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After immigrating from their native India in 1998, Vidya Jayaraman and Jay Krishnamoorthy settled in Connecticut after which New Jersey, visiting New York Metropolis as a lot as attainable. Work led them to St. Louis after which to Atlanta, the place they lived a suburban life, elevating their daughter.
“We’re empty nesters — chook launchers, is what they are saying now,” Ms. Jayaraman stated. Although their woodsy Georgia neighborhood was suited to household life, she stated, “now that we now have launched our chook, we wished town life as nicely. Town has a lot to supply.”
Their daughter, Rithika Jayaraman, now attends Stony Brook College, on Lengthy Island. The couple, who each work remotely in tech jobs, go to along with her usually.
“I don’t wish to be too far-off from my daughter,” stated Ms. Jayaraman, 49. “I wish to be in nearer proximity to her so I will be part of her life and he or she will be part of my subsequent part of life.”
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Ms. Jayaraman and Mr. Krishnamoorthy determined to purchase a second dwelling within the metropolis, fairly than spend cash on accommodations. Early final yr, they started testing listings with the purpose of shopping for a small place — nothing greater than a glorified resort room — in a doorman constructing for as much as $600,000.
The couple targeted on the East Aspect, handy to the brand new Grand Central Madison terminal, the place they may catch a practice to Stony Brook. They discovered themselves gravitating towards Midtown East, which appeared extra taking place at night time than some areas of the Higher East Aspect.
After seeing a number of one-bedroom co-op models, “I stated, Let’s go a step down and see how the studios are,” stated Mr. Krishnamoorthy, 53. Studios have been virtually as huge in sq. footage, they discovered, however the month-to-month upkeep was usually much less.
“I believed, How can we match our life right into a studio?” he stated.
An alcove studio gave the impression to be the reply, for the reason that alcove may very well be used as a sleeping nook. However the pair had a tricky time navigating the Manhattan market. They encountered excessive down funds, uncertainty as as to whether negotiation was attainable, and a dizzying array of co-op guidelines. They usually felt it was essential to have a rapport with an agent. That didn’t all the time occur, assuming the agent even returned their name. So that they hunted on their very own.
Sooner or later, exhaustion took over. The couple thought-about settling for a spot that wasn’t fairly proper. They thought of giving up.
Amongst their choices:
Discover out what occurred subsequent by answering these two questions:
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