From a Queens House to a Manhattan Studio With $400,000. Which One Did They Choose? - The New York Times

2022-08-08 19:11:37 By : Mr. Frank Ke

Seeking a pied-à-terre approximating “the nicest hotel room possible,” a couple scoured the West Side. Here’s what they found.

Shortly after their marriage almost six years ago, Ayan Chatterjee and David Krause bought their first home together: a two-story brick townhouse from 1920 in Ridgewood, Queens, which they fully renovated.

As time went on, the two “had the itch to get out of the city,” Mr. Chatterjee said, and began traveling to the Catskills. “At some point, when you hit your 30s, every weekend in the city isn’t so fun anymore.”

The couple, both now 35, had enjoyed renovating the Queens house, so they bought a fixer-upper farmhouse in Greene County, three hours north, for around $250,000. They added a chicken coop and a pool.

“It is a beautiful house, but it is primitive and needs a lot of work,” Mr. Chatterjee said. “The minute you open up walls, you discover problems.”

They call their contractor their “upstate dad” — he comes to the rescue when anything goes wrong.

[Did you recently buy or rent a home in the New York metro area? We want to hear from you. Email: thehunt@nytimes.com]

Back in the city during the pandemic, the couple felt trapped in their townhouse, with its small concrete patio. “That was our only breath of fresh air,” Mr. Chatterjee said.

His job as a producer at MSNBC was fully remote, and Mr. Krause, a founder of a vegan skin-care company, Alder New York, had always worked from home. So they sold the Ridgewood house and moved up to the Catskills with Levi the dog, getting a hotel room whenever they visited the city or when Mr. Chatterjee went to his office. They found it interesting to try hotels in different neighborhoods — but exhausting to live out of suitcases.

So last winter, the couple checked out the Manhattan rental market, even as they heard horror stories about soaring rents. One day, surfing online, Mr. Krause mistakenly clicked on the “for sale” listings and found some surprisingly low prices. For a small pied-à-terre, buying seemed a better deal than renting. “It didn’t need to be more than a place to sleep and shower,” he said.

The couple could afford up to $400,000 for the equivalent of a hotel room of their own. They sought a West Side location — an easy walk to Mr. Chatterjee’s office in Rockefeller Center and to Penn Station, for the train upstate.

They knew they would get no more than a studio in a co-op building. The so-called one-bedrooms in their price range were typically studios with some kind of makeshift sleeping area.

For help, they contacted a friend, Sumi Vatsa, an associate broker at Compass, who had sold their Ridgewood townhouse. “It was about making it the nicest hotel room possible,” Ms. Vatsa said.

This alcove studio was on a high floor in a 1930 doorman elevator building, facing west with a glimpse of the Hudson River. The main room was 280 square feet and had a walk-in closet. The asking price was $340,000, with monthly maintenance of almost $1,100, which covered Wi-Fi.

Chelsea Studio With Modern Kitchen

This studio, in a 1928 elevator building, had a living area of around 175 square feet, with a foyer and a closet. The updated kitchen had a dishwasher and garbage disposal, but no oven. The price was $389,000, with maintenance in the mid $900s.

This studio was on the ground floor of a 1924 building with a doorman, elevator and roof deck. The main room was around 210 square feet, with a closet and a Murphy bed. The price was $399,000, with maintenance in the low $500s.

Find out what happened next by answering these two questions:

Chelsea Studio With Modern Kitchen

Chelsea Studio With Modern Kitchen

A Comfortable Pied-à-Terre: A couple based in the Catskills could afford up to $400,000 for a place to stay when in the city. Here are the options they found.

Converted Industrial Spaces: After an impulsive move from California, a New York newcomer tested her $1.8 million budget in Manhattan’s loft-filled neighborhoods.

An Upper-West-Side Romance: After college, Lily Kaplan watched her friends leave the neighborhood in favor of cheaper rents. She stuck it out, and found a studio she loves.

Seeking More Room: When their home suddenly became their office, a couple decided it was time to ditch their dark Chelsea rental and seek a larger apartment. What did they find?