Housing Options in New York

People interested in renting or buying homes in New York can look for New York brownstones or places to stay in the Greenwich Village. Brownstones are popular in the many New York City neighborhoods especially because they have been made popular by TV series like Sex and the City and Sesame Street. They are usually very expensive and highly desired in the real estate industry. Another housing option in New York is finding a place in the Village or Greenwich Village which is a largely residential area in Lower Manhattan, New York.

Greenwich Village is comprised of mid-apartments and 19th century row houses. Some of them are made from brownstone as a construction material. Sullivan Street is one of the most popular streets in the Village that exhibits beautiful brownstone houses. Usually, brownstones home are available for purchase in co-operative buildings. Because they are pre-war apartments, when you buy a co-op you won’t actually own the apartment, you’ll just own shares of the apartment. The deal that most renters make with brownstones owners is called a co-op corporation. The larger the apartment, the more shares the renter will own. Also, the renter will have to pay monthly fees that will cover all the maintenance costs like hot water, heat, insurance, real estate taxes and staff salaries.

People interested in renting homes in New York, especially in the Greenwich Village, should know that almost 85% of all apartments available can be rented only in co-op buildings. Almost 100% of pre-war apartments such as brownstones are available in co-operative buildings also.

Usually, a monthly fee for a co-op is more expensive than for a condo and especially higher if the co-op is an old brownstone apartment. Another thing that interested people should keep in mind about housing in New York is that, when renting a co-op in a brownstone house, all prospective buyers must be accepted by the board of directors of the building.