Co-op of the Day: 345 Montgomery Street

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This listing at 345 Montgomery Street in Crown Heights had us at the lobby! The idea of getting a generously-sized prewar two-bedroom for just $249,000 also has a certain appeal. A couple of downers though: One, this apartment is on the first floor; two, several units in the building have had foreclosure problems in recent years, raising into question how stable the co-op may be. As for comps, it looks like the apartment above this one sold for $195,000 a year ago. In addition, one apartment on the sixth floor sold for $375,000 in early 2007 and another on the third floor went for $370,000 in February of this year. Think this one has a shot?
345 Montgomery Street [Douglas Elliman] GMAP P*Shark

By Brownstoner |