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 — chicken launchers, is what they are saying now,” Ms. Jayaraman mentioned. Although their woodsy Georgia neighborhood was suited to household life, she mentioned, “now that now we have launched our chicken, we wished the town life as effectively. 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 need to be too far-off from my daughter,” mentioned Ms. Jayaraman, 49. “I need to be in nearer proximity to her so I might be part of her life and he or she might 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, relatively than spend cash on resorts. Early final yr, they started trying out listings with the objective of shopping for a small place — nothing greater than a glorified lodge 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 might catch a prepare to Stony Brook. They discovered themselves gravitating towards Midtown East, which appeared extra occurring at evening than some areas of the Higher East Aspect.
After seeing a number of one-bedroom co-op models, “I mentioned, Let’s go a step down and see how the studios are,” mentioned Mr. Krishnamoorthy, 53. Studios have been virtually as massive 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 mentioned.
An alcove studio gave the impression to be the reply, for the reason that alcove might be used as a sleeping nook. However the pair had a troublesome 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. And so they felt it was necessary 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 of settling for a spot that wasn’t fairly proper. They considered giving up.
Amongst their choices:
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