Co-op of the Day: 2 Grace Court
This two-bedroom at 2 Grace Court in Brooklyn Heights looks pretty darn good to us at the asking price of $675,000. With a monthly maintenance of $881, this place is cheaper across the board than the similar two-bedroom at 90 8th Avenue that we discussed yesterday. This place doesn’t feel quite as grand, but it’s…
This two-bedroom at 2 Grace Court in Brooklyn Heights looks pretty darn good to us at the asking price of $675,000. With a monthly maintenance of $881, this place is cheaper across the board than the similar two-bedroom at 90 8th Avenue that we discussed yesterday. This place doesn’t feel quite as grand, but it’s prewar to the core, has the elevator/doorman connection and is steps from the promenade. Seems like a lay-up to us.
2 Grace Court [Brown Harris Stevens] GMAP P*Shark
I agree. I viewed this apartment two weeks ago and was absolutely stunned by what an amazing deal it was. THe bedrooms are large and the mirrors make the space look large. This is a great deal for a stunning apartment in a great neighborhood. and i was really surprised because though it is near BQE, you cannot hear it at all. Also, there is a huge roof deck that is perfect for dinner, sunbathing, or a late night drink. This BEATIFUL apartment will not be on the market for long…
this a lovely apartment, best deal in brooklyn heights
this a lovely apartment, best deal in brooklyn heights
“taxes and maintenance stay the same forever”
I hope you’re joking.
“Why pay […] rent to a sleazy landlord, when you can pay […] interest to a reputable bank”
Now I know you’re joking.
We considered this apartment – at 710, I think. With the tightening up of the mortgage market and the extensive documentation required to even apply for the apartment, we had to think long and hard about whether we loved it or not, especially for at least 20% down while showing a significant amount left over in our bank accounts. It just wasn’t amazing. And yes, it felt cramped. Beautiful, but maybe overdecorated? As HGTV teaches you, you have to be able to see yourself in the apartment. And, don’t think less of me, but we couldn’t see ourselves, and our stuff, in that space. Maybe if it were empty it would’ve helped? Who knows.
I think the opening between the kitchen and living room is a big mistake. It clearly limits the ability to place furniture in the room – you cannot place anything in front of it, and as design convention holds, you wouldnt want to place seating facing the kitchen. I would fill that hole up pronto and create a normal living room. (plus the wall would create addiitonal cupboard/counter space in the kitchen).
Owning is always better than renting. Why pay $3000 in rent to a sleazy landlord, when you can pay $4000 in interest to a reputable bank, $1000 in taxes and $1000 in maintenance costs to your coop board? After all, rent goes up every year, and taxes and maintenance stay the same forever.
Interesting tid bit about the windows… so has the board ever considered replacing the double windows with a single, modern sound proofing unit on each window sill facing the BQE. Frankly, the double windows said to me that sound was an issue and it played a big part in me not placing a bid. But had there been only one window in each opening, I don’t know if the thought would have entered my mind.
As for the renovation, sure, the owner could have down something more aesthetically pleasing, but the quality of the workmanship seemed good and the opening between the kitchen and living room is appealing. The owner just needs to stage this place better. Perhaps the new realtor can convince the owner to make some changes. I mean the owner is blocking a major attribute to the apartment by placing the sofa right in front of the opening. Common sense, people! Ugh!
Also, if the same apartment 2 flights up being used as a one bedroom (with better views) sold for $60,000 less, this owner should have come down in price by now.
The roof deck is to die for! It’s a jaw dropping view. Surprised to hear the other resident in this building say that it’s hardly ever used. What a shame.
Owning is always better than renting, period! Equity, equity, equity! What do you have to show for renting year after year after year? Nothing. It’s throwing money away while increasing someone else’s equity.