QueensKiddd
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- Oct 5, 2008
- 21
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I've found a studio apartment for sale in my area, which is Queens, NY. Its a Co-Op which the owner is trying to sell because of trouble paying the mortgage. Normally RE deals are way too expensive within the five boroughs of New York City, but with this bad market I'm getting a ridiculously low price.
It is an L shaped studio apartment in a twelve story building. It has hardwood floor, the building has two elevators, and a doorman. Its in a great location, only two blocks from the subway station. No repairs needed.
The price of the Co-Op is only: $59,999
The Monthly maintenance fee: $396
The Average Monthly Rent for similar apartments: $700 to $1000
This is my first RE investment. If anybody could give me some advice on whether or not its a good deal, I would appreciate that.
It is an L shaped studio apartment in a twelve story building. It has hardwood floor, the building has two elevators, and a doorman. Its in a great location, only two blocks from the subway station. No repairs needed.
The price of the Co-Op is only: $59,999
The Monthly maintenance fee: $396
The Average Monthly Rent for similar apartments: $700 to $1000
This is my first RE investment. If anybody could give me some advice on whether or not its a good deal, I would appreciate that.
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