Co-op of the Day: 728 41st Street, 3A
This prewar co-op at 728 41st Street in Sunset Park recently hit the market with a price tag of $299,00. It’s either a one-bedroom with a dining room or a two-bedroom, depending on how you slice it. Overall it’s got a very nice vibe to it, though we’re not loving the cabinetry in the kitchen….
This prewar co-op at 728 41st Street in Sunset Park recently hit the market with a price tag of $299,00. It’s either a one-bedroom with a dining room or a two-bedroom, depending on how you slice it. Overall it’s got a very nice vibe to it, though we’re not loving the cabinetry in the kitchen. Still, with a low monthly maintenance of just $328, it strikes us as quite a reasonable starter apartment.
728 41st Street, 3A [FSBO] GMAP P*Shark
I live in a Finnish coop as well — directly across the street from the park. FYI there aren’t many — if any — all cash Finnish coops any more. My was one of them but we began to allow mortgages five years ago, maybe a little more. I know quite a few people living in various Finnish coops in the neighborhood and they all allow mortgages.
Yes, way back in the 90s, it was easy to pick up one of these apartments for next to nothing if you had cash. My cost less than a nice car.
BoerumHill — I wasn’t asking about the first-time homebuyer credit. I knew about this one-time credit, but that wasn’t interesting to mean since it’s one time.
Squaredrive answered my question. Thank you squaredrive.
It does make me wonder… do these tax credits really encourage homeownership? Or just encourage higher price tags?
Oh. I tried to put the quoted comment in my comment in italics. Didn’t work. Last paragraph is mine.
$299k for a starter apartment in Sunset Park?
really?
how about $189k?
http://newyork.craigslist.org/brk/reb/1575292569.html
An extra $110k for a dining room….I hope that dining room is lined with pure ivory or something.
How can you compare these two apartments when you have no idea of the size/condition of the craigslist one with its three poor pictures that manage only to show that the kitchen is seriously anemic?
wow had no clue how intense these tax breaks are. it’s kinda sad for people looking from the outside in who still cant afford to scrape together a down payment. oh well.
*rob*
tybur6,
Based on your Qs about the First-Time Homebuyer Credit (Note – if you qualify, it’s a credit, e.g., it is an $8K giveaway regardless of what your AGI), basic schedule A deductions, and your conception of how much oil heat costs, I’ll take that as 2 being your answer.
Dude, you think I am a dick? Would you like my opinion on somebody who shows up at a real estate blog every day moaning about housing prices, when they clearly have no conception of what it takes to reach a position where they can buy?
If you are interested in knowing more about the firs-time buyer credit, try here:
http://www.irs.gov/newsroom/article/0,,id=204671,00.html
Pretty straightforward, but you do have to be in a contract by 4/30 and close before 6/30. Its not renewable for next year, so its going away if you don’t take advantage now.
Here is a solid article on the benefits of home ownership, published by the AICPA (American Institute of Certified Public Accountants):
http://www.360financialliteracy.org/Life+Stages/Home+Ownership/Articles/Buying+a+Home/Tax+benefits+of+home+ownership.htm
No such thing as dumb question, so keep asking, someone less dickish than me will answer it for you.
🙂
Good luck.
$299k for a starter apartment in Sunset Park?
really?
how about $189k?
http://newyork.craigslist.org/brk/reb/1575292569.html
An extra $110k for a dining room….I hope that dining room is lined with pure ivory or something.
which buildings are 50% cash only? How does one go about finding buildings like this in Brooklyn?
I’ve heard a lot about starter apartments. What about ender apartments. Are they all in Florida and Vegas or something?