« Last Week's Biggest Sales House of the Day: 277 Stratford Road »

December 2, 2008

Co-op of the Day: 141 Lafayette Avenue

As anyone who's ever been in the courtyard of 141 Lafayette Avenue can tell you, this 21-unit co-op is one charmer of a building. (The casement windows seal the deal for us.) This two-bedroom apartment has lots of original architectural detail and plenty of windows; the one drawback, for some, may be that there's only one bathroom. The 950-square-foot pad has a monthly maintenance of $744 and is asking $635,000. There are open houses on Saturday and Sunday this weekend from 2 to 4 p.m.
141 Lafayette Avenue [FSBO/NYT] GMAP P*Shark

Trackback Pings

TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/7423

Comments

like the pics - seems nice

Posted by: dittoburg at December 2, 2008 12:42 PM

nice courtyard. and i firmly am beginning to believe that people who freak out about a TWO BEDROOM (or sometimes even a ONE BEDROOM) apt only having one bathroom are just people who are paranoid about the smell of their own poo mist. that is the only explanation i can think of. either that or they spent so much money on an apartment they can no longer afford Depends.

*rob*

Posted by: PitbullNYC at December 2, 2008 12:43 PM

We had this discussion about the old "quaint" casement windows before. They leak like hell in the Winter.

Posted by: daveinbedstuy at December 2, 2008 12:50 PM

apparently so do the people who need 5 1/2 bathrooms!

*rob*

Posted by: PitbullNYC at December 2, 2008 12:53 PM

*rob*...this will blow you away.
Years ago, in my hey day of design. I was working on a house for a CEO of a major financial institution (won't say which bank, but they're still around). This house had 24 (yes, 24, I'll say it again 24) bathrooms. I spend months desgining those bathrooms.

Posted by: bayridgegirl at December 2, 2008 1:02 PM

"I was working on a house for a CEO of a major financial institution (won't say which bank, but they're still around)."

Well, the list of possibilities has narrowed substantially in recent months...

Posted by: SnarkSlope at December 2, 2008 1:07 PM

Pretty fair deal, i wonder how much lower thaan asking this will sell for. Anything under 600k would seem like a steal to me.

Posted by: bktycoon at December 2, 2008 1:08 PM

that is just absolutely insane. i hope there were at least that many bedrooms. tho that would be insane too. people live in such excess (not to say if i could i wouldnt but you know what i mean). imagine cleaning 24 bathrooms? i can barely clean one.

*Rob*

Posted by: PitbullNYC at December 2, 2008 1:09 PM

He's probably shitting bricks now which has ruined all those high end ToTo toilets.

Posted by: daveinbedstuy at December 2, 2008 1:09 PM

Poo mist?

Posted by: serpentor at December 2, 2008 1:12 PM

I've always LOVED this building. One of my favorites.

When I was looking at apartments for sale in the Griffin, I'd always walk by this place and admire it...

Posted by: 11217 at December 2, 2008 1:14 PM

Hilarious about the 24 bathrooms. I always laugh when I'm watching HGTV and you have one young married couple without children shopping for a house in the suburbs and upset when they can't get more than 3 bathrooms. And they're never rich enough to afford a regular cleaning lady, by all appearances. Do these people ever think about the fact they have to clean all those bathrooms at least once or twice a week?

So I agree with Rob's rant. I'm kinda tired of seeing the whining about "only one bathroom" around here. Does Brownstoner have any idea how few 2BR coops in historic Brooklyn buildings have 2 bathrooms? Almost none. If you want 2 bathrooms you have to buy new construction.

Posted by: traditionalmod at December 2, 2008 1:17 PM

yes poo mist is what you make when you take a stinkie. it's an actual mist you know.

*rob*

Posted by: PitbullNYC at December 2, 2008 1:17 PM

well all those extra bathrooms could potentially come in handy for their future bulemic daughters. sorry, crass joke, but pertinent to the issue at hand.

*Rob*

Posted by: PitbullNYC at December 2, 2008 1:21 PM

Agreed about the bathrooms, although there are some mornings when sharing ours is a real relationship test...

Looks like kitchen/bath could use a little work (hard to tell from photos).

Overall, though, a charmer. Get this asking closer to $600K, and I think that you got a deal.

Posted by: BrooklynButler at December 2, 2008 1:23 PM

House was not in NYC...in the burbs of. New construction by hot shot architect and hot shot designer. It was over 40,000 sq. ft. That was an ostentatious (sp?) display of wealth.

