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by leakybit 3436 days ago
I think that's pushing it a little. With a $1,000,000 mortgage 30 year @ 4.0% APR, that payment would be $57,288/year + $5,000 property tax/year. So someone with mid 200,000/year salary could afford it.
1 comments

That's fair, haven't really delved into NYC real state. That said, I've never seen or heard of a property (condo, house, apartment, etc) for a million in a desirable Manhattan location. Even in Park Slope or Sunset Park in Brooklyn you go over the million mark quick.