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December 12, 2006
Co-op of the Day: 135 Amity Street
This 2-bedroom brownstone co-op strikes us a pretty competitively priced at $619,000 given the Cobble Hill location. There are plenty of floor-through places "further out" with asking prices on the $600's. The exposed brick look may not be for everyone, but the place looks to be in good shape, with high ceilings and three exposures to boot. Another bonus: The co-op board only requires 10% down. Think this will move quickly?
135 Amity Street, #2B [NY Times] GMAP
Listing #5303080 [Brooklyn Heights RE]
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Comments
It looks pretty, and has two baths, which is a plus. But that maintenance seems high...
Posted by: Anon at December 12, 2006 11:51 AM
Where does it say floor-thru.
Apt # is 2B. Sounds like more than one apt per floor.
Posted by: Anonymous at December 12, 2006 11:51 AM
Good point. We may have assumed (erroneously) that it was a floor thru since it's 800 sq ft in a townhouse...maybe there's an extension though.
Posted by: Brownstoner at December 12, 2006 11:55 AM
what else can you do to the fire places? can they be covered in something?
Posted by: anon at December 12, 2006 12:09 PM
with today's comments I am starting to think you are taking kickbacks from the brokers.
Posted by: anon at December 12, 2006 12:36 PM
this place seems smaller than 800 sf...look at the "dining room"/living room combo...and no pics of kitchen is never a good sign.
Posted by: anon at December 12, 2006 12:37 PM
Unlike the snobs that patrol this site, I don't think renters think negatively of exposed brick walls...
Posted by: North Sleeper at December 12, 2006 1:13 PM
Exposed brick absorbs too much light. It's not necessarily snobbery to dislike it. They rub me wrong though. Like, “look how raw and urban I am with my exposed brick walls. “ Oh, and they remind me of comedy clubs.
Posted by: Limes at December 12, 2006 1:55 PM
almost $1000 in maintenance in this market? please.
Posted by: anon at December 12, 2006 2:09 PM
The maintenance isnt really out of line for a BH /CH coop and is likely one reason the price is low(-ish). you probably know this but they're not going to adjust the maintenance because the market's soft, you'd just reflect it in the price.
Posted by: Anonymous at December 12, 2006 2:43 PM
I have seen this. It is an odd layout--I think a 1BR and a studio were combined--so there are 2 bedrooms, but the kitchen is kind of small. It's not terrible, though. I have seen a lot of stuff in this neighborhood, and this seemed competitively priced to me.
Posted by: Anonymous at December 12, 2006 3:41 PM
Limes: you obviously don't own a brownstone. There has been much discussion on this site of how exposed brick ruins the aesthetics of true Victorian era brownstones. This has nothing to do with "raw and urban." Do any of us here consider ourselves "raw and urban?"
Posted by: North Sleeper at December 12, 2006 4:14 PM
"with today's comments I am starting to think you are taking kickbacks from the brokers."
you're an idiot
Posted by: Anonymous at December 12, 2006 4:26 PM
I actually feel a bit chaffed and suburban.
Posted by: cobblestoner at December 12, 2006 5:26 PM
what exactly is included in maintenance? utilities?
Posted by: Anonymous at December 12, 2006 5:32 PM
I went to the initial opening house for this. No, it's not a floor-through apartment, but takes up the back half of the buildnig. Strangely, even though it's not a corner unit, it feels like one because it has side windows (it extends beyond the building next door).
Overall, I think this place is nice, but I can't agree that the kitchen is "not terrible" - it is. It's extremely small, almost unusable to someone who cooks a lot. We were very much turned off by this, thinking that we would have to put in some $$$ to take a wall down and open up the kitchen into the living space.
I actually liked the layout, as the combining of the two units created a "master suite." Not something you see everyday in an old building.
And to answer the question above, the maintenance includes: RE Taxes, the underlying mortgage (since the maintenance is 60% deductible, these two items are a big chunk), heat and hot water, reserves, general upkeep of the common spaces, etc. It's definitely high for this size place, even in this neighborhood.
Posted by: grendel at December 12, 2006 7:18 PM
$500 of maintenance is roughly equivalent to $100k onto the price... so, another way to look at this is that the place is selling for $719k and the maintenance is $500...
Posted by: mark at December 13, 2006 9:29 AM
I think it looks liek a good deal.. I live in BH and you don't see much in this price range-- maintenance less that $600 is unheard of, $1000 is only slightly high
Posted by: Anonymous at December 14, 2006 1:09 PM
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