I agree one bath in 2-bedroom is acceptable. Sure, it would be nice to have 2nd bath or half bath, but let's stop complaining.
Hubby grew up with 7 other siblings in an apt with one bath....talk about learing to hold your own!

Posted by: bayridgegirl at December 2, 2008 1:23 PM

Respect the poo mist. It's why you're supposed to close the toilet lid before flushing. Otherwise a good deal of bacteria sprays up and out when you flush. Some have tested and found the spray goes as far as a few feet away from the toilet and they have found fecal matter on toothbrushes.

Posted by: traditionalmod at December 2, 2008 1:24 PM

I've been in this apartment. The windows don't leak.

The courtyard behind the building is really something to see. Great for gatherings.

Posted by: dreamking at December 2, 2008 1:27 PM

EW i did not know youre supposed to put the lid down because of that. gack. oh well whatever doesnt kill you makes you stronger. poomist and all.

*rob*

Posted by: PitbullNYC at December 2, 2008 1:27 PM

Mr. B...pleasse delete the postings on poo mist. i just finished lunch.

traditionalmod...please keep your toothbrush away from the toilet.

And BRG...WOW..you spelled that correctly.

Posted by: daveinbedstuy at December 2, 2008 1:30 PM

This might be the best comment thread I've ever seen on coop/condo/house of the day. huzzah.

Posted by: pclem at December 2, 2008 1:30 PM

The casements are single pane glass. They are incredibly inefficient. And if you weren't there on a windy Winter day then you should go back. I didn't mean water, I meant warm air out, cold air in.

Posted by: daveinbedstuy at December 2, 2008 1:32 PM

"And BRG...WOW..you spelled that correctly."

I DID?!?!?! Yippy!!!
Biff, would be so proud of me.

Yep, this thread went down the toilet.

Posted by: bayridgegirl at December 2, 2008 1:37 PM

Agreed with DIBS on the casement windows. They may have "sealed the deal" for Mr. B, but that's about all they seal.

Posted by: NorthHeights at December 2, 2008 1:37 PM

I heard that poo mist can actually escape the bathroom and bend it's way around an apartment. Thus, the poor insulation and leaky nature of casement windows can actually be quite effective in cleansing a home of said substance.

Posted by: Biff Champion at December 2, 2008 1:38 PM

635k is a fantastic deal

Posted by: PropJoe at December 2, 2008 1:38 PM

Except I just realized I misspelled 'learning'

'learing to hold your own'

Posted by: bayridgegirl at December 2, 2008 1:39 PM

With all the time to waste
Our hope will never die
Our fate is kept inside
With all the time to waste
Eternally in flames we must hide
Beyond the mist we ride

Posted by: Biff Champion at December 2, 2008 1:41 PM

I misspelled definitive early this morning on yesterday's HOTD and brought the Whuh out from his cave.

Posted by: daveinbedstuy at December 2, 2008 1:42 PM

By the town of straight and narrow,
Theres a dark and misty place.
Everything is hazy,
So the people are afraid.

All except marias daughters,
Who believe in misty ways.
Everything is lovely,
In a misty morning glaze.

I like misty water,
I like fog and haze.
Anne maria and her daughters,
They like misty water.

I like misty water,
I like fog and haze.
Anne maria and her daughters,
Take a sip of misty water.

Though maria is not lovely,
Shes the lady of my dreams.
cause I see my lady,
Through a misty, silky screen.

And seeing is believing,
But I cant believe my eyes.
Everything is lovely,
In a misty paradise.

I like misty water,
I like fog and haze.
Anne maria and her daughters,
They like misty water.

They like misty water,
I like fog and haze.
Anne maria and her daughters,
Take a sip of misty water.

I like misty water,
I like fog and haze.
Anne maria and her daughters,
They like misty water.

They like misty water,
I like fog and haze.
Anne maria and her daughters,
They like misty water.

I like misty water,
I like fog and haze.
Anne maria and her daughters...

Posted by: daveinbedstuy at December 2, 2008 1:43 PM

I lived in a place with casement windows for YEARS on the upper west side.

The beauty far outweighs the minor drafty nature, in my opinion.

I've always needed the window cracked in winter anyway (even in my current place) to alleviate the excessive heat.

Posted by: 11217 at December 2, 2008 1:47 PM

I find it hard to believe that Dave in Bed Stuy works at all. How do you manage to post so many comments every damn day?

Posted by: Ringo at December 2, 2008 1:48 PM

We are not active traders.

