« Inside Third & Bond: Week 53 House of the Day: 208 Washington Avenue »

September 11, 2008

Co-op of the Day: 40 Prospect Park West, #6K

40-ppw-floorplan.jpg
40-ppw-6k.jpgThe weaker market has not deterred some owners from trying to sell their apartments themselves. In the case of Apartment 6K at 40 Prospect Park West in Park Slope, the sellers appear to be taking the strategy of pricing the unit fairly upfront rather than going fishing for an unrealistic offer. While the two-bedroom, one-bathroom pad isn't going to wind up on the pages of Architectural Digest any time soon, it does offer 1,000 square feet of space and great views of the park for $769,000. Think they'll get their price?
40 Prospect Park West, #6K [FSBO] GMAP P*Shark




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Comments

Yes, I think they will get their price. And this is a bear speaking. If I were in the market for a 2-bed instead of a 3-bed there is no question that I would look at this pretty seriously.

Posted by: lechacal at September 11, 2008 12:46 PM

To be clear, location is very key here. If this weren't on the park and close to the subway at GAP, I think this would be on the high side for a unit with only one bath that doesn't appear to have laundry in-unit. But this location is just great.

If this were on one of the good non-park blocks in PS (say, some street between Berkeley and 3rd, somewhere between 6th Ave and 8th Ave) I would say lower the price.

This will move so much faster than an overpriced realtor listing (which, let's face it, pretty much all realtor listings are these days).

Posted by: lechacal at September 11, 2008 12:51 PM

This is like the size of my apt and my apt. is not nearly worth this, but, I'm in Bay Ridge.

I like all the closets, and the 4-fixture bathroom, but not the bathroom itself, tiles, sink, tub, etc.. I don't like the kitchen either....but, hey, the apt is in MIC.

This will sell and fast at this price.

Posted by: bayridgegirl at September 11, 2008 1:04 PM

Eh. they chopped up the living room area and made what was supposed to be a dining room into a bedroom...you folks are always ripping apart that "second bedroom" so knock yourselves out here. I have no problem with this, the kitchen or the bathroom. I just don't like that they chopped up the living room. and what's the mnt?

Posted by: oohlala at September 11, 2008 1:08 PM

the second bedroom is tiny and has no closet. It looks like a very nice layout for a one-bedroom though.
And the location is super. Location matters again.

Posted by: sam at September 11, 2008 1:09 PM

All those colors hurt my eyes.
Their price seems reasonable, though. (I've never been in the mkt for a 2BR.)

Posted by: broadwayron at September 11, 2008 1:10 PM

oops, never mind. i see the mnt on their site. nice location

Posted by: oohlala at September 11, 2008 1:11 PM

I know a lot of people in the building may use this layout as a 2-bedroom, but it's really not. It's just a small room off the living room - there are french doors separating the rooms. Small room, no closet, little privacy. Despite that, it is a nice apartment with lots of storage and could be used as a 2 bedroom for someone with a baby or small child.

Posted by: ppwgall at September 11, 2008 1:29 PM

I'm not trying to defend the apt...but I live in a very sim. apt. and my second bedroom is off the living room (we use it as an office).
The living room is still fairly large. It's 21'x13', if someone needs more space for a living room, their furniture is HUGE. I have two different seating groups in my living room of the same size.
The dining area in this apt. is 12'x9.5'..you can get a table for six in there.

The smaller bedroom is not small by NYC standards. The size is fine for a child, even a teenager or a home office. Ikea has great closets - PAX...I have three.

This apt. can be really sweet and the location is great...view of the park can't be beat.

Posted by: bayridgegirl at September 11, 2008 1:31 PM

Anyone with a youngish kid could happily live in that as a 2 bedroom. Hard to argue with the value of this apt.

Posted by: wasder at September 11, 2008 1:34 PM

Seems to be a very nice apartment and reasonably priced. Definitely perfect for a single person or couple; can still be fine with a baby/young child, but anything more will make this seem cramped, especially given the one bathroom. That's difficult, even with more than one person. And when friends visit, very tough. (where's I_haz_TWO_toilets when I need her?). Regardless, I do think this is a wonderful home and will move quickly.

