Risky Move… Buying a 99 Year Old NYC Apartment
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- čas přidán 11. 12. 2023
- This apartment is as old as Wayne Gretzky is great, but should you buy it? I don’t think they make them like this anymore…
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It’s crazy how this video posted the day after an apartment building collapsed in the Bronx around 3:30 pm. It shows how New York has to step up its game.
If u can make it there u can make it anywhere lol
Love that this video was uploaded 26m ago according to your comment and it's not 3.30pm anywhere lol
"Don't you just love the hustle and bustle of the big city?"
lmao
I was going to mention that sad news too!
Yes 😮😮😮
I looked it up, it shows a $2,051 PER MONTH MAINTENANCE fee. Not worth it at all
Wow!
That’s absurd. Wow.
That does make a difference. Probably could not afford. Middle class people can't live in NYC.
@@sassycatz4470 The price seems good, but I can't afford the maintenance.
Not in the least
So, your mortgage payment will be approximately $3000 - $4000 per month (@5% and amortization dependant) plus $2000 for maintenance. Holy cow, that’s a lot money!
Your journalism is on point! You had been warning us about NYC buildings crumbling and then a building collapsed in the Bronx. Keep up the good work.
Yeah, it sucks when there's a housing shortage, cuz people are getting away with violations, but really, all of these dangerous buildings need to get shut down, and owners step up their games, ASAP. If they can't afford it, then they shouldn't be owning to begin with. I'm just wondering if that building was owned by the housing authority. It's horrible that the city's own buildings are some of the biggest offenders themselves. But no money for that. Send billions for migrants, because, you know, politics.
was bouta comment bout that
would NEVER live in New York. Trash.
That was crazy! It was a blessing no one was hurt or killed in the partial bldg collapse. Idk how only the corner fell off. I hope folks were allowed to grab some essentials before leaving.
Love, love, LOVE that they preserved most of the interior prewar features -- baseboards, moldings, bathroom features -- and that they kept the original layout, and didn't just knock all the walls down and make it a giant, generic "open concept" Millennial box. This was really nice.
THIS!!!!!!!!!!!1!
...I comment this in like every video, lol. It's so sad when all the character is torn away from these beautiful buildings, and the open floorplans are so tired. Individual rooms are more cozy.
most nyc apartments that are pre-war stay pre-war.
@@j.kristineemmonsyes, used to have it shoved down our throats that open floor plans were a must but it’s actually much harder to heat them and keep them warm. Maybe a smaller open living space makes sense, but on a larger scale I think it would make more sense to have compartmentalized rooms for heat retention, idk.
@@j.kristineemmonsnot to mention the character being torn away!!
I live in a 121 year old apartment in Europe that I bought 5 years ago. My monthly fee is 85 dollars. The rest is paid by the rent from store fronts (3) connected to the building.
It’s in good shape. In my country, you have to worry more about how the new builds are built and will last 😊❤
Yes, I don’t know why everyone thinks it so old🤷♀️ but I live in the Uk in a 105 year old house and I don’t think that’s old at all! Nice place but the fees sound extortionate.
I had a friend in the Netherlands who his job was they figure out the maintenance to keep up the buildings so they don't get so bad you can't fix them
She's lovely 🎉
I do not live in USA and never been there, I just watch these videos while eating as an entertainment.
And now I know more about NYC than I know about my own city thanks to Jordan😄😄
This place is absolutely lovely. Love the well-preserved old school feel of the place, and that building is CLEAN.
$2k monthly maintenance fee is a very pricey pay tag for a one bedroom.
Unfortunately it's NYC, and it's also about location within NYC.
Some buildings are over $4000 maintenance for a 2 bedroom.
The Chrysler building is much prettier than the ESB! Plus - no giant monkey poop!!😂🤣
Ioana is the type of Lady to show you The Best Times In New York! She Rocks.🇬🇧👏
What does she charge 🤤? I can afford it.
The price is reasonable for the eastside of Manhattan, but the monthly charges of $2,000 is a dealbreaker for me. The kitchen in my opinion needs to be gutted and redone. That stove with the butcher block cover is a fire hazard, including the fact the oven is enclosed in a cabinet. Ovens get hot when in use, they should never be enclosed, including the microwave in the upper cabinet. Also I would want a full sized refrigerator.
