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April 28, 2008

Co-op of the Day: 430 Clinton Street

430-Clinton-Street-0408.jpg
This 25-foot-wide floor-through co-op at 430 Clinton Street has three bedrooms and some nice old details to recommend it. (It's also been stripped of original details in some places.) We're not wild about the kitchen or the cheap-looking bi-fold closet doors either, but those are easily changed. The maintenance is pretty low too: $774 a month. The asking price of $1,450,000 seems a little nutso though. After all, no square footage is provided in the listing, but it's hard to see how this is more than 1,200 square feet, and could be as small as 1,000 square feet. Nice building and nice location and all, but come on. There's mention of an open house on the listing but no time specified.
430 Clinton Street [Brooklyn Bridge] GMAP P*Shark




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Comments

This layout is miserable and awkward looking.

I would say prime candidate for some price-cutting.

Posted by: guest at April 28, 2008 1:00 PM

Does anyone else feel the vitality in Brownstone Brooklyn lately? I think part of it is the spring, people yesterday were out in full force on 7th and 5th avenues, the restaurants are PACKED! Try Barrio, if you haven't!!!! The Brooklyn Flea seems to be a huge success...I spotted several famous actors/actresses yesterday in the Slope, the gardens are blooming.

Recession or no recession, we all are very lucky to live in this neck of the woods.

Take some time to appreciate it, if you can.

Posted by: guest at April 28, 2008 1:08 PM

1:08 amen to that!

Posted by: guest at April 28, 2008 1:16 PM

1:08, what a nice, positive post! Thanks for that. Brownstone Brooklyn, especially in the spring, is truly wonderful.

Trying not to bring the mood down too much, but I have to agree with 1:00 that price cutting is inevitable for this home. I don't see a walkup on a relatively busy street (yes, it's a quieter stretch of Clinton, but still busier than the side streets) in Carroll Gardens getting over $1,200 per sf (or an even crazier $1,450 per sf if it really is 1,000 sf).

Posted by: Biff Champion at April 28, 2008 1:23 PM

1:08

I agree with you, but it has nothing to do with the coop of the day!

Posted by: guest at April 28, 2008 1:24 PM

Very high if its below 1000sf. My place in the 500 block is 1022 Sq Ft im selling it for 720K and you have a balcony and 20x20 private roof deck.

The hat

Posted by: guest at April 28, 2008 1:26 PM

price is nuts, but it looks like a nice layout to me - the long hallway give a sense of privacy, plus from photos looks like there is a balcony.

Posted by: guest at April 28, 2008 1:42 PM

Considering that this place clocks in around 1100sf, the prices is sheer lunacy. Needs about a $500k haircut to be taken seriously.

Posted by: guest at April 28, 2008 1:43 PM

A lot of people who have lived in Brooklyn seem to have disengaged from the reality of the Manhattan real estate market. Most say that Brooklyn is linked to Manhattan in this way, and while I agree, I think they are linked in a different way.

As Manhattan prices continue to soar (up 13% this past year) while part of Brooklyn and the rest of the country see price declines, people in Manhattan seem more anxious than ever to trade up in Brooklyn for more space before the next run up in prices.

While this place might seem high to us, this is the price of a ok 2 bedroom on the UWS. Not even anything all that special. Some building are now commanding 2000 psf in Manhattan and upwards from there for special properties.

With this, I see many Manhattanites who are now looking at Brooklyn with a sense of urgency. The Brooklyn Flea, the Murakami exhibit, the new Manhattan turned Brooklyn chefs and a new wine bar opening practically every week. That along with the HUGE swell in international tourists who are staying and visiting Brooklyn etc are all really exciting things and many see Brooklyn as the next cultural and artistic hub of the U.S. going into the next decade.

Posted by: guest at April 28, 2008 1:50 PM

Orig bldg is 25x40 so that is the 1st 1000sq ft. (I know you lose usable sq ft from staircase but that is same for any bldg and is included -so if want to compare apples to apples).
Then there is addition which is something like 16 x 28ish whihc adds another 450 sq ft.
So total is somewhere in range of 1450 sq ft.
or $1000 sq ft.
Like it or not - sq ft is measured by outside dimensions of building- not from interior.

