The rent vs. buy tool built by the team at StreetEasy compares listings that are currently available both for sale and for rent, just one way of looking at the eternal "rent or buy" question. This week, we take a look at five three-bedroom apartments on the sales and rental markets in Tribeca. The StreetEasy data assumes a 20 percent down payment and a 30-year fixed mortgage rate of 3.73 percent.
Address: 7 Worth Street #2 (above)
Sale Price: $2,750,000
Maintenance/Taxes: $2,550/month
Total monthly costs when buying: $12,714
Rental price: $10,000/month
Address: 270 Broadway #PHC
Sale Price: $6,000,000
Maintenance/Taxes: $3,811/month
Total monthly costs when buying: $25,986
Rental price: $25,000/month
Address: 101 Warren Street #3020
Sale Price: $5,495,000
Maintenance/Taxes: $2,717/month
Total monthly costs when buying: $23,026
Rental price: $19,500/month
Address: 366 Broadway #6D
Sale Price: $3,250,000
Maintenance/Taxes: $2,469/month
Total monthly costs when buying: $14,481
Rental price: $15,000
Address: 250 West Street #9G
Sale Price: $3,880,000
Maintenance/Taxes: $1,369/month
Total monthly costs when buying: $15,709
Rental price: $18,000/month
· StreetEasy [StreetEasy.com]
· Rent vs. Buy archive [Curbed]
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