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February 3, 2009

Co-op of the Day: 75 Livingston Street Penthouse

75-Livingston-Street-PH-0209.jpg
We got to visit an apartment near the top of 75 Livingston Street in Brooklyn Heights last year and, man, the views are killer. So this new listing in the 32-story building naturally grabbed our attention. It's a 2,700-square-foot penthouse apartment. The asking price of $1,995,000 isn't so bad on a per-square-foot basis but the monthly maintenance of $3,532 is pretty painful. And maybe it's just the photos, but the ceilings feel low as well. We shall see. There's currently another apartment in the building for rent right now—a $3,300-a-month one-bedroom.
75 Livingston Street, #PH [CBHK] GMAP P*Shark
Co-op of the Day: 75 Livingston, #22C [Brownstoner]




Posted by Brownstoner at 12:41 PM | Comments (20)
Categories: Brooklyn Heights, Co-ops

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Comments

At the risk of sounding like a broken record, if I had well over two million (once you factor in maint) to spend on a home, there is no way I would be spending it on a condo, even if the views were so good you could see God.

Posted by: cwbuecheler at February 3, 2009 12:47 PM

A floor plan is really necessary here. I can't imagine the great layout they claim to have when the apt. is 2700 sq. ft. and only one bedroom. WTF is the rest of the space being used for?

Posted by: InsertSnappyNameHere at February 3, 2009 12:52 PM

cw it is a coop.

but i will say this: would it kill the broker to post a floorplan, and if that is a one bedroom the price is rather ridiculous.

Posted by: bkheightscoop at February 3, 2009 12:53 PM

I agree CWB, but I can see someone with $2 mil looking at it like "$3k a month for 2,700 sq and views? Hell yeah!"

Someone with that kind of cash is probably renting half the sq for $10k a month so they see this as an improvement.

But no, I would never drop that kind of cash or monthly nut on a condo.

Posted by: christopher at February 3, 2009 12:54 PM

Whats going on with those minscule high windows? The living room looks like my worst nightmare: a suburban ranch-style.

Posted by: dittoburg at February 3, 2009 12:56 PM

This place looks like a glorified attic.

Posted by: BrooklynLove at February 3, 2009 1:16 PM

read the ad - it's a co-op - not a condo

You guys sound like a bunch of bitter renters! It is kind of comical to read the posts in this blog.

Posted by: NYC Shopper at February 3, 2009 1:26 PM

The bedroom and bathroom are truly amazing. But the other rooms, not so much. What is the point of having that view if you can only see it by standing right of front of the wee little windows?

Posted by: shillstoner at February 3, 2009 1:32 PM

Broker, welcome back.

Why would one be "bitter" when rents are plunging, and owning is a millstone? Good luck moving this one, though.

Posted by: Whuh at February 3, 2009 1:38 PM

it sounded good until i saw the pictures... wow those windows and short ceilings are rather creepy...

nyc shopper - stfu bitter renter

Posted by: dinobot at February 3, 2009 1:39 PM

Is the living room in the basement and the bedroom on the top floor?

Posted by: dittoburg at February 3, 2009 1:47 PM

I'm a renter but I'm not particularly bitter. Still saving up a down payment, at which time I'll buy a home. Certainly it won't be this one, as I can't afford it, but fortunately I don't want this one anyway.

Also, I understand it's a co-op. I was using "condo" as a generic term for "gigantic building with lots of units in it" -- something that does not particularly appeal to me at any price point, let alone 2+ million. The fact that it's a co-op doesn't change that opinion.

Posted by: cwbuecheler at February 3, 2009 2:24 PM

nyc shopper - co-op or condo is irrelevant when the place is a midget hut.

Posted by: BrooklynLove at February 3, 2009 2:30 PM

I apologize if I offended any renters, what I was most amused about was the tone of the posts - such "meanness", instead of just stating the facts as you just did. I have noticed this on many blogs lately - it is kind-of sad, but I guess in these times we are all not so happy all the time. I do not personally care for this apt either - but I assume someone does and someone will. As you said it is not what you want - but it certainly may be someone's taste. Good luck to you!

Posted by: NYC Shopper at February 3, 2009 2:35 PM

Please go to the Mr Roger's cardigan blog and don't come back.

Posted by: dittoburg at February 3, 2009 2:44 PM

my point exactly - best wishes dittoburg.

Posted by: NYC Shopper at February 3, 2009 3:28 PM

Isn't that the building where the board basically dug that apartment out of some weird storage spaces some years ago, sold it and added the money to the reserve fund? That would explain the low ceilings and general strangeness...

Posted by: denton at February 3, 2009 4:24 PM

That was a cunning plan to increase the reserves. I wonder how much the owner paid for this?

Posted by: dittoburg at February 3, 2009 4:26 PM

Corcoran had it listed last year for 6 months at 2.25M, so that's a nice 11.33% chop. Buy now or be priced out forever you bitter renters!

FYI - maintenance quoted in the OP ($3,532) was last years listing; now $3,673. So is the good news it's nearly 50% deductible?

Posted by: BoerumHill at February 3, 2009 5:19 PM

Saw it today. It's quite a bit nicer in person. The upstairs (bedroom, bathroom, den, office) is quite lovely. The downstairs has issues with the high windows, but the kitchen is quite nice. The views are amazing. But given the very high maintenance, I can't see it going for anywhere near the asking price.

Posted by: zinka at February 8, 2009 7:27 PM

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