Jackson Heights Life

Not only the bedrooms, the kitchen is tiny--the size one would expect in a studio apartment, not a 2 bedroom/2bath. Price seems steep for what the apartment looks like--however, on the upside, the monthly charges are also tiny. And if you look more closely at the apparent sales throughout 2018, they are not true sales, they are sales between two legal entities--I don't understand what they represent exactly, but actual people don't appear to have bought the apartments, they were sold from one building owner to another?

These are sponsor-owned apartments that have been on the market for some time. The parking spaces are not included with the price. They may be sold separately either outright or be rented out monthly.

Buyer beware: The reason the maintenance is so low is the sponsors are really just guessing what the building's monthly expenses are. The sponsor puts together an estimated budget, which rarely matches real operating expenses. I once bought a sponsor apartment and the so-called "budget" barely covered expenses. Ultimately, we had to raise the maintenance 30 percent to cover our costs.

Another thing to consider: This is new construction. An engineer friend of mine says 90% of newly constructed buildings have leaks in walls and ceilings and very poor quality finishes. And, indeed, that sponsor one I bought had tons of leaks.

These are sponsor-owned apartments that have been on the market for some time.

When did the apartments first go on the market? The one I linked says it's been on the market on 12 days. I realize that's not always accurate and sometimes listings go up, come down and then get re-listed. Is that what happened in this case?

Last spring/summer I noticed they were having an open house but I didn't go in. They have had sporadic open houses since then. I also think they were once trying to rent the apartments. The StreetEasy listings may show that.

Yes, at least one rental is listed. I’m not surprised sales are slow. The finishings look really low end and floor plans not ideal.

I have the exact same ceiling light fixtures in my kitchen which I purchased late last year at Home Depot for
$22.00.  Blue refrigerator and stove? I don't see a dishwasher.  The kitchen cabinets are cheap and you wouldn't expect such a dreadful small kitchen in a two bedroom.  The apartments will most likely get rented. 

that's a nice kitchen...for a studio apt. cant believe they would put that kitchen in a 2 bedroom with literally zero counter space. the CC's are low, though the building doesn't have any amenities so they should be low, but the taxes are on abatement, once that abatement is over the taxes will likely add about $700 a month to the monthly costs.