As a child growing up in Rego Park, Queens, Allison Small looked towards Manhattan and dreamed of owning a home there. Later, while studying at Binghamton University and Hofstra Law School, the dream persisted.
“Every time I was driving over the Whitestone Bridge,” she said, “I would turn to the city skyline and say, ‘someday’. ”
A few years ago, Mrs. Small, now 34, moved into a rental in Yorkville, paying $ 2,400 for a room in a building with no elevator. The tube ride to her office in the Financial District – she works in human resources for a bank – was 45 minutes, an improvement over the 90-minute ride on two subways from her old apartment in Queens.
Last year, she took a serious interest in buying a home and began to take an interest in areas not too north of the East Side. But with a budget of up to $ 550,000 for a co-op, she found she couldn’t afford more than a small studio.
“I didn’t want to save that kind of money if I wasn’t in love with the place,” she said.
[We are casting for a new real estate docuseries following the journey of Gen-Z and Millennial home buyers in New York. If you are actively looking at homes or apartments for sale now through the end of 2021 in the New York metro area, contact us at: [email protected]]
Then, to her surprise, Ms. Small’s grandmother left her an inheritance and she was able to increase her budget to $ 625,000. “I was her only grandson,” she says. “She knew I wanted to buy a seat.”
With her new limit set, she reached out to Joshua S. Garay of Garay Real Estate for help. “For a nice alcove studio, Allison was in the right price,” Garay said.
He suggested apartments near Beekman Place in the East 1950s, but Ms. Small found the surroundings too commercial. A one bedroom available there – totaling 800 square feet for $ 500,000, with a monthly maintenance of about $ 1,500 – was on a low floor, dark, and dungeon-like even with the lights on. They are heading south.
“We could walk into an apartment and Josh could tell me how much I would pay to renovate it,” said Small, who wanted the unit to move in. “In a few places, I was put off by the fact that the seller’s broker was only talking to him and not to me. In a few cases, they thought we were a couple.
Among its options:
Find out what happened next by answering these two questions: