Co-op of the Day: 415 St. John's Place

...yes, and then some.

Posted by: guest at April 14, 2008 12:54 PM

oh my god, I'd love a garden.

Posted by: guest at April 14, 2008 12:55 PM

Definitely not. . . a garden is not worth 200K . . . other nice places in the nabe are in the 400s
While you're at it, you could rent a nice garden apartment in a brownstone for $2,200.
why would you want to tie up this kind of cash in this market (figure 700 maintenance plus carrying costs on 635K) when you don't have to?

Posted by: guest at April 14, 2008 12:59 PM

Did anyone go to the OH this weekend? I really wanted to make it.

Posted by: guest at April 14, 2008 1:01 PM

I would definitely pay that for that place. looks fabulous

Posted by: guest at April 14, 2008 1:35 PM

Thanks for your opinion, Tom Le.

Posted by: guest at April 14, 2008 1:40 PM

"In an epic article today on why the super rich are still spending superbly, the Times wrote that buyers have "already closed on 71 Manhattan apartments that each cost more than $10 million, compared with 17 apartments in that price range during all of 2007."

Posted by: guest at April 14, 2008 1:46 PM

I don't think they will get ask. The apartment is very tight. the layout is mean although the garden is nice. I don't think it is a real 2-bedroom the floorplan looks chopped up, no closet in the small bedroom.
They could get this in Brooklyn Heights but not in Prospect Heights.

Posted by: guest at April 14, 2008 1:50 PM

Way overpriced! While PH as a neighborhood is improving everyday, this particular block still has a lot of low-income housing, noise, trash, and drug dealings. Shootings, while not commonplace, occur every few months, especially during warmer weather.

For this kind of $, one could find an nice apartment in a safer, quieter section of PH or another neighborhood altogether.

Posted by: guest at April 14, 2008 2:05 PM

Yeah - where are the nice PH 2-bdrms in the 400s?

Posted by: guest at April 14, 2008 2:12 PM

Seems like whoever renovated the place already took the block into account, installing "German 'bank security' glass doors."

Posted by: guest at April 14, 2008 2:15 PM

I agree with 1:50. This doesn't look like a true 2 bedroom. The layout looks very similar to a Co-op of the day on Eastern Parkway featured last week, but with the wall between the living room and dining room moved to the left.
http://www.brownstoner.com/brownstoner/archives/2008/04/coop_of_the_day_107.php

Posted by: guest at April 14, 2008 2:19 PM

I like the fact that there are no stairs.
I would offer 480.
And I would make sure every window and door is protected like Fort Knox.

Posted by: guest at April 14, 2008 2:44 PM

I like the fact that there are no stairs.
I would offer 480.
And I would make sure every window and door is protected like Fort Knox.

Posted by: guest at April 14, 2008 2:44 PM

terrible posting problems today.... again.

Posted by: guest at April 14, 2008 2:46 PM

Sure they'll get it - and 12:59, that financial analysis applies to anyone buying anything here now - whether house or apartment - you can always rent it now for much cheaper.

That doesn't seem to be deterring people from buying, though, does it. And that weird "have to own" psychology we have in this country (yes, fed by federal government policy, I know) is another factor in the credit meltdown we are now in - we wouldn't be there if people didn't insist on stupidly buying stuff for more than the rental value (after taking the mortgage interest deduction into account), as they weren't yet doing a decade ago.

If we were all trained with a bit more financial literacy, and stuck to fundamentals (when I bought, I considered only stuff that wouldn't cost more than my rental on a monthly basis, after taking the interest deduction into account), then we wouldn't be in this mess. Sometimes it pays to think smart and just say no to those offering mortgages of a type or size that aren't smart for you.

And before those of you start chiming in that that you bought high and sold higher and made big bucks, so it worked for you, consider that you are part of the national (and global) community, and the pain of this bubble may yet be greater to you than your gain.

Geez, I'm starting to sound like the Waht...

Posted by: guest at April 14, 2008 4:58 PM

Yes, this is what a 2 br in PH costs. Perfect starter apartment in a great area for couple planning a family. In 5 years when the first kid is outgrowing the small bedroom or when the 2nd kid comes along, they'll buy a house. At that point they'll sell you this place for over $1M and you'll feel like a fool for thinking you wouldn't pay over $400k for it.

Posted by: guest at April 14, 2008 6:27 PM

1:40...why do you assume that anyone that posts a positive comment is the broker??? SO ANNOYING!!!!

Posted by: guest at April 14, 2008 7:49 PM

$500k tops. Yard is great, but the bedrooms are small and the location is questionable.

Posted by: guest at April 14, 2008 8:24 PM

test

Posted by: guest at April 15, 2008 1:05 PM

I have a lovely, but small 2 bedroom apartment for sale. Its on the Corcoran.com website and its only 449K...check it out! And its on St. Johns place. This is in prime Prospect Heights.

Posted by: guest at April 15, 2008 1:16 PM

Which side of the street is it on? Does the garden back on to "stinkin Lincoln" or Sterling?

Posted by: guest at April 21, 2008 10:25 AM