house
Five blocks to the North of Monday’s House of the Day, this attractive one-bedroom looks like a great first apartment to us. With an asking price of $185,000 and a monthly maintenance of $532, we guessing pre-tax monthly costs of about $1,600; after-tax probably closer to $1,200 or $1,300. Not bad for a real one bedroom with a separate dining area in a pre-war building. How close is the nearest subway?
Beverley Road 1 BR [Mary Kay Gallagher] GMAP


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  1. How exactly does one go about figuring out the “after-tax” monthly costs on a co-op?

    We currently pay $1900 a month for a 3BR in Prospect Heights. We finally have about $30,000 saved for our first apartment, and so I have been figuring that we can afford about $2,000 for the mortgage+maintenance.

    But how should I be taking the “after-tax” monthly costs into account to determine how much co-op we can afford?

    Thanks

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