All yours points are so relevant!👍
Valid points, but ….. an elevator AND a 24/7 doorman. 🎉🎉.
DISHWASHER?
in all manhattan coops it is the same story... Only real owners have small european style monthly fees around 300$ for 100m2. coops are scam.
Full size built ins are ridiculous in such a small kitchen, they could do 2 burners and give you more prep space, also convection oven ares much more efficient. The building looks wonderful.
I agree I think the Chrysler building is better looking than the ESB. It just has more style and detail
WOW, I love these old cozy apartments ❤Nice job Cash❤️🙏
yeah but they took all the cozyness away by making it look so modern. Watch the movie "the Apartment" with Jack Lemmon from the early 1960s?..............now thats COZY. I am really big on "cozyness"
Great video, but you could have explained a bit more about how a co-op works. They’re very common in NYC but no so much elsewhere. The big advantage is that when you “buy” a co-op, you become a shareholder of the entity that owns the building, along with the other tenant/shareholders. In addition to in-person interviews, the co-op will check your finances to make sure you are easily able to “purchase” the unit and cover the maintenance fees (which are set by the board and open for review by all tenants).
Thank you, I've never really understood what a co-op entails
FYI a co-op can refuse to sell to certain people or set odd terms like no mortgages
Co-ops are also harder to sell in the future.
so this is the answer to the title of the video?
I live a couple of blocks from that apartment. It’s a prewar building but I am not worried about it collapsing because we pay to do this thing called pointing every, I believe, five years. The outside of the building is thoroughly inspected by professionals.
THAT LADIES LOOK ON POINT for This sale
I dearly love these videos. I Jjust love visiting NYC even through CZcams. And its SO much cheaper sitting in my kitchen than being there.
The maintenance on this apartment (which includes taxes) is $2051.
Yep. Too high.
Thanks, I just asked
I figured maybe even more, given the doorman. Wowzer.
Damn that’s basically paying a second mortgage
2k$ maintenance lol ? from each apartment ?
There's 74 units , that's like what 150k a month for what ? Elevator , 24/7 doorman and weekly cleanup ?
I agree! Chrysler is prettier ❤
It's nice that apartments like this still exist. Some times maintaining the character of an apartment is better then upgrading the apartment. And now I know what wonder woman does when she's not fighting crime. She's teaming up with cash to sell real estate.
Poyfek comment. I knew that I saw her somewhere before.😂👍
😂😂😂😂
Awesome job cash see you tomorrow and drop like
whoa Ioana is a lovely agent what a W, quite tall too 😯
Older buildings are so beautiful. Book shelves are such a great look. Great find Cash!
Ioana is one of the nicest agent/broker one has ever seen. Good delivery and enthusiastic without over-selling it.
Really a lovely apartment with a lot of charm.
And as always, thank you, Cash.
Lol! I was gonna comment that! Forget the apartment, the agent is far more interesting!
She’s beautiful 😻
@@Judybloom799 I love her accent.
I love this one ! So homey and cute . Love the natural light and the building .
What a beautiful old building, I absolutely love it.😊
Cash- Thanks for sharing this video today. It was great to see such a charming apartment with a reasonable price for NYC. Your energy was right on target. The camera likes you Cash.👍
After I saw the news yesterday about the apartment building in the Bronx collapsing it made me appreciate your videos even more. You take care out there.
Keep going!☮️👏👏👏👏
400 sq' for $485k is a "reasonable" price?? In what reality. No thanks when 2,000 sq' and a 1 acre yard can be had upstate NY for $200. Visit the city if you must, but live elsewhere.
The hoa maintenance fee for this apartment is $2,051 PER MONTH. so the low sale price is bc of the high maintenance fee (this apartment already been on market twice/did not sell and price reduced, cannot sell)
it’s like 7k a month LOL
it's always nice to see romanian people well off in different countries, but it's especially nice to see a fellow romanian being successful in NYC, since it's such a hard place to live in
Damn is that what she is? She’s so fine. I love Romanians I guess
lol
@@jahjoeka
@@jahjoeka Is that what's going on here? I thought she looked creepy so that confirms it. When I was a kid we used to have gypsies come around and ring the doorbell, and while we were distracted at the front door another one of them would go around and sneak in the back door to quickly rob the place.
