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Old 12-01-2011, 12:23 PM
 
64 posts, read 188,390 times
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I grew up in New York and live in Queens. We are considering to move to Long Island. I work in Long Island City and my wife works in Chelsea. My daughter is in daycare at 3 years old. I'm not familiar with Long Island, but I hear that Great Neck and Bayside is good. Any that you recommend? Price range would be around 600K-700k.

I hear schools are good in Long Island, so I'm not concern about that. I would like to be near the LIRR. Preferably someplace where I can walk even though it might be 15mins. Also, I would like to get the best bang out of my buck. I would like to buy the largest house that I can with my money. A nice size yard is a plus.
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Old 12-01-2011, 02:13 PM
 
Location: Long Island
9,038 posts, read 18,366,398 times
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Quote:
Originally Posted by newy0rker View Post
I grew up in New York and live in Queens. We are considering to move to Long Island. I work in Long Island City and my wife works in Chelsea. My daughter is in daycare at 3 years old. I'm not familiar with Long Island, but I hear that Great Neck and Bayside is good. Any that you recommend? Price range would be around 600K-700k.

I hear schools are good in Long Island, so I'm not concern about that. I would like to be near the LIRR. Preferably someplace where I can walk even though it might be 15mins. Also, I would like to get the best bang out of my buck. I would like to buy the largest house that I can with my money. A nice size yard is a plus.

Bayside is in Queens - does that matter to you?
When local residents refer to "Long Island", they mean Nassau and Suffolk Counties (Great Neck is in Nassau County). Geographically, Queens is part of Long Island, but is one of the five NYC boroughs (are you properly confused? ).
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Old 12-01-2011, 02:15 PM
 
Location: under the beautiful Carolina blue
15,744 posts, read 23,977,253 times
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Quote:
Originally Posted by newy0rker View Post
. I would like to buy the largest house that I can with my money. A nice size yard is a plus.
How about telling us your budget. No sense in telling you about a great town where the houses start at $600K if you don't want to go above $400K.
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Old 12-01-2011, 02:17 PM
 
Location: Long Island
9,038 posts, read 18,366,398 times
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Originally Posted by twingles View Post
How about telling us your budget. No sense in telling you about a great town where the houses start at $600K if you don't want to go above $400K.
The OP made the following budget statement: "Price range would be around 600K-700k."
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Old 12-01-2011, 02:20 PM
 
Location: under the beautiful Carolina blue
15,744 posts, read 23,977,253 times
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Der.
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Old 12-01-2011, 02:22 PM
 
64 posts, read 188,390 times
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I always thought Bayside would be considered Long Island. It doesn't matter to me if it's not Long Island. =)
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Old 12-01-2011, 02:44 PM
 
Location: Nassau, Long Island, NY
16,416 posts, read 27,941,732 times
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Quote:
Originally Posted by newy0rker View Post
I grew up in New York and live in Queens. We are considering to move to Long Island. I work in Long Island City and my wife works in Chelsea. My daughter is in daycare at 3 years old. I'm not familiar with Long Island, but I hear that Great Neck and Bayside is good. Any that you recommend? Price range would be around 600K-700k.

I hear schools are good in Long Island, so I'm not concern about that. I would like to be near the LIRR. Preferably someplace where I can walk even though it might be 15mins. Also, I would like to get the best bang out of my buck. I would like to buy the largest house that I can with my money. A nice size yard is a plus.
First off, I will tell you about tax differences between Bayside and Great Neck.

Bayside = NYC Resident Income Tax BUT much lower property taxes

Great Neck = no local income tax BUT much higher property taxes

Which one is better for you depends on how much your family's annual income is.

Regarding your budget, while a respectable figure, in Great Neck and Bayside, you will not get much bang. Out of 143 houses for sale in Bayside, there are only 29 in your price range. Out of 191 houses for sale in Great Neck, there are only 14 in your price range. However, if you are really set on one of these areas, then you have to get into the mindset of "it is what it is" ... and settle for something a little more modest (but still a perfectly nice home) than what you might have imagined.

Your "walk LIRR" requirement is also hard to meet anywhere. And often walk LIRR also means hearing the noise of the LIRR at all hours.

If you want bigger and better for your budget, you need to consider areas in LI that are more to the south and east.

Search MLSLI.com to see what I mean.
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Old 12-01-2011, 02:54 PM
 
166 posts, read 447,609 times
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I am biased, but I went through a similar experience. I lived in LIC, and worked in the city. We started the search in bayside, douglaston, little neck, great neck, manhasset, and then finally saw things in terms of "bang for your dollar" in Port Washington. Your milage will vary.

In terms of commute into the city... yes you don't get the added trains of the great neck line that services bayside, but if you want a 6 minute walk to the lirr station, on tree lined streets, with the most house and backyard for the $$$... then it's hard to beat port washington for the price range of $600-$700k. In fact, you have a good handful of options right now... at discounted prices to when I was looking. These aren't your bottom of the barrel homes either. Many are fairly updated.
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Old 12-01-2011, 02:58 PM
 
64 posts, read 188,390 times
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I_Love_LI_but:
- What's considered a high income tax? eg 28% and up?

- Would 700k buy 1800 square foot?

- You have a good point. Walkable to LIRR would be rather noisy. Do people usually drive to LIRR and park?

- If I want bigger and better bang for my buck, which area would you recommend? I would still like to have a 1hr or less commute.

Jshlee. Thanks I will check out Port washington. Would you consider it about an hr commuting to the city?
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Old 12-01-2011, 03:23 PM
 
166 posts, read 447,609 times
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newy0rker, I have to agree with I_Love_LI_but in regards to taxes... if you are a high income earner, then it's more cost effective to live out in the suburbs to avoid the paying additional NYC taxes. Basically you have to do the math to see the diff between the Real Estate taxes paid in a house in Bayside verses LI and then see if the additional NYC income taxes is more then the diff (in which case living in the suburbs is more tax efficient.) Of course other variables are at play, but the NYC income taxes are fairly significant.

There is roughly an additional 10 minutes to the commute time compared to great neck. Bare in mind that there are additional trains going local to/from great neck, so there is an added commuter benefit to living in bayside/great neck. You can see for yourself at mta.info | Home Page for the timetables.



Quote:
Originally Posted by newy0rker View Post
I_Love_LI_but:
- What's considered a high income tax? eg 28% and up?

- Would 700k buy 1800 square foot?

- You have a good point. Walkable to LIRR would be rather noisy. Do people usually drive to LIRR and park?

- If I want bigger and better bang for my buck, which area would you recommend? I would still like to have a 1hr or less commute.

Jshlee. Thanks I will check out Port washington. Would you consider it about an hr commuting to the city?
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