Co-op of the Day: 179 Ocean Parkway
While the kitchen isn’t exactly doing it for us, this convertible three-bedroom at 179 Ocean Parkway in Kensington looks like a reasonable way to pick up a family-sized pre-war apartment for under $500,000. (The asking price is $459,000 and the monthly maintenance is $703.) Think this is a good deal for 1,200 square feet? Any…
While the kitchen isn’t exactly doing it for us, this convertible three-bedroom at 179 Ocean Parkway in Kensington looks like a reasonable way to pick up a family-sized pre-war apartment for under $500,000. (The asking price is $459,000 and the monthly maintenance is $703.) Think this is a good deal for 1,200 square feet? Any readers live in this building? Sweet lobby.
179 Ocean Parkway [Corcoran] GMAP P*Shark
Thanks to the Good Neighbor Next Door program, formerly Officer Next Door and Teacher Next Door, these civil servants are able to purchase homes for half price. The homes are HUD homes but HUD homes are now showing up in some very popular neighborhoods now. Many of these same civil servants are eligible for housing stipends in the form of cut rate rents and even apartments in the PJ’s. If you are paying less than market rate rent or living in the PJ’s where gas and electric are included in your rent, had your student loan forgiven, get major discounts at health clubs and othr places, you could save a sizable down payment.
well heather…a single teacher making 70K a year also does not need a 1200 sf 3 bedroom apartment either.
you can find a 700sf 1 bedroom in this neighborhood for 250K or less.
if you are a dual income family making 120K or over, this apartment is really not that big of a stretch…
What it does not do, however, is allow you to buy a $450K apartment, unless you sacrifice the rest of your life to do so.
“some of you people are delusional. i am a teacher with a Master’s Degree, and 30 credits beyond my Master’s. I have been teaching for 8 years, and just make $70,000 a year.”
So 85K for a teacher with twice as much time as you is not delusional. Makes sense.
“Or I guess everyone else working in other jobs are just not worthy enough to live within the 5 boroughs, or have decent housing.”
To the contrary. Everyone is worthy enough to have decent housing. Even crackheads and prostitutes.
“how many “middle class” jobs pay 90K?”
A question was asked and I answered based on what I know. If you know of any others please enlighten us. There may be job seekers among us.
“how many years before someone makes top salary and what percentage of total workers are allotted top salary?”
Top pay is reached in 5 years with increases every year until top salary is reached. All who stay past 5 years reach top pay. That would be the majority of them.
“I also think 100k for a Bus driver is a stretch, no?”
No. Those with seniority can pick runs (routes) with built-in overtime and still work OT on their days off. The average would be about 65K with many making more. Motorman 100K.
“my husband is a NYC teacher and he doesn’t make anywhere near 85k.”
Your husband probably doesn’t have a Masters and probably hasn’t been teaching long. My recently retired mother made well over 85K.
100,000K poor person – you take home $5000 you say, but I’ll bet you have a tremendous 401K and I bet you get a tax refund in the order of tens of thousands of dolars.
If not, you have the wrong accountant.
$100,000 poor person again. I forgot renters’ insurance and co-payments for doctors. And cat food (but he’s a small cat and doesn’t eat much, so it’s not a big deal).
Hi again. It’s me, the poor person with the household income of $100,000. Actually, our money doesn’t get spent on $5 lattes. Take home, for us, is about $5000. The first 10% of all net income goes into savings. 401K gets maxed out and health insurance is deducted via work. Then the rest gets spent on diapers (so many diapers, can’t wait for the kid to get potty trained!), life insurance, disability insurance, rent, food, electricity, landline phone (have to have it with a kid in the house in case electric goes out in an emergency. learned that back on 9/11), cellphones, and the cheapest cable TV (I may be poor, but you’ll pry Jon Stewart out of my cold dead hands)/internet access we could find. Books & rental movies come from the library. Clothes come from Target or Old Navy. Furniture comes from all kinds of cheap-o places, and then we love it back to health. We have no debt. We cook almost all of our food at home (there’s the occasional pizza ordered in). We clip those coupons, we shop those sales. It doesn’t make us special or saintlike or anything else — a lot of people find a way to get by on a LOT less. This is just what our life is like. We laugh a lot. Like I said, it kind of sucks but it’s also kind of OK. I love houses, and beautiful living spaces, which is why I come here. I also admit I find all of the back and forth kind of amusing and sometimes kind of sad. And I like Park Slope. And I won’t be ashamed of it!
some of you people are delusional. i am a teacher with a Master’s Degree, and 30 credits beyond my Master’s. I have been teaching for 8 years, and just make $70,000 a year. So…who are these 25 year olds who make $70,000 a year? i would like to meet them. Also, has anyone factored in childcare, or the fact that someone might only work part-time, in order to take care of a child? That is quite a hefty expense.