How far does $350k go when trying to purchase a home in NYC? Let’s take this boro by boro.
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.
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: 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!
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 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
Hi! I was surfing and found your blog post… nice! I love your blog. 🙂 Cheers! Sandra. R.
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