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what's the CR approach to getting luxury condo ($2-$4mm) in MFH?

1/1.5 layout or larger; must be doorman building does it ...
Mustard Elite Patrolman
  08/14/18
(1) Chop off your dong (2) Marry hedge fundmo
Bateful Harsh Weed Whacker
  08/14/18
unhelpful; have $2-$4mm to blow on a second home and plan to...
Mustard Elite Patrolman
  08/14/18
Those tax abatement buildings seem insane. Like one day you...
Arousing Property Fortuitous Meteor
  08/14/18
how does the abatement impact the maintenance? is the discou...
Mustard Elite Patrolman
  08/14/18
Not sure if affects the commons charges, but You pay propert...
Thriller aqua people who are hurt
  08/14/18
Why even buy that? Get a fucking spread (5000+ sqft) in NJ o...
passionate site hairy legs
  08/14/18
don't live in MFH but am there for work/visiting friends oft...
Mustard Elite Patrolman
  08/14/18
...
charismatic den
  08/14/18
?
Mustard Elite Patrolman
  08/14/18
...
charismatic den
  08/14/18
LMAO please LINK to something that's "the same value fo...
Mustard Elite Patrolman
  08/14/18
...
charismatic den
  08/14/18
LMFAO at 1980s vintage WHITE appliances in the kitchen and n...
Mustard Elite Patrolman
  08/14/18
...
charismatic den
  08/14/18
Love dat basement apartment with a prestigious door to the s...
Soul-stirring jade nursing home depressive
  08/14/18
CR
Mustard Elite Patrolman
  08/14/18
Kill all boomers
Boyish mildly autistic hall
  08/14/18
lol i was born in 1984
Mustard Elite Patrolman
  08/14/18
Are you using "condo" to mean "coop" or ...
chrome circlehead
  08/14/18
either condo or coop is fine.
Mustard Elite Patrolman
  08/14/18
1) Don't get "luxury" place (ie. bullshit overpric...
chrome circlehead
  08/14/18
...
Mustard Elite Patrolman
  08/15/18
LOLJJC having fun playing make believe?
Tripping house-broken institution roast beef
  08/15/18
Update?
topaz hairraiser degenerate
  06/22/20


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Reply Favorite

Date: August 14th, 2018 8:48 PM
Author: Mustard Elite Patrolman

1/1.5 layout or larger; must be doorman building

does it actually make sense to prefer buildings where a tax abatement is possible? how do i qualify?

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36617766)



Reply Favorite

Date: August 14th, 2018 8:50 PM
Author: Bateful Harsh Weed Whacker

(1) Chop off your dong

(2) Marry hedge fundmo

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36617770)



Reply Favorite

Date: August 14th, 2018 8:52 PM
Author: Mustard Elite Patrolman

unhelpful; have $2-$4mm to blow on a second home and plan to do it in MFH both because i'm often there for work and b/c i feel it's a strong RE investment.

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36617777)



Reply Favorite

Date: August 14th, 2018 8:52 PM
Author: Arousing Property Fortuitous Meteor

Those tax abatement buildings seem insane. Like one day your maintenance will just go up by like $6k a month or something. I don't think there's anything to "qualify" for - the abatement is on the building until a certain date.

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36617774)



Reply Favorite

Date: August 14th, 2018 8:53 PM
Author: Mustard Elite Patrolman

how does the abatement impact the maintenance? is the discount provided directly to the building developer/manager and a portion passed on to residents until it runs out?

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36617782)



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Date: August 14th, 2018 9:00 PM
Author: Thriller aqua people who are hurt

Not sure if affects the commons charges, but You pay property taxes on the condo. They will go up bigly once the abatement is gone.

This 3 million condo - 500/month taxes.

https://streeteasy.com/sale/1316698

This one -1600/month taxes.

https://www.corcoran.com/nyc-real-estate/for-sale/tribeca/30-warren-st-apt-2a/5384109

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36617822)



Reply Favorite

Date: August 14th, 2018 8:54 PM
Author: passionate site hairy legs

Why even buy that? Get a fucking spread (5000+ sqft) in NJ or CT for $2-4mm, and if you're so inclined, Airbnb it at an upscale pad in NYC whenever you get the urge.

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36617786)



Reply Favorite

Date: August 14th, 2018 8:59 PM
Author: Mustard Elite Patrolman

don't live in MFH but am there for work/visiting friends often. no point for me buying in Greenwich or some shit. i already have a big house in my primary city/state.

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36617810)



Reply Favorite

Date: August 14th, 2018 9:02 PM
Author: charismatic den



(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36617826)



Reply Favorite

Date: August 14th, 2018 9:05 PM
Author: Mustard Elite Patrolman

?

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36617837)



Reply Favorite

Date: August 14th, 2018 9:16 PM
Author: charismatic den



(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36617887)



Reply Favorite

Date: August 14th, 2018 9:42 PM
Author: Mustard Elite Patrolman

LMAO please LINK to something that's "the same value for 900k"

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36618046)



Reply Favorite

Date: August 14th, 2018 9:55 PM
Author: charismatic den



(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36618120)



Reply Favorite

Date: August 14th, 2018 9:57 PM
Author: Mustard Elite Patrolman

LMFAO at 1980s vintage WHITE appliances in the kitchen and no glass enclosed shower in a two-bedroom, just two fucking shitty bathtubs like a college dorm room.

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36618134)



Reply Favorite

Date: August 14th, 2018 9:59 PM
Author: charismatic den



(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36618144)



Reply Favorite

Date: August 14th, 2018 9:59 PM
Author: Soul-stirring jade nursing home depressive

Love dat basement apartment with a prestigious door to the street in the living room

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36618143)



Reply Favorite

Date: August 14th, 2018 10:10 PM
Author: Mustard Elite Patrolman

CR

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36618195)



Reply Favorite

Date: August 14th, 2018 9:16 PM
Author: Boyish mildly autistic hall

Kill all boomers

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36617890)



Reply Favorite

Date: August 14th, 2018 9:41 PM
Author: Mustard Elite Patrolman

lol i was born in 1984

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36618041)



Reply Favorite

Date: August 14th, 2018 9:55 PM
Author: chrome circlehead

Are you using "condo" to mean "coop" or are you actually specifically looking for a Condo in NYC?

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36618122)



Reply Favorite

Date: August 14th, 2018 9:58 PM
Author: Mustard Elite Patrolman

either condo or coop is fine.

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36618137)



Reply Favorite

Date: August 14th, 2018 10:00 PM
Author: chrome circlehead

1) Don't get "luxury" place (ie. bullshit overpriced new development with amenities you won't use).

2) Get a nice unit in a nice building.

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36618148)



Reply Favorite

Date: August 15th, 2018 1:21 AM
Author: Mustard Elite Patrolman



(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36619176)



Reply Favorite

Date: August 15th, 2018 4:42 AM
Author: Tripping house-broken institution roast beef

LOLJJC having fun playing make believe?

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#36619486)



Reply Favorite

Date: June 22nd, 2020 9:35 PM
Author: topaz hairraiser degenerate

Update?

(http://www.autoadmit.com/thread.php?thread_id=4052155&forum_id=2#40476270)