Condo of the Day: 430 Clinton Avenue, #4D
We’re liking the feel of this one-bedroom FSBO at 430 Clinton Avenue in Clinton Hill. The clean, modern take on the prewar space is light without sacrificing the charm of the original space. The asking price of $475,000 is quite a bit more than what a one bedroom across the street at the Clinton Hill…
We’re liking the feel of this one-bedroom FSBO at 430 Clinton Avenue in Clinton Hill. The clean, modern take on the prewar space is light without sacrificing the charm of the original space. The asking price of $475,000 is quite a bit more than what a one bedroom across the street at the Clinton Hill Co-ops would cost, but this place has a lot more character and more space; the loftiness of the living area is particularly nice. The asking price represents a premium of about less than 10 percent over what the current owners paid for the place back in the summer of 2007. Think they’ll get it?
http://430clintonavenue.blogspot.com/
430 Clinton Avenue FSBO [Blogspot] GMAP
430 Clinton Avenue, #4D [NYT/FSBO] P*Shark
For less than the price of this onebedroom. You can get 2 bedrooms for $450K in the same building. Corcoran has unit 3C listed at $450K.
I saw this unit. Great, not fantastic renovation. Very bright, airy and open.
Compared to similar unit, it more than holds its own.
However, it was immensely overpriced. Owners never seriously thought they could get $495k, so the markdown to $475 was an obvious marketing ploy. Unit is now priced at $435k with a few brokers (not sure if its exclusive
Even at $435k, which they paid in 2007, it is still overpriced. At $385k, this would be hard to pass up, except:
1) The interior building looks like a rental, has a number of rental units,
and probably the thin walls that go with them.
2) No in-building amenities
3) The exterior building is unremarkble at best.
4) And mtce is $417, and the building is out of abatement and taxes are $200
5) Building pays heat and hot water out of mtce. This cost will likely rise.
.
This is gonna be a difficult circumstance for the owners. I feel for them, since I’m
looking for a condo…and don’t want to end up in the same place.
I saw this unit…twice. Great, not fantastic renovation. Very bright, airy and open.
Compared to similar unit, it more than holds its own.
However, it was immensely overpriced. Owners never seriously thought they could get $495k, so the markdown to $475 was an obvious marketing ploy. Unit is now priced at $435k with a few brokers (not sure if its exclusive
Even at $435k, which they paid in 2007, it is still overpriced. At $385k, this would be hard to pass up, except:
1) The interior building looks like a rental.
2) No in-building amenities
3) The exterior building is unremarkble at best.
4) And mtce is $417, and the building is out of tax abatement.
.
This is gonna be a difficult circumstance for the owners.
I also saw this on Apartment Therapy when it was listed at $495K. Everyone thought I was crazy when I commented that the price was waaaaay too high. Like by 20%. I live down the block in a limestone coop and at the height of the market a bigger 1bdrm with incredible original details sold in my building for $475K. Sadly, that apartment probably isn’t worth close to that now. If you take away the staging from the above—which is fabulous—what you’ve got is a bright, nice-ish white box (with white country-style ceiling fans). Kitchen and bath are well done but by no means over the top luxe.
I like the moxie of the owners to wing it without a realtor but given that they’ll be saving 5% on the commission, and they want to get bodies in the door, they’d have been better off starting out with $399K- $425K MAX. Even with the drop to $475, it’s no doubt going to sit and the owners will have to drop yet again while the place goes stale. Not good marketing.
But here’s to hoping they get their price!
I lived in that building for several years (moved just before it went condo) and all I can say is…ARE THEY HIGH! I never had an incident with any sort of crime while there but there were some issues. I hope they did something about the lack of insulation in the walls between apartments. I do not exaggerate when I say that when your next door neighbor sneezes, you hear it loud enough to say “bless you” and will probably hear them say “thank you.” Also, I hope when the building went condo, they got a new heating system. It was not uncommon to wake up with no heat nor hot water on the coldest winter morning and the Super was very super at all.
For comparison sake, you can buy a similar one bedroom now in Jackson Heights for $300,000. I do think Brooklyn should command a premium, maybe $100,000 or so, not sure.
The 2-bedroom co-ops across the street for the same price seem much more attractive, honestly. It’s a nice apartment, but I think 1-bedrooms shouldn’t be close to half a million anywhere, especially in Brooklyn. I saw this place in Apartment Therapy too… so it’s being marketed pretty heavily, I guess. Good for the owners and I hope they get their price, but I think they also need to be realistic. At the end of the day, it’s a 1-bedroom. Remember in the 90’s when 1-bedrooms started going for a song because there were so many of them? I do, and still regret not buying a place on Mercer Street for $90K, but that is another story.
Uh, and Gates and Vandy isn’t a drug-dealing corner. It used to be a supermarket, and now it is a rental.
According to the police blotter, I see just as many muggings in downtown BK and Park Slope as Clinton Hill. I do agree, and have said, the long blocks and dark streets with houses offset from sidewalks are a little creepy and conducive to crime, but that is what it is. Get a dog.
What is wrong with stringer and 11217 tonight? Why the hate filled posts? There was a young man killed in Prospect Park this past weekend, does that mean that 11217 is leaving? What about Williamsburg and all of those people who don’t wash their hair, and all of the Hasidim and Latinos that live there? Does he find them problematic or a joy to have in the neighborhood, enriching its history?
The beauty of New York is diversity. You can chose to live where ever you want. Live on the UES or the UWS, live in Cobble Hill or Fort Greene, Greenpoint or Bay Ridge, but stop critizing other neighborhoods if you really don’t know that much about them.
The market will determine the price, not outsiders filled with bad opinions and heresay.
Well, congrats on your late night supermarkets. Considering it’s so important to you I would say you are in the ideal spot. You keep referencing the fact that you’re single as if that makes your grocery needs different than mine. I’m only 27 years old and don’t have kids so I would say I fall under the same category of need as young singles. I also enjoy fresh food…I don’t know many people who don’t. I doubt the grocery store, which is a 1 minute walk from this location, closing at 8pm will ultimately be a deal breaker here. Where I’m living now is better as far as bars, restaurants and grocery shopping plus proximity to the train and buses then when I lived on Cranberry and the promenade where people spend millions to live. And by the way, people get mugged in every neighborhood in NYC. I have a friend who was mugged in Park Slope and and a neighbor who was beaten and robbed in Brooklyn Heights.