Good deals can still be found in Manhattan if you get creative, reports Citi Habitats agent Francisco Nunez-Fondeur.
Nunez-Fondeur recently helped his client purchase unit Apt 65 at 660 Saint Nicholas Avenue — a two bedroom, 1-bath unit — for $195,000.
Nunez-Fondeur’s client was college professor, and a first-time home buyer.
Her main criteria were location and price. She wanted to stay in Harlem and needed to stay in the $250,000 price range with 10 percent down.
Nunez-Fondeur knew this would mean an HDFC co-op, but many buildings in this program prefer cash buyers. It was a year-long process of finding buildings that not only fit the price range, but allowed financing.
“We found many potential places, but the main issue was usually lack of lenders that would work with us, or the apartments were in terrible shape,” he explains.
Eventually Nunez-Fondeur and his client found “the one.”
“It was a 6th floor walk-up, completely renovated. The clincher was the great view of St. Nicholas Park.”
The apartment was listed for $250,000.
Julia Torrence of Torrence Real Estate represented the seller.