What neighborhood? How many square feet? Recently came into some money and planning to start over in NYC.
If you recently came into some money, why are you looking to buy a hovel?
OP = Mary Tyler Moore
A shoebox and an iron spiked dildo.
Congrats, OP. Probably a great one bedroom about 850 sq feet in Manhattan.
Sweetie, I have some bad news for you. You still have to pass the board approval. The boards look at all your financials. $1 million is a nice nest egg but when they see you are a greeter at Nasty Pig, LLC you will probably not be approved.
Assuming this is true, if you really want to keep this nest egg to help support you the rest of your life why on earth would you move to one of the most expensive places to live?
A condo on West 97th Street with Matt Sanchez as your roommate.
A 40 x 40 hovel. In Brooklyn.
A few of us
You are asking what $1M can get you but then say you have come into some money. Make up your mind.
Download the NY Times real estate app. Very easy to use, unless you're retarded or a troll. You're not either one of those things, are you OP?
Christ, four weddings and now you're fishing around for this? Bitch got some balls, despite the roids.
The market will go belly-up eventually and then your $1 million will be $500k.
OP, maybe you should get together with the guy who is trying to brand himself.
What neighborhoods are in the $1 million range?
They all are, R18?
As a sort of answer to OP's question - assuming you are going for an all-cash transaction and probably for a condo, $1M will get you a large one bedroom in prime neighborhoods (Tribeca, West Village), probably 800+ s.f., and might even get you a 2-bedroom in decent (but not prime) neighborhoods like Midtown East, Hell's Kitchen, or parts of the Upper East Side or Upper West Side - still wouldn't expect more than 900-1000 s.f. though. Other factors include whether the building has a doorman, is new construction, etc.
Don't forget transaction costs, tax, etc., and even with a condo building you still have to go through board approval where they'll look at your financials and want to ensure you have an income and can afford to pay building common charges and real estate taxes.
Condos don't require Board approval, most co-ops do. I live on the UWS, near Lincoln Center, in a postwar doorman building. 1BRs are about 550 sf, going for around 600K-650K depending on floor and condition. With $1MM, you should be in decent shape. Welcome to the city!
Nasty Pig, LLC. Until now I had no idea what it was. Thanks!
Use it for a down payment for a small rent controlled apartment building in a great neighborhood.
Kick out the cheapest rent controlled tenant with the biggest apartment, move in and fix it up. (you have to live in it for 5 years)
After 5 years, rent your unit at market rate, Then kick out the next biggest leach and move in/renovate their place.
Rinse and repeat until you have an entire renovated, market rate building.
Then sell it for millions and start over with a new building.
How do you kick out a rent-controlled tenant?
I thought 'rent-controlled' implied a contract, meaning they couldn't be removed except by buying them out?
p.s. R22, don't I know you from downtown New Haven, CT?
[quote]How do you kick out a rent-controlled tenant?
You move in.
As much as they've tried, rent control advocates can't keep an owner from occupying his own building.
You can take possession of a building and kick ALL the tenants out (old townhouses/mansions) an convert it back to single family, provided you live in it for at least 5 years.
And there's not a damn thing anyone can do about it.
A broom closet in a still untrendy part of the East Village. From which you will be able to reinvent yourself.
A couple of meals at 2 of the most expensive Manhattan restaurants. That doesn't include tip.
a studio apartment in jennifer lopez's cunt....
it's just past the soul of ben affleck and the first door on the left
You can stay in a modest hotel for about two weeks. Don't touch the "honor" bar or ask for towels.
If no one mentioned it, $1m can also get one a dirty look. It may also pay for a down payment on something GOOP.com is shilling.
Your very own Kardashian.
I hear the Mertzes are trying to unload a brownstone on East 68th St.
If you recently came into some money, and will not be earning gobs more, do not take that money and relocate to a city that will force you to eat through it the fastest, all in the name of the most deluded goal known: "a fresh start."
Go somewhere smaller, and cheaper, and get your start there.
OP, you do realize you CAN get Manhattan but for that money you will be limited to one of the white brick buildings on the East Side but NOT above 57th street.
You would be better off renting for a year and put the 1 mil to work for you. Get established get a job then start thinking about buying.
I live how these people like OP come on here to show off their money (if they aren't lying) by starting dumbass topics like this. If you have $1 million to drop, you have enough money to talk to a damn realtor.
Move to an affordable city, get a nice 2 bedroom 2 bath for 250,000. Then 750,000 invested.
Rather sad reading all the NYers getting their jollies over how possibly expensive the city may be. Their egos must have taken a battering over its recent decline compared to London prices. But at bedrock they know in their heart of hearts that the city is no longer what it was; that other cities now offer incomparably better lifestyles for less, and they are only a heart beat away from another terrorist attack that will send their precious real estate prices into the toilet again. Note how NYers define themselves on property prices these days: they can't use any quality of living index because except for the very rich the daily soul-abrasive grind of living in the city wears down the psyche. How happy I am to live in a city which offers deep cultural richness but where people have time to live and everything is soft rather than hard and loud and pushing and needy and desperate desperate desperate.
Yes, but it is essential to be in Manhattan for OP in order to REINVENT himself!
I'd look at something for ~$500,000 in the Upper West Side, near Broadway. Zip 10023. I don't think this apartment is for sale, but it's a good example.
R27 I agree with everything you said, but may I ask what city you live in?
A Starbucks coffee.
live somewhere cheaper. buy an apartment for less, and put the money you saved in the bank.
I live on the Upper East Side. in this area, that million would enable you to purchase a walk in closet.
r22 is right and that's how to stay in NYC.
You're on crack, R43. I'm working on a reno on East End Ave. 3 bed 3 bath. It's a fixer and was purchased thusly for $1.2. It's 1600 sf. I think the far Upper East Side is a huge bargain right now. Easy access, close to amenities.
You could easily get a place in Manhattan for 1 mill, the problem OP is keeping it. Monthly maintenance on those things are crazy. Minimum of $1000 a month.