harlem381's Profile
- Harlem in the Slope
- 2002
- 2005
- Brooklyn
Author's Posts
May 22, 2008
Is Manhattan immune from the real-estate bust?
See Link:
http://realestate.msn.com/Buying/Article_busweek.aspx?cp-documentid=7562738
January 4, 2008
Outbid
I have been trying to buy a 2 bedroom in park slope, preferably ps 321 zoning. I am looking for about 1000 sq ft with a reasonable amount of original detail. Everything I have seen has been between $700k and $800k but I continue to be outbid and I have been bidding at the offer price, based on principal alone I just cant pay above what someone is willing to sell it for. So frustrating. Help please, any thoughts?
January 1, 2008
Starbucks helping Mom and Pop Coffeehouses?
For all those that have it in for Starbucks, this article is worth a read.
see link:
http://www.slate.com/id/2180301/?GT1=10837#
November 25, 2007
Pocket Shutters
Does anyone know where I can find wood pocket shutters for the windows in my brownstone.
Author's Comments
BTW......The Senate voted on Wednesday to extend the home buyer tax credit through April 30, 2010.
The program is being expanded to include a $6,500 credit to buyers who "move up" or "trade-in" their home for a better one, as long as they have lived in their current property for at least five years.
The credit will not cover second homes.
It is limited to homes purchased for less than $800,000.
The credit will be extended to a larger pool of buyers by raising income caps to $125,000 for single filers and $250,000 for joint filers, up from $75,000 and $150,000, respectively.
Provisions strengthening the authority of the IRS to oversee the processing of credits have also been included in light of reports of rising fraudulent claims. A HUD-1 settlement statement will now be required when claiming credits.
Posted by: harlem381 at November 5, 2009 3:16 PM in response to Park Slope PPSF
I think we all recognize your desire to get the value of an apartment right. I think the first step is to start with the math:
A $450k apartment with 20% down at 5% 30yr FRM = a monthly mortgage payment of $1,932.56 + $600 est. maintenance = $2,532.56.
When you consider the interest expense deduction equivalent to $350 per month and the principal payment equal to $440 per month gets your equivalent rent payment to $1,742.56.
I think you need to ask yourself if you think $1,742.56 is an acceptable rent to pay for the type of apartment you can get for $450k. If so, then you should be comfortable with buying the apartment.
Posted by: harlem381 at November 5, 2009 2:57 PM in response to Park Slope PPSF
Can we qualify the square footage. From my calculation:
Building is 25 x 60 = 1500 sq. ft.
Offer Price is $1.25m
Price Per Sq Ft. = $833.33
Sounds reasonable based on the previous threads, no?
Posted by: harlem381 at January 2, 2008 2:21 PM in response to Co-op of the Day: 10 8th Avenue
Here it is for those interested:
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=877070
Posted by: harlem381 at November 17, 2009 9:49 AM in response to Corcoran Found Negligent in Park Slope Condo Sale