Posted by: Biff Champion at September 11, 2008 1:47 PM

For a young family, this apt. is great.
One bathroom is not going to be an issue.

Biff, we had 48 people over once for hubby's birthday..and a clown...and nobody was waiting on line to use the bathroom. Everybody doesn't crap at the same time.

Posted by: bayridgegirl at September 11, 2008 1:57 PM

Not my style, and that second BR is tiny. But its zoned for PS 321 and right on the park; this place will sell and sell quickly.

Posted by: Fjorder at September 11, 2008 1:59 PM

bayridgegirl, thanks for the visual. :-)
But a party is much different than living with people full-time (I don't know about you, but I try not to make it a habit to crap when I'm at a party - ok, TMI). And I'm sure your guests weren't using your bathroom to get ready to go out, bathing their kids, showering, having baths, etc.

It's not a problem usually with two people, but I think if you and your hubby had two kids in your place, or a teenager, I bet you would be dying for a second bathroom.

Posted by: Biff Champion at September 11, 2008 2:03 PM

I agree with Biff. The apartment is swell but the single bathroom limits its fabulousness.
Of course one does not NEED two bathrooms, but it is sooo nice to have that extra one, either for guests, or when you and your partner both eat the same tainted sushi.

Posted by: sam at September 11, 2008 2:04 PM

bayridgegirl, by the way, I'm laughing over the fact you had a clown doing at your hubby's birthday. It's nice that he's still a big kid at heart.

Posted by: Biff Champion at September 11, 2008 2:04 PM

This is a special apartment (layout, location, fair maintenance). It needs no broker (just a lawyer). It sells itself. Nice ask. They'll get close to their price.

Posted by: DOW8000SP800 at September 11, 2008 2:06 PM

that's a darn good price. low maint., too.

Unless I'm missing something, this is the first unqualified thumbs up in about 3 years for me.

That second br. is just fine for 1 child. As for having only 1 bathroom, we live in a 3br/1 bath (2 kids, 2 adults), and no one's killed anyone yet.

Posted by: Bolder at September 11, 2008 2:08 PM

"48 people over once for hubby's birthday..and a clown"

Clowns are people too, you know.

This bozophobia must stop, and stop NOW!

Posted by: SnarkSlope at September 11, 2008 2:10 PM

This just shows how effective the market can be when you keep brokers from overpricing everything and making the process long and painful for everyone.

I say you can live with one toilet if it is a Toto toilet. Otherwise you need at least two.

Posted by: lechacal at September 11, 2008 2:23 PM

This seems to be a cheap price. If you listen to Jim Cramer and I don't ! NYC Real Estate is going to be very strong next year.

Posted by: sebb at September 11, 2008 2:40 PM

and a magician!!
everybody was in the living room watching the magic happen. Sure people were sitting on top of each other, but it was a good time.

BTW....I highly recommend the magician and clown, if anybody needs.

FYI - I don't think the clown used my bathroom.

I really like this apt, cause it reminds me of mine :)

Posted by: bayridgegirl at September 11, 2008 2:44 PM

sebb: That's quite a unique position. Can you articulate why, after an astonishing and lengthy runup in prices that has just barely begun to soften, NYC real estate will take off again next year?

Posted by: lechacal at September 11, 2008 2:46 PM

Too bad the clown didn't use your bathroom, 'cause that would have been some seriously funny shit.

Posted by: lechacal at September 11, 2008 2:47 PM

Rim shot, please.

Posted by: SnarkSlope at September 11, 2008 2:53 PM

Actually, bayridgegirl, I think for your hubby's next birthday, you should hire 48 clowns and invite only one guest. Then you can ask them all to squeeze into your bathroom and slowly emerge, like they would do out of a taxi at a circus, and watch the amusement and astonishment of your hubby's and guest's face!

Posted by: Biff Champion at September 11, 2008 3:02 PM

SnarkSlope, you've made me realize I'm a bozophobic and hereby swear to never make another George Bush joke.

