Co-op of the Day: 309 Garfield Place, #2
The photos are unusually weak for a Corcoran listing, but this parlor floor co-op at 309 Garfield Place has some obvious charms. In addition to the mahogany woodwork and high ceilings, the layout of this place feels more generous than your standard floor-through apartment. The monthly maintenance of $761 ain’t bad either. We wish there…
The photos are unusually weak for a Corcoran listing, but this parlor floor co-op at 309 Garfield Place has some obvious charms. In addition to the mahogany woodwork and high ceilings, the layout of this place feels more generous than your standard floor-through apartment. The monthly maintenance of $761 ain’t bad either. We wish there were some photos of the bathroom and kitchen, however. It would make it easier to weigh in on the asking price of $850,000.
309 Garfield Place, #2 [Corcoran] GMAP P*Shark
I saw a place just like this for sale in Bed Stuy last year for $699,000 — only this was the parlor floor and you got the whole rest of the house with it for that price. Newly renovated too, with a spectacular kitchen and baths with a marble and nickel sink from Urban Archeaology.
The problem here isn’t the layout. It’s trying to fit an entire family into one floor of a house. In fact, they’ve done a pretty good job of adapting the existing layout, except for that stupid bathroom that juts into the living room.
I saw a place just like this for sale in Bed Stuy last year for $699,000 — only this was the parlor floor and you got the whole rest of the house with it for that price. Newly renovated too, with a spectacular kitchen and baths with a marble and nickel sink from Urban Archeaology.
The problem here isn’t the layout. It’s trying to fit an entire family into one floor of a house. In fact, they’ve done a pretty good job of adapting the existing layout, except for that stupid bathroom that juts into the living room.
I would turn the MBR back into the living room, and figure out some way to turn the current living room into a bedroom with outdoor space. Perhaps leave room for a dining area off the kitchen. There’s plenty of space here, but it’s completely bass ackward.
“the Japanese have a different approach to residential real estate. They view a home as a depreciating asset.”
I’d call it an EARLIER approach. We shall soon follow. 😉
***Bid half off peak comps***
Thank you all. I thought I was crazy when I saw DIBS’s response to my comment about the layout. Totally not my bag.
By Nomi on April 12, 2010 2:05 PM
“keep flushing the rent check every month” (BoerumHill)
Sometimes paying rent is more financially advantageous than owning . .. ..
AGREED
http://bk.ly/rbR
It’s the right time for us to buy. I would not presume to know when is the right time for anyone else to enter the market.
Since folks are diverting threads here and there…..
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Benson’s Interesting Discovery About Japanese Real Estate
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A couple of week’s ago I was traveling with a work colleague who is on a 5 year assignment in the US. Soon he will be going back to Japan, and he was discussing his real estate options with me. From that discussion I came to discover that the standard rental lease in Japan is for 4 years (!!!!). The tenant has the right to terminate the lease after the completion of the 2nd year, with no fee charged. If he agrees to the 2-year extension, he must abide by the contract for its remainder. The landlord has no right to terminate the lease at any time, except for extreme conduct like criminal behavior. The rental fee is flat for the entire lease period.
Basically the Japanese have a different approach to residential real estate. They view a home as a depreciating asset. The only thing that appreciates is the land (which is a scarce commodity in Japan, for sure). In fact, they view the housing rent/buy decision in much the same way we view an auto lease/buy decision.
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End of diversion- hope you enjoyed it folks.
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900sq ft between 4th and 5th…jeez what recession????
“keep flushing the rent check every month” (BoerumHill)
Sometimes paying rent is more financially advantageous than owning . .. ..