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I noticed your listings were mostly 2-3 bedrooms. I'd be more interested in just a studio condo. Any idea how much of a difference that would make?
I couldn't find anything besides these on the MLSLI. Maybe there aren't very many studio condos in this price range. The thing with condos is that they tend to be new, and therefore high priced. I really don't know of many older condos, and the ones that I do are pretty high priced already, even in Queens. In Jackson Heights for older buildings, you could look up Leverich condos and Colton condos but they are going to be $300K and up for one bedrooms (not sure if they have a studio floorplan in either of those buildings). Also Elmhurst has some condo buildings, but again, I think they are all 300K and up.
A studio in Queens for 270k? WTF is going on. If it's within earshot of a subway, the owner can tack on $100k? lol
I'm just joking. The real reason is Chinese overpay for homes and Elmhursts's Chinatown is expanding rapidly. I'd stay away from these type of markets where buyers are irrational.
A studio in Queens for 270k? WTF is going on. If it's within earshot of a subway, the owner can tack on $100k? lol
I'm just joking. The real reason is Chinese overpay for homes and Elmhursts's Chinatown is expanding rapidly. I'd stay away from these type of markets where buyers are irrational.
How is that studio better than something like this? Maxx Listings
$220k for a 1 bed in Midwood, Brooklyn?
That's a coop, not a condo. There are huge differences between the two, which are too numerous to go into but you could look it up online. I'm not saying that condos are better for everyone, but they are definitely more expensive, usually by $100K or more.
A studio in Queens for 270k? WTF is going on. If it's within earshot of a subway, the owner can tack on $100k? lol
Condos are usually much more expensive---that's how it is by me. You can get a studio coop for 150K in my area but a condo would be more like 220-250K and that's for an older studio. You can still find a one bedroom coop for under 200K in my area (as long as you know where to look) but most one bedroom condos are 350K+. And if they are new construction, forget it---the price plus monthly dues (for what you actually get is a joke) is crazy.
Condos are usually much more expensive---that's how it is by me. You can get a studio coop for 150K in my area but a condo would be more like 220-250K and that's for an older studio. You can still find a one bedroom coop for under 200K in my area (as long as you know where to look) but most one bedroom condos are 350K+. And if they are new construction, forget it---the price plus monthly dues (for what you actually get is a joke) is crazy.
Brooklyn. But you won't get a studio condo for your price. Are you against coops?
I wanted to buy a condo in my area a few years ago that I think finally sold at 295K. It was a one bedroom and probably the cheapest one bedroom condo in the area at the time. It needed some work but my husband nixed the place. It had a little terrace, W&D in the unit and even a parking spot. Taxes and maintenance were completely reasonable. Part of me still wishes my husband didn't nix the place.
We bought a coop that needed some work instead. My experience with contractors has led me to wanting turnkey properties only.
your choices boil down to a co-op in a better area or condo in a not so good area .
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