![]() ![]() “I am thinking: I am getting the steal of the century,” he said. The first place he considered was a bare-bones co-op in the East Village for $399,000, with a monthly maintenance fee of $800. Baxter was hoping to avoid having too many stairs.Įarly on, he wasn’t thinking much about an apartment’s condition. And with leg and back problems stemming from a long-ago car crash, Mr. He was hoping for in-unit laundry, but quickly realized that was unrealistic. His preference was to stay in NoLIta or adjacent SoHo. “You’re going to get the same square footage, and it comes down to neighborhood.” Email: you’re in this starter-price range, apartments are all the same,” he said. [Did you recently buy a home? We want to hear from you. Baxter examined his finances and decided that buying was possible. But he discovered that it was fruitless to hunt so far in advance, as departing renters typically give 30 days’ notice. So he called a friend, Ian Matheson, a licensed salesman at Living New York, to help him find a new rental for no more than $3,500.īecause his landlord had given him several months’ notice about the increase, “I figured I had plenty of time to look,” he said. I like the buzz of New York and the energy.”Ī year ago, however, when he learned that his rent would jump by more than 75 percent, he decided that $4,400 for 350 square feet turned a good deal into a bad one. Baxter, 51, a sales representative for a pharmaceutical company. There was a stacked washer and dryer in the bathroom.įriends who visited would say, “My walk-in closet is bigger than this, and my mortgage is half your rent,” said Mr. Baxter, who had lived primarily in Arizona and Colorado before moving to New York, landed a pandemic deal in late 2020, paying $2,500 a month for the nicely renovated one-bedroom - or maybe it was a studio with French doors to a sleeping area - in a prewar walk-up. ![]() Aaron Baxter was happy in his rental in the NoLIta neighborhood of Lower Manhattan, with a view of Saint Patrick’s Old Cathedral. ![]()
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