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They Combed the Co-ops of Upper Manhattan With $700,000 to Spend

September 21, 2024
in Real Estate
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When Tom Callahan, a Vermont-born lawyer residing in Moscow, agreed to be the Bachelor of the Week for a Russian gossip web site in 2016, he figured it might be a innocent, if not foolish, pursuit.

Dana Callahan, who was born in Kazakhstan and grew up in Russia after the dissolution of the Soviet Union, spied a behind-the-scenes picture of Mr. Callahan on Instagram and clicked “like.” The DMs flew, and earlier than lengthy they have been an merchandise.

“Dana by no means noticed the article,” Mr. Callahan, 39, recalled. “I didn’t even let her see it till we’d been collectively for years, it was so embarrassing.”

They spent the subsequent two years residing collectively in Moscow. After Mr. Callahan’s contract together with his legislation agency ended, the couple decamped to New York Metropolis, the place Mr. Callahan had lived on and off since 2003, and married. Ms. Callahan, now 32, discovered English and bought her grasp’s diploma in vogue historical past and textile research from the Vogue Institute of Expertise.

The one-bedroom, rent-stabilized house they shared in an Higher West Aspect brownstone was the stuff of New York actual property desires, with its proximity to Central Park, hovering ceilings and ornamental fire. After six years, although, they realized that in the event that they wished to begin a household, lofting their full-size mattress and tucking a crib beneath wouldn’t reduce it.

[Did you recently buy a home? We want to hear from you. Email: thehunt@nytimes.com]

To purchase a bigger, comparable residence in Manhattan, Mr. Callahan, who works at a finance-focused legislation agency, figured they must spend north of $1 million and save for a minimum of one other 5 years. “I’m not from some huge cash,” he stated. “The frequent information I at all times heard was that for under $800,000 in Manhattan, you’re not going to seek out something.”

So that they have been stunned once they started perusing actual property websites and located listings for nicely under $800,000. “It was sort of a eureka second,” Mr. Callahan stated.

When Ms. Callahan discovered she was pregnant final winter, the epiphany morphed right into a deadline.

The couple wished a spacious two-bedroom house — a spot that didn’t really feel like a downgrade from their rental, however at a value that wouldn’t cramp their way of life. To search out it, they knew they must take their $700,000 price range past the Higher West Aspect.

“I wished to have larger home windows,” Ms. Callahan stated. “I wished to have a good-sized lounge” — issues she didn’t have rising up.

She added: “However my dream was simply to have a king-size mattress.”

For assist, they contacted Sargis Mosyan, a dealer with Core Actual Property. “If you happen to go a bit of bit larger above Central Park — Morningside Heights, South Harlem space — the costs change lots,” he stated. “And for a similar value, you may get lots higher area than, let’s say, on the Higher West Aspect.”

Amongst their choices:

Discover out what occurred subsequent by answering these two questions:

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