In Jamaica, a spacious alcove studio asks less than $100,000 to trade hands — but it comes with some fine print.
with strict financial requirements to give low-income New Yorkers affordable housing.)
“The western exposure means that you get a lot of natural light,” he said. “The layout is fantastic.” The co-op is situated in Avalon Terrace: a clean, well-kept building constructed in 1963 with an elevator, a laundry room and a garage. In his StreetEasy description of the property, Cisneros cites rental data on the area to entice bidders: according to the research firm Rentometer, he says, the average rent of a studio per month in Jamaica is $1,980. Monthly mortgage and maintenance payments — the latter being $630, StreetEasy shows — for the property to work out to be less.
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