Posted by: Biff Champion at September 11, 2008 3:05 PM

"great views of the park "? The seller claims only partial views from living room....So I suspect that this apt. does not face PPW.

Posted by: Petebklyn at September 11, 2008 3:15 PM

Biff, great idea!

Partial views of the park...hhmmm. Still a good price and will sell.

Posted by: bayridgegirl at September 11, 2008 3:35 PM

i have to laugh cuase you guys are all joking, right??? i grew up in a HOUSE with 5 people and we only had ONE bathroom. granted after dad was done you didn't want to use it but damn, it was NOT a big deal. you yuppies are spoiled and making this such an issue. bedroom too small? not at all. think about your first apartments!!!

Posted by: oohlala at September 11, 2008 4:02 PM

the one bathroom is big enough that it would be easy to turn it into 1 and 1/2 - the 1/2 could have a door in from the kitchen. Plumbing is all there so would be a cheap and easy fix.

Posted by: gkw at September 11, 2008 4:02 PM

Also, closet next the the bathroom perhaps could have a non-vent W/D - again, the plumbing is right there.

Posted by: gkw at September 11, 2008 4:03 PM

Jim Cramer says buy two houses.

http://www.westchesterrealestateblog.com/2008/07/jim-cramer-toda.html

Posted by: Aussie at September 11, 2008 4:08 PM

one thing i see over and over again that i really don't like is the kid's bedroom next to the living room. what about TV/stereo/talking noise?

it's tougher than you'd think to find an apartment where the kid's room is in an area that's quiet and away from the living room.

Posted by: wine lover at September 11, 2008 4:13 PM

It is difficult to turn one soil pipe into two. The soil pipe is the large drain pipe beneath a toilet. I'm not even sure you could get a permit for that. Has anyone ever tried it?
You could place a w/d in the pantry and vent up and out across the bathroom ceiling. That would be easy and work well as long as the building allows w/d's in apartments. Many older buildings do not as the drains are not sufficient to take the discharge of a lot of washing machines. Old plumbing is what it is. Don't buy an old apartment and think you have too much lee way in terms of the infrastructure.

Posted by: sam at September 11, 2008 4:22 PM

oohala: Good for you. I grew up in a house with 7 people and one bathroom. That is of course once we got indoor plumbing (when I was 3 or so). Before that we had an outhouse. Have you ever had to sit on an outhouse toilet seat in the middle when it's negative 5 degrees fahrenheit out and it's the middle of the frigging night? I have. For heat we had a wood stove. I didn't know what an air conditioner was until I was a teenager. And I literally walked almost a mile to catch the school bus.

I'm not making any of this up.

But I went to school, I work my ass of, I make lots of money and now I CAN GODDAMN WELL DEMAND TO LIVE IN A GODDAMN APARTMENT WITH MORE THAN ONE GODDAMN TOILET TO I DON'T HAVE TO SHARE WITH ANYONE AT ALL IF I DON'T GODDAMN WANT TO. So step off and don't you even dare pull the "you yuppies" bullshit with me. You're messing with the wrong dude on this one.

Posted by: lechacal at September 11, 2008 4:28 PM

Lechacal! Damn, throw down the law. I am with you here. Some people can make do (doo?) with one bathroom but others can't and you should definitely get what you want when you buy a house/apt. Nice use of caps for the takedown. It is really annoying when other people impose their standards on others with a broad brush and you were right to call them out.

Posted by: wasder at September 11, 2008 4:39 PM

Thanks wasder. I usually show contempt for the use of all caps, but this one touched a nerve. I'm definitely not of yuppie blood and I feel very entitled to the creature comforts I have earned.

Posted by: lechacal at September 11, 2008 4:41 PM

lechacal I have a newfound respect for your arse.

Posted by: Fjorder at September 11, 2008 4:46 PM

nice apartment, priced right for a change.

Posted by: Xander Crews at September 11, 2008 4:49 PM

lechacal, that has to be the quote/post of the day!! BRAVO!

sam, very good points too. Some ideas of how to split this into 1.5 baths or finagle with a W/D are nice on paper, but the reality is that one is typically extremely limited in both what it feasible and what is allowed concerning their plumbing in an apartment, especially in co-op buildings.

