August 1, 2021
Real Estate

The Family That Buys Together Stays Together

“You hear stories about kids fleeing the pandemic to be with their parents, and the opposite happened to me,” said Jose Madrigal Jr. “And, honestly, it feels great.” To wit: His parents are less inclined than past tenants to complain about his stereo sound system.

“I don’t think he ever thought he’d live with his partying college kid,” Bianca Colasuonno, an agent with Compass who has known the family for years, said about the senior Mr. Madrigal, but they were faced with a complicated decision.

After losing their Astoria tenants, the couple tried for a few months to sell the property, but were not satisfied with the offers. Moving into the Astoria home meant forgoing additional rental income, and the couple is unlikely to sell their Manhattan apartment anytime soon, because the market there has been slower to recover and less robust than in other parts of the city.

But…

Read full article here: www.nytimes.com