Condo Mania: The Little Guys
A: A quick rundown of the latest search that yields the most inexpensive condos in NYC below 96th street. Perfect for any homeowner that seeks 10% down, no board approval, unlimited subletting ability, and an easy flip come resale! Remember that condo's can be marketed to a much larger buyer pool giving the seller more pricing power at resale.
Here is my pick of the litter of condos in NYC below 96th that are priced under $400K. When analyzing you must understand that the lower end market for condos in NYC has held up very strong as the higher end markets soften. This is why price per square foot is still at or near $1,000/sft., as inventory is still tight for sub $400K condos.
225 East 46th Street; Apt. 2F
Size: 425 SFT
# Beds: 0
# Baths: 1
maintenance: $357
RE Taxes: $200
Asking: $399,000
Price Per Sq. Ft.: $939
Marketed By: Nancy Rapp of Halstead
1724 Second Avenue; Apt. 2D
Size: 400 SFT + Balcony
# Beds: 0
# Baths: 1
maintenance: $254
RE Taxes: $129
Asking: $399,000 (Reduced from $430K)
Price Per Sq. Ft.: $1,000
Marketed By: Paul Anand of Citi-Habitats
220 East 46th Street; Apt. 2F
Size: 400 SFT
# Beds: 0
# Baths: 1
maintenance: $387
RE Taxes: $194
Asking: $399,000 (Reduced 3 times from $450K)
Price Per Sq. Ft.: $998
Marketed By: Nicole Hatoun of Corcoran
201 West 74th Street; Apt. 7C
Size: 400 SFT + Balcony
# Beds: 0
# Baths: 1
maintenance: $488
RE Taxes: $151
Asking: $399,000 (Reduced 3 times from $489K)
Price Per Sq. Ft.: $998
Marketed By: Susan Leeds of Halstead
105 West 77th Street; Apt. 4E
Size: N/A
# Beds: 0
# Baths: 1
maintenance: $103
RE Taxes: $129
Asking: $380,000 (Reduced from $395K)
Price Per Sq. Ft.: $N/A
Marketed By: Milton Elbogen of Corcoran
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