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Updated over 6 years ago,
<NYC> HDFC co-op in Harlem vs co-op in Jackson Heights
Hi everyone. I am completely new to the forum and the real estate market in general. I am looking to buy a one or two bedrooms co-op for house hacking in New York City in the next few months and looking for some advice. I'm currently looking at co-ops in Harlem and Jackson Heights due to how convenient they are. The HDFC co-op in Harlem is around the same price as in Jackson Heights. Here are a few pros and cons I noticed:
Pros:
HDFC in Harlem (125th or 145th)
- Close to work, especially my company is going to move to Hudson Yards in the next few years.
- Easy to get home even at 2 am on a weekend.
- Gym, supermarkets, and most importantly, central park close by.
- Easy to sublet a room out on Airbnb.
Co-op in Jackson Heights (Roosevelt Ave)
- Close to work, less than 20 minutes door-to-door.
- Close to gym and supermarkets.
- Close to both airports (although I don't travel often, I am dreaming of taking more vocation abroad).
- I have a friend who's willing to rent a room there.
- No flip tax.
Cons:
HDFC in Harlem (125th or 145th)
- Flip tax.
- Hard to sell in the future due to the income restriction.
- Relatively poor co-op management. I heard many are facing financial issues.
- More strict on subletting.
Co-op in Jackson Heights (Roosevelt Ave)
- Will be a bit far after my company moved or if I change to another job.
- Takes forever to go back on the weekend.