NYC Coop Abatement Property Taxes

Photo by Mary Hautman

If you pay taxes on a condo or co-op in this city, you may feel like you’re getting screwed. NYC has a bafflingly complicated property tax structure that’s inherently unfair to co-op and condo owners. And the city knows it.

Which is why they created the co-op and condo tax abatement. Taking advantage of this break can shave hundreds to thousands of dollars a year off of a condo owner or co-op shareholder’s tax bills. Here’s how. (more…)

Park Slope Brooklyn Co-op For Sale -- 478 3rd Street

This three-bedroom co-op, at 478 3rd Street in the center of Park Slope, has a sensible layout and some nice detail, most notably a large amount of original unpainted woodwork, which lends the place a calm, homey feel. The unit looks to be in fine shape as well.

None of the rooms are huge, but the living spaces are decent-sized, with a spacious foyer and a separate dining room and living room. The latter features a trio of bay windows and an oversized pier mirror with a bench in that lovely natural wood. The former has a decorative mantel with another mirror and some built-in glassed cabinetry. (more…)

Boerum Hill Brooklyn Co-op For Sale -- 251 Pacific St

This two-bedroom co-op in Boerum Hill has a lot going for it, including a pretty gentle price tag. Located in a 25-unit building at 251 Pacific Street, it’s got light, nice finishes and good-sized common spaces, including a dining room.

It’s not loaded with detail, but it’s got nice moldings and a prewar feel.

It’s also got a few drawbacks, so we’ll get those out of the way. Bedrooms are small. There’s a single bathroom and it’s located by the front door, a relative hike from the bedrooms. The block it’s on is definitely not Boerum Hill’s most charming. (more…)

Brooklyn Heights Co-op For Sale -- 35 Pierrepont Street

Today’s co-op is a stately four-bedroom, three-bath unit on a prime Brooklyn Heights block. Located at 35 Pierrepont Street, it’s a classic seven in form, and it’s classic in the general sense of the word as well, with understated prewar elegance.

Listed by Karen Heyman at Sotheby’s, the place has a fair amount to offer. It’s fully renovated and, unless trick photography has been brought into play, in excellent condition. It’s got nice spaces, a functional layout, good proportions, and light from three exposures. (more…)

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Before us today is a one-bedroom loft at 423 Atlantic Avenue in Boerum Hill, known to some as the Ex-Lax Building. As you’d want from a loft in a converted industrial building, it’s got high ceilings and large open spaces, which can be yours for $845,000.

There’s a single bedroom, generous at 15 by 11 feet. The rest of it is open — a large living/dining space with a wall of built-in shelves and cabinets, and a walk-in storage closet in one corner. Light comes only from one end, but windows are oversized, and we’re partial to those arched ones at the top. (more…)

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Today’s pick is a Cobble Hill co-op that comprises two combined apartments. Located at 220 Congress Street, in a 1952 building, the resulting unit has two bedrooms and two baths.

If if’s prewar charm you’re after, you won’t find it here. But the place has a fair number of pluses. It’s got exposures on three sides, for starters, and is on the top and sixth floor, so we’d expect views and light. The kitchen is attractive and recently renovated, and in general the whole place looks to be in top shape.

The unit also has a lot of built in shelving, a plus for many, and tons of closet space, including a wall of pantry storage in the kitchen. The bedrooms are ample sized, and the master has both a dressing area and a sitting area with a wet bar (aka the former site of that unit’s kitchen). (more…)

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This one-bedroom co-op at 24 Monroe Place in Brooklyn Heights has a classic, elegant look. It’s got picture rail moldings and oak parquet floors that look to be in fine shape.

It all looks to be in fine shape, actually. That includes the kitchen, which looks tiny, but is nicely renovated. There’s no picture of the bathroom, but the listing promises that it’s been “elegantly restored to its original luster.”

The place isn’t gigantic at 630 square feet, but the living room and bedroom are reasonably sized. And they appear to get a fair amount of light. (It’s on a high floor, and a sliver of skyline can apparently be seen from the bedroom window.) (more…)

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This Caton Park co-op at 5 Stratford Road sits right across the street from the Prospect Park Parade Grounds, at the corner of Caton Avenue. There’s a limited amount of information in both the writeup and the pictures — we’d like to see a few more photos, plus a floor plan — but that window-lined living room looks mighty appealing.

We spy some nice details as well, like the decorative baseboards and the picture rail moldings. (more…)