Posted by: daveinbedstuy at December 2, 2008 1:53 PM

$635k x 5% / 12 months + $744 maintenance = $3,390/month.

I pay less than that for 2 extra bedrooms, one extra bathroom, and another 800 sq feet in arguably a better neighbourhood (near Q on Cortelyou Rd).

Yes, my landlord could raise my rent over time but only if I consent to pay it (and rents are based in reality) but that's a high price to pay for "security" when me and a friend with a van can move anywhere in a couple of days.

If the rent on this place is $2,500 (high but it looks a nice building), and you turn the above equation on its head, you get to a reasonable price of $421k.

Posted by: the chicken at December 2, 2008 1:56 PM

yes the chicken, but in 15-30 years the owner of this place will not be paying any mortgage when they are retired and your rent will likely rise every 1-2 years forever.. Think longer term.

Posted by: daveinbedstuy at December 2, 2008 2:00 PM

If this apt did have two bathrooms, it would be hideously ugly. When I see as many -- or more, the horror! -- bathrooms as bedrooms in listings, I know to ignore the listing. It's either post-war or someone did something horrible to get another bathroom in there.

As for the casement windows, you could put storm windows o heavy drapes over them if you're concerned about the cold. It's too bad nearly 100 percent of coops in New York with windows like this have replaced them. It's significantly altered the appearance of these buildings, since often the windows are the only thing distinguishing them from the plain brick boxes of later vintage. And in landmarked areas, too. (Jackson Heights, I'm thinking of you.)

Speaking of Jackson Heights, it's interesting that you can get a nearly identical apt there for about the same amount of money. Maybe $100,000 less, 1920s with fireplace instead of 1930s, and 150 more square feet. $100,000 more for Brooklyn seems about right, doesn't it?

Posted by: mopar at December 2, 2008 2:01 PM

As Dave says, Chicken....let's say the person buying this is 35 years old and takes out a 30 year mortgage. Done at the age of 65.

Figuring that the average lifespan is what almost 80, have you factored in the rent you'll be paying from the age of 65 - 80 (on a fixed income, no less).

Doesn't seem like you're thinking long term at all, which is scary and a reason why half the U.S. population over 55 has less than 10K in savings.

Posted by: 11217 at December 2, 2008 2:05 PM

is poo mist same as fecal fog?

Posted by: cmu at December 2, 2008 2:11 PM

The Chicken is claiming his neighbourhood is better than Fort Greene? Seriously? That's pathetic

Posted by: PropJoe at December 2, 2008 2:12 PM

c'mon DIBS, you work in the market - you're supposed to be dispassionate about the numbers.

I've been a homeowner for 14 years (still am in London) so I know all the benefits like freedom to modify, enforced saving through mortgage, etc. but my argument is only on the numbers.

The 5% I gave was for the long-run interest on the principle, not for any capital repayment.

Rent might increase forever but I will have a choice whether to pay up or move - and that will be based upon my ability to pay it.

Look at it another way. I see this being a nice home for a couple on $100k - I don't think that is too unreasonable. 3.5x combined income mortgage and a nice $50k deposit they have saved up over 5 years and that gets you to $400k.

Posted by: the chicken at December 2, 2008 2:14 PM

Sorry PropJoe, I didn't mean to get into a pissing contest about neighbourhoods.

I like Victorian Flatbush a lot, you like Fort Greene a lot. Let's leave it at that.

Posted by: the chicken at December 2, 2008 2:17 PM

Price is way too high. Here's an example why:

http://www.streeteasy.com/nyc/sale/333385-101-lafayette-ave-fort-greene-brooklyn

It failed to sell at $580k. The mortgage would have been about $2,933. The maintenance added another &800/mo, for a monthly nut of about $3800.

It's now marketed as a rental for $2200:

http://www.tregny.com/detail.jsp?apt_id=70979&list_index=0&aptList=70979&ref=streetEasy

Posted by: SnarkSlope at December 2, 2008 2:18 PM

I wish my place had casement windows. It's insanely hot in here at all hours of the day and night.

Anyway, this is not bad. We're starting to see bigger spaces in the 600s, and in better areas too -- that part of Clinton Hill has some very pretty blocks. I still think $600k is a mildy insane amount to pay for a 2 BR co-op though (particularly once you add in the maint charges), even for New York. I'm hoping to see decent 2 BR's fall to the 400's by summer 2010 ... which I think is a bit more than they were in 2000 before the market went berserk?

Probably wishful thinking, though.