Posted by: guest at April 28, 2008 1:53 PM

I have a friend who lives in Milan who is coming to New York for the first time ever. We were chatting and he said that his friends and colleagues who have visited NYC so far have said that his MUST SEE place is Park Slope.

I nearly laughed when he said it. I said...really???

I mean, I love Park Slope, but I was shocked that so many foreigners are talking about it. He said they all come back saying it was their favorite neighborhood.

Posted by: guest at April 28, 2008 1:55 PM

I agree with 1:53 i think we are going to stabilize for a while then start to Incline. As far as this property goes I think this is a very very nice Location. The house looks pretty good to me.

Posted by: guest at April 28, 2008 1:56 PM

"As Manhattan prices continue to soar"

Please provide evidence of this "soaring." From what I have seen, except at the ultraluxe level, price are declining. This will further push prices down in Brooklyn, as is already happening.

Posted by: guest at April 28, 2008 1:57 PM

brooklyn already is the cultural and artist hub of the USA.

Posted by: guest at April 28, 2008 2:01 PM

I love Brooklyn, but come on 2:01, lay off the Kool-aid.

Posted by: guest at April 28, 2008 2:06 PM

I agree with you 2:01.

I'd rank Berlin, Buenos Aires and Brooklyn as top cultural hubs in the world right now.

Anyone in the visual or performing arts would tell you the same.

Posted by: guest at April 28, 2008 2:12 PM

Brooklyn over Manhattan?

Based on what criteria?

Posted by: guest at April 28, 2008 2:21 PM

New York maybe the cultural capital but that includes all of NYC.
Quit the manhattan vs. brooklyn competition already. So lame.
You don't single out part of Paris or London like that.

Posted by: guest at April 28, 2008 2:30 PM

Based on the fact that Manhattan is no longer a place for experimental arts. There is no place for it any longer with the skyhigh real estate prices.

Tonic, a long time venue for new music has succumbed to a condo development and CBGB has become a Varvatos Store. These are two examples of hundreds.

To foster new, young and upcoming talent, one must look in Brooklyn these days while such venues are still (barely) affordable.

Places like Southpaw and Galapagos and Union Hall...these places foster new talent.

And that's only one niche of music. There are many other facets of the visual and performing arts that just can't afford to be in Manhattan anymore.

The old standbys....New York Philharmonic, Met, MOMA etc are all of course still there, but the next wave of the new generation are mainly in Brooklyn these days.

The hottest exhibit in the art world right now is the Murakami...at the Brooklyn Museum.

BAM is doing some great things and a number of Dance Companies like Mark Morris are based in Brooklyn.

So much is going on here, it's crazy.

Posted by: guest at April 28, 2008 2:31 PM

You know what's funny, I posted that I had a condo for sale last Spring (378 Clinton Street - was condo of the day) and it was priced at $1.95 million. It was a duplex with 3 bedrooms and 2.5 baths. Almost everyone who commented on Brownstoner thought it was a total rip-off. Well, it sold for $2.1 million.
All I'm saying is I don't think many of posters have any idea how hard it is to find something nice in New York City for a reasonable price.

Posted by: guest at April 28, 2008 2:33 PM

Is this Carroll Gardens or Cobble Hill? The brownstoner post says Cobble Hill but I thought Carroll Street was Carroll Gardens. Does look like the place is 1400 sq. ft.

Posted by: guest at April 28, 2008 2:33 PM

The Gowanus is filling up with Arts Studios.

Many of these people would have once moved to Soho.

And yes...2:30....people in London and Paris DO in fact talk about this very subject all the time!! Perhaps not on a blog, but there is much concern...especially in London about the arts being pushed out of the city center.

Don't travel much, do you?

Posted by: guest at April 28, 2008 2:34 PM

3 bed rooms are rare and demand high prices. I would not be surprised if this gets close to ask.

