Posted by Sam on June 16, 2001 at 23:02:44:
In Reply to: co-ops, rent stabilization posted by Cory on June 16, 2001 at 01:14:26:
: Secondly, I've looked into co-ops as an alternative. I wonder what steps I should go to in making sure that a co-op is a wise investment. I've seen co-ops go for as low as $14k before in places like Inwood and Washington Heights. But in addition to this base price I assume there are extra things such as taxes and maintenance fees. What are typical maintenance fees for co-ops? What would I need to have as a down payment? I don't know where to start, but prices like $15-25K spread over as short as 10 years sounds like pretty affordable rent to me. There has to be a catch somewhere.
coops @ $14K?? even the areas you mention start at $100K for a studio or 1-bed. and yes, there is monthly maintenance: $1-1.50 per square foot per month is considered reasonable. a small 1-bed is 500 sq ft.
try also your college's off-campus housing, some are online.
and Loot, USA, an ad-paper online and off (sorry forgot the address)
for roommate situations, try your college first, then Roommate Finders.
: And finally, if someone could recommend a rental agency or company, or bulletin board, etc. where I could look into co-ops as an option.
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