Posted by: cwbuecheler at December 2, 2008 2:19 PM

11217, I am in the market to buy - but at the right price.

That half of the US population over 55k has less than $10k in savings is very sad and can, in part, be attributed to the housing bubble.

Don't worry about the chicken - I save plenty and am very long term in my outlook.

ps I am not, nor in any way related to, The What or Miss Muffett and am very up for debating houses and their associated prices.

Posted by: the chicken at December 2, 2008 2:23 PM

Victoria Flatbush sucks. Better to live in Montclair. At least you'd have a yard. You can't walk anywhere from VF.

Posted by: PropJoe at December 2, 2008 2:25 PM

This definitely seems overpriced to me. It might include access to a nice courtyard, which is certainly a plus, but the apartment itself is quite cookie-cutterish, in my view, and nothing at all special. In fact, I find the pictures rather depressing...

Posted by: Biff Champion at December 2, 2008 2:25 PM

thanks for the example SnarkSlope - my point exactly.

Posted by: the chicken at December 2, 2008 2:26 PM

biased much ;)

http://www.brownstoner.com/profile/PropJoe

Posted by: the chicken at December 2, 2008 2:30 PM

Always, Chicken . . . always

Posted by: PropJoe at December 2, 2008 2:33 PM

Victorian Flatbush is amazing. Gorgeous area.

When you speak in such an immature fashion, PropJoe it makes nothing you say very credible. You can not prefer Victorian Flatbush, but to say "it sucks" just makes you look ignorant.

Although your previous racist comments would also suggest that as well.

Posted by: 11217 at December 2, 2008 2:39 PM

the chicken - ditmas apartments are WAY cheaper because of the further distance to Manhattan. your whole line of thinking is out of whack. Also, the rent of a 2 bedrm like this is definitely in the 3,000 range - no? this apt could come down in price, maybe, but won't end up in the $400K range...
also, remember, there's the huge tax benefits. we got back (with 0 deductions) over $25K last year - all attributed to the interest on our place. that brought our condo down to like $2300 w cc's... people with a decent income really lose out when they rent.

Posted by: wine lover at December 2, 2008 2:58 PM

The 101 Lafayette listing that failed to sell @ 580K is a one bedroom. This apartment seems to have two real bedrooms, but it also seems to need a complete make-over. Still, at that price, or maybe slightly closer to 600K, I think it could sell by the end of the weekend. It's a great building in a great location.

Oh--I love those windows too, but we had them in a house we lived in years ago. In the winter, ice formed on the INSIDE of the windows. Reminded us of the house in the film Dr. Zhivago.

Posted by: dylanfan at December 2, 2008 3:00 PM

winelover - i agree, this place would probably rent for around 3,000, maybe 2800 at the least. Lafayette is prime FG and this 2 BR is nearly 1000 sq ft. The rent on this place is certainly not 2500 (maybe in '05?)

Posted by: bktycoon at December 2, 2008 3:12 PM

I think it is ok in price. Chicken, the place would not be 100% financed, so your numbers a off a bit. I know of 2 BR coops in brownstones on Lafayette about a block away that sold for around 600K back in 2004/2005, so this does not seem out of whack.

Posted by: 1842 at December 2, 2008 3:35 PM

"As for the casement windows, you could put storm windows...over them if you're concerned about the cold".

Not if you ever plan on opening them--they open OUT. Maybe some kind of storm windows could be mounted inside.

Posted by: Bob Marvin at December 2, 2008 3:35 PM

I know someone who rents a 2 bedroom in the Griffin for $3400. It's smaller than this, I think.

I don't know who said this would rent for 2500, but that's crazy talk.

Posted by: 11217 at December 2, 2008 3:38 PM

Crazy man here again.

I don't know Fort Greene too well so don't know if this immediate area is as good but it is equidistant to the park.
http://realestate.nytimes.com/rentals/detail/590-595828/263-PROSPECT-PLACE-NY-11238
(extra 200 sq feet as a study and is furnished)

2 blocks to the south
http://realestate.nytimes.com/rentals/detail/44-1445860/SAINT-JAMES-PLACE-NY-11238
(crappy layout but also with a study)

"prime Fort Greene" they say...
http://realestate.nytimes.com/rentals/detail/44-1437343/CUMBERLAND-STREET-NY-11238

Posted by: the chicken at December 2, 2008 3:57 PM

this looks nice as well. Similar size, similar location.
Maybe you just like paying more than you have to?

