My dad showed me the listing for the Ditmas Park condo yesterday and said, "Do you remember? This is where we lived when you were born." It was 1969 - the rent was $140 month!
The Flatiron studio - Aahhhhh the perfect place for foreign drug czars and oligarchs to invest their ill gotten gains!
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Flatiron studio condo that includes a washer and dryer for close to 1,500,000 - utterly absurd - coming from a New York City native!
Good luck getting that price with so many other NYC apartments on the market for more space and less money!
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$1.4 million for a studio with no closets in an ok neighborhood. Ludicrous. Good luck with that.
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I just roughly crunched the numbers on the Flatiron studio. Assuming it requires the typical 20% NYC down payment, that $285,000 down. The monthly costs run about $7,184.
I'm scratching my head as to who buys this. I assume it's the super-wealthy who use it periodically when visiting the city on business or pleasure, or maybe it's a "starter" place for their kids. I can't see too many full-time residents jumping at it. You would need a salary of about $300K a year and I imagine most people in that category would rather not live in a studio.
It looks beautiful, but I worry that these kind of places aren't great for the neighborhoods around them. Without full-time residents, the retail, food stores, and restaurants may wither.
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I am glad I own a house in the south with a yard, though the washer and dryer are out in another room and I have to go to the outdoors to get to it, the room is heated if I want it so. I am not sure I could handle an apartment again.
Of the three on offer the FlatIron is the only one I liked. Though I don't need 3 bedrooms I'd make one of them a library sitting area.
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A good friend who hails from Arkansas was recounting her parents' home;
six acres, with a pond, space for horses, and 45 minutes from the next biggest town. It sounds lovely for people who crave solitude and space!
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I'd like a large condo in central Manhattan but I can't afford it so if someone could buy one for me that'd be swell.
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