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Old 10-03-2019, 08:58 AM
 
4 posts, read 1,564 times
Reputation: 15

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Hello my wife and I are looking to move back to Boulevard East. We lived on Blvd East for many years and looking to buy and move soon. Coming from in NYC, moving because I won't be working in the city but want to have easy access when we do need to get into town.

We want to buy, budget up to $400K+/-
Just starting to look, going to check the Versailles. I notice the ads don't include tax or maintenance. Does anyone have good, bad or other info on the Versailles?

When we lived there neighbors in The Galaxy would complain about mgt and maintenance-has this gotten better?

Three things that are important to me in order of importance: Proximity/view of NYC, restaurants & stores close, public transportation.

THANKS!
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Old 10-03-2019, 09:10 AM
 
Location: New Jersey
1,731 posts, read 3,167,774 times
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You do know that $400K is an austere budget for that locale, right ?
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Old 10-03-2019, 09:36 AM
 
Location: Union City, NJ
1,599 posts, read 1,000,868 times
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Quote:
Originally Posted by JG183 View Post
You do know that $400K is an austere budget for that locale, right ?
That’s a good budget for a co-op in the area, which it sounds like that’s what OP is looking at.
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Old 10-03-2019, 06:20 PM
 
4 posts, read 1,564 times
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Quote:
Originally Posted by JG183 View Post
You do know that $400K is an austere budget for that locale, right ?


Yes, I'm looking for a 2 bedroom and I saw several in the $400K range during my preliminary search online.

I hope maintenance/taxes are not not sky high, That can be a deal breaker; they weren't mentioned in the listings.

It would be great to hear some comments about the buildings, maintenance, management, condo board, etc.
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Old 10-06-2019, 04:07 PM
 
4 posts, read 1,564 times
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Default Buildings on Blvd East

I read some of the comments about Blvd East buildings on apartmentratings and always like to keep in mind that negative comments may be from someone who just wants to vent.

I'm looking for your updated opinions on the luxury high rise buildings on Blvd East. First choice? Any to avoid, and why?

Thanks!
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Old 10-07-2019, 03:40 PM
 
117 posts, read 182,420 times
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the co-op maintenance fees include HOA + taxes. For a 2BR i think they would be very high (maybe $1500/mo?). Check Zillow.com, they have lots of listings which should include the monthly fees.
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Old 10-15-2019, 08:06 AM
 
4 posts, read 1,564 times
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Quote:
Originally Posted by shadowsjc View Post
the co-op maintenance fees include HOA + taxes. For a 2BR i think they would be very high (maybe $1500/mo?). Check Zillow.com, they have lots of listings which should include the monthly fees.
thanks Shadow
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Old 10-15-2019, 01:54 PM
 
8,736 posts, read 5,650,242 times
Reputation: 10126
Be sure to also check FEMA to confirm that you are not in the flood zone.

A nice site that also states the HOA is https://www.njmls.com/

Also, a nice incentive from NJ - https://www.nj.gov/dca/hmfa/homeownership/buyers/dpa/
"The NJHMFA state-wide Down Payment Assistance Program (DPA) provides $10,000 for qualified first-time homebuyers to use as down payment and closing cost assistance when purchasing a home in New Jersey. The DPA is an interest-free, five-year forgivable second loan with no monthly payment."

I plan to buy next year in NJ too.
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Old 10-15-2019, 06:39 PM
 
Location: Union City, NJ
1,599 posts, read 1,000,868 times
Reputation: 2214
Quote:
Originally Posted by Mr. Ryu View Post
Be sure to also check FEMA to confirm that you are not in the flood zone.

A nice site that also states the HOA is https://www.njmls.com/

Also, a nice incentive from NJ - https://www.nj.gov/dca/hmfa/homeownership/buyers/dpa/
"The NJHMFA state-wide Down Payment Assistance Program (DPA) provides $10,000 for qualified first-time homebuyers to use as down payment and closing cost assistance when purchasing a home in New Jersey. The DPA is an interest-free, five-year forgivable second loan with no monthly payment."

I plan to buy next year in NJ too.
If it’s interest-free, there’s no monthly payment, and it’s “forgivable”... is it really a loan? Sounds like a grant to me.
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Old 10-16-2019, 04:33 AM
 
8,736 posts, read 5,650,242 times
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Quote:
Originally Posted by HudsonCoNJ View Post
If it’s interest-free, there’s no monthly payment, and it’s “forgivable”... is it really a loan? Sounds like a grant to me.
I agree. You have to also stay at that residence for 5 years for the loan to be forgiven.
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