Life in New York City

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    Oct 20, 2007 3:01 PM GMT


    Ok all you New Yorkers. Over the years I have been in New York many times. But I really never got to know the city. As it turns out, I'm going to be in the city perhaps 4 or 5 months a year now. CAn any of you guys tell me the good and bad of buying property along Central Park? How easy is access to the subway from there? Where are the good spots of we guys?

    Cautions? Any recoomendations? Any good services to use for transport back and forth to the airport? Any public airstrips on the Jersey side that are easily accessible.

    Just any thoughts please guys!!

    Tom
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    Oct 20, 2007 3:27 PM GMT

    I think I am somewhat naive. Wealth is a relative term. I found a 3 bedroom condo in a new high rise on the Harlem end of the park in the $1.5MM to $2.5MM range. Even in Atlanta or say Dallas, there are thousands of folks with mortgages in that range.
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    Oct 20, 2007 3:35 PM GMT
    When people think of central park addresses they think generaly central park west or central park east and then in the lower streets like the 60's, 70's, and 80's. The harlem end of the park is a little far from most places you would go and if those are the prices you are looking at for a three bedroom that is one of the few places where you will still find them. In midtown a 1bedroom will go for around 600K. I have a friend who just bought a 3 bed converted 4 in chelsea for 4.5MM, and another friend who bought a nice two bed in chelsea for over 1.5MM cash (not sure how much he actually paid).
  • hotversguy

    Posts: 155

    Oct 20, 2007 3:37 PM GMT
    that's not "the park" in NYC parlance, that's Harlem, and the price sounds about right.

    "the park" usually refers to CPW, Columbus (west) and 5th (East) from the bottom of the park to about 96th street. and if you find a one bedroom for under $1.5 you are lucky and on a low floor. The subways suck next to the park, but the busses on Columbus (yes, buses, your cell phone works) and on 5th are great.

    a few blocks away on the east (madison, lex) you'll find it more affordable and impossibly dull (yes, NYC can be dull)

    on the west, head over to Amsterdam or even Broadway and things are considerably cheaper (though still expensive). Plus, as over-populated with the progeny of too many fertility drugs as it is, there are more things to do and the subways on the west side are infinitely superior (i.e. there is more than one) than on the east side.

    harlem is great, though, and anything you get is sure to appreciate more quickly than in many other areas of the city.

    the local staion, NY1, has a good real estate round up on the weekends. you should check out their website at NY1.com - they keep updates of how many new units are coming online and how that can help you negotiate with sellers, especially in new construction.

    i imagine the people with those mortgages in Atlanta have land. (water, however...)

    the city is full of gay spots, all frustrating or wonderful depending on the day and your outlook. endure that rit of passage like everyone else. as for the airport - car service. if you can pay that mortagage you can pay a car service. get in the habit of using the same one. the 777-7777 one is better than the 666-6666 one.

    public airstrips in jersey? Dunno. If you are looking to fly yourself, I think, the FAA website probably has an answer - that the closest you can get to NYC is Islip. Then again that Yankee who (sadly) crashed into the building flew out of somewhere in Jersey I believe.

    Good luck with the move!
  • hotversguy

    Posts: 155

    Oct 20, 2007 3:49 PM GMT
    it's true about Brooklyn, though I hate it. For that money you could get a massive place in Willamsburg or Greenpoint - see the ny1.com site i mentioned - they have 12k units coming online and they are adding water taxi service.

    since you are not here full-time you may find no need to live in manhattan. conversely, if you are here part-time you may want to live in manhattan for that very reason.
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    Oct 20, 2007 3:51 PM GMT
    If you're looking for a view, the best view is of NYC itself, from either Brooklyn or Jersey. Jersey City and Hoboken on the Jersey side are one (or two) train stops from the city. Same for Brooklyn (Heights, where Patty Duke and her identical cousin come from).
  • Salubrious

    Posts: 420

    Oct 20, 2007 4:09 PM GMT
    Identical cousin?
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    Oct 20, 2007 4:09 PM GMT
    Any New yorker will tell you, NEVER LIVE IN JERSEY. I would recommend the boroughs though. To get from Jersey (Jersey City/Hoboken) to NYC you have to take the path train which goes to the World trade center and up the west side to 34th. If you want to go anywhere else in the city, you then have to pay more money and switch to a subway which is just a pain in the ass. Brooklyn and Queens still have some nice real estate that is on subway lines and in nice areas
  • hotversguy

    Posts: 155

    Oct 20, 2007 4:14 PM GMT
    even Philadelphians mock NJ
  • hotversguy

    Posts: 155

    Oct 20, 2007 4:15 PM GMT
    more importantly, super-hottie Wentworth Miller comes from Brooklyn Heights....
  • Posted by a hidden member.
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    Oct 20, 2007 5:05 PM GMT
    Just live in CT and drive to NY icon_wink.gif

    Silent nights, wooded trails, ponds void of people, and you can see the stars at night!

    All that and the city's under 30 minutes away or less icon_cool.gif
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    Oct 20, 2007 5:40 PM GMT
    BTW - Just so you know, Central park is prestigious, but its certainly not the only park or view in NYC.

    For $2m you can find a very nice place elsewhere.

    It really depends on what you want.

