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How to Buy

A New York City Apartment

Because of the high transaction costs involved in buying and selling apartments in New York City, you should buy an apartment with room to grow over the next 5-7 years. So if you're newly married and planning for children, you may want to keep renting rather than buy a one-bedroom starter apartment.

Do not rely on anyone's claims about square footage of a particular apartment. Bring your own tape measure and run the numbers yourself.