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October 9, 2007
Co-op of the Day: 101 8th Avenue
We wouldn't mind coming home to this mansion every day. The Classical Revival building is divided into nine co-op apartments. This one's a duplex with stately living, dining and kitchen areas on the first floor and two bedrooms down below; there's also a small outdoor space. Even though the bedroom level looks like it might be a little on the dark side, we won't be surprised if the 13-foot ceilings and stunning details on the main floor are enough to sell this place for the asking price of $995,000.
Listing #6174 [Warren Lewis] GMAP P*Shark
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Comments
I saw this place last weekend and must say that is is really not that great. The photos make it seem spectacular but it is puny, perhaps 900 square feet. The maintenence is also very high. The cheap spiral staircase to go downstairs to the two dark bedrooms is awful and dangerous. No good.
Posted by: guest at October 9, 2007 12:41 PM
Dollars to donuts that living room doesn't have 13 ft ceilings. I hate it when the brokers exaggerate about ceiling height.
Posted by: guest at October 9, 2007 12:45 PM
This place is gorgeous!
Posted by: guest at October 9, 2007 12:48 PM
Million bucks for a spiral staircase? Smallish bedrooms? Not feeling it.
Posted by: guest at October 9, 2007 12:54 PM
the place does have 13-foot ceilings. it is a 10-unit building, and was a one-family mansion, so the living rooms in many apartments are spectacular.
also, it's bigger than 900 square feet. and the storage space is really great. very big. but yes, one bedroom is very dark.
how do i know? i lived in that building.
Posted by: guest at October 9, 2007 12:55 PM
Oh no, I can't post comments? Where the love??
Well it's a vehicle for open class warfare. But the crash is coming....
I hope you stay in the hood during this time of depression. It's going to be fun. I can watch the value of your homes go up in smoke.
I'm The What and I will be here for ever, do you understand that?!!
FOR EVER
The What
Posted by: guest at October 9, 2007 12:56 PM
The living area is not bigger than 900 square feet. There is some "private cellar" storage area but nothiong in the way of good closet space. Both bedrooms are underground. The ground floor is only that lovely big room in the photo and the kitchen.
Posted by: guest at October 9, 2007 1:03 PM
Hey What, as in what the $##@ are you still doing here? Here's a post to get you excited about the sky falling - Manhattan office leasing activity dropped 23% in the latest quarter. Sign of the times on Wall Street? Residential market to follow?
http://www.newyorkbusiness.com/apps/pbcs.dll/article?AID=/20071002/FREE/71002011/1102/breaking/
Posted by: Brooklynnative at October 9, 2007 1:33 PM
"I'm The What and I will be here for ever, do you understand that?!!"
So you're the personification of Herpes?
Posted by: guest at October 9, 2007 1:54 PM
Not sure what to make of the actual apartment, but I do love the location. All those blocks by the park are great.
Posted by: guest at October 9, 2007 2:05 PM
It seems a bit overpriced. Despite the nice details, you're still sleeping in the basement. There are better 2 bedrooms on the market.
Posted by: guest at October 9, 2007 2:07 PM
too small, too loud a street, will never appraise so the buyer shoul dmake sure to have lots of cash!
Posted by: guest at October 9, 2007 2:14 PM
yeah, most people buying million dollar homes do have some cash.
8th avenue is not loud.
Posted by: guest at October 9, 2007 2:46 PM
I saw it, it is cool, used to be a private club and the built-ins and living room are great. High finishes, split system a/c. But in the end the downstairs is two smallish bedrooms and a deck that doesn't get much light. The trap door leads to an interesting cave below the bedroom.
On the other hand this is probably the closest to value that I saw this weekend from 750k to over $1m. So little inventory! The building and location are top notch.
I bet the co-op board in this building are pretty tight with approvals though.
Posted by: guest at October 9, 2007 3:44 PM
What's the cross street? I used to live on 8th and Carroll and it was plenty noisy.
Posted by: guest at October 9, 2007 3:54 PM
I lived at 8th Avenue and 5th Street, and 8th Avenue was noisy, to say the least. The cars go flying down that street, and more than once I was shocked by the awful sounds of cars smashing into things. Ambulances on their way to Methodist Hospital also make a lot of noise. While "noisy" is perhaps a subjective thing, I think a decibel meter would prove that this is hardly a tranquil, quiet street.
Posted by: punko at October 9, 2007 5:15 PM
Oh no, I can't post comments? Where is the love??
Well it's a vehicle for open class warfare. But the crash is coming....
I hope you stay in the neighborhood during this time of depression. It's going to be fun. I will watch the value of your homes go up in smoke.
I'm "The Twat" and I will be here for ever, do you understand that?!!
FOR EVER
The Twat
Posted by: guest at October 9, 2007 5:32 PM
compared to any street in manhattan, 8th avenue is quiet.
most of park slope's new residents come from manhattan. they would laugh that you find 8th avenue noisy.
this is a city, you do realize?
you also realize that brooklyn..on it's own is the 4th largest city in the united states?
in the grand scheme of big city living, 8th avenue is a quiet street.
