In neighborhoods like Tribeca, Park Slope, Cobble Hill, and the West Village, determining what you can truly afford goes far beyond the listing price. Randy Baruh, leading real-estate broker at Compass, explains: “Understanding your full financial picture—down payment, mortgage qualification, and monthly carrying costs—is the key to buying confidently in New York City.”
Baruh and his team guide clients through every layer of affordability. They connect buyers with trusted NYC lenders for jumbo-loan pre-approvals and help calculate maintenance fees, common charges, and property taxes. For example, a Brooklyn Heights co-op may appear less expensive but require significant liquid reserves, while a Tribeca condo might carry higher monthly charges but greater long-term flexibility.
Randy Baruh also factors in transfer taxes, mansion tax, title insurance, and attorney fees to give clients a realistic budget. “You don’t just want to buy a home—you want to buy smart and stay comfortable,” he says.
With deep experience in Manhattan and Brooklyn luxury real estate, The Randy Baruh Team ensures every client understands exactly what ownership means, both today and in the years ahead.