Wednesday, October 21, 2009

What NYC Real Estate Can $1 Million Buy?

While this price used to be stratospheric, it is nice to know that you still get a lot more for your money on Staten Island, as can be seen from this NY1 artcile and video.

The search to see what buyers can get for their money in New York City real estate continues. NY1's Jill Urban filed the following report on what can be bought in the $1,000,000 range.

So what can you get for a million dollars? That's our price point this week as we continue to see how far you're your money will go in New York City real estate.

First, we found a two bedroom, two bath condo in the financial district.

"We are sitting in a two bedroom, two bath loft with 11 foot ceilings. It has two exposures, the bathrooms feature white subway tile with marble counter top and the kitchen offers lacquered cabinetry and stainless steel appliances from Dacor," said 99 John Sales Director Brad Ingalls.

The floors are oak and there is a foot of concrete between apartments so it's very quiet. The place is priced at $1,020,000. Common charges are $671 a month and taxes are $407 per month with six years left on the tax abatement. This doorman building includes all the amenities like a roof deck, gym and a tenants lounge. It's been on the market for about six months.

Over in Park Slope, Brooklyn, we found a great two bedroom, two bath in a brand new eco-friendly building.

"We are seated in the Silhoutte, the penthouse unit. This is a two bedroom, two bath. It comes with two full width balconies as well as a 600 square foot rooftop garden with views of the Statue of Liberty and Lower Manhattan. This also features a 12 foot vaulted ceiling in the living room and kitchen areas," said Green Envy Development President Robert Roth.

This fourth floor walkup is totally eco-friendly. Aside from using environmentally conscious materials, the building will mostly be powered by solar energy, and has a stormwater recapture system on the roof for irrigation.

It's listed at $970,000 and common charges are $250. Taxes are $33 with 10 years left on the tax abatement. It's brand new construction and has been on the market for two weeks.

And lastly, for just under a million we found a large single family home in the Richmondtown section of Staten Island.

"It's a magnificent four bedroom home that was totally redone back in 2002. It features a brand new kitchen, stainless steel appliances, granite, two car heated garage with travertine flooring. It has a master bedroom suite with two walk in closets and a 3/4 marble bath," said Josephine Lee of Robert Defalco Realty.The home sits on 10,000 square feet of land and includes a backyard with a pool, and a finished basement. The house is listed at $999,900. Taxes are approximately $6,000 a year and it's been on the market just over a week.

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Anonymous October 26, 2009 at 8:31 PM  

The Sales Director of 99 John Street in Manhattan referenced in this post, Brad Ingalls, in Manhattan Criminal Court docket number 2007NY070791 was charged with a felony assault against his live-in domestic partner and he pleaded guilty to an assault charge. Anybody could contact the court about the final disposition of the case and the assault conviction. The victim's spleen was ruptured. Protect the public and those you care about from monsters like this.

Anonymous November 10, 2009 at 12:43 AM  

Is the Brad Ingalls quoted in this article the same one who pleaded guilty to assault in a domestic violence case in Manhattan Criminal Court with docket number 2007NY070791? That Brad Ingalls was in real estate and is known to work for 99 John so it has to be the same person, that is to say, the same convicted violent offender, right?