Co-op of the Day: The $85,000 One Bedroom

We thought the days of finding a one bedroom apartment for under $100,000 were way behind us. Apparently not, if you're willing to go to the far end of Crown Heights. On the last block of Carroll Street, you'll find a 125-unit co-op where a 600-square-foot one-bedroom apartment can be yours for $85,000 with a monthly maintenance of $459. Of course, buyer beware: The listing includes no interior photos and goes the extra step of saying the apartment will be delivered in "as is" condition. Nothing ventured, nothing gained.
1710 Carroll Street [Trulia] GMAP P*Shark
Photo by Nicholas Strini for Property Shark

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You can probably rent in this building for $459 a month.

Posted by: Anonymous at May 7, 2007 1:21 PM

this neighborhood has heavy foot traffic, and transportation is good with the 3 & 4 trains a few blocks away as well as the B46 and B 17 buses. a good investment for someone starting out.

Posted by: aj at May 7, 2007 1:22 PM

That building has been in financial trouble before. Make sure you have a lawyer, make sure you look at the financials and minutes of the bd. meeting
before purchasing. Most often done when signing contract, do it before.

Posted by: Anonymous at May 7, 2007 1:42 PM

What does heavy foot traffic have to do with it? You're not renting a storefront. Do you mean it's crowded at all times of night, so the noise will be awful? Or it's crowded at all times of night, so one would be safe walking home at night?

Posted by: sylvia at May 7, 2007 3:18 PM

too close to brownsville if you ask me.

Posted by: Anonymous at May 7, 2007 5:21 PM

was the price reduced since you posted? i'm seeing $73,000.

Posted by: Anonymous at May 8, 2007 11:30 AM

sylvia, heavy foot traffic meaning that its a busy neighborhood and you would be safe walking home at night, also utica avenue is a busy commercial area so you're close to food shopping, etc. only time you're going to have a problem is labor day weekend because you're close to eastern parkway so its pretty crazy that weekend. otherwise, its a good start-out place.

Posted by: aj at May 8, 2007 12:32 PM

so why is it that people constantly scream that brooklyn and new york are unaffordable when you can buy a place for 73 grand? those are dayton, ohio prices! maybe you don't get to live in your first or second choice hood, but there are places to be had for low cost.

looks nice.

Posted by: anon at May 9, 2007 11:48 AM

« Development Watch: 792 Sterling Place House of the Day: 181 St. Marks Avenue »

May 7, 2007

Co-op of the Day: The $85,000 One Bedroom

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