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A Family Considers 2BR's Under $900K

Started by spinnaker1
almost 17 years ago
Posts: 1670
Member since: Jan 2008
Discussion about
Every Sunday we pack up our 3yr old and hit the open houses. We have limited the upper end of our searches to approx $1.3M. Rather than looking at the higher end of what we can afford, today we decided to see how low we could go and still be comfortable. It was an empowering exercise for us and the best day of looking in 6 months. Here were two standouts. 229 west 97th St. Apt 5J $899K / $1170... [more]
Response by UWSer
over 16 years ago
Posts: 158
Member since: Feb 2009

Spinnaker - Your commentary on the recent market matches my experience. Congrats on your new home. If you broke your budget, I bet it is a SWANK apt. Good luck with everything.

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Response by aboutready
over 16 years ago
Posts: 16354
Member since: Oct 2007

spinnaker, congrats and enjoy.

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Response by NWT
over 16 years ago
Posts: 6643
Member since: Sep 2008

Congrats, spinnaker1.

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Response by aratner
over 16 years ago
Posts: 27
Member since: Jan 2009

Also on the under $900k search for a 2/2 on UES or UWS... Saw a few today:

http://www.streeteasy.com/nyc/sale/407347-condo-129-west-89th-street-upper-west-side-new-york
This apt was great! We really enjoyed it. The finishes are top of the line!!! BUT it's about 6 blocks too far north.

http://www.streeteasy.com/nyc/sale/385672-coop-101-west-81st-street-upper-west-side-new-york
These two apts are next door to each other. Both are duplexes, the top floors are nice, but the bedrooms are in the basement!!!!

http://www.streeteasy.com/nyc/sale/408044-condo-130-west-79th-street-upper-west-side-new-york
Didn't see this one, but skeptical about how small it seems ... anyone seen it??

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Response by nyc10022
over 16 years ago
Posts: 9868
Member since: Aug 2008

"if he spends 800k on an apartment and the market declines 25% he's out 200k--which is bad--but if he spends 1.3 million he's out 325k. given that his range only extends up to 1.3, i'm assuming that he would be able to financially survive the 200k hit a lot more easily than the 325"

But these aren't the only choices. Not losing anything would be a better bet...

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