Posted by: Biff Champion at September 11, 2008 4:52 PM

lechacal, that has to be the quote/post of the day!! BRAVO!

sam, very good points too. Some ideas of how to split this into 1.5 baths or finagle with a W/D are nice on paper, but the reality is that one is typically extremely limited in both what it feasible and what is allowed concerning their plumbing in an apartment, especially in co-op buildings.

Posted by: Biff Champion at September 11, 2008 4:52 PM

lechal, I'm so glad you posted that, because I was about to do the same. I grew up in a six story walkup in West Harlem on the sixth floor and one bathroom that was shared with two adults and three children. No AC either. You haven't been hot until you've tried to sleep on the top floor in the early 1960s heat wave that had temps over 100deg at times.

And in the same way, I see it as a measure of my success that I have always had AC and especially 1.5 baths or more. Hell, I got dumped on when stating that a nice 1BR apt for purchase (not a RS rental) should come with 1.5 baths.

I'm gonna get dumped on worse later when I update my reno blog and everyone sees the size of our new master bath!

Posted by: denton at September 11, 2008 4:55 PM

Oops, sorry for the double posting.

denton, another nice post, although I'm chuckling at your unfortunate references to getting "dumped on" given the subject matter.

Posted by: Biff Champion at September 11, 2008 4:59 PM

I'm glad the post was well received. I just wish it weren't so riddled with bad spelling and grammar (lesson of the day: never type when angry and in a hurry).

Posted by: lechacal at September 11, 2008 5:07 PM

Each toilet needs its own waste. Which go back to the building's main waste line. The building's main waste line is probably near the existing toilet. So new toilet needs to be near there. Don't think that you can put a toilet 10' away from the main waste line! There are pitching issues.

Also, co-ops tend to disapprove a wet area over a dry area below.

Posted by: bayridgegirl at September 11, 2008 5:40 PM

bayridgegirl, have you ever known anyone that added a second toilet on the same soil pipe, or waste line? In old apartment buildings, it is usually one connection per floor per line. I wonder if it would be pemissable by code to have to connections on the same floor? Probably not.

Posted by: sam at September 11, 2008 6:16 PM

It's an overpriced junior four with a decent layout. Note that kitchen, bath and jr-room (the original dining room, now the baby's room) are have a view of brick walls, probably that of another wing of the building.) Don't get me wrong, I like the apartment, just wouldn't want to pay three quarters of a million for it.

Weighing in on the bathroom issue: Quasi-yuppie here (then and now) who grew up in a very old house and relatively large house with lines that pretty much made extensive additions impossible. It was only after some creative INTERIOR redesign that my parents managed to put in a half bath on the first floor, meaning the family still only had one shower/tub to share. No AC except window units in two of the bedrooms. I'm with oohlala...the disdain with which people use one bath as a deal-breaker is pretty funny. I wouldn't if the residence had everything else I wanted. Let's be realistic...in NYC, what percentage of pre-war apartments have more than two bathrooms???

Oh, and I still hate AC.

Posted by: Minmin at September 11, 2008 7:32 PM

Actually, most pre-war family-sized apartments were designed with two bathrooms. Not because it was felt at the time that the family needed two bathrooms but because it was felt that the family could not share its bath with the domestic employee that most middle-class families employed. In effect, lets get down to brass tacks, it meant that the family could hire a Black domestic. She would have her own half bath. There you have it. The past is, as they say, a foreign country.


Posted by: sam at September 11, 2008 7:40 PM

but there's the rub--this is a jr4, not really a family sized apartment in the sense you mean, and in the apts you mention, the second bath is generally tiny and off the tiny room just off the kitchen.

Posted by: Minmin at September 11, 2008 9:22 PM

lechacal: maybe a little over the top with your response? maybe just a little??? no one denied anyone of a second bathroom.
I'm with minmin and oohlala. I think too much is being made of the fact that there is one bathroom. and yes, i like the luxury of the second bathroom but frankly why make such a big deal over it. you want one, get one. but geez, to react that way you need to lay off the coffee.

