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#RealEstatePorn: What You Get in Manhattan vs. Merida, Mexico for $760,000

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Mason Majorada

Everyone knows Manhattan is expensive, it has been for a long time. No newsflash there. I lived on that island for 35+ years, until recently when I sold my 350 sq ft apartment (with 12 ft ceilings, one block from the Whitney Museum in the West Village, with a street entrance) for $595,000. I bought and renovated a 2,000 sq. ft former gas station 2 hours north of the city in the Catskills as my art studio, shop and gallery for 1/4 of that.

Right now I’m in Merida, Mexico on the Yucatan Peninsula (3 hours west of Cancun and a short flight from Miami or Mexico City) where a lot of expats have winter houses, so I thought a Manhattan/ Merida comparison would be fun. A real estate broker friend, Ross Schiering, just sold a spectacular house he designed and built, Mesón Mejorada, for $760,000, so that was my budget for a New York comparison. It is enormous with 4 bedrooms, a huge portico, master suite with a sitting room, giant closets, a shower for 6, and tree atrium facing the pool, pavilion, yard, roof terrace and more. (The downside with anything in Merida? All cash.)

For that $$ in the NYC you get a nice little one bedroom apartment in Soho. It’s sort of the difference between a used Kia Sportage verses a new Mercedes 450SL, but in the used Kia, you can get to MoMA in 10 minutes, in the Mercedes it takes 10 hours.

In NYC this is a one bedroom in SoHo on Thompson Street on a great block. It’s not a steal but it’s a competitive price for good apartment with a reasonable monthly maintenance of $900. (No photo of the bathroom, so it must not be so hot…)

I’m probably not getting a house in Merida anytime soon (prices are rising fast) but now you CAN get a fixer-upper colonial house in Centro for $60-100,000. You’ll need to put that much more into it for updated wiring, new kitchen bath and a pool. Here’s a newly renovated one I was in last night for a party that is $289,000.

And here’s an amazing one new to the market for $699,000. Have a look around to see what you can get in Merida for YOUR cash $$.

Thompson Street

Mesón Mejorada

Thompson Street

Mesón Mejorada

Thompson Street (The listing says; “Custom Kitchen Cabinetry, Open Kitchen”

Mesón Mejorada

Thompson Street

Mesón Mejorada

Thompson Street

Mesón Mejorada

Mesón Mejorada

Mesón Mejorada

Mesón Mejorada

Mesón Mejorada

Thompson Street


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