Mount Morris Park Historic House Tour on June 13th. Photo by Ulysses1. Will Harlem Hyatt Receive Funding?: (50)
2. 30 West 120th Street Brownstone: (38)
3. Sylvia's Worker Saves the Day: (23)
4. 475 West 141st Street Townhouse: (15)
5. More Momentum on 125th Street: (12)
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Does anyone invest in Brownstones together? I currently live on W 119th st and want to buy something. I could afford a condo, but I hate the idea of paying common fees. I woulde love to buy a brownstone, but I want to split it with someone else. Is this common? Is it done by jointly signing a mortgage? or does the brownstone become two seperate condo units? Just wondering how this works and if it is possible. Thanks.
ReplyDeleteBenjamin,
ReplyDeleteWhat you save in common charges you'll more than make up for in real estate taxes. Just a thought. Joint ownership is complicated for many reasons, but it is certainly done.