Co-op of the Day: 160 Henry Street

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This co-op at 160 Henry Street in Brooklyn Heights ain’t for the faint-of-pocketbook. Even if you decide that the $3,250,000 asking price makes sense for this five-bedroom prewar pad, you’re still going to have to find a way to come up with 50% of that in cash. Building rules, sorry. (While it’s a high barrier to entry, it’s also part of the reason you won’t see a whole lot of foreclosures in co-ops like this.) No square footage stats are provided, but given that the monthly maintenance is a cool $3, 845, you gotta figure it’s at least 3,000 square feet, right? Before you start guffawing, keep in mind that a unit on the eighth floor sold for $2,745,000 last summer and financing won’t be an issue given the high downpayment.
160 Henry Street [Brown Harris Stevens] GMAP P*Shark

By Brownstoner |