If you own a co-op or are thinking of buying one, expect to pay a pretty hefty maintenance fee every month.
This studio co-op in Flatbush is attractive, reasonably spacious and in fine repair, with a renovated bathroom and eat-in kitchen.
This two-bedroom stock co-op is in a two-story building built in 1950. The apartment is on a quiet, tree-lined street in Whitestone. The kitchen is narrow but has lots of counter space, and the living room and bedrooms are spacious. There is a washer and dryer in the apartment, 24-hour security, and a parking garage is available (subject to waiting list). The ask is $250,000 with an estimated monthly mortgage of $969.30. All utilities are included in maintenance.
The QM16 and Q20 buses are on the same street, and the Q76 is a quick walk away. There are playgrounds, public schools, and dining options in the area. The Whitestone Expressway, Cross Island Parkway, and Clearview Expressway are all within a five minute drive. Click through for more photos.
This two-bedroom co-op home in the Historic District of Jackson Heights was built in 1928. The home features wood floors throughout, high ceilings, archways, and a large eat-in kitchen. There is also a small inner garden in the building. The ask is $295,000 with an estimated monthly mortgage of $1,143.77.
The building is three blocks away from the 7, E, F/M, and R trains, and the Q32, Q33, and Q49 are on the same block. Travers Park, Jackson Heights Library, and public schools are all within walking distance. There are also a lot of dining options in the neighborhood. Click through for more photos.
This two-bedroom co-op in Astoria has a lot of space, high ceilings, and a lot of light throughout. The building, part of Acropolis Gardens Development, was built in 1923. There isn’t much counter space in the kitchen, but there’s room for a table or a kitchen island.
The N and Q trains are a quick walk down the street, and there are plenty of dining options nearby. There are also multiple grocery store options in the area, and the Bohemian Hall and Beer Garden is a ten minute walk away. The ask is $309,000 with an estimated monthly mortgage of $1,162.43. Click through for more photos.
If you’re set on living in Williamsburg but don’t have a million bucks lying around, you could do a lot worse than this tiny studio on the south side. The brick fireplace adds a little charm, and everything looks to be in good shape except for the kitchen floor, which clearly needs to be replaced.
If the floor plan is accurate, there’s roughly 213 square feet of living space. Maybe that explains the relatively low asking price of $175,000, or $822 per square foot. Maintenance is $600 a month.
It’s not often you find a co-op in Williamsburg. At one point, this was an HDFC income-restricted building, but if it still is, the listing makes no mention of it. Do you think it’s a good deal?
If you can get comfortable with the idea of living on the ground floor of an apartment building, this new listing at 25 Plaza Street is worth a gander. While it’s being marketed as a two-bedroom, this place really deserves to be used as a roomy one-bedroom. There are plenty of vintage details, closets and built-ins but no photo of the kitchen (though the listing says it’s newly renovated). The monthly maintenance is $1,158 and the asking price is $729,000. There’s an open house on Saturday from 1-2:30.
The other day, I was wandering along the Boulevard of Death, aka Queens Boulevard.
As I walked along this decidedly unfriendly-to-pedestrians street, I pondered Mayor de Blasio’s recent announcement of his “Affordable Housing” initiatives and what that means for Queens. That’s when I noticed the Mitchell-Lama funded Big Six rising against the horizon, right around 60th Street in Woodside.
The Mitchell-Lama Housing Program is a non-subsidy governmental housing guarantee in the state of New York. It was sponsored by New York State Senator MacNeil Mitchell and Assemblyman Alfred Lama. It was signed into law in 1955 as The Limited-Profit Housing Companies Act (officially contained in the Private Housing Finance law, article II titled Limited-Profit Housing Companies and referring to not-for-profit corp., whereas article IV titled Limited Dividend Housing Companies refers to non-Mitchell-Lama affordable housing organized as business corp., partnerships or trusts from 1927 on).
The program’s publicly stated purpose was the development and building of affordable housing, both rental and co-operatively owned, for middle-income residents. Under this program, local jurisdictions acquired property by eminent domain and provided it to developers to develop housing for low- and middle-income tenants. Developers received tax abatements as long as they remained in the program, and low-interest mortgages, subsidized by the federal, state, or New York City government. They were also guaranteed a 6% or, later, 7.5% return on investment each year. The program was based on the Morningside Gardens housing cooperative, a co-op in Manhattan’s Morningside Heights neighborhood that was subsidized with tax money.
LIC Daily Star image courtesy fultonhistory.com
Unveiled in February of 1959, and completed by 1963, the eponymous Big Six towers were built by Typographical Union No. 6 – known in its heyday as Big Six. The buildings were erected as a non profit co-op for members of the union in Woodside.
Here’s a refreshingly priced pad with park views that’s been on the market for less than a month. The two-bedroom, two-bath co-op at 185 Prospect Park Southwest has 1,300 square feet and has been recently renovated. What’s more, it has a private terrace that looks out over the park. Common charges are $1,017 and the seller is asking $725,000. Waddya think?
This one-bedroom co-op at 202 Baltic Street in Cobble Hill hit the market in September with an asking price of $625,000 and was reduced to $599,000 in October. The top-floor pad is attractive but lacks any particular wow factor other than the private roof deck, which looks great. The 660-square-foot unit comes with a monthly maintenance of $654. Like it?