What was your first place like in NYC and how much did you spend? (Hudson: real estate market)
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I am currently in my first place and I am most likely going to renew my lease since I really like the place.
Studio apartment in Chelsea on 8th Ave
Rent: $2200
Utilities: $50 average for electric sometimes higher (summer) sometimes lower
Furniture: bought it all in Ohio and moved it here. Value City Furniture. Nice stuff and its holding up well.
Remodeling: none
In 1991, I bought a 1 bedroom co-op in Holliswood, Queens for $38K.
Very nice, safe, quiet neighborhood on a hill, close to the major highways. The building had an elevator, laundry facilities, was immaculate and I had great neighbors.
Bought my living room set from Jennifer Convertibles for about $1K, paid for with a Household Finance loan. I still have the love seat.
Brought other furniture from my parents' house.
Painted it myself.
Eventually got a new frig, stove and air conditioner that maybe cost $2K total.
I sold it in 2000 at a loss for $32K.
Bought a 2BR in the same building for $60K.
Sold it is 2006 for $170K.
The real estate market here is crazy.
LOL,my first place was a penthouse apartment on Riverside Drive and 105th St ! The rent was 275/mo and I had a roommate so my share was $137.50 including gas and elec.The roof garden had sweeping views of The Hudson.Loved that place.Obviously my life has been downhill ever since.
Actually it was an apartment created out of maid's quarters on the top of a townhouse.A garret ??? It was a wreck and it had a weird little elevator only big enough for 2 people that crawled at a snail's pace and you had to get off on the floor below(4th fl) and walk up a narrow winding stair to the apartment.It was a leaking roach infested wreck of a building but it did really have a roof outside my kitchen door that was right on the river with unbelievable views of the river and Riverside Park.I grew 10' marijuana plants in tubs on the roof !
$500 for 9x9 bedroom in rat/roach infested building in West Harlem
My share of utilities- $35-50 (Con Ed/Internet, no cable or anything like that)
Decor- Cheap Ikea stuff. I knew I'd be moving in with my BF within a year, so no point in getting anything major
$1050 a month for a shoebox 600 sq bedroom in arverne (the rockaways)
roaches
no intercom
the super was a lady in her 70s
sometimes no hot water or heat
now i moved 2 blocks away to my co-op apt
no roaches
i have heat all the time
the building just got a brand new elevator today
and my neighbors dont complain when i blast my music on weekends
and i can do whatever i want with the place
and its actually about $300 p/mo cheaper than when i rented
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
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