@@jahjoeka Being racist is not cool 🫣 even if all Romanians were Gypsies, which we’re not, there’s no need for racism
@rh62800 don't get me wrong, i love them, especially after the hunchback of notre dame as a kid it resonated with me. I didn't mean to sound so insensitive about the situation. Im a nigga myself and I still don't feel American.
LOVELOVELOVE the wood floors, chairs, bed, and roof lounge!
I'm just going to say it, Ioana is stunning... Great video btw Cash!
Cakes.
Pixar Cake. @@robinsharkey6658
One thing people that don’t live in NYC don’t take into consideration is cost of transportation. No need to own a vehicle (depreciation, repairs, parking, insurance).
LMAO not do they take into consideration that they are spending 2.3 million dollars on a 430 square foot box that will be condemned in 15 years.
To be fair, I would wager most people in NY pay more for transportation then people who own cars elsewhere. A 30 day metro card is $132, plus any additional cabs, citibikes or ubers you end up using. I own a car, an pay about $50 a month for insurance, $60 for gas and lets call it $100 for depreciation (this is high, but I don't buy new cars, but prices are higher now). When I bought my home the mortgage was $1400 a month for 15 years, the house would be 50-100 higher now, so we will double it to $2800 a month for a 15 year mortgage on a 2000 square foot house (that is probably close to average in TX). So, add in the $210 for a car, and we have about $3k for a property 4-5 times the size, for less then half the price (my house was 31 years old when I bought it). Realistically the house was cheap enough, I paid it off in 5 years, now I just pay property taxes, which is about $4-5k a year.
Very charming, old school, apartment in an old building with character. I love the lobby with the old mailboxes and old fixtures. That basement, with the laundry is very clean, bright and immaculate. Great roof, with the seating...potted plants and views. You can't beat the price for NYC.
Great building. The $2,051 a month maintenance is being used wisely. Nice to see quality pre-war buildings on your channel.
2k$ maintenance lol ? from each apartment ?
There's 74 units , that's like what 150k a month for what ? Elevator , 24/7 doorman and weekly cleanup ?
@@eugene4950 That money would go into an account for things like building maintenance and repairs. You know things like plumbing and heating maintenance and upgrades, painting, janitor service for the common areas. The list is long. It's like owning a home, you need cash for constant repairs and maintenance.
@@eugene4950
It's a very old building so maybe structure maintenance is also in the picture.
@@eugene4950it’s the common charge, which includes taxes and utilities. And debt servicing on major renovations.
2K???
That's the embassy of Namibia! A country in South West Africa and I'm currently watching your video from. I used to live in NYC and and I've been watching your videos for some time now. I miss NYC and enjoy watching the apartment videos, but I def don't miss the NYC prices haha. Anyways seeing the Namibian flag and embassy made me happy :)
Was wondering if someone from that country is seeing this when he mentioned the embassy...
Ioana looks EXACTLY like Bettie Page. The apartment is nice too!
She looks like Jane from breaking bad
Shes looks like ana de armas
She looks like Uma Thurman in Pulp Fiction!
The video you made about building collapses was so prescient.
At 100 years old, it’s bumping up against the end of concrete’s lifespan. You’d want an engineer’s study of the foundation - is it concrete or stone? How is it holding up? Also, when was the last time an electrician thoroughly checked the wiring? Is there still some knob & tube lurking in those walls? I recently briefly considered a charming old apartment in a different city, but decided it was too great a safety and financial risk.
Depends on the concrete. The Pantheon is still going strong pushing two millennia!
@@amandagreen4332 Roman concrete is made in a very different way to modern concrete, though. Some modern types crumble after just decades. In that perspective 99 years is not too bad.
What about all those brick buildings in Europe 200-300 years old and still standing strong. I agree foundations need to be considered but concrete or motor mix 🤔
What's better, stone or concrete?
Congratulations on your channel growth in the last 6 months or so🎉 looks like your hard work is really starting to pay off. Your subscribers your views.. you're doing a great job and people are really starting to notice. You deserve all of it!!