Posted by: guest at April 28, 2008 2:35 PM

The price may seem high to us, but it won't get you much oceanfront property in Malibu.

Posted by: guest at April 28, 2008 2:37 PM

2:33

the reality most posters here have no clue about real estate at anything pass the $750k mark. They are outsiders looking in. Worse yet - many are renters or never owned in their life. So take the comments here with a grain of salt (ok a lot of salt).

Posted by: guest at April 28, 2008 2:44 PM

I agree with these posts today. Very good posts. Gowanas Has seen a lot of artists moving in . The House looks good i think they will get close to asking. I believe this house is in Carroll Gardens

Posted by: guest at April 28, 2008 3:23 PM

i sold my manhattan loft last year and decided to rent before buying in prime north park slope - and can't wait to get out of here. yes, its very pretty but the people are the worst. i'm moving to fort greene - and can't wait!! where there is culture and realness and close to the great shops of atlantic ave. - not the 7th ave suburb feel.

Posted by: guest at April 28, 2008 3:35 PM

is there a floorplan? how are you all commenting on the layout.

weird about the pier mirror comment in the listing. clearly it's not original. anyone can buy a pier mirror for 3k. doesn't add all that much value to teh apartmetn

Posted by: guest at April 28, 2008 3:39 PM

hate to break it to you, 3:35 but nothing different about park slope and ft. greene. same shit, different day.

only difference is there are more white people in ft. greene who think they're black.

not a plus in my book.

Posted by: guest at April 28, 2008 3:52 PM

"where there is culture and realness"

LOLOLOLOL. This was a joke, right?

You are certainly not talking about Ft. Green. I can tell you are a bitter person from your comment.

So pathetic. You rented first and STILL hate your new neighborhood?

Idiot.

Posted by: guest at April 28, 2008 3:53 PM

2:31 - southpaw and galapagos and union hall?? hahaha
how about the real, actual music scene in north brooklyn/bushwick. really, you must be very old.
also, you fail to mention even a single williamsburg art gallery? are you kidding?
get real.

3:55 - no kidding! of course! so white bread. fled there myself. don't give up on brooklyn though. move north.

Posted by: guest at April 28, 2008 3:56 PM

yes, move north where the condo glut is bursting at the seams!!!!

my broker boyfriend said there will be over 10,000 condos on the market in williamsburg in the next 12 months!!

you'll have TONS to pick from!

Posted by: guest at April 28, 2008 4:03 PM

3:56: I know you will have a difficult time appreciating this, but many people think Williamsburg is ugly, overrated and overpriced.

I know...SHOCKER!

Posted by: guest at April 28, 2008 4:04 PM

When a neighborhood like Park Slope defies most trends, gets named one of the best neighborhoods in the U.S. has some of the best architecture in the country, countless new restaurants and bars opening, has MORE THAN ONE of the best schools in the city, it's bound to attract haters.

It's the nature of the beast. I don't believe for one second that 3:35 lives in Park Slope. They have a miserable life and like talking shit about things they know nothing about.

Posted by: guest at April 28, 2008 4:10 PM

What moron moves from a Manhattan loft to Park Slope after renting there first (presumably to see if they like it) and THEN decides after buying that they hate it to then move to a neighborhood nearly the identical twin of said hated neighborhood??

Good lord.

Posted by: guest at April 28, 2008 4:15 PM

park slope is full of people like you - 3:53 true bigots' oh and yes a retirement community.
and yes i am soooo happy i rented and i have the great choice of choosing where i'd like to live .. i've made my real estate money and now am reaping the benefits.. hate to break it to you - i am not bitter - just can't wait to get of of the stuffy slope. i feel fortunate that i had a chance to live and decide...and not being stuck in a place filled with uptight rigid people who's only happiness is their piece of the slope. i lived many years in soho and i never experienced the shallowness and one sidedness ...truly gross. this is not the brooklyn that people rave about.. or europeans want to see.

