Every few weeks, courtesy of StreetEasy data, we look at listings that are available both for sale and for rent, just for one angle on how the numbers compare. (The data doesn't take into account factors like tax deductions.) This week, we take a look at five studios available in Manhattan. The StreetEasy data assumes a 20 percent downpayment and a 30-year fixed mortgage rate of 4.24 percent.
Address: 24 Fifth Avenue #917 (above)
Sale Price: $400,000
Maintenance/Taxes: $871/month
Total monthly costs when buying: $2,443
Rental price: $2,675
Address: 54 East 8th Street #5K
Sale Price: $405,000
Maintenance/Taxes: $971/month
Total monthly costs when buying: $2,563
Rental price: $2,795
Address: 50 East 8th Street #2V
Sale Price: $399,999
Maintenance/Taxes: $810/month
Total monthly costs when buying: $2,383
Rental price: $2,300/month
Address: 420 West 25th Street #4B
Sale Price: $1,200,000
Maintenance/Taxes: $1,177/month
Total monthly costs when buying: $5,894
Rental price: $6,000
Address: 111 Fourth Avenue #1A
Sale Price: $660,000
Maintenance/Taxes: $673/month
Total monthly costs when buying: $3,267
Rental price: $3,250/month
· StreetEasy [streeteasy.com]
· Rent vs. Buy archive [Curbed]
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