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May 8, 2007
In Contract: Park Slope's $3.2 Million Co-op
When we first saw that this co-op at 9 Prospect Park West that has been listed for the last several weeks at $3.2 million had gone into contract, we did a double-take. This has to be one of the highest, if not the highest, price for a co-op in Park Slope ever, no? But with a moment to reflect, we realized that the price is less than $1,000 a foot and therefore significantly cheaper than some of the apartments at the nearby Richard Meier-designed On Prospect Park. And if you like your buildings prewar, this place is infinitely more appealing. Has anything else changed hands in this building near this price point? What's the skinny on the building?
9 Prospect Park West [Corcoran] GMAP P*Shark
Photo by Kate Leonova for Property Shark
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Comments
True, it's cheaper per sq. foot but you have to factor in that $3600/month maintenance.
Posted by: west at May 8, 2007 11:43 AM
Nice layout:
http://www.corcoran.com/images/media/UnitFloorplans/425757.1.gif
I thought Meier maint was about $1/sqft as well.
Posted by: JL at May 8, 2007 11:46 AM
the $3600/month maint. while high, doesn't seem unreasonable given the square footage....
just look at that floor plan. it's insane!
Posted by: anon at May 8, 2007 11:46 AM
since the previous record for a condo sale in brooklyn was some place in williamsburg...maybe the atelier for 3.8 million last year (but i believe it was more than one unit combined to make that price), does this mean THIS is actually the record holder?
or do co-ops not count?
Posted by: anon at May 8, 2007 11:47 AM
"or do co-ops not count?"
Since co-ops are usually cheaper than comparable condos, I personally would count it!
Posted by: EJ at May 8, 2007 11:50 AM
well that's what i thought in which case this might hold the new record for the most expensive co-op/condo for not just park slope, but for the entire borough.
if we are to make it for SINGLE units as i do believe that one in williamsburg was a couple units combined to get that 3.8 million pricetag.
big news and freakin amazing looking place.
Posted by: anon at May 8, 2007 11:51 AM
For this price I would rather see a slightly smaller apartment with outdoor sapce....amazing layout though.....
Posted by: Anonymous at May 8, 2007 11:52 AM
Beautiful. The maintenance is also much less expensive than my in-law's 5th Avenue (Upper East Side) apartment.
Posted by: anon at May 8, 2007 11:53 AM
OMG, heavenly. A living room AND family room AND library AND formal dining room. That's the life. I love separate rooms for everything. I'm old fashioned that way. The new suburban houses that are built these days repulse me. The giant open kitchen/family room/dining room layout where you have to see everyone and everything all at the same time. And smell it and hear it too.
Anyway, the $3,600 monthly maintenance isn't a factor for whomever bought this. This is a luxury property for luxury buyers who want a full service building, plain and simple. Absolutely lovely.
Posted by: Anonymous at May 8, 2007 11:54 AM
I am happy for the brokers, as I am a broker. Did it sell for the asking price.
Very expensive, but one of a kind. New
Yorkers like doorman buildings.
Posted by: Anonymous at May 8, 2007 12:00 PM
1.Chuck Schumer lives in this building.
2. There was recently a 4000sqf for 4.0m duplex coop on the market a few blocks up on PPW. Not sure if it is contract or off the market
Posted by: Anonymous at May 8, 2007 12:01 PM
Its is lovely - but still nowhere to park in that nabe. Its so annoying.
Posted by: Anonymous at May 8, 2007 12:03 PM
i live a couple blocks from here on the ground floor and if i could tell you how many times i've looked out my window and for what seems like an hour have spots open on my block.
i think you just don't know where to look.
Posted by: anon at May 8, 2007 12:09 PM
i'm guessing with that kind of money, they'll spend the 500 a month or whatever it is for the garage on union between 8th and the park.
should be just fine.
Posted by: anon at May 8, 2007 12:10 PM
Outdoor space? Prospect Park!
Posted by: michelle at May 8, 2007 12:33 PM
Layout is great but I'd rather have a wrap around terrace instead of one of the bedrooms esp with that view. Also unlike 11:54 I like the kitchen that opens into a family room since everyone hangs out near the kitchen anyway--besides there is a separate formal living room.