The 2k a month fee is killer long term.
There's a CATCH. $2050 a month maintenance! $25,000 a year goes AWAY!
Loving this apartment Cash and the price is cheaper than I expected. The monthly charge of $2051 is a killer!
LOL is that monthly charge a "condo fee"?????? Even in here in the expensive Boston burbs its about a quarter of that.
With that age it is definitely a 'killer' 😂
Hey but she said the amenities are free, lol.
@@1110karinThe fee covers the amenities, so not exactly free.
I agree! The Chrysler building is my fave, has been for many years!
The lobby of the Chrysler Building is drop dead gorgeous.
Beautiful apartment. I love the Chrysler Building the most! Inside and out, it’s gorgeous.
Thats a very beautiful living space & living place in so many ways 🎉🎉🎉
Betty Page is back. (We're saved....)
😂
Nah this is crazy an apartment video after part of an apartment building just collapsed in the Bronx YESTERDAY
Nice layout, I love the cutting board that slides.
Cash eres una máquina haciendo videos, y todos con temas interesante, sigue así
I love your videos ❤
Im from Australia and thinking of visiting New York on our next holiday 😊
Ioana is a tall drink of water.
How tall is cash, how tall is she?
@@wadebarnett2542 cash a round 5 foot 10
Dude...I think you hit it out of the park with this one. Good location, doorman, elevator, laundry room, access to a rooftop deck, and that apartment is pretty spacious for a tiny apartment, I mean a true eat in kitchen? Charming details? $485K? WON'T LAST LONG!
It has been on the market for over a year. The maintenance cost should be half of what it is, I imagine that is what is keeping this on the market.
you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.
Everyone needs income as their tool, emergency fund as their security, investments as their hope, and budget as their control. Get those in place and you'll feel at peace with your financial picture.
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
The cutting board sliding over the gas burners has to be the biggest fire hazard in history.
lol let’s put wood right over a fire 😂😂😂
ya, and with gas burners
New Yorkers use their kitchens?
Do you know what it would take for that block to catch fire, it.could.take 8 hours for that to.catch with a gas cooker flame also it would seriously smoke first setting of the smoke alarm, the cheap ply wood door on the front of the cooker is another matter though
There must be a safety interlock that engages as the board is slid into position over the burners that cuts off the gas. I would hope so anyway.
I love the Chrysler Building! Thank you for the video!
Awesome apartment....great location and views....👍👍👍
Oh New York I’ve been there too bad it was such a long time ago. Thank you. One thing I did march the Macy’s Thanksgiving day parades three times, but not in consecutive years. All those were the days of my my younger years. I just hope New York itself can handle everything that’s coming right now and I have a feeling that it might get worse before it gets better. I hope my fears are not there but I believe that’s what’s gonna happen. Well, thank you for showing off a little piece of New York here and there and thank you for listening to me.
Love your vids bro!!!! U have a great way of showing the beauty side of our city. Also, shorty is thicker than cold peanut butter 💯🤙🏾
So elegant and classy.
This suite is gorgeous!! Beautiful and clean building!! Cheaper than Toronto prices!!
like it Well kept . enough space for a couple .,close dining , supermarket pick up , bus transportation , rooftop view is one of the best i have seen , and a doorman = New York perfect .
There's nothing better than a pre-war building. This is a great unit, the building is immaculate also, which is important. Good location, decent price.
Beautiful and cozy ❤️
Nice apartment, would like to see more of her ❤❤ ;)
Cash, I love the apts. I am in on the concept of living simple, but fabulous at the same time ❤.
I think Cash is obsessed with water pressure 😂😂😂😂 Love your videos.
This is a charming little apartment. A doorman and elevator is a winner! Still want in unit washer and dryer though 🤣
I don’t live in New York… never plan on living there… but I love all your videos and learning about New York. it's so fascinating to me and would love to visit one day!
