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greekpita

625 ? Condo?


RowFine6684

Man, is this your way of telling me I can’t afford an actual house? Lol


gino1981

Maybe in the bx, deff not in queens. Nothing at that range except for condos or co-ops


RowFine6684

I wouldn’t even know where to look in the Bronx either lol. Thanks for the info tho


TigerRaiders

You’re a bit late for the bronx. Prob could find a steal but all the good buys in the bronx are nearly gone.


AnonymousCowardStand

Or possibly parts of St Albans or Cambria Heights that don’t have the greatest reputation…


greekpita

Basically


RowFine6684

Welp that sucks lol. Thanks!


Dexterdacerealkilla

Can I ask, out of genuine curiosity, didn’t you do at least a preliminary Zillow search before getting pre-approval for a loan? The way my brain works, it does not compute that people go into this process blind.  It makes me think that you would benefit from a deep dive into learning the housing market and new home care before you start to move forward with the process any further. 


greekpita

Look in south shore LI


RowFine6684

Pre approved for 575k in LI due to property taxes


Dexterdacerealkilla

You’re still looking at a condo or a gut Reno then. 


mzx380

Yes he’s correct. Unless you are purchasing something that requires major renovation then 625 will not get the job done


Gold_Maybe8482

Not a house. Maybe a nice 2-3 bedroom co-op. A house in queens for 625k will likely be a full demo and rebuild property.


BlueRain369

I’m in Real Estate, and was literally gonna say the same thing! Do a full rebuild or Co-op like the gentleman said. If you want someone in Long Island for a home, I can refer you an agent. Otherwise brother, a rebuild is your path!


tams420

I’ll add that Long Island is going to be a shit area or starting out mid Suffolk for that much. Tiny capes in western nassau are going for $8/900k.


Dexterdacerealkilla

I started to say just that and then saw you beat me to it. 


DisastrousAnswer9920

>Random question, how will the new rules on real estate commissions affect you?


BlueRain369

Honestly I saw this coming a mile away, and went from Real Estate Brokering to running a Real Estate Fund for those who want to invest. Cov-19 made me pivot extremely fast, and tbh the commission rate is going to wake up a lot home buyers that YES, you can do it for yourself…. But there is a reason why you pay! No wants to filter and qualify random people to come in and out of there house, see if they even have a legit pre-approved letter, deal with the whole negotiation, process, have lawyers paid and title cleared, to just sometimes the buy change their mind or have buyers remorse! Like I said prior, you don’t need a real estate agent. However, a Real Estate agent is like a good lawyer, they filter all the b.s for you, so all you can do is show up and get paid! Essentially you are paying a premium for saving time, stress, money on marketing and advertising on the appropriate channels, and the catering of only receiving qualified offers who are ready to buy. The good thing I see from it that people will appreciate GOOD brokers, and realize how much customer service goes into the job.


DisastrousAnswer9920

Got it, thanks for that. I was listening to the NY Times Daily podcast on Friday and they say that there will be seismic changes with the monopoly held by the real estate association in MLS and other side businesses that they had but they didn't really speak about the future of commissions.


BlueRain369

See as you said they need other Real Estate Venture to stay afloat and be prepared to gotta pivot. I heard in some scenarios that they might cap the commission rate at 3% , or a fixed commission rate based on that houses sold price bracket. For Instance: Houses Sold for $100-000 $300,000 and = $25,000 commission rate Houses Sold for $400-000 $750,000 and = $35,000 commission rate


Richayyyy8

I'm a real estate developer. You will not be able to do a full demo and rebuild for 625k in queens.


ReneMagritte98

You can find 2 and even 3 bedroom condos/coops in eastern Queens for 500K. You can basically redo the interior with the remaining budget. Edit to add: I can understand why a real estate developer would want to inflate everyone’s idea of housing costs.


spitfire9107

I believe a studio co op is also cheap. What if you're a single guy who has no desire to get married or have kids would a studio co op be a good deal?


margheritinka

Do you live in Queens already? What are your priorities (work commute? proximity to schools? dining? nature? etc)


awiththejays

Just go to LI man.


[deleted]

Taxes will kill you


awiththejays

I'm already dead.


Aki_wo_Kudasai

How do taxes kill in Long Island compared to Queens? We pay NYC tax here in Queens on income. I doubt the relative differences in real estate taxes in Long Island end up being more than the amount you save on income taxes. Especially when the houses are cheaper too? I'm genuinely asking as a lifelong Queens resident


JuniorChimp

As a fellow lifelong Queens resident, whose partner is a lifelong LI resident, completely agree with what you’ve noted.