    Do you want an investment property you plan on turning in a couple years? (bad timing)

    Do you want someplece comfortable for yourslf near a park and a decent view?

    Do you want a prestige adress? (you will pay for it)

    Do you want to be near - within walking distance of - most of the gay communitty?

    Do you want an ethnically diverse neighborhood?

    Do you want nearby restaraunts and cafes?

    Nightlife?

    Proximity to work?

    etc...

    Frankly, unless you wanted the park view, or the prestige, I wouldn't bother considering the area.

  • hotversguy

    Posts: 155

    Oct 20, 2007 6:13 PM GMT
    You might like Battery Park City.

    Seriously. Some people scoff at it, others love it..

    Since you are not here full time (I am guessing) maybe you should consider getting a realtor to do the work of looking for you.
  • hotversguy

    Posts: 155

    Oct 20, 2007 6:15 PM GMT
    Hoboken more yuppie than Brooklyn?

    I doubt it. Park Slope is full of yuppie families with $1000 Bugaboo strollers and children named after small cities like Madison and Tacoma. The Heights, Cobble Hill and Carroll Gardens are nearly as bad.

    Of Brooklyn, I know.
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    Oct 20, 2007 10:12 PM GMT
    Be careful of buying property in harlem. there's a ton of low-income housing (aka projects) not far from the top of the park extending over to the east side. Meanwhile the upper east side is snoozeville. I'm up there all the time visiting my boss' clients and half the time just being there makes me want to vomit. The upper west side seems a bit better, though I'm quite fond of hell's kitchen. Unfortunately I'm not exactly able to afford living there just yet. Of the surrounding boroughs, queens seems to be closest to midtown. It only takes me 15-20 mins to be in midtown from my stop in Astoria.

    As for dirty jers, I would run the other direction. My bf used to live in jersey city, and yes I know hoboken is great and all, however, the path train really is the biggest piece of shit. not to mention the fact that if you fall asleep you'll likely get your coat pockets cut and have your wallet, etc. stolen...
  • hotversguy

    Posts: 155

    Oct 20, 2007 11:39 PM GMT
    there's a reason God put a river between us and it.
  • BlackJock79

    Posts: 437

    Oct 21, 2007 12:00 AM GMT
    Awwwww... I wanna move to NYC. icon_sad.gif I had such a great time there. icon_biggrin.gif
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    Oct 21, 2007 4:25 AM GMT
    Thanks Gentlemen!!!

    The only way to get through this is going to be spending a few weeks there in a hotel and get the lay of the land, real estate wise. I think it is going to have to be the lower end of the park, most likely Central Park West. That is where I had originally had a realtor make inquiry but found what I wanted was sold.

    Back to the search.
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    Oct 21, 2007 4:40 AM GMT
    Oh, question. What's the co-op deal? Someone said I'd have to be interviewed. I'd fail the shit out of that for damn sure.

    Imagine, some lady with a $1000 baby stroller and my idea would be a $1000 cock ring.
  • Posted by a hidden member.
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    Oct 21, 2007 5:45 AM GMT
    Co-op boards in NYC can be VERY picky.

    They will review your history, credit, and everything about your life, then intreview you looking for someone who is stable and an 'asset' to their building.

    Some boards can be extremely picky.

    A friend of mine - a well known actor and his wife (a DR.) - were turned down by two different boards simply because he was an actor. The board didn't want the publicity or fans.

    Your realtor should be able to advise you.

    I would suggest hiring a broker as a client, try to find one who is both Gay and a Accredited Buyer Rpresentative; it will simplify things for you.

    You want someone who will represent you, the buyer, with some form of written buyer-brokerage agreement.

    An good ABR will:

    -Find real estate in accordance with the buyers needs, specifications, and cost.
    -Takes buyers to and shows them properties available for sale.
    -When deemed appropriate, prescreens buyers to ensure they are financially qualified to buy the properties shown (or uses a mortgage professional to do that task).
    -Negotiates price and terms on behalf of the buyers and prepares standard real estate purchase contract by filling in the blanks in the contract form. The buyer's agent acts as a fiduciary for the buyer.

    Due to the importance of the role of representing buyers' interests, many brokers who seek to play the role of client advocate are now seeking out the services of Certified Mortgage Planners, industry experts that work in concert with Certified Financial Planners to align consumers' home finance positions with their larger financial portfolio(s).

    E mail me if you need the name of a good agent.

  • hotversguy

    Posts: 155

    Oct 21, 2007 6:14 AM GMT
    I have never know anyone with a good co-op experience, including very skilled realtors who lived in them
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    Oct 21, 2007 7:29 AM GMT
    yeah... screw co-ops. i just bought a gorgeous loft condo in williamsburg, overlooking manhattan -- much closer to the action than harlem, cheaper than central park east or west, and much gayer and MUCH younger. icon_smile.gif
  • Posted by a hidden member.
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    Oct 22, 2007 7:51 PM GMT
    don't waste yo money man. put that up for a good time, not on some condo man. not on some condo.
  • Posted by a hidden member.
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    Oct 01, 2009 3:51 AM GMT
    Check out Splash!!!

  • Posted by a hidden member.
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    Oct 01, 2009 4:01 AM GMT
    You should research Long Island. Great Neck is your best bet!