Index Investing News
Saturday, June 6, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Seeking a ‘One-Bedroom With the Basics’ in Brooklyn or Manhattan. Which Would Be More Affordable?

by Index Investing News
September 15, 2022
in Property
Reading Time: 2 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


Christopher Ferraris and Charvi Magdaong began their search for a new home in 2020 with a modest list of criteria — so modest that, to anyone who has never lived in New York City, their expectations might have seemed absurdly low.

“I’ve lived in walk-ups almost my entire New York life, so the idea of an elevator was so luxurious,” Mr. Ferraris said. “And I was thinking a dishwasher, and enough square footage where we weren’t getting in each other’s way.”

Mr. Ferraris, 41, is a social worker, and Mr. Magdaong, 36, works for an educational technology company. When the pandemic hit, they were sharing a 400-square-foot rental in the West Village with a bedroom that felt more like a large closet: Their bed touched three of the four walls. With both of them working from home, mornings began with a negotiation.

“We had a competition every day about who would get to use the living room and who would have to use the other room, which had terrible lighting and looked terrifying on camera,” Mr. Ferraris said.

Even when Mr. Magdaong was lucky enough to score a spot on the sofa for the day, the cramped quarters hampered his productivity. “Our apartment was so small that I could hear Chris in the background of my calls,” he said.

[Did you recently buy or rent a home in the New York metro area? We want to hear from you. Email: [email protected]]

By September, the couple had become engaged and had resolved to find a home with more space and fewer stairs. Aside from that, Mr. Magdaong said, “We were really pretty open. We just wanted a one-bedroom with the basics.”

Location was also a factor: Mr. Magdaong’s office is in Dumbo, Brooklyn, and Mr. Ferraris is a part-time lecturer at the Columbia School of Social Work, on the Upper West Side of Manhattan. Both expected to return to their offices eventually, so they decided to target neighborhoods with easy access to the A or L train, which would allow each of them to commute in about 45 minutes.

The couple set a budget of up to $750,000, but they were less focused on the sticker price than on the monthly fees. The rent at their West Village apartment was $2,750, and they didn’t want that number to increase by a huge amount. After putting 20 percent down, they figured they could comfortably handle a monthly outlay of up to $3,300 for mortgage, taxes and any additional fees.

Through a listing on StreetEasy, they connected with Michael Wohlfeld, a broker with Bond New York, who began showing them listings in Dumbo, Williamsburg and Clinton Hill, in Brooklyn, as well as Lower Manhattan. The search took more than a year, but they knew they had time to be deliberate because their West Village lease didn’t end until January 2022. In all, they saw 35 apartments.

“It was a long one, because they got caught with the Covid buying craziness that went on,” Mr. Wohlfeld said.

Among their one-bedroom options:

Find out what happened next by answering these two questions:



Source link

Tags: affordablebasicsBrooklynManhattanOneBedroomSeeking
ShareTweetShareShare
Previous Post

MongoDB Stock: Approaching A Buy Point, Don’t Rush In (NASDAQ:MDB)

Next Post

Facts are hard to come by in Pennsylvania politics

Related Posts

Follow the Demand: Finding Growth Opportunities in a Challenging Housing Market

Follow the Demand: Finding Growth Opportunities in a Challenging Housing Market

by Index Investing News
June 4, 2026
0

The housing market is shifting. Existing-home sales remain sluggish, competition is intense, and buyers’ expectations are evolving. Yet while some...

Just Listed | 12871 Briarlake Drive #103

Just Listed | 12871 Briarlake Drive #103

by Index Investing News
May 27, 2026
0

Light and bright condo for Sale in Eastpointe ELEGANT IN EASTPOINTE2 Beds | 2 Baths This updated condo is light and...

 Million Airform ‘Bubble House’ Was Built Using a Giant Balloon

$2 Million Airform ‘Bubble House’ Was Built Using a Giant Balloon

by Index Investing News
May 23, 2026
0

Architect Wallace Neff's iconic Airform "bubble house" has returned to the market in Los Angeles County for the first time...

Inside Actress Andie MacDowell’s Sprawling South Carolina Home

Inside Actress Andie MacDowell’s Sprawling South Carolina Home

by Index Investing News
May 19, 2026
0

In 2023 the actress Andie MacDowell turned 65 and took due note of another milestone: She had been living in...

Curb Appeal Isn’t Just For Listings. Agents Need It, Too

Curb Appeal Isn’t Just For Listings. Agents Need It, Too

by Index Investing News
May 15, 2026
0

The next time you’re telling your clients to spruce up their listing, coach Darryl Davis writes, take a look at...

Next Post
Facts are hard to come by in Pennsylvania politics

Facts are hard to come by in Pennsylvania politics

Links 9/15/2022 | naked capitalism

Links 9/15/2022 | naked capitalism

RECOMMENDED

Can You Survive The Squeeze Of two % Commissions? The Obtain

Can You Survive The Squeeze Of two % Commissions? The Obtain

August 11, 2024
WWE announces major show in September

WWE announces major show in September

July 28, 2023
Uncommon new vid exhibits ‘uncontacted’ tribe dwelling deep inside rainforest in Peru brandish spears on riverbank

Uncommon new vid exhibits ‘uncontacted’ tribe dwelling deep inside rainforest in Peru brandish spears on riverbank

July 17, 2024
US sanctions six Chinese tech companies for supporting spy balloon programs

US sanctions six Chinese tech companies for supporting spy balloon programs

February 13, 2023
Just Listed | 600 Three Islands Boulevard #109

Just Listed | 600 Three Islands Boulevard #109

October 3, 2023
Western Alliance Financial institution Shines On Margins, Mortgage Chargeoffs Could Cloud Sky (NYSE:WAL)

Western Alliance Financial institution Shines On Margins, Mortgage Chargeoffs Could Cloud Sky (NYSE:WAL)

April 14, 2025
XRP Worth Eyes .0 Breakout—Can It Maintain and Ignite a Bullish Surge?

XRP Worth Eyes $2.0 Breakout—Can It Maintain and Ignite a Bullish Surge?

April 10, 2025
Subsequent Cryptocurrency to Explode, October 10 — PolySwarm, Uniswap, Beldex, Celo

Subsequent Cryptocurrency to Explode, October 10 — PolySwarm, Uniswap, Beldex, Celo

October 11, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In