« Inside Third & Bond: Week 81 House of the Day: 1265 Dean Street »
April 23, 2009
Condo of the Day: 70 Washington Street, #4S
In case yesterday's Condo of the Day at 45 Main Street was a little too rich for your blood, perhaps this 1,262-square-foot pad around the corner at 70 Washington Street will be more within reach. Priced at $1,190,000 (less than $1,000 a foot), the two-bedroom loft has 11-foot ceilings and monthly charges of just $379 per month. The FSBO, however, has some competition from another unit down the hall that's almost exactly the same size and is asking just $1,100,000. Which is a better deal?
70 Washington Street, #4S [FSBO] GMAP P*Shark
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Comments
The horses on the wall in the comparison apt. are scaring me. Seriously.
Oh, and this really isn't a 2 br. It's a 1br + home office. No windows = no 2nd br. I think the comparison apt. is the better deal and seems to be getting more light in the living room.
Posted by: InsertSnappyNameHere at April 23, 2009 12:48 PM
Wow, less than $1000/sf? CHEAP!!
:P
Some people may be willing to pay insane premiums to live in DUMBO, but I am not some people.
Nice common charges tho.
Posted by: cwbuecheler at April 23, 2009 12:48 PM
I'm having deja vu (all over again).
Haven't we seen this place before?
If I'm going to live in DUMBO, and pay over a million clams, I want a view.
Bzzzzzzt. Next contestant, please.
Posted by: SnarkSlope at April 23, 2009 12:52 PM
well I like the common charges of this place and the kitchen is cool
but holy voyeur!!! - geesh, your view is a buidling filled with windows literally at eyelevel
I think it will sell just under 1 million
I do give this seller a lot of credit - great style of website
Posted by: gemini10 at April 23, 2009 12:57 PM
"If I'm going to live in DUMBO, and pay over a million clams, I want a view."
Actually, the views are really the ONLY reason to be interested in DUMBO.
Posted by: daveinbedstuy at April 23, 2009 12:59 PM
"Actually, the views are really the ONLY reason to be interested in DUMBO."
Don't forget the extensive collection of overpriced furniture stores ...
Posted by: cwbuecheler at April 23, 2009 1:01 PM
Buy now or be priced out forever! Oh wait, wrong year.
Posted by: williamsburgguy at April 23, 2009 1:02 PM
I prefer the layout of the one that is asking the additional 90k... the other one has a huge load-bearing pillar right in front of the kitchen counter. It also has a longer hallway that is a waste of space, in my opinion.
I looked at an apartment in this building. Like these, it was way overpriced.
Posted by: Kris at April 23, 2009 1:03 PM
> "Don't forget the extensive collection of overpriced furniture stores ..."
No kidding, CWB. I was in Douchebo a couple of weekends ago and dropped into Baxter & Liebchen. They had some lovely Danish Modern stuff, but the prices were laughable. They were actually more expensive than stuff I'd seen in Soho.
Posted by: SnarkSlope at April 23, 2009 1:11 PM
guess views are ~$1M per direction. these 2 units combined is around the size of the one yesterday and total 2.3M or 1.7M less. Yesterday's unit has great views from both directions via it's corner location or ~850k per view per direction.
agree w/ Snark, one has to have GREAT views if one is to drop this kind of cash in Dumbo else one is a dumb dumb
Posted by: more4less at April 23, 2009 1:12 PM
I'm going to be extremely confused if this winds up selling for more than today's HOTD, as current appraisals suggest.
Posted by: toadie at April 23, 2009 1:50 PM
On the FSBO's NYT ad, an interesting choice for the photo to lead off with - a wall filled with sagging shelves that make it look like a grad student's rental. In the website ad, it's the Plexiglas bookshelf system is described like it's a big selling point. Doesn't look like a million bucks to me.
Posted by: Bklnite at April 23, 2009 2:00 PM
Curious--I don't live in DUMBO but it seems like a pretty nice place to live if you can deal with the subway noise
Why the hatin' on DUMBO? Is it a lack of retail, groceries, parking--or just simply a douchebag vibe that Brownstone Brooklyn has an aversion to?
Posted by