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What borough? What neighborhood? $200k-$500k is not going to happen. Unless it is a shoebox in a bad building or bad neighborhood.
Buying is expensive. Closing costs in NYC are very, very high. If the price looks good then look at maintenance costs. Some are more than what you would pay in rent.
Buying should also be a long-term decision. If you're going to sell again within a couple years, it's not worth it.
From your $200-500k guess of prices, I'm going to go out on a limb that you're not from here. Do you currently live or work in NYC?
What borough? What neighborhood? $200k-$500k is not going to happen. Unless it is a shoebox in a bad building or bad neighborhood.
Buying is expensive. Closing costs in NYC are very, very high. If the price looks good then look at maintenance costs. Some are more than what you would pay in rent.
Buying should also be a long-term decision. If you're going to sell again within a couple years, it's not worth it.
From your $200-500k guess of prices, I'm going to go out on a limb that you're not from here. Do you currently live or work in NYC?
Consider neighborhood, cost,
You can easily get a +900sqf 1br apartment in Kew Gardens, Forest Hills, Sunnyside, Astoria, Bay Ridge, Kenigston and many other parts of the city with 500k. And none of those are bad neighborhoods.
If you are serious about buying. Find yourself a broker, he will do the homework for you and answer all of your questions to help you navigate the NYC real estate world. The seller pays the buyer's broker anyway, which is no cost to you.
Even if you're not seriously buying. I'm sure they will answer your questions in good faith.
You should really do some research if you're serious about buying a place since it seems you have no idea what places go for. A "decent" area means many different things to many different people.
You can easily get a +900sqf 1br apartment in Kew Gardens, Forest Hills, Sunnyside, Astoria, Bay Ridge, Kenigston and many other parts of the city with 500k. And none of those are bad neighborhoods.
You can even get a 2Br if you do your homework.
Yes definitely you can. I live in Briarwood/Kew Gardens and know the prices here well.
But I assumed OP is asking about Manhattan. That's why I asked to clarify the borough. Adding in the maintenance/closing it becomes much more expensive. I've been looking! Though for more than 900 sq feet.
You're asking about a condo and not a co-op, correct? Most of the condos I have come across are new(er) construction. You're really not going to find much at the $200K range and this is including in the more "sketchy" neighborhoods. At the $500K point you'll find new construction condos in Harlem, lots in East Harlem specifically. You'd be able to find a 1 bedroom in Harlem at that price and probably some two bedrooms too. If Harlem is not your cup of tea, most (if not all) places south of Harlem that are indeed condos (not co-ops) will be studios below that $500K price point-- and the're are probably not that many. In Brooklyn there are a lot of new construction condos. You still would be hard pressed to find anything around $200K but there would be enough options in the range of $400-$500K- from studios to 2 bd rooms depending on the neighborhood. Also, keep in mind that with new construction, your closing costs would be 5% of the price (unless you can negotiate some of that cost). You might want to use streeteasy.com to start your search.
You're asking about a condo and not a co-op, correct? Most of the condos I have come across are new(er) construction. You're really not going to find much at the $200K range and this is including in the more "sketchy" neighborhoods. At the $500K point you'll find new construction condos in Harlem, lots in East Harlem specifically. You'd be able to find a 1 bedroom in Harlem at that price and probably some two bedrooms too. If Harlem is not your cup of tea, most (if not all) places south of Harlem that are indeed condos (not co-ops) will be studios below that $500K price point-- and the're are probably not that many. In Brooklyn there are a lot of new construction condos. You still would be hard pressed to find anything around $200K but there would be enough options in the range of $400-$500K- from studios to 2 bd rooms depending on the neighborhood. Also, keep in mind that with new construction, your closing costs would be 5% of the price (unless you can negotiate some of that cost). You might want to use streeteasy.com to start your search.
Oh well that's where you'd get the most bang for you buck for sure. Parkchester is a condo complex (and a big one). I looked at Parckchester a few years ago and didn't really like the layout of the apartments. The kitchens are too cramped for my taste. Other than that, the complex seems well run and has good amenities.
I just did a quick search on streeteasy and looks like there are also a lot of of condos under $500K in and around Riverdale. Other than those two areas, Parkchester & Riverdale, there doesn't seem to be much of a condo market in the BX, it's mostly co-ops.
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Though for more than 900 sq feet.