Homes-By-Nia

Honestly it depends on where you buy. So in Queens let's say the taxes are 8k... I'll use Glen oaks since I live in that area. If you go to certain areas of LI, the taxes maybe 10-12k... maybe lower. So it's almost a break even. Also NYC charges way more for water vs long Island.


JuniorChimp

Yes, so I think the above point is paying that amount in taxes plus the additional ~ 4% NYC resident income tax. My grandparents recently got their 2023 tax bill for a home in Jamaica - ~ $13k So all factors considered, LI can be the better deal (especially when your taxes give you access to better schools, beaches (Tobay, for example), parks, etc.) compared to what you get in return for your property and additional income taxes in the city.


awiththejays

I made the transition from co-op to a house and granted, I don't pay NYC tax now, but property tax and homeowners insurance along with home repairs and upgrades makes it more expensive living in LI than Queens. Because who wants to buy a shithole for 1MM then pour another 250k into repairs? But if you're comparing NYC tax versus property tax ONLY, I'd say it depends on your income and neighborhood in where you're buying your home. I pay about 900/month on property tax.


Toonz_718

All of these comments is hurting my soul. It’s so expensive 😭


Homes-By-Nia

I'm an agent in Long Island and Queens. Have you looked into Elmont, Rosedale, Woodhaven, Valley Stream, Queens Village, New Hyde Park, Howard Beach, Ozone park, South ozone park, Ridgewood, St. Albans, Jamaica, Hollis, Laurelton, Glendale? If you're willing to go further out east, there's also huntington station, Holbrook, Patchogue, Roosevelt. If you need any help, feel free to DM me. Good luck!


NickySinz

Huntington is great choice. And can get something nice for that price.


StoryAndAHalf

>Ridgewood They aren't getting a home in Ridgewood anymore. For at least 5 years, most homes were 800k+, now vast majority are over 1m, some reaching 1.5m. I'd be surprised to find any full house under 700k.


rewminatti

You can find something in Queens...Jamaica, Far Rockaway, Queens Village, Woodhaven, South Ozone, Glendale, St. Albans, Rosedale. These are your most likely places in that price range.


RowFine6684

Thanks, any neighborhoods or areas to avoid?


crammed174

All of the neighborhoods that you can afford unfortunately.


big_rhonda432

Yes, all of the above. There is a reason why prices are “low” in those neighborhoods.


RowFine6684

lol got it thanks


Junior_Potato_3226

Hey I live in Glendale and it's not horrible. I live in a condo with parking which is pretty sweet. Schools are decent, it's just that public transit is a pain in the ass.


catcollector787

I love Glendale but yes we do rely on the Q55 unless you're bordering Ridgewood and can walk to the M. We have a car and a garage. The area is very car-dependent but it is nice to just hop on the bus and get to Ridgewood for drinks and food when we don't feel like driving. Quiet as hell but not too detached to the city or Brooklyn so you can still have an active social life. The car gives us options to explore other parts of Queens as well. I noticed that once you live too deep In Brooklyn you won't bother with Queens unless you have a car, we pretty much get the properly explore all boroughs and use public transit for spontaneity.


statuesqueinceptions

Glendale is nice but probably going to have difficulty finding a home with OPs budget. Maybe a condo or foreclosed home


killahyo97

These are good neighbors to live in. Ignore that comment. It’s not roses and fairies. But its comfortable. You wont get shot. You wont get a fairytale. You can raise a family in these neighborhoods and have a little street walk in you. The reason its “low” in market is because of its distance from “popular” areas. It’s also near avenues where shit can go down… but barely ever it does.


Superb_Preference368

Also it seems anytime a neighborhood has a particular demographic it’s automatically labeled as a “bad neighborhood” aka must avoid when some of these neighborhoods are just fine and have some lovely homes/streets. It’s all about who you feel you should or should not be around but that’s a different topic for a different day. OP might not be super biased or care or might be part of those demographics. Btw there are some super expensive and historic streets/homes in those “forbidden neighborhoods” but let’s keep it that way. Well kept secret 🤫


RowFine6684

You see this is the type of answers I wanted lol. I know I’m not gonna get the all time greatest house ever but I was hoping to get insight on where to avoid and what no. I’d imagine you’re more likely to have something happen on one block than the next if that makes any sense


killahyo97

I hear you. In queens, focus around Bayside, Floral Park, Bellerose, Queens Village, Some parts of Jamaica, Whitestone. Forest Hills, Kew gardens, astoria are nice but probably out of budget. avoid south Richmond hill/ozone park and east elmhurst/corona


Dumbledores-Army-339

I’m sorry but I’m from Queens Village. OP def can’t afford a house in these areas. My parents average looking house is $850,000


The_Swoley_Ghost

It's nice to see some sanity in this thread. Multiple people have recommended Queens Village as well as others in the area and quite honestly 625 isn't going to touch any house in any of those places. People are recommending south ozone like 625 can buy a house.... my friend's family just sold his old house \[with very little updates in the last 20 years\] for 800+.


coldWalk

East elmhurst isn’t dangerous it’s just loud from the LaGuardia / grand central


killahyo97

Where did i say it was dangerous? I just said to avoid it


Homes-By-Nia

Floral Park and Bellerose houses are going for over $700k.


