Skip to content

5 Boros: Which is the Best Value?

5 Boros: Which is the Best Value? published on 2 Comments on 5 Boros: Which is the Best Value?

How far does $350k go when trying to purchase a home in NYC? Let’s take this boro by boro.

kitchen.jpg

Manhattan Studio: Sutton

Hey, this is actually cute! Although it’s teeny (looks to be under 300 sq ft judging from the floor plan), it’s not a dump. And the Sutton area address has gotta be worth something.

flatbush.jpg

Brooklyn: 3BR in Flatbush

I tried to find an actual house for $350k in Brooklyn, but alas, it doesn’t exist. If I had gone up to $400k, I would’ve come up with a few. So I chose to search for a 3BR and here’s what I came up with. A pre-war coop in Flatbush. A small 1 BR in Park Slope South can be had for this price as well.

queens.jpg

Queens: St. Albans Brick

This is the first listing that came up under my search criteria for Queens. It looks too good to be true, but then again, I don’t know a thing about St. Albans. Brick single family with 4 bedrooms. No info. Just says “seller must go”. I’m too scared to call! You do it!

sg_mickle.jpg

The Bronx: Baychester Single Family

Ok, not bad. A 2000 square foot, 3 BR home in Baychester. No maintenance fees (apart from all the repairs on the 1931 house), alittle outdoor space and you’re still in the boros.

staten.jpg

Staten Island: Stapleton 3BR

This one is a mere $349,900! I chose this home because Stapleton is the only part of Staten Island I know anything about. It’s close to the ferry and has an urban feel to it rather than a….um….a….Staten Island feel. This 1809 square foot home is looking a bit worn, but the choice is yours…. Would you rather have your own home in Staten Island or a cramped studio in Manhattan?

2 Comments

Actually I bought my 3 story brownstone in brooklyn, one block from the brooklyn museum right by the Franklin 4 subway stop for under 400k. Persistance, pickiness and patience pay off. My wife and I looked for 4 years, the market tanked and we thanked ourselves not for buying something overpriced at the height of the bubble.

cheers

Primary Sidebar