Posted by: just me at September 12, 2008 8:01 AM

"what percentage of pre-war apartments have more than two bathrooms???"

"and in the apts you mention, the second bath is generally tiny and off the tiny room just off the kitchen."

Minmin, you're missing my point. I'm talking about having one versus two or more bathrooms; not having two bathrooms versus more than two. To many people, including me, lots of value is put on having more than one bath. If you were to compare the prices of apartments of relatively the same size and features, the only difference being that one had one bathroom and the other had two, I think you would see a noticeable difference. That was my experience whenever I've looked for homes in NYC in the past.

Posted by: Biff Champion at September 12, 2008 9:04 AM

i live on the top floor in a 1250 sq ft 2 bedroom prewar [1923] and the folks directly below me put in a second full bath next to the original. gotta say they did a nice job but if they were above me i would have raised bloody hell.

Posted by: 11214 at September 12, 2008 11:50 AM

bayridgegirl, have you ever known anyone that added a second toilet on the same soil pipe, or waste line? In old apartment buildings, it is usually one connection per floor per line. I wonder if it would be pemissable by code to have to connections on the same floor? Probably not.

Sam - not sure I understand what you mean, but here goes.
There is a main waste line that runs vertically through a building. When you flush a toilet, the stuff goes out of your toilet through a pipe to the main waste line.


If your toilet is father way from the main waste line, then there is a horizontal pipe connecting your toilet waste line to the main waste line.

Here's some photos (the best I can find with out spending a lot of time looking. This from UK, but it works the same.


http://www.apollo-plus.co.uk/wet2.htm

If you look at the picture labled 'shower drain', you can see the black pipe running vertically in the corner, that's the main waste line. If your toilet is near there, then you just have a waste pipe going from your toilet to the main.

If your toilet is further away from the main. Look at the photo labeled 'plumbing'. They branched off from the main waste (the grey pipe). The toilet waste will go from the toilet to the 'grey' horizontal pipe to the main vertical waste pipe. You can add multiple toilets on that 'horizontal' waste line. Think of a public restroom, where there's alot of toilets.
Usually, these pipes are done in the slab (area between the floor and ceiling below).

In a apartment, if you are adding a toilet, it's the same concept. However, working in the slab is near impossible, you need access from below. Yes, asking your neighbor to rip up their ceiling to gain access to the existing plumbing or to add new. It's done all the time, you pay for all expenses and have to bring neighbors ceiling back to original condition.

Another option, is to do what was done in the photos, and have a the veritical waste run above the floor (in your space), you are then limited to using a rear discharge toilet. (the waste goes out the back of the toilet, not the bottom) - Look at photo labeled 'Design', you see the pipe connecting the toilet to the step up they created to cover the pipes.

This is very commen in NYC buildings, because you can do all the work from above (your space). No asking your neighbor to get into their ceiling.

Their are limits how far you can be from the main vertical waste, because of pitching the horizontal pipe. I just did 4 bathrooms this way (they were back to back). I think the furthest we were, was 12' (don't quote me on that). It was very diffucult, but the plumber made it work (and I just gave you guys a glimpse into what I do).

Also, there are different types of rear discharge toilets. there is a floor mounted rear discharge (the discharge tends to only be 4" above the floor). This won't work if you are far from the main. You need a higher waste. There are wall hung toilets, where the discharge is heigher up and the carrier is in the wall. (You're wall behind the toilet then needs to be deep to accomodate).

There are many types of rear discharge toilets with the carriers in the wall. This is one of my favorite toilets to use for wall hung (traditional) residential. The waste discharge is about 9" high. $700-800 not inculding the carrier

http://www.duravit.com/products/series/happy-d./toilets/toilet-wall-mounted--017109_toilets_92948_useo6q3rqe.html

Carrier
http://www.geberit.us/catalog/cis/inwall_list.php?inwall_name=Wall-hung%20Washdown%20Toilets

Hope this helps, sorry for the long winded post.

BTW, I see no way of adding another bathoom to this apt.


Posted by: bayridgegirl at September 12, 2008 2:21 PM

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