buy a COOP in port chester (Armonk: for sale, apartment complex, employment)

[rongrong8585]

I am looking for a small apartment to buy in westchester area. I just want to find a place safe and close to work( I am working in Armonk area). When I did the search online, I found a lot coop apartment in port chester. The price is very reasonable. I am just wondering why there is at least 5 or 6 coop apartment available in port chester.

Is it a good investment to buy a coop apartment in port chester? Is it hard to resale the coop apartment in future? It is so wired to see many similar property on sale at the same time. I wonder there must be something wrong with those building, but I have no idea how to find them out.

Any suggestion about buying a small apartment in westchester area? My price line is lower than $150,000 and my concern is safe and closed to work.

[EdJones]

Not sure about that area, so can't comment about that.

Now, about having many units available for sale, that should be a concern ONLY if they are withing the same apartment complex.

Why? Because in a coop share holders have to carry with the monthly expenses for the entire building, not their individual apartments. The more empty units you have, the more stress that puts in the share holder's pockets.

Now, if you are talking about apatments for sale in different buildings, that shouldn't be too big of a concern. However, you should do a Google search for the statistics of that specific town: employment rate, crime, school systems, etc.

This website is a good start for that

[rongrong8585]

thanks so much.