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Three-bedrooms in Manhattan and Brooklyn for under $1.5 million

In today's overheated real estate market , small apartments dominate , particularly in new developments targeting young professionals . But New Yorkers still have families, and across the board we share a rarely satisfied hunger for space. In keeping with that theme, here are 10 three-bedrooms in Manhattan, Brooklyn (and on Roosevelt Island , which is technically part of Manhattan) for less than $1.5 million. MORNINGSIDE HEIGHTS : A three-bedroom, one-and-a-half-bath co-op with 10-foot ceilings, oak floors, new windows, an open kitchen and a Juliet balcony in a prewar elevator building. The building at 54 Morningside Dr., between West 115th and West 116th streets , has a live-in super, a laundry room, storage and a bike room. $1.425 million, plus $1,924 a month maintenance ROOSEVELT ISLAND : A three-bedroom, two-and-a-half-bath duplex with wide- plank oak floors , stainless steel kitchen appliances , new insulated sliding windows and crown moldings throughout. The apartment is in...

What can I afford? A family in need of more space considers their options for upgrading

Space is a precious commodity in New York City, particularly for the parents of young children, and as families grow it can be a major hurdle to find (and afford) the room to accommodate them. Samantha (whose name we've changed to protect her privacy) and her husband, the parents of a four-year-old and a one-year-old, currently own a two-bedroom, one-bath co-op on the Upper East Side , and are wondering whether it's time to move to a larger home.  "We are unsure about the prospect of our next move and whether it would be worth it to move to a rental or buy again, considering the increase in space we need," Samantha says. The couple would ideally like to find a three- bedroom apartment close to a park, in a building with a live-in super or doorman, though a two-bedroom with a separate dining room could work, too. Because of their children, they prefer a building with an elevator, or a first-floor apartment; transit-wise, they're looking for a commute to their job...

Co-Op vs. Condo: What You Need to Know

The New York City housing market is truly a beast of its own. We are living in a world where you can't simply buy a house, white picket fence , and start planting the seeds of your American Dream. Instead, our homes are divided into a series of different housing types. For those of you looking to buy, or simply for those of you looking to understand more about the housing industry in the city, here is a breakdown of the most popular forms of home ownership in New York City: Cooperative Roughly 75 percent of the Manhattan housing inventory is comprised of co-ops. Unlike a condo, co-ops are are owned by a corporation. This means, when you buy an apartment that is in a co-op building, you are not actually buying real property (like you would in a condo). You are in fact, buying shares of the corporation. These shares entitle you to a proprietary lease, which relates your relationship to the building close to that of an investor, rather than a condo building, where you are the outr...

FP Willow Ridge Associates, L.P. v. Allen Twp. and Northampton Borough – CourtListener.com

IN THE COMMONWEALTH COURT OF PENNSYLVANIA FP Willow Ridge Associates , L.P., : : Appellant : : v. : No. 1846 C.D. 2016 : Argued: June 5, 2017 Allen Township and Northampton : Borough : BEFORE: HONORABLE P. KEVIN BROBSON, Judge HONORABLE MICHAEL H. WOJCIK, Judge HONORABLE JOSEPH M. COSGROVE, Judge OPINION BY JUDGE WOJCIK FILED : July 6, 2017 FP Willow Ridge Associates , L.P., (Willow Ridge) appeals from an order of the Court of Common Pleas of Northampton County (trial court) that granted Allen Township ’s (Township) motion for summary judgment against Willow Ridge and dismissed as moot Northampton Bor...

Houston's Trailer Parks Offer Cheap Housing, But Leave Residents Vulnerable

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Duval Mobile Home Park in southeast Houston has 182 lots." />EXPAND The Duval Mobile Home Park in southeast Houston has 182 lots. Stephen Paulsen Elizabeth Perez loves her trailer park . But if she's ever forced to move, at least she has a back-up plan. A chatty 45-year-old with a wide smile, Perez has lived at and managed the Trinity Duval Mobile Home Park in southeast Houston since 2008. Used mobile homes here typically sell for $12,000 to $38,000, depending on their size and condition, she says. She remembers one woman buying a home for just $2,000, using her IRS refund. The Duval Mobile Home Park first opened in the 1950s. It was purchased last year by Trinity Community Group , a trailer park management company — and Perez worried about the future of the park. “I kept thinking, ‘Shoot, they're going to want to tear it down,’” Perez said. “I was kind of scared.” The company promised it would keep the park operational , according to Perez. Still, Perez accepts...