U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > Westchester County
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 08-24-2008, 11:08 PM
 
16 posts, read 100,372 times
Reputation: 12

Advertisements

Here is my situation. We are trying to find out what would be best for us. Renting first or buying?

I am looking for a place in Westchester county b/c I work in Hastings, and my fiance goes to school in Dobbs Ferry but works in NYC. (he drives in so trains aren't a big thing for us).

I keep searching on trulia, yahoo, and google and keep seeing co-ops and condos for $85,000 (Vernon Woods in Mt. Vernon---pool/gym/gated community) Anyone know anything about this complex?

I also see condos and co-ops in the $100,000 to $165,000. Are these prices normal in Westchester? I also heard about co-op communities that aren't allowed to rent out their units...anyone know where in Westchester these are located???

If we do decide to rent...anyone know any NICE buildings to rent in? I was interested in the studios or 1 bdrms at Avalon communities but after reading reviews on apartmentratings.com I think I may have to reconsider.

Our budget would be approx. $1500 - $1750(depending on whats included) per month for a studio or 1 bedroom. Is it possible to buy w/ that budget? or Even rent?

What areas should we look into?...we don't need train access(we both have cars so PARKING is a big deal)....we don't need "good" schools b/c kids are not in our immediate future (like 8 to 10 yrs away). I heard good things about some areas but can't seem to find any "nice" buildings in our range.


Thanks in advanced for any help you can share,

Last edited by AugustBridein09; 08-25-2008 at 12:31 AM..
Rate this post positively Quick reply to this message

 
Old 08-25-2008, 12:13 AM
 
Location: Washington, DC & New York
10,919 posts, read 27,989,541 times
Reputation: 7086
The prices that you are seeing are not that out of range for Westchester co-ops in the areas quoted. Some co-ops are very restrictive in terms of rentals, while others have a more liberal approach; liberal for a co-op as they will want to interview and examine the financials of the prospective tenant. This is similar to what is done when you purchase a co-op. Many co-ops have requirements as to downpayments, something that is not the same as with a condo, where you are constrained only by your mortgage company. Also, with a condo, you are free to rent it out yourself should you wish to keep it as an invetment property down the road, with no hassle, as you own the unit, not shares in the corporation that owns the buildings and land as in an co-op.

You might look in the Bronxville area, not the village itself since it's expensive, but the section of Yonkers with a Bronxville post office (Bronxville P.O.) as it offers proximity to the village, and the option of the train should you want to do so. Plus, you can find many vintage, pre-war co-ops there that have good space and details in well-constructed brick buildings.

It is quite possible to buy a 1BR, even a 2BR, in your price range, even with the condo/co-op maintenance fees. The co-op will want a specified downpayment, however.

Last edited by bmwguydc; 08-25-2008 at 12:27 AM..
Rate this post positively Quick reply to this message
 
Old 08-31-2008, 06:23 PM
 
16 posts, read 100,372 times
Reputation: 12
Thanks for replying. I drove by Bronx River Road next to Bronxville but there didn't seem to be a lot of parking. Are there anymore safe, quiet areas (buildings) within the Bronxville PO that have parking? We would need to park two cars.
Rate this post positively Quick reply to this message
 
Old 08-31-2008, 11:05 PM
 
Location: Washington, DC & New York
10,919 posts, read 27,989,541 times
Reputation: 7086
The nice thing about Bronxville PO is that it is a very safe area, and the leafy canopies of the old growth trees really make the neighborhoods stand out. There are some other areas to check, and you might want to look more toward post-war buildings as they usually incorporate a garage. The garage will likely not be deeded with unit and usually includes an extra maintenance fee, though such buildings might also offer some off-street parking as well.

In Bronxville PO, some areas I'd suggest looking are Parkview and Tuckahoe Roads there are co-ops there that are post-war. And, I'd also check into buildings on Midland and Palmer, some of which don't appear to be as congested with vehicles as other roads in the area. Off Midland, check out Georgia, Louisiana, and Vincent, which are post-war buildings that have some garages.

Another consideration would be Tuckahoe itself, since there are some buildings with parking there, though they can tend to be a tad more expensive as it's a Tuckahoe address, not Yonkers with the PO. But still, a 1BR or smaller 2BR might be within your budget guidelines, so it's worth a look. Check out Sagamore Road, Westview Avenue, and Fairview Avenue, all of which are off Main Street in Tuckahoe, for buildings that might be of interest. There are some in that area that do have off-street parking, and some pre-war buildings where it might be an easier propsition to find parking spaces.

A little less expensive than some parts of Tuckahoe, with parking, as they date from the 1960s, would be some of the buildings on Garth Road in the Scarsdale PO. A 1BR here is closer to $200k, unless it's in need of substantial updating, and then it can be less, but be careful as some co-op boards do not make it easy to do renovations, so I would check that out thoroughly before signing on a fixer unit.
Rate this post positively Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > Westchester County

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top