Posted by: guest at April 28, 2008 4:18 PM

the average age of park slope residents is 32.

sounds like a fun retirement community to me.

Posted by: guest at April 28, 2008 4:21 PM

4:18 just escaped from the crazy house.

Posted by: guest at April 28, 2008 4:28 PM

4:18 - You are clearly new here. You should know that a large contingent of brownstoner posters are slopers who simply CANNOT fathom that there exist people who don't like their neighborhood. anyone who indicates a preference for a different brooklyn neighb is immediately pounced upon as bitter, jealous or a liar.

Posted by: guest at April 28, 2008 4:33 PM

4:18 = 4:33

and it's their, not "there."

learn some grammar, please. if you don't know the difference between this words, perhaps you might try ps. 321?

Posted by: guest at April 28, 2008 4:37 PM

sorry my mistake 32 going on 72 -
and no its not a crazy house but a very boring pretty pleasant -ville living place where everyone looks and talks the same....

Posted by: guest at April 28, 2008 4:40 PM

4:37 - sharp comeback. Really showing off that sloper wit.

p.s., my "their/there" grammar is correct. a new low when you bother to correct grammar on a blog, and your correction is incorrect.

Posted by: guest at April 28, 2008 4:43 PM

I don't live in the Slope. Just happen to appreciate it.

BTW, 4:40....I think you need to look a little more closely to yourself. Neighborhoods are, by and large not boring.

People are.

And if anyone or anything here is vile, it would be you.

Personally for the sake of Park Slope residents, I'd say you should leave as soon as possible.

You sound absolutely horrific.

You have not said one thing which isn't nasty. Shows your personality quite well.

Posted by: guest at April 28, 2008 4:48 PM

4:40 = BITTER OLD WOMAN WITH 27 CATS.

Posted by: guest at April 28, 2008 4:49 PM

this is what i mean - a small grammar error on a blog / because i don't type for a living - and you being the uptight park slope yuppie ... uggh this is what i hate.
and i did not buy - but wanted to live first before dropping a load of cash on a place. i have a family and believe me am pretty bummed about not liking it here. 4:10 i have lived in a fabulous duplex garden brownstone and how weak and shallow that you think one would lie... typical park sloper = shallow.
i hate to break it to all you - follow my daddy footsteps... there is more to life then owning a brownstone in park slope. does anyone here travel? or do you live in one home forever and have the same sofa from college and buy your pillows from pottery barn.
and when you have a party you serve wine in plastic cups...the perfect park sloper.

Posted by: guest at April 28, 2008 4:50 PM

4:50 lives in mom's basement.

NO ONE who speaks so poorly could possibly own property.

And now you're bashing people for shopping at Pottery Barn and drinking out of plastic cups, yet saying you are above the fray in Park Slope???!

PUHLEASE!!!

Honey, you need to get a life.

It has nothing to do with the neighborhood, but your LIFE is a sad one.

And for the record, you aren't going to like Ft. Greene any better...THAT'S WHERE I LIVE!!!

LOL.

Posted by: guest at April 28, 2008 4:59 PM

excuse me - i did say it was pretty... and yes the park is fab. but i don't consider the great park as being in park slope - as it borders many fine areas.
oh i forgot everyone at your party looks the same - no colors of the rainbow there.
on the contrary i am soo happy : )
i am an amazing women with insight and a manhattan coolness that one gets from growing up there.
that i think differently then you - what - that makes me bitter - that i disagree with the people of park slope. we all know what reputation the people here have... and its not to be proud of.

Posted by: guest at April 28, 2008 4:59 PM

you better quit while you're behind, 4:59.

you are sounding like a crazy person.

for realz.

since i know you like it like that...

Posted by: guest at April 28, 2008 5:02 PM

Anyone who thinks that everyone in Park Slope looks and acts the same is clearly blinded by bitterness. There are like 140 nationalities in Prospect Park on any given weekend. The dominant feature of Park Slope is middle class procreation -- you should just come out and say it -- you hate babies. There now you should feel better. Good luck finding someplace more diverse.

