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September 12, 2008
Real Estate Lottery
I'm moving to the Brooklyn area next month and would love to purchase a property as oppose to rent. I'm having a difficult time finding ANYTHING under $300,000. Can someone explain the lottery process that is available and possibly suggest some neighborhoods that I can be looking in, in that price range?
Comments
great resources to get started.
Posted by: brooklynmoxie at September 12, 2008 3:50 PM
Also take a look at:
http://www.nyc.gov/html/hpd/html/apartment/apartment.shtml
Posted by: g man at September 12, 2008 4:10 PM
Good luck to you. The lottery will be the ONLY way to get anything other than a used car for less than $300k in this town.
Posted by: tybur6 at September 12, 2008 11:56 PM
you can also check the hdc site for lottery info: http://www.nychdc.com/ApartmentSeekers/AS.html
Posted by: mkbk at September 13, 2008 3:27 PM
Check out Bay Ridge. You definitely can get a 1 bedroom co-op for under $300K over there. You may even be able to get a 2 bedroom that needs some work.
Posted by: Bklyn born at September 13, 2008 8:14 PM
You will be able to find something for less than 300k without the lottery. As Bklyn born suggested, Bay Ridge is one neighborhood to consider. You may also want to check out Kensington. Both 'hoods have a (relatively) decent commute, amenities, a neighborhood feel, and are in your price range. Good luck!
Posted by: seahag21 at September 14, 2008 9:32 PM
Excellent resources. Thanks for the advice.
Posted by: bry31126 at September 16, 2008 6:23 PM
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