Co-op of the Day: 101 Lafayette Avenue, #1K

Two words:
pretty scary.

Posted by: guest at February 12, 2008 12:47 PM

What the heck is a ground floor terrace?

Posted by: guest at February 12, 2008 12:49 PM

This is a nice building. I looked at a few studios in the building about a year and a half ago when I was looking to buy. Most units are studios with a few 1 and 2 bedrooms. They were doing a renovation of the hallways and about to embark on a renovation of the lobby when I looked.

The 3 or 4 studios I looked at were all around 259-279K. Those same studios...I believe there are two for sale right now for around 350K.

Nice building...the higher floors have tremendous views.

The other nice thing about this place is that it's a VERY relaxed co-op. Renting your place is a non-issue, which is great.

Not sure if this is a good price or not for a 2 bedroom, but the building certainly is making a comeback.

I'm glad I ended up in PS, but this was a close 2nd choice.

Posted by: guest at February 12, 2008 12:51 PM

disgusting - 17 stories on a landmarked brownstone block - totally out of context - should be ripped down - who lets these developers run amuck like this.

Posted by: guest at February 12, 2008 12:52 PM

It is long and 3 feet wide. I'm guessing it's the sidewalk.

Posted by: guest at February 12, 2008 12:52 PM

12:47/12:52 = you are truly scary and disgusting.

Posted by: guest at February 12, 2008 12:55 PM

This building is definitely a hot commodity. I was interested in a 474sf studio listed last Oct for $305k, but they quickly got offers that pushed it out of my range. 90 days later it sold for $345k.

Posted by: guest at February 12, 2008 1:04 PM

Well, technically you need to climb out the windows to use the terrace so it's of no use. Plus, the terrace makes it easier for some thief to climb up and rob your apartment...

Posted by: guest at February 12, 2008 1:08 PM

According to Street Easy this unit has been on the market since last June, so I guess that answers your question about the desirability of the ground floor.

Posted by: guest at February 12, 2008 1:10 PM

How is this a good deal? $825K?

Posted by: guest at February 12, 2008 1:12 PM

Studios in general in Brooklyn seem to go super fast these days. I guess cause there's hardly anything on the market at all for less than 350k or so. I've seen the value on my studio go through the roof. Luckily, I'm still quite happy with it and have no plans to move anytime soon. Judging from what others on my block are selling for though, looks like prices have gone up almost 100K since 2 years ago.

Posted by: guest at February 12, 2008 1:13 PM

The sales prices for studios here makes yesterday's 1BR at Berkeley and Plaza look good, IMO.

Posted by: guest at February 12, 2008 1:17 PM

Still a total rip-off, I don't care how pretty the building is. No chance of making a profit within the next 10 years!

Posted by: guest at February 12, 2008 1:22 PM

I think you must have seen an unrenovated hallway, 1:22, because they are redoing all of them and the lobby.

It's the reason the maint was increased on most apartments last year.

Full renovation of the common areas.

I think once that is complete, the prices will reflect that because it is the nicest, highright doorman building of its kind in Ft. Greene and just a block from the park.

Although I do think this particular apartment is a bit overpriced, but it's also HUGE at 1500 sf.

Posted by: guest at February 12, 2008 1:29 PM

Seems overpriced to me, and I'm underwhelmed by the interior. Am I the only one who thinks that two full baths (one of which is in the middle of the living area) in a 1,400 SF apartment is overkill? I would rather see one large full bath (with two sinks and/or a showerstall & tub arrangement) OR two full baths, but one placed inside the master bedroom.

Posted by: guest at February 12, 2008 1:41 PM

Saw this at the OH last weekend. Big space with a very weird layout. They did a very slapdash "renovation" to jack the price up; not much more than a coat of paint, garish lights, and some GE stainless appliances. This place will need work to make it a sensible layout, wish they kept it raw, but wouldn't take it on the ground floor anyways.

Posted by: guest at February 12, 2008 1:47 PM

1:45...I agree with you.

As I mentioned in my intial post, although I did look at quite a few places in the Griffin, I ended up in PS...just a block and a half from Prospect Park. I'm so much happier here than I think I would have been at the Griffin. My place is a little smaller than the 500 sf studios I was looking at in the Griffin, but I really like living in a brownstone and I love being able to walk out my door and be on 7th avenue in 30 seconds, the park in under a minute and 5th avenue in 5-7 minutes.