Posted by: guest at October 9, 2007 5:37 PM
There is no sense in arguing here - rich New Yorkers don't believe this is a city. Believing 8th Avenue is busy is no more crazy than believing a typical Park Sloper believing a standard, 8-family walk-up apartment building is "out of context". How is it possible that neighborhood is populated by people who had their entire neighborhood rezoned such that practically every multi-family apartment building exceeds the maximum developable bulk?
They're crazy. There is no other explanation.
Posted by: Polemicist at October 9, 2007 7:28 PM
Office leasing dropped because there is limited supply. The vacancy rate is still the lowest it has ever been. That is all that matters.
Posted by: Polemicist at October 9, 2007 7:32 PM
It'd be nice for a single person who entertains a little or maybe a couple. Too small for the price tag.
Kitchen is cramped. Bathrooms perfunctory (small on the plan and lack of photos).
I'm also annoyed as is someone above regarding RE agents adding to ceiling height. These are 10.5 to 11.5 ceilings, hello.
At first glance I thought...h'mmm, sell the house, buy this place and pay nothing but the maintenance...smaller, easier to take care of, relatively convenient.
Then I looked at the layout and realized it's really way too small.
Looked again at the wide angle photos of the living room, the apt.’s one social space, and taking into account what the plans show, realized it's really no great shakes at all.
Warren Lewis needs to rethink this one. I hope the owner didn't buy it too pricey. Owner: please dress the place up a little. The furniture ain’t doin’ it. You want to sell the place, right? You’re trying to make a profit, right? Then, stick in some decent stuff and get something on the walls. The place is a bit dreary.
Posted by: guest at October 9, 2007 8:30 PM
Hey what. You're back? You never answered my questions from an earlier post. I would appreciate an answer now. I repeat:
The What - I understand you are a broker and therefore you are probably not all that busy right now, but for the love of god man, can't you find another hobby? I don't disagree with some of your stuff and I do appreciate the lead-in quotes, but if you spent as much time jogging or playing tennis as you spend posting on this site (and I can only assume a number of other real estate related sites), you would be an adonis and playing at Wimbledon by now :)
Also - your posts are so frequent, long and over-the-top, people are going to assume you are a nut and are not going to give any credence to your sometimes legitimate points. If you are truly trying to do a public service with these posts by getting people to face what you think is happening and adjust their decisions accordingly, I suggest you re-think your method of message delivery.
Posted by: guest at October 3, 2007 2:52 PM
2:52 here again. I also forgot to ask you, what is your story, The What? I know you said you are a broker, but do you live in Brooklyn? What neighborhood? Do you own or rent? If you do own, (i) is it an entire building or just an apartment and (ii) when did you buy? Given the pending doom, are you going to sell your place given you think prices are going to drop even farther, rent and then buy again when they fall later? Do you have a degree in economics? Other than sitting for a broker license (which anyone can do), what are your real estate credentials? Anyone can find articles to paste onto websites that support anything they feel like preaching. Since you have clearly proclaimed yourself THE expert on all matters concerning the economy and the real estate market, shouldn't you provide us with proof of said expertise if you want to be taken seriously?
Posted by: guest at October 9, 2007 8:43 PM
Nice trapdoor in the bedroom. "It puts the lotion on its skin, or else it gets the hose again..."
Posted by: guest at October 9, 2007 11:47 PM
Went to the open house. Sorry to disappoint all the brokers who are pumping this property, but here are my observations:
1. Great location, close to transport
2. Weird layout - upstairs is basically just the cubic living room which is separated from the kitchen in a non-flowing kind of way. Living room looks right onto the street. People look right in from the sidewalk. Weird.
3. Downstairs BRs are small
4. Outdoor space is subterranean and claustrophobic
5. Storage space? A trap door in the bedroom that leads to a tight little dungeon. Imagine having to go through the apartment, down the spiral stairs, into the bedroom, lift the trapdoor and then climb down more stairs in order to get anything in or out of storage.
6. Small kitchen in the middle of traffic
HORRIBLE feng shui, if you get my drift
Posted by: guest at October 10, 2007 12:17 AM
Overpriced for location and layout, not by much but I'd say $900k is more like it. Spiral staircase did seem scary and unsafe, probably best for a childless couple.
Posted by: guest at October 10, 2007 12:08 PM
word out is that some idiot paid over asking!
Posted by: guest at October 10, 2007 12:16 PM
I put in a cash offer and got outbid.
I liked the place and unlike a number of other people posting here, I've looked at a lot of places in neighborhood. It was well over 900 square, perhaps some of you have trouble with multiplication tables. There's a couple of good websites to help you out with that in the future.
Good look to everyone with their apartment searches--and some of you on the site, for god sakes, get a hobby or go out and start dating! You're isolation from humanity is too evident!
Unlike a number of people placing aI've seena lot of units in the neighborhood and
Posted by: guest at October 11, 2007 10:20 AM
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