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Old 09-06-2016, 06:39 AM
 
71,550 posts, read 71,730,589 times
Reputation: 49155

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Quote:
Originally Posted by Perryinva View Post
$1700/mo is a real steal for a nice place in a nice part of Queens. My neice had been looking for an apt in decent parts of Brooklyn and 1 bedroom railroad apts in split up homes 3 -4 blocks from a stop are that much.
the only problem with our area is there is no subway . you have to take the long island rail road to manhattan which is expensive or take the bus which i did once and will never do again . if you work in the city it can be a costly trip monthly on the LIRR . the LIRR where we are does not go east either to the hamptons or montauk .

it is a different run on the line not easily accessed .
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Old 09-06-2016, 07:00 AM
 
1,040 posts, read 485,060 times
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Originally Posted by mathjak107 View Post
it sure can be that high , but we don't live in manhattan . we live in a nice part of queens . our rents are rent stabilized . at 20k a year they are a steal where we are .

half of all housing in nyc or the boroughs falls under being stabilized . that does not mean rents are cheap . your rent just depends on how long you have been in the apartment and whether you were there for the days when rents were used to win votes decades ago . my wife is here 35 years .

market rate is about 30k a year for our apartment at this point . on the other hand our tenants in the apartments we own in manhattan are at almost 1/2 market rate since values have shot up so much and they are original tenants since before the co-op conversion so they remain stabilized .
We live in rent stabilized apt in midtown Manhattan...same apt since 1994..I'm very grateful....
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Old 09-06-2016, 10:48 AM
 
71,550 posts, read 71,730,589 times
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while rent increases up to last year were very real world there are still quite a few benefits to being stabilized . that is why we are still on the fence as far as buying a co-op next year .

basically whether we live here or there is transparent to our lifestyle .
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