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January 6, 2009

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

40-Prospect-Park-West-6C-0109.jpg
This attractive prewar two-bedroom at 40 Prospect Park West first hit the market last July with an asking price of $789,000. After a trim of $10,000 in October, the top-floor pad got a more serious reduction last week to $725,000. There's some tough competition though: Apartment #6K, a two-bedroom FSBO we featured in September, has also reduced its asking price to $725,000, a situation we can only believe has led to some chilly elevator rides to the 6th floor.
40 Prospect Park West, #6C [Brown Harris Stevens] GMAP P*Shark
COTD: 40 Prospect Park West, #6K [Brownstoner]




Posted by Brownstoner at 12:43 PM | Comments (17)
Categories: Co-ops, Park Slope

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Comments

An 8% trim off the original ask. After it has been on the market for six months!!!!! Who's the moron advising these morons???

cornerbodega??? BHO??? You advising these sellers!!!!!!!

Posted by: daveinbedstuy at January 6, 2009 12:51 PM

6K -- the FSBO -- is a much better unit. Larger, better layout. There is no comparison. 6C should be $50K less.

Posted by: BH76 at January 6, 2009 12:59 PM

If BHO was advising them he would advise that the seller pay the buyer to take it off their hands.

Posted by: wasder at January 6, 2009 1:04 PM

That second bedroom in 6C is just a closetless converted dining room. Chop it to $650k and pray for a bidding war.

Posted by: SnarkSlope at January 6, 2009 1:09 PM

The closet in the master bedroom fits 2 suits and 3 shirts.
What's a working couple to do? Buy 6K instead.

Posted by: bayridgegirl at January 6, 2009 1:12 PM

Agree with all of you so far. This is NOT a 2-bedroom, but a 1-bedroom with dinning room. Ah well, seems these brokers have a last year perspective on the new year's market. 925 per month is high.

Posted by: househunt at January 6, 2009 1:17 PM

210 Berkley in the "something sold" thread sold for $592K in Sept. 210 had a little more space, a cheaper maintenance at $525 but no doorman. PPW has this much of a premium vs Berkley?

Posted by: DeLepp at January 6, 2009 1:24 PM

Have to agree that 6K is the superior apartment by pretty much any measure.

Posted by: cwbuecheler at January 6, 2009 1:24 PM

These prices are approaching real-world status, especially 6K. The other one needs a 50,000 chop asap.

Posted by: sam at January 6, 2009 1:27 PM

DeLepp - It's because of the glorious Manhattan views which you will stop noticing after like a week, much like everyone who rides the Q train each morning.

Posted by: cwbuecheler at January 6, 2009 1:28 PM

I've seen both and you get a beautiful open view of the Park from 6C. 6K is okay, it looks out to the building across the street but if you stick your head out the window you'll see the park and the city! I think location in itself is worth the asking for both places...

Posted by: oohlala at January 6, 2009 1:38 PM

aren't both of these converted two bedrooms (dining room made into living room)? I dunno -- I dont like the finishes on either of these places and wouldn't be interested in sinking 50k into them to redo bathrooms, kitchens, etc

Posted by: Ringo at January 6, 2009 1:47 PM

Nicely staged, but why not a bathroom pic? Yeah, no way is this a 2 br. Even a toddler would feel cramped. I'm thinking 675 k. Maint. seems about right for a full service building if that's what this is on PPW.

The broker is correct about the light. We had an east facing apt. with no obstructions and even on the gloomiest day it felt airy. Super hot in summer though.

Posted by: Bolder at January 6, 2009 2:31 PM

6C is pretty ugly compared to 6K. No vent over the stove that's stuck in the corner?

The broker is hot tho, but you'd think with her impressive educational achievements she could write better copy...

"Walk outside and delight in the seasons as they come and go right in time for the falling leaves."

Posted by: denton at January 6, 2009 3:34 PM

I looked at 6K apartment some time ago, before they lowered the price. The owners are a lovely couple who used the "second bedroom" as a baby room. It is indeed a converted one-bedroom, though the size is quite large. That second bedroom cannot be properly utilized as a second bedroom IMO. Even if you removed the french doors, the size is quite small. A shame because there is alot of space; its just that the renovation didnt help the layout(the owner mentioned that some walls were moved to create the current layout). It would make a FANTASTIC one-bedroom apartment though. But price is too high for a one-bedroom.

Posted by: saminthehood at January 6, 2009 5:25 PM

I looked at 6K apartment some time ago, before they lowered the price. The owners are a lovely couple who used the "second bedroom" as a baby room. It is indeed a converted one-bedroom, though the size is quite large. That second bedroom cannot be properly utilized as a second bedroom IMO. Even if you removed the french doors, the size is quite small. A shame because the apartment has alot of space; its just that the renovation didnt help the layout(the owner mentioned that some walls were moved to create the current layout). It would make a FANTASTIC one-bedroom apartment though. But price is too high for a one-bedroom.

Posted by: saminthehood at January 6, 2009 5:25 PM

Wow, no contest here: 6K looks far superior in layout, it just needs a paint job. The floorplan in 6C made me laugh: it shows the dining room in the hallway. The current owners obviously found that laughable, too, but having to walk across your living room with food from the kitchen isn't ideal, either.

I agree the place at 210 Berkeley seems like a better buy, though I understand that people looking at doorman buildings on PPW may not be interested in townhouse apartments.

Posted by: Park Sloper at January 6, 2009 5:51 PM

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