Posted by: joe at May 8, 2007 1:06 PM
This apartment is awesome. Was it designed this size, or was it originally one or two apartments that were combined?
Posted by: rj at May 8, 2007 1:56 PM
I know several people who live in this building and it's truly spectacular -- on a par with best Fifth Avenue or Central Park West co-ops. A comparable apartment in Manhattan would go for, what, $10 million? More? Though I prefer brownstone living and would spend the same money, if I had it, on a brownstone in the North Slope, this is well worth the asking price for someone who can afford it and wants to live in a pre-war, doorman building.
Posted by: Park Sloper at May 8, 2007 2:45 PM
I'm pretty sure I've been in this apartment--owned by a parent in my kids' school. I think it was once 2 apartments and they were combined. It is across from the Park, great location--top of the line in this Nabe. Has that old UES/UWS feel where you walk right out the elevator into the apt. Wow--what a price!
Posted by: anon in S Slope at May 8, 2007 5:24 PM
I used to live in that building. Hope the new owners don't mind the endless stream of assessments, on top of that maintenance...
Posted by: anon at May 8, 2007 6:20 PM
If the fireplace wasn't "decorative" and actually worked, this would be one of the top 10 apartments in all of New York.
Posted by: Urban Designer at May 8, 2007 6:28 PM
Yes, this apartment has good space and perhaps style.
But, it is in Brooklyn, an overhyped borough which is full of wannabe Manhattanites who are in denial, and say they choose to live in Brooklyn for whatever lame excuse/reason they can think of.
Posted by: overhypedbrooklyn at May 8, 2007 8:38 PM
This is a co-op that thinks it is a Park Avenue building which it is not. The maintenance, knowing this building will double in 3 years! Buyer be forwarned. And watch out for the board. They don't listen to any non board members! Rather sleep in the Park!
Posted by: anon at May 8, 2007 9:04 PM
What's overhyped about paying 1/3 of what a similar apartment would cost in manhattan? Yes it's brooklyn and therefore the discount. If it was the same price and they "chose" to live in brooklyn your comment would make some sense.
Posted by: Anonymous at May 8, 2007 9:06 PM
Well, of course this wonderful deal is contingent on board approval, right? Haven't heard about that yet!
Posted by: Denton at May 8, 2007 9:57 PM
8:38, you must be confusing all of Brooklyn with Williamsburg. As a former manhattanite, I don't think Park Slope, BH, CH are overhyped. However, the market is what it is and if people pay for it, it is technically worth it to someone.
Also I don't think I've met a single Manhattan wannabe in Brooklyn as you stated. Many people do choose to live here you know (it is slower, quieter, more community focused and yes prettier and also has the better view). I'd much rather live in BH than any part of Manhattan esp after having a family. I lived in Manhattan for 7 years and I never knew one of my neighbors names. If anything, judging by the amount of celebrities and people with money moving to Brooklyn, I'd say its the other way around--there are an awful lot of Brooklyn wannabes.
Posted by: joe at May 9, 2007 1:17 AM
pre-war apartment buildings have apartments that are so spacious....my aunt lives on the Q train side of prospect park and her 3 bdrm is huge and she's been there 20+ years (rent-stabilized)....i'm estimating she has at least 1000 sq ft
Posted by: aj at May 9, 2007 11:20 AM
Ocean Avenue in Kensington is another place where you can find the big pre-war apartments for sale or rent. Large scale, grand. There's more and more interest in Ocean Avenue I keep hearing. And there are some nice big pre-war co-op buildings in Bay Ridge too. The old brownstone apartments have the appeal of the leafy historic streets, which everyone loves of course, but you definitely don't get the big scale rooms. Everything is more narrow.
Posted by: Anonymous at May 9, 2007 1:21 PM
1:21, do you mean Ocean Parkway, notOcean Ave? If so, yeah, OP prewar are quite spacious!
Posted by: YU at May 9, 2007 11:33 PM
That building is beautiful and apartments sell quickly, another one went on the market, same broker (they probably have a deal with the building like Meier bldg)
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=989095&ohDat=5/13/2007%2012:00:00%20AM;
Posted by: anon at May 11, 2007 5:56 PM
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