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NYC Apartments: stuyvesant town/peter cooper
supabeast
Registered User regular
Registered User regular
I’m looking at Manhattan apartments and was blown away by the deals I can get on Stuyvesant Town/Peter Cooper Villiage. This is making me a little suspicious about why those places aren’t renting out for $500-$1000 more than they are. But given the back story and the mortgage markets I also wouldn’t be surprised if it’s legit and just getting hit by the economy. Is there some horrible secret keeping New Yorkers out of that neighborhood? Is it just not cool enough?
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Aside from that, there is non-stop construction projects at all hours of the day / night, the "new technology" they implemented to control the heat leaves many without any, and this past fall several building where without gas for almost two weeks with no compensation.
The property is most likely going to foreclose in the next two years so it's anyone's guess what's going to happen to it.
I would do some more research before making the move:
http://www.apartmentratings.com/rate/NY-New-York-Stuyvesant-Town.html
http://www.stuytownluxliving.com
But yeah, generally if something seems too good to be true, it usually is; you get what you pay for. I managed to find a pretty good place in Queens for a cheaper rent than I expected, but it turned out that the window of my room leaks during hurricane-intensity storms (which is, fortunately, very rare), and the shower is sometimes lukewarm. Still livable, but this was probably the reason why it was marked down compared to the apartments in the area...
Location I guess.
Many of the large cities on/near the US east coast are like this, although NYC tends to be among the worst - $1300/month for our 1-bedroom condo here in the DC area.
Can't wait to move outta here in a couple years and hopefully buy a full house for as much or less in another area.
some people in midtown have a higher mortgage on a parking space than you do on your entire property
so yeah... location, location, location
as far as Stuy Town, I have some friends who live there and they love it... large, older apartments for decent prices, and no broker fee... if they try to jack up the rent astronomically at renewal time, just move
you can read up on the Stuy Town issues in lots of blogs, such as: http://stuytownluxliving.com/
but keep in mind that most of these are written by bitter rent stabilized old farts who feel some sort of entitlement to their dirt cheap apartments, and are up in arms over Tischman Speyer's take over and legal evictions
personally, i've just moved to Brooklyn... a large 1br for $1500 in south slope
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Hah - north carolina rent? 250-500 with space.
Not that hard. It's the cities where shit gets expensive.
I'm Jacob Wilson. | facebook | thegreat2nd | [url="aim:goim?screenname=TheGreatSecond&message=Hello+from+the+Penny+Arcade+Forums!"]aim[/url]
When I move out and live on my own, I'd like to live in NYC. But apparently this town is only for richers.
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If you want a decent solo apartment in Manhattan you better be ready to pay big bucks. There really isn't any way around that.
Brooklyn is part of NYC btw...
Hey, you don't think I know that? This is the same person who gets upset when people refer to Brooklyn as being part of Long Island. I just meant the "city" city.
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hahaha lol
city city
THE city
I would love to live in Williamsburg (hipster yuppie much?)
Though, I'm not sure how the prices compare to the city
I'm Jacob Wilson. | facebook | thegreat2nd | [url="aim:goim?screenname=TheGreatSecond&message=Hello+from+the+Penny+Arcade+Forums!"]aim[/url]
Well, NC has raleigh and such and it's bustling with young people. The south just has a cheaper means of living.
The price you pay is with the people.
All near subway stations, and all nice quiet neighborhoods that are only half an hour away from the city.
I'm Jacob Wilson. | facebook | thegreat2nd | [url="aim:goim?screenname=TheGreatSecond&message=Hello+from+the+Penny+Arcade+Forums!"]aim[/url]
We pay $2300/month mortgage for a 27 year old 1700 sqft townhouse - good neighborhood and it is in great condition. My sister-in-law pays $800 for a much older (with all the associated pros such as hardwood everywhere, and cons such as no grounded circuits in the living room) similarly sized single family home in a nice neighborhood of Pittsburg (and it even has a yard with trees). However, she + fiance make 60% what me + wife make. 40% less income with 65% less housing cost... they also spend less on food and gas (yet, she still thinks we are rich).
Of course, we can get to the DC museums and fantastic restaurants in about an hour while she can't. And who'd want to live in Pittsburg anyway?
(jealous? never! nope! well... ok, maybe a little)
Murphy's Paradox: The more you plan, the more that can go wrong. The less you plan, the less likely your plan will succeed.
$4000 is a nice chunk of change
At least the Village is nice
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