Posted by: guest at April 28, 2008 5:02 PM

Cool, a discussion about a brownstone on Clinton in Carroll Gardens morphs once more into a Park Slope vs. the World argument. I fondly remember the days when I was accused of hijacking threads...

Posted by: Biff Champion at April 28, 2008 5:05 PM

oh we are back to the LOL comment - yes very big of you.
i have a great life - that must irritate you.
and i am real estate savy... and i can even say i've been called pretty.
but never sad and never bitter.
i am from nyc - and know a thing or two about people.
and yes i would like fort greene better -
thats fine if you like to drink wine from plastic cups -

Posted by: guest at April 28, 2008 5:10 PM

5:02 not sure where the diversity is -maybe on a weekend.
you must be including 5th ave or 4th ave.
last time i looked lots of white jewish people.. not that there is anything wrong w/ that - but come on - i am not blind....

Posted by: guest at April 28, 2008 5:16 PM

I went to the open house this weekend. The apartment really is beautiful-- nice sized bedrooms, very high ceilings, great light, needs a kitchen re-do, but a lovely apartment. Not sure if it will get the asking price (way over my budget so just visiting out of curiosity sake) but definitely an apartment to aspire to!

Posted by: guest at April 28, 2008 5:27 PM

4th and 5th avenues are both in park slope, 5:16. Now you are going to pit the east and west sides of park slope like berlin?

asinine.

yes, park slope is extremely diverse. look it up on property shark if you don't believe me. less than half the population considers themselves "caucasian." given that 70% of the u.s. population is such, i'd say that is quite diverse.

90% black does not a diverse neighborhood make, contrary to popular belief.

Posted by: guest at April 28, 2008 5:41 PM

5:27 - thanks for moving the thread back to the apartment. I've seen the apartment too. High ceilings, good amount of space but it is a bit bland. Having 2 bathrooms is great but right next to each other is not optimal. Guess that's where the pipes are. Its also a hike to the subway. If this place fetches a $1000 a sq ft, I'm selling my place and moving back to Manhattan. Means there's little value left in moving to Bklyn.

Posted by: guest at April 28, 2008 6:14 PM

4th and 5th ave may be considered park slope _ yes on the map - but if you look at the people who live in north park slope - it's very different.
4th and 5th aves are more diverse and flavorful which probably sides with your statistic.
i prefer 5th ave over the north - although the north is a prettier area - but i don't agree with the diversity - everyone here seems very much the same... sorry for going against you.
this is just an opinion.

Posted by: guest at April 28, 2008 6:14 PM

i'm beginning to think it was better when the server was rejecting most posts.

like my own, yes i know.

Posted by: guest at April 28, 2008 6:55 PM

What hike? It's two and half blocks from the subway! (In Carroll Gardens, as mentioned, so the tag shouldn't be Cobble Hill.)

Posted by: guest at April 28, 2008 7:19 PM

Love the 3-D floorplan. Seriously. It does appear to be about 1,400 square foot. If it's nicely turned out, the price doesn't seem outrageous. If the schools are good and the co-op finances are stable, it could go for within 10% of ask. I personally prefer the area on the other side of Smith.

Posted by: guest at April 28, 2008 10:24 PM

Add it up. It's much closer to 1100sf. Even if it were 1400sf, the price is still over the top. Chop off several hundred thousand.

Posted by: guest at April 28, 2008 10:35 PM

I saw the apartment. It was nice. It is a real 3 br plus a dining room area. Two bedrooms can fit queen-sized beds and the 3rd is a real bedroom and not an office or walk-in closet.

2 baths and general good condition in the apartment. Nothing NEEDED to be replaced when you move in. The kitchen was not my taste but was fine.

The building is really nice. I really liked the exterior of the building. The interior of the building was pretty nice too. 1400 sf definitely seems to be wishful thinking. 1000-1200 sf depending on how you fudge the math.

But, $1.4m is probably too much to ask. I would think $999k-$1.1m seems more likely.

Posted by: guest at April 29, 2008 12:57 PM

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