http://realestate.nytimes.com/rentals/detail/44-1447992/LAFAYETTE-AVENUE-NY-11238

Posted by: the chicken at December 2, 2008 4:01 PM

Hey chicken while we agree this place is a overpriced in this market your logic is fuzzy since you haven't considered the tax benefits, gained equity, and as DIBS pointed out rent will rise forever in the long term.
Now on the neighborhood thing do you really think Ditmas Park is anywhere as desirable as FG to most people? Arguably? You cannot be serious right? Why do you think your rent is so much cheaper? Try renting a place of equal size and condition to yours in FG and see the $$ differential. Not to get into a "pissing" match but we can assure you if taken objectively Fort Green is by far the better neighborhood on almost all levels ma chere.
PS: we may be biased since we live in FG but we've got friends in historic DP. Ah also we are renting fyi.

Posted by: pierre de taille at December 2, 2008 4:06 PM

okay, let me take back the comment about relative neighbourhoods - it gets people all excited and is irrelevant to my central point.

Are the apartments that I highlighted reasonable comps for this place? If so, then I think my rental point stands.

Tax benefits is a valid point but I would counter with what have I foregone in opportunity cost? Remember that you make two decisions when you buy a place; 1) what price your going to pay, 2) how much to put down and how much to borrow. The two should be independent of each other but most people only look at their deposit and monthly payments.

The benefits of gained equity are false. You are forcing yourself to save with a mortgage, which is a good discipline but you are foregoing the opportunity to invest elsewhere.

Please note that I am not, and never have, argued against home ownership itself - only home ownership at the wrong price. Just because I can afford to, does that mean I should overpay?

Posted by: the chicken at December 2, 2008 4:32 PM

"as DIBS pointed out rent will rise forever in the long term."

Nothing rises forever, in real terms, in the long term - especially not something like rent which is ultimately rooted in population's ability to pay.

Posted by: the chicken at December 2, 2008 4:36 PM

I just looked at a couple of those rental listings, Chicken and that last one is a dump. The kitchen is horrendous.

Sure, you can find cheaper, but the units are not as nice as this one. The fixtures are of poorer quality, you are not able to make design or major improvements, there are a host of other issues.

Renting is better for some, no doubt, but I would not call those apartments you listed as comparable. They may be comparable in size, but certainly not in quality, in my opinion. Some people just want inexpensive, and that's great. But to get an apartment of this caliber, it would be very difficult to find for 2500 a month.

Posted by: 11217 at December 2, 2008 4:40 PM

I'm usually negative, but at $600K this sounds okay to me.

And not having two bathrooms in 950 square feet is a huge plus.

This zoned for ps20?

Posted by: Heather at December 2, 2008 4:45 PM

I absolutely love this area. The guys that run the corner store on lafayette and cumberland are cool as hell as well.

>"prime Fort Greene" they say...
>http://realestate.nytimes.com/rentals/detail/44-1437343/CUMBERLAND-STREET-NY-11238

This place is about 1-block away from the shootout that happened a few weeks back.

Posted by: jdoo at December 2, 2008 4:54 PM

I like this listing better:

http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1379283

The price is lower.

Its a Condo.

The building is very Nice.

Posted by: Brooklyns_da_Boro at December 2, 2008 5:26 PM

Just a quick note:

The main building in this coop is really multiple brick rowhouses made to look like one unit in the 1920's/early 30's and the underlying houses date from the 1850's I believe. The buildings actually have quite a bit of the 19th century detail. The conversion was a way for buildings that were single family homes that might have had boarders to be transformed into aparments, one per floor.

The coop includes the smaller house to the right set back a little farther (quite an attraction for pedestrians and strollers) which has the ground floor unit opening on the street side and the upper unit accessed via the backyard and the small Tudor style (Americana Collegiate?) from the 1920's or 30's that sits behind the main buildings in the backyard.

I have known many people who have lived or who still live in these apartments.

Posted by: BrooklynGreene at December 2, 2008 5:27 PM

Hi Chicken.

The first listing is in Prospect Heights, about a mile or so away. Might be nice, but not sure of what block of Prospect Place it is on - in any event it would be worth a look, even though it is in a different neighborhood.

Second one on St. James is in Clinton Hill and is not as good of a location.

Last one is not a good location either, on Cumberland between Atlantic and Fulton - right beside the footprint for Atlantic Yards.

Brooklyn da Boro's listing for the condo on the corner of Atlantic and Washington in Clinton Hill looks ok, but the location is not as good, especially with busy Atlantic.

