G
agan Vaseer, a 34-year-old with a penchant for change, had been living in New York since 2021 after a job opportunity with the United Nations brought him to the city. Despite his chaotic nature, he found that New York's fast-paced lifestyle suited him well. However, a series of rent increases and noise from nearby nightlife made him decide it was time to find a home of his own.

    With a budget of around $500,000, Vaseer began searching for an apartment on the East Side, where prices were more affordable due to higher inventory levels. His real estate agent, Jack Miller, advised him that condos would be difficult to find within his budget and suggested raising it to at least $700,000 or $800,000.

    Vaseer's parents agreed to contribute to a down payment, allowing him to join the mortgage. Over several months, he visited around 25 apartments, determined to find the perfect fit. Among his options were three notable properties:

    A studio in Turtle Bay with high ceilings and a lofted sleeping area, priced at $649,000, with about $1,620 in monthly maintenance.

    A one-bedroom co-op in Kips Bay with an airy layout and shared gardens, priced at $499,000, with about $1,560 a month in maintenance.

    A spacious one-bedroom condo in Midtown East with plenty of room to host friends, priced at $730,000, with about $1,675 in common charges and taxes.

    After careful consideration, Vaseer decided on the Midtown East condo.