar property." Closer to $300k to afford it with maintenance. Using the 28% ratio. How many people in Manhattan make that much money?

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