Co-op of the Day: Another 1BR at 193 Clinton Avenue

"I would not want to be the owner of the most expensive comp in the building...especially not these days," wrote a commenter on yesterday's Co-op of the Day thread in reference to a sleekly-renovated, 11th-floor one-bedroom at 193 Clinton Avenue. That quotation is looking all the apt in light of today's Co-op, another one-bedroom on the 12th floor in the same building. The big difference? This one's got no bells and whistles. (It does have a newish kitchen, but it looks like a Home Depot special.) Of course, this one's also priced quite a bit lower: $269,000 versus $409,000. Which is a better deal?

193 Clinton Avenue, #12G [Fenwick Keats] GMAP P*Shark
Co-op of the Day: 193 Clinton Avenue [Brownstoner]

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this one is a converted studio/ jr 1 bedroom, which i did not know existed in these coops (looks like it's missing what would normally be the bedroom and the dining area got converted to the bedroom). so part of the price difference (beyond the lack of high end appliances is that it's smaller than the $400K one.

Posted by: gomuppets at November 26, 2008 12:48 PM

Bid 225. It's a good deal. And altho the building is boring, it is fireproof and has elevators.

Posted by: Inigo at November 26, 2008 12:58 PM

gomuppets claim, if true, changes everything.

Posted by: 25 to 50 Percent Drop at November 26, 2008 1:05 PM

Not to jump to all kinds of conclusions but I assume that there is a reason why the maintenance on 12 is $596 vs $696 downstairs. Probably something about the square footage of the unit.

Posted by: serpentor at November 26, 2008 1:11 PM

i'd say it's the 11th floor. It's view is better, it's bigger, it's finished! The 12th floor apartment is a studio overlooking the security booth.

Posted by: brooklyn_G_girl at November 26, 2008 1:12 PM

no floorplan for 12th floor, but gomuppets is right in that it says its an alcove studio converted to 1 bedroom. 11th floor then would have more space and better everything inside.

Posted by: goldie at November 26, 2008 1:27 PM

I live in a studio in these buildings, YES, G is a studio. They are still decent size studios and there are different options for these. From what I can tell, the dining room has been enclosed to make the bedroom which makes the place feel very small. Mine was left open with a moveable wall and I love it. My neighbor has hers enclosed but got rid of the middle storage room off the kitchen, which is also nice! A lot of the apartments are getting refurb now, it will be interesting to see what happens to the $$$. =)

Posted by: brooklyn_G_girl at November 26, 2008 1:37 PM

Floorplan for 12G is here:

- http://www.streeteasy.com/nyc/sale/292755-coop-193-clinton-avenue-clinton-hill-brooklyn

I like the finishes in 11A, but I think they WAY overspent. I'd opt for 12G and finish it even more to my own liking. And do it cheaper.

Posted by: SnarkSlope at November 26, 2008 3:38 PM

11A definitely -- the extra bedroom is worth at least 80k -- it adds at least 170 square feet to the apartment. Then adding the open NYC views and the renovation, it's really no comparison. I think 12G is overpriced based on comparable CHAOC studio sales.

Posted by: cortnyc at November 26, 2008 4:16 PM

According to Streeteasy, the A line units are 775 ft² and the G line units are 655 ft².

11A clocks in at $527/sf and 12G at $410/sf.

If Apt 12G were priced at $527/s, it would be $345,000. So, at an asking price of $269,000, this leaves you $65,000 to upgrade it and hit the same psf.

Posted by: SnarkSlope at November 26, 2008 4:35 PM

Make that $75k. My bad.

Posted by: SnarkSlope at November 26, 2008 6:07 PM

Need to revise my opinion as I just realized that this apartment does not have full open views (as do A-line apartments in 201 and 185). I think both units are overpriced, but I think the true one-bedroom is a better deal.

Posted by: cortnyc at December 1, 2008 11:27 AM

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November 26, 2008

Co-op of the Day: Another 1BR at 193 Clinton Avenue

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