By coincidence, Linda Hughey Holt’s two daughters settled in Queens after spending most of their lives in Chicago. “Two Midwestern women met guys who each grew up on Lengthy Island,” she mentioned.
5 years in the past, after loads of visits, Dr. Holt, an obstetrician-gynecologist who’s 70, made a stab at relocating to be nearer to her daughters and their husbands. However she discovered herself unsettled by New York’s steep housing costs and small areas.
“I commented to buddies that I wouldn’t pay $800,000 for 600 sq. ft within the Taj Mahal, a lot much less Queens,” she mentioned.
In addition to, it was simple sufficient to fly forwards and backwards from Chicago. Dr. Holt had lived there her total life, save for 4 years in Connecticut, the place she was a part of Yale College’s pioneering Class of 1973, the primary wherein girls entered as freshmen.
She and her husband, John Holt, a retired medical researcher, downsized a dozen years in the past, buying and selling their suburban Chicago home for a condominium after the youngest of their three youngsters left for school.
“We now have a household place in Maine, and my husband refuses to budge from Maine,” Dr. Holt mentioned. “I don’t have any curiosity in wintering in Maine.” She heads there for summers and holidays. (Mr. Holt is glad for her to be near the kids and grandchildren, however dislikes touring.)
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However the pandemic modified Dr. Holt’s angle towards New York. Not solely had flying develop into tough, however each daughters had been now pregnant, one with twins. She had additionally signed up as a locum tenens doctor, quickly filling in for different docs, which gave her job mobility.
And she or he felt compelled to provide Queens one other attempt. “By some means my finances and housing expectations turned extra lifelike,” she mentioned. She contacted William D. Moye, an actual property agent with Bond New York, who had helped her hunt 5 years earlier and had helped her daughters purchase their properties.
“She was in no hurry,” Mr. Moye mentioned. However now Dr. Holt was conversant in the territory, he added: “We did the legwork 5 years in the past.”
As Dr. Holt put it: “I’ve been stalking New York actual property for years.”
Her impulse was to purchase a “two-flat” — a Chicago time period for a two-family home — for rental revenue. “I used to be naive about this,” she mentioned. Her daughters satisfied her that she didn’t need to be a landlord.
With a finances of as much as $850,000, Dr. Holt hoped to discover a two-bedroom, two-bathroom condominium, so she may have in a single day visitors. “One good factor about being in New York is that individuals need to come go to you,” she mentioned. (Her son, who has two babies, lives in Cincinnati. “If he had been an solely youngster, I’d be in Cincinnati,” she mentioned.)
She hoped for a spot with a washer and dryer or no less than a handy laundry scenario, and he or she dreamed of getting a parking spot. “I’m a Midwesterner and may’t quit my automobile,” she mentioned, which she wants for driving to Maine and to work upstate.
She centered on Jackson Heights, the place her toddler granddaughter lives, and Astoria, the place her equivalent 7-month-old grandsons are.
Amongst her choices:
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