It's time for the next installment in our rent vs. buy series, in which we use data provided by StreetEasy to compare the sales and rental listings for various properties. Up this week, one-bedrooms on the Upper East Side. We'll cover other neighborhoods and apartment sizes in future weeks. Requests? Leave 'em in the comments or send 'em to the tipline.
1060 Park Avenue #14C (above)
Sale Price: $1,985,000
Maintenance/Taxes: $2,185/month
Total monthly costs when buying: $9,766
Rental price: $7,000/month
Verdict: Rent!
404 East 66th Street #10K
Sale Price: $535,000
Maintenance/Taxes: $421/month
Total monthly costs when buying: $2,464
Rental price: $2,475/month
Verdict: Buy, but this one could really go either way
23 East 74th Street #7E
Sale Price: $1,200,000
Maintenance/Taxes: $1,687/month
Total monthly costs when buying: $6,270
Rental price: $6,500/month
Verdict: Buy!
205 East 78th Street #2A
Sale Price: $435,000
Maintenance/Taxes: $1,295/month
Total monthly costs when buying: $2,956
Rental price: $2,600/month
Verdict: Rent!
404 East 79th Street, #20F
Sale Price: $685,000
Maintenance/Taxes: $609/month
Total monthly costs when buying: $3,225
Rental price: $3,800/month
Verdict: Buy!
· Rent or Buy? Running the Numbers on Five Chelsea 1BRs [Curbed]
· Rent vs. Buy archive [Curbed]
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