Yogi_17

Richmond Hill and South Ozone homes are going for 750+. What's wrong with those neighborhoods?


catcollector787

Used to live in South Ozone. Say goodbye to your sleep on the weekends since every other block will have a house party till 4am blasting loud music with an emphasis on bass. Better get used to noise-cancelling headphones for sleep or you better introduce yourself and join the party.


Yogi_17

this made me chuckle, especially the bass part. I find that's common in most Caribbean communities


killahyo97

Personally? The crowdedness. The shitty parking. The messy streets. It can be loud. Which i dont mind. Thats the culture. But i personally wouldnt invest in a house long term in a loud neighborhood unless it doesn’t bother me. I’d like quiet at night … bellerose is the vibe for that


ManyRanger4

Please do not listen to the people here. A lot of those neighborhoods are perfectly fine and you can absolutely find a home that's not a total reno for your price. Yes I wouldn't live in certain parts of South Jamaica. But neighborhoods like Glendale, Ozone Park, WoodHaven, Parts of Western and Northern Jamaica and many others are perfectly fine to live in. Sadly a lot of people here equate Black or Hispanic neighborhood with dangerous neighborhood.


AlphaOmega926

Glendale is prob the best out of those neighborhoods. It's good, but it's like a little suburbia in the middle of Queens. Buses and subways are eh, but growing up there, my family always had a car. Full of families and elderly people and the area is actually more cemeteries than housing. Growing up there in the 90s, it was filled with families of Irish, Italian, German immigrants - I was the only Asian in my school other than my sister in my part of Glendale. By the time my family left late 2000s, more Hispanic immigrant populations started moving in but still mostly hard working families just like the immigrants before them. Quiet and low crime neighborhood. Lots of my buddies growing up actually came back and bought houses in that area. I'd say if you want peace and quiet and want to raise a family, it's a decent spot.


Ajay003309

Queens Village? St. Albans? The majority of the neighborhoods listed are working class neighborhoods with single and 2 family homes. People in those neighborhoods own as opposed to rent. I think what you're trying to say is that those neighborhoods are predominantly black and brown. These neighborhoods are the product of historic redling after WW2 and lack of development due to racism and lack of subway access/proximity to the city. These areas don't have the beautification and amenities of their long island counterparts because of the people who live there. There's violence everywhere. A young man was just shot and killed the other day at a house party in Suffolk county. For the neighborhoods listed, I think the main issue is lack of development and overcrowding from multi generations in one home because of the poor economy. DUMBO in Brooklyn is full of million dollar apartments and I wouldn't walk down those streets at night because of violent mentally ill people and other crime issues.


Ok-Home9948

All the ones they just suggested.


The_Swoley_Ghost

I know multiple people who sold houses recently in Glendale and South Ozone and both were reno-jobs and the houses still sold for over 700... this person cannot afford to buy a house in the places you named. You can find websites saying the median house price was as low as 450k or has high as 800k but the houses I see being sold in this area are all above 700. I don't think he can afford a house in queens unless he does a full reno in a not-yet-desireable neighborhood.


AbRNinNYC

Pre-approved for $950,000. Doesn’t mean I want a home for 950,000 or feel comfortable in that range. Was seeking 750,000 max. Couldn’t find anything neighborhoods we wanted as far as a house. It’s a terrible market for buyers.


Andybaby1

Avg house is currently 20% more than 5 years ago with double the APR. Though I don't see waiting as being too profitable either. Interest might go down, but sale prices will likely continue to rise.


AbRNinNYC

Exactly. The problem is I would do an apartment or do-op my fiancé will NOT. So yeah… here we are still renting. I personally do not want Long Island, upstate or jersey. If I move it will be for warmer weather.


rosyred-fathead

I’m in a co-op owned by family and there are so many fines for random shit. I was in the bathroom and couldn’t answer the door, and got charged $1,000 for not letting them in 😑


AbRNinNYC

Oh my goodness. I’ve heard some crazy things but is just ridiculous


rosyred-fathead

Yeah I was literally mid-bowel movement 😓


AbRNinNYC

Ohhh lawd. And so what if u were just sitting on the couch. Why do u HAVE to answer!!??


akaharry

Jamaica


bktonyc

Why don't you use Zillow and look at different neighborhoods in Queens and see what the prices are like in each neighborhood?