🚬👴🏿🥃STAY IN MISSISSIPPI AND STAY DERE AND CHEW TOBACCO
Very cute place I love the layout
Oh cash you make me laugh! Real candles?! Love it
Why that realtor so hot lmao
Yes, she's very pretty. 👍
Hottest realtor in a Jordan vid deadass
Thank you for sharing!😅
Yes, that was a stress ball!!! The kitchen is cute and the coop/condo is on the 9th floor. Hahaha!! I am on the 9th floor of my apartment!!! Geezzz!!😅😅😊
I love the restaurants in the neighborhood there as well.😅😊 This is a very good looking vintage coop/condo with great character.😅
Place is very nice.I heard her say that there was no additional fee for the amenities, but. What about monthly HOA fees for doorman etc. because asking price for unit was something I can see many of us being able to pay. Neighborhood was lively. Enjoyed this video Cash.
Beautiful apartment 😍
This makes me so sad after watching how NYC has so many stores closing, being looted, crime up. I love visiting NYC, going to the theatre, great food etc. now I just don’t know😔
I love it!!😍
It’s beautiful with the exception of the AC unit and nasty heater.
Counter balanced light fixtures are the coolest thing! Making the old, new, again.
Merry Christmas to you and our world family
I think this is DEFINITELY in my top 3 FAVORITE apts that I've seen on your channel.
If I lived in NY I WOULD LOVE to live in that building.
Nice. You are getting closer to Turtle Bay - UN town. Lot of embassies. As you witnessed, it is very charming to be so close to "the city" yet such a residential and active area, where people *live*. I moved first to Turtle Bay 9y ago - I was lucky to land a 1895 studio apartment on the 300s E51; beautiful. There are bars with free popcorn, even. MoMa is nearby, 42nd, the Library, Bryant Park, CP, F E, downtown 15min train. It is just perfect, affordable, beautiful, eclectic, ... all the good stuff. Modern, active, high-middle-class Manhattan experience at its fullest.
Oh man, the river 2 block east. Wow. The bridges... it is such a beautiful area.
Seeing the Chrysler Building is on my bucket list. It's so beautiful. 🙂🇨🇦
So glad you asked about the square footage. It seems like that number is always being kept a secret.
This is my favorite unit ever! I live in a 1969 building in Austin and I wouldn't trade it for anything. thanks for all the cool videos
This is actually a great, decent priced department in NYC. The mortgage + side costs would probably be even much lower than most of the rent for much of the other apartments shown on the channel.
Mate. That bird is absolutely deLUXE! Wow! Shape on her! 😅😍😍
gorgeous and a great deal!
Gorgeous!
A great location and layout that's super efficient in its use of space!
The over $24.5K/yr in carrying costs for such a small place is a bit of a deterrent.
Still awesome crib, that's very convenient no matter where your office is located!
Fabulous! Love
Cash….first class as ever….🇬🇧
I’ll pass on the apartment but Miss realtor on the other hand. 😎
Great videos
I just love how NY lets buildings put up construction scaffolding to save you from falling bricks instead of making the buildings safer. I guess its better than the days of getting splashed by chamber pot dumbing?????
Good morning Cash! Thanks for my daily dose of the best city in North America!
Is it though?
@@MyFriendlyPupYes it is.
I agree! The Chrysler is the best! Followed by the Flat Iron and the Freedom Tower.❤
Greetings from So Cal. I've been enjoying Cash's videos (it's a nice little quick trip to NYC). Our prices for apartments are almost similar in the Los Angeles , Orange County and San Diego areas, (high 6's into the millions) but 485 for a nice apartment like that in that nice of a bldg w/ a doorman.. walking distance to everything and mass transit at your door, that place is actually a steal for the Big Apple. You have to have a car in So Cal, but not in NY which gives a person more freedom. This place will sell quickly.
I was born and raised in NYC, so there was a time this apartment would have been very appealing to me. But today I own a 4973 sqft home on 5 acres in Texas, and as much as I still love New York for various reasons, the thought of living there turns my stomach.
God I stayed in the Bedford hotel on Lexington avenue in 1999 when I visited NY from Ireland its a great location the Chrysler Building was there to welcome me every day and Scottys dinner was where we had our breakfast I think its closed now before we set off on our expeditions ...happy memories....
That's a classic vintage apartment in a classic vintage building. A higher-end unit in a higher-end neighborhood, and for NYC the price ain't bad. The building fee may be outrageous, but you get some class for your money. If I were 50 years younger and had a decent job in Manhattan, I could be comfortable living there.