I sold a place near this FSBO coop years ago. The location is key - lots of interest because of that (plus the strong market 4 years ago). If you were familiar with Fort Greene, you'd know what I mean about the location.

Posted by: 1842 at December 2, 2008 5:48 PM

This is about as prime a location as it gets in Ft. Greene.

Terrific pad.

Posted by: 11217 at December 2, 2008 5:56 PM

Brooklyns_da_Boro,

That building is nice but it is on Atlantic Avenue in Clinton Hill, not prime Fort Greene near all the subways, park, shopping and farmers' market.

In terms of storm windows, you can have sliders or in-swing casements made. They do help a lot. It is kind of too bad the people who converted these townhouses last century did not keep the original window configurations though.

I guess by 1920 they considered brownstone and period brick rowhouses to be the living end, hence the "Tudor" redo. It probably seemed quite stylish at the time.

the chicken,
Did you actually to post rentals (rather cruddy ones), some in Prospect Heights, as a comparison to this coop for sale? Also, the one on Prospect place is really a one bedroom considering the layout...and can come as a furnished rental if required. These are a bit different from the coop being discussed.

11217 and PropJoe,
They I certainly cannot always agree with the two of you (for different reasons of course), I appreciate your Fort Greene enthusiasm!!! I hope you make it to Friday's Fort Greene Association Holiday Potluck Party hosted this year at the art space 138 S. Oxford in the Oak Room. I thought Roslyn H. would finally have her house finished up enough to host it this year but I guess we'll have to wait until 2009. See you there!!!

PS, considering your pro-Fort Greene stance, the two of you should look into the cohousing Carlton Muse project. You might get a kick out of it!

Posted by: BrooklynGreene at December 2, 2008 6:04 PM

Oops!

"They I certainly cannot..."
READ: "Though I certainly cannot..."

Sorry...chalk it up to age!

Posted by: BrooklynGreene at December 2, 2008 6:06 PM

Thanks BrooklynGreene, but please don't lump me and racist, bigoted PropJoe in the same sentence again. I might come across as abrasive sometimes (it's mostly my dry sense of humor, I think), but I am nothing if not welcoming of ALL people and races.

Good luck with the Potluck Party on Friday...sounds fun!

I think that co-housing thing sounds really interesting. I've often had fantasies of commune living.

I'm quite happy with my pad down in Park Slope, although.

I'm looking forward to heading up your way on Sunday...it's been a while since I've hit the Flea and I'm excited to check out the new holiday section indoors!

Posted by: 11217 at December 2, 2008 6:13 PM

11217,

Oh, I thought you were in FG they way you support the neighborhood. By the way, cohousing is not "commune living". The project the Brooklyn Cohousing group has put together looks rather high-end.

I like the flea market though it caters more to a younger crowd. I have bought some nice things, not so cheap but reasonable for what they are. Aside from the trendy furniture people this summer (bought nothing from them but took their cards), I keep gravitating (and buying in some cases) the nicer (best in my opinion) things I come across.

Admittedly, there is a lot of junk there but some nice things too. One vendor who only came about 5 times had to be the oldest vendor there and carried very nice historic (mostly American and some British) silver and Staffordshire and we just picked up some very nice chairs the Sunday before last...all things we don't need most probably when all is said and done!

Posted by: BrooklynGreene at December 2, 2008 6:25 PM

How does this one compare. I think that it is in a better location, although in PH, because it is close to all trains, close to the park and not only the stuff on Vanderbilt, but close to PS and FG http://realestate.nytimes.com/sales/detail/253-NS81112645/250-PARK-PLACE--11238

Posted by: JENNYFROMTHEBLOCK at December 3, 2008 11:31 AM

As a member of the Coop concerned, let me add a few comments to this conversation. The last 2-bedroom to sell in this building was offered at $685,000 two years ago and sold for the full asking price after the first open house. In this context, $635,000 seems like a good price, even in the present economy. The apartment was completely renovated four years ago, including the kitchen and bathroom. The windows have been aligned and tightened in the last couple of years and are as air-tight as they can be. A new roof was put on the building two years ago. The back garden is indeed beautiful. As is Fort Greene in general. And the neighbors are friendly.

Posted by: mozart at December 3, 2008 7:24 PM

« Last Week's Biggest Sales House of the Day: 277 Stratford Road »

December 2, 2008

Co-op of the Day: 141 Lafayette Avenue

Trackback Pings

Comments

Post a comment

Latest Restaurant Additions