« Friday On The Record Monday Links »

November 4, 2006

Open House Picks: Apartments

apartmentWilliamsburg
196 Scholes Street
Multiple Units (First Showing)
Aptsandlofts
Sunday 12-2
$495K-$610K GMAP

apartmentBrooklyn Heights
111 Hicks Street, #17D
1 BR Co-op
FSBO
Sunday
$425,000 GMAP

apartmentDitmas Park
601 East 19th Street
2 BR Co-op
Brooklyn Properties
Sunday 12-1
$309,000 GMAP

apartmentFort Greene
101 Layayette Avenue, #10E
Studio Co-op
Corcoran
Sunday 11:30-1
$279,000 GMAP




Posted by Brownstoner at 11:47 AM | Comments (9)
Categories: Open Houses

Comments

101 Lafayette- that is the Griffin right? Would love to buy a one or two bedroom in that building. But I just couldn't see buying a studio there for that price.

Posted by: Anonymous at November 4, 2006 1:58 PM

Why not? Where are you going to find a cheaper one in a better location? The Griffin is a great building and the only pre-war full-service elevator one in the neighborhood. I am putting a junior-1 bedroom up FSBO next weekend and am asking $350k -- does that also sound unreasonable? Email me at ftgreenejuniorone@hotmail.com if you are interested in seeing it.

Posted by: Anonymous at November 4, 2006 2:20 PM

He's trying to help people find something affordable. Idiot.

Posted by: west at November 4, 2006 5:04 PM

Simply a personal preference about what I would or would not want to buy. There's no call for personal attacks west.

Posted by: Anonymous at November 5, 2006 1:38 PM

true, if you're an investor, the studio in the griffin isn't a bad idea. you could let the property value go up while subletting it out for the cost of the mortgage. i used to rent there and even though it's a co-op it acts more like a condo. probably half the people that own in the building are investors.

Posted by: cheapo at November 5, 2006 9:19 PM

ftgreenejuniorone-

Don't be defensive. First poster was making a statement. Plus, I'm not sure how anyone can be so overzealous during the soft market.

Posted by: reality check at November 5, 2006 10:09 PM

FYI studios are almost all there is in the Griffin. Some 1BRs as well. 2BRs, if they exist, are extremely rare and likely very pricey. That said, many of the studios are ~500sf and have eat-in kitchens. Also large closets with potential to change the layout by renovating ('swhat I'm doing). Personally I'd rather have an open studio than a "cozy" 1BR.

Curious to hear what people think of this price though. A year ago I would've expected to see an EIK model in the Griffin for 300k-325k. Is the small-apartment market softening that noticeably?

Posted by: Anonymous at November 6, 2006 1:52 PM

The Griffin used to be a luxury hotel. There are only studios and one bedrooms. Ideal for investors or long term users. With that said, think prewar luxury hotel and if you like that type of architecture than all is well.

Posted by: anon at November 7, 2006 8:28 AM

Brownstoner, thanks for showing apartments that are less than $500k. Please do more often.

Posted by: Anonymous at November 7, 2006 10:25 AM

Post a comment

Please be patient while your comment is published. It may take a moment.

Latest Restaurant Additions