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Old 08-27-2019, 08:19 AM
 
Location: Union City, NJ
1,599 posts, read 1,000,868 times
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One of those is not in Bergen County.

Another one is a co-op, not a condo.

And another one is above the OP's stated budget.
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Old 08-27-2019, 08:49 AM
 
3,821 posts, read 2,328,548 times
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Quote:
Originally Posted by foodyum View Post
Fort lee is doable.
I think the exorbitant monthly maintenance fees for the Fort Lee coops make them unaffordable, no matter what the purchase prices are.
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Old 08-27-2019, 09:44 AM
 
137 posts, read 93,299 times
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Originally Posted by zhelder View Post
[QUOTE=vividvirgo;56014762]Hi everyone,


That’s a real low budget, honestly. You might be able to find something in Hackensack, or, with some perseverance, maybe Fort Lee.

It’s gonna be tough.

fort lee? that's not going to happen. ever.
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Old 08-27-2019, 03:23 PM
 
898 posts, read 611,331 times
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Quote:
Originally Posted by Shoshanarose View Post
I think the exorbitant monthly maintenance fees for the Fort Lee coops make them unaffordable, no matter what the purchase prices are.
The monthly maintenance is around 1k per month for a 1 bedroom give or take a hundred. That includes prking, heat, cable, prop taxes(supporting good schools and police) building maintenance including maybe a pool, tennis, gym, nice landscaping, a doorman, laundry room, nice lobby, game room, security cameras. That is not exorbitant in my book especially since I know what that stuff costs in a sfh, the property taxes probably account for at least half the monthly fee. Plenty of 1 bed coops for under 150k in ft lee. Plus commuting is super cheap with some buildings even offering free shuttles or walk to the bridge for a free carpool ride.
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Old 08-28-2019, 08:31 AM
 
Location: Union City, NJ
1,599 posts, read 1,000,868 times
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Quote:
Originally Posted by foodyum View Post
The monthly maintenance is around 1k per month for a 1 bedroom give or take a hundred. That includes prking, heat, cable, prop taxes(supporting good schools and police) building maintenance including maybe a pool, tennis, gym, nice landscaping, a doorman, laundry room, nice lobby, game room, security cameras. That is not exorbitant in my book especially since I know what that stuff costs in a sfh, the property taxes probably account for at least half the monthly fee. Plenty of 1 bed coops for under 150k in ft lee. Plus commuting is super cheap with some buildings even offering free shuttles or walk to the bridge for a free carpool ride.
I don’t think someone looking at the 150k price point is looking to pay $1700-1800 a month for a 1 bedroom.
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Old 08-28-2019, 08:41 AM
 
898 posts, read 611,331 times
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Quote:
Originally Posted by HudsonCoNJ View Post
I don’t think someone looking at the 150k price point is looking to pay $1700-1800 a month for a 1 bedroom.
How much do you think they are looking to pay? Do they expect to pay property tax and and costs associated with maintenance, heat, cable, etc.
If they are uninterested in amenities, you can find maintenances for 6-700 month. With the commuting savings I think it’s the best option for a nice community.
https://www.coldwellbankerhomes.com/.../pid_28256683/
500 maintenance that sold for 122k.

Last edited by foodyum; 08-28-2019 at 08:50 AM.. Reason: Add link
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Old 08-28-2019, 09:00 AM
 
Location: Union City, NJ
1,599 posts, read 1,000,868 times
Reputation: 2214
Quote:
Originally Posted by foodyum View Post
How much do you think they are looking to pay? Do they expect to pay property tax and and costs associated with maintenance, heat, cable, etc.
If they are uninterested in amenities, you can find maintenances for 6-700 month. With the commuting savings I think it’s the best option for a nice community.
https://www.coldwellbankerhomes.com/.../pid_28256683/
500 maintenance that sold for 122k.


I'm not saying that's not a good value but if the monthly budget is going to be that high than he might as well stretch the budget to 225k which would open up a lot more options for condos in Bergen County and he might not have to settle for a 1 br. That would also allow him to avoid the hoops you have to jump through when dealing with co-ops.
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