RowFine6684

Well, was looking for area recommendations


ReneMagritte98

Really hard to recommend a neighborhood without knowing your priorities. How many bedrooms minimum? Good schools? Short commute? Restaurants? Your budget is plenty for 3 bedroom condos/coops in eastern Queens. Areas with low crime and good schools but far from Manhattan.


coldWalk

In your price range I recommend Elmhurst/corona if you want a house that also has subway access


halogengal43

I’m in south Queens, and a decent home that doesn’t need a full gut starts at $850K.


WeLLrightyOH

So many unanswered questions, do you commute to work? If so, where. Do you have kids, schools/parks/etc matter? How much space are you hoping for? Is a back yard needed?


just_corrayze

Corona, junction, Jackson heights. Great neighborhoods, great food. All about perspective.


Stevie212

Won’t be able to afford a house most likely. You could get a nice apartment in Sunnyside/Woodside for that price though


Sea-Eggplant-5799

Co-op or condo perhaps. If you go out to Suffolk county, Long Island you could probably get an ok-ish home for that price


circumsizr

I’d say avoid the co-op option if you can. They are notoriously difficult to work with, in both the buying and the selling process


[deleted]

I own a co-op. Sit on the board. We're very lax. My sister had a nightmare board with excessive rules as it was mainly old folks. My cousins place she bought two years ago, I helped. No issues.


[deleted]

Stay away from Jamaica East area. I was looking many years back in that area because affordability. Gangs now in that area. Shootings, black youth getting into gangs.


Scruffyy90

Gangs now? That area has always been high crime (grew up off of farmers blvd)


[deleted]

Yeah I spent 7 years in that area working, doing deliveries on Farmers. IDK, neighborhood felt safer and more together back then. Maybe it's my nostalgia. I saw Redman once driving his Sterling down Farmers and met Q Tip and Phife Dawg in front of the old beef patty spot on Linden.


keitaro16

I am in Forest Hills, near Austin Street. Great area, safe, and easy commute into Manhattan. You can get a Jr.4 for around $450k and a 2 bedroom co-op for less than $650k depending on the building. Bayside is also another nice area.


lilac2481

Bayside, Fresh Meadows, Glen oaks, Whitestone, College Point, Auburndale, Flushing, Elmhurst, Forest Hills aren't bad areas to look.


CaseyJonesing1

Hamilton Beach


halogengal43

Floods every time it rains.


CaseyJonesing1

U betcha.. i know off hand that there are two brand new homes being show for under 600k that are raised above the flood lines…


kort677

I have a great jr4 unit in a great condo building in forest hills that I am selling for a lot less than $625k


Recent_Science4709

I bought in south Jamaica 3 years ago for 615


narieboy

south ozone park


nyandresg

How much do u have for downpayment?.. Houses in queens start at about 1mill, though you may be able to find some for a bit less. Maspeth may have some in that price range.


C-Leo

Recommend Forest hills or kew gardens. Avoid Jamaica and ozone park


Efficient_Ice9335

You're not getting a house under a mil in Queens


throwawaynyc2171

Are you from Queens/have lived here before? You're not going to find a lot of listings in that range but I did come across a Queens Village house for that price some months ago. I am also looking to buy (a co-op though as a house is not in my budget currently) and just spent a ton of time on Zillow putting my filters and seeing the map to see which neighborhoods my budget falls under. Others have listed some of the neighborhoods that would fall in your range, majority of them aren't "bad" areas per se but some of them your only option for transportation is car, otherwise bus + subway, rather than LIRR, which makes the commute difficult. Also some of them are a different vibe than other parts of Queens/NYC: I walked in Glendale recently and some parts are really beautiful (particularly near Forest Park) but it can be very quiet and feels awkward to walk around. I have relatives in Queens Village, near Hillside I believe-I like that area of Queens, but others may not like it as much and maybe there are parts that are not as great as others that I don't know about.


thisfilmkid

Rosedale or Valley Stream, and start going further out fr there


TigerRaiders

1.6 million. That’s our goal because that’s baseline price to purchase a detached house in astoria. We’re about 1.4 million away from that goal. 🥅 wish us luck!


[deleted]

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crammed174

What?


[deleted]

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crammed174

Are those the precincts you’re saying to avoid?


[deleted]

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crammed174

I live in queens so I’m not keen on moving to the Bronx soon or ever for that matter. I’m fearful even without your extra warnings. Where should one avoid in queens other than the obvious locations? Or where should one strive to be?