Posted by: guest at February 12, 2008 2:06 PM

i think you could do some simple landscaping and make the terrace work with a chair(s) and small table. for me, that would suffice.

also, why the hate on ground floor? i had no idea. i have only ever wanted to live on the ground floor. can't stand elevators and walking up flights of stairs is a pain in the ass.

love running out the door.

Posted by: guest at February 12, 2008 2:35 PM

This building went through some hard times.
That was a really really sketchy block. I'm glad to see the shareholders made it work, it's all about the people who own a stake in the community.

Posted by: guest at February 12, 2008 2:35 PM

Those single pane cast iron windows gotta mean cold nights in wintertime.

Posted by: guest at February 12, 2008 2:46 PM

2:35...i TOTALLY agree.

i live on the ground floor right now and i LOVE it. granted it's a rather quiet, tree-lined brownstone block.

running out the door is the best! i feel so connected to the streetlife, which afterall is the whole reason i live here rather than in the burbs.

Posted by: guest at February 12, 2008 3:18 PM

To think this is now considered a good block.
God bless!

Posted by: guest at February 12, 2008 4:09 PM

"i think you could do some simple landscaping and make the terrace work"

Here's how you landscape a three foot wide ground floor "terrace." Bamboo. Sharpen some of them, of course, to keep out intruders.

Posted by: guest at February 12, 2008 4:24 PM

The entire building has a beautiful 8 foot high ironwork fence around it, so no need to worry about intruders, 4:24.

Having the doorman helps with safety as well.

Maybe you should move somewhere where you don't need to be so fearful of crime.

Oh wait...this is the safest city in the u.s.

Guess you're screwed!

How can so many pussies live in this city?!

Posted by: guest at February 12, 2008 4:26 PM

$:26 - Ever heard of a little thing called sarcasm?

How can so many imbeciles live in this city?!

Posted by: guest at February 12, 2008 4:54 PM

Man, there used to be cats hanging out in the crack house across the street from here, number 59 I think, they would stab you in the heart if you breathed in their direction.
It was some scary shit. I'm sure that building is now lux condos too. This neighborhood has undergone an incredible transformation. Hopefully there is some sort of check valve that will prevent everything from flowing backwards to 1992, because things are way better in the hood today bro.

Posted by: guest at February 12, 2008 4:57 PM

In case you were unaware, 4:54...sarcasm does not come across very well on anonymously blogged computer websites.

Posted by: guest at February 12, 2008 4:57 PM

You mean you can't buy pungee sticks at Home Depot?

Posted by: guest at February 12, 2008 5:32 PM

"This building went through some hard times.
That was a really really sketchy block. I'm glad to see the shareholders made it work, it's all about the people who own a stake in the community."

What, no ARTISTS?? I shocked!!

Posted by: guest at February 12, 2008 5:44 PM

$825K for a ground floor 2BR in Ft. Green is no bargain, especially when you add the very high maintenance. And I'm not even factoring in the fact that the real estate market has sh*t the bed. Brownstoner, you do this for a living, what are you thinking???

Posted by: guest at February 12, 2008 5:59 PM

I think this would be a fine pediatrican's office. All those kids you know.

Posted by: guest at February 12, 2008 6:47 PM

Oh Bob thanks you are such a man.

Posted by: guest at February 13, 2008 8:00 AM

Does anyone know whether the shadows expected from the Atlantic Yards project will cover the building?

Posted by: guest at February 20, 2008 9:06 AM

I live in this building and can tell you that it is friendly and well maintained despite the public spaces looking a bit rundown. This apartment is HUGE but I think its waaaay over priced. If anyone wants to offer on it, I'd start at $750K and see what happens. Its been on the market for a while. And as far as that "terrace" goes, its like 3 feet wide and doesn't even have a door to lead to it. I don't even know if you could fit a plastic chair from Target on it. But the rest was done pretty nicely and like I said, its a LOT of space in there. You could easily add another small room if you put up a wall - it would have no window but would be great for an office or kid's room.

Posted by: guest at February 21, 2008 11:43 AM