Co-op of the Day: 175 Willloughby Street, #10H
University Towers isn’t the sexiest place to live but the middle-class housing complex does end up giving buyers a bigger bang for their buck than some of the other big buildings in the area. Take, for example, this apartment on the tenth floor: Three bedrooms, 1,500 square feet, nice light, recently renovated kitchen and baths….
University Towers isn’t the sexiest place to live but the middle-class housing complex does end up giving buyers a bigger bang for their buck than some of the other big buildings in the area. Take, for example, this apartment on the tenth floor: Three bedrooms, 1,500 square feet, nice light, recently renovated kitchen and baths. Price? $649,000. Pretty cheap, right?
175 Willoughby Street, #10H [Corcoran] GMAP P*Shark
m4l — I thought in NYC *everyone* earning a salary calls themselves middle class?! (Regardless of how much money.) Only heirs and heiresses are ‘rich.’
A couple with a combined income of around $150K – $160K should be able to afford this, depending on down payment amount.
That is well within the range of what 2 experienced teachers in NYC would make, so I think that could be called middle class.
20% down, 5.25% = $4115 monthly payment for this place. So… perhaps, $175,000? Not to mention the salary, etc. to be able to tuck away $130,000 in your piggy bank!
That sounds right BHS. Broker should be charged with fraud.
Dude, how do you come up with that 200K income figure?
That sounds way high. Bear in mind you are going to need to put at least 20% down. And rates on 30yr fixed are 5.25%.
200k+ is middle class income in NYC. rich folks are above 700k
I did some quick calculations based on the dimensions in the floor plan and came up with around 1100 sqft.
So having the income of $200K+ you would need to qualify for a loan on this place is middle-class?
I dont believe the 1500 sq ft number. All the other 3 bdrms are like 1200 Sq ft.
I think the price is actually pretty ambitious for this type of coop building and the location. Nice renovation, nice old-style floorplan, but 8H with an equally nice renovation (at least if you believe the pictures) is for sale at $599,000, and failed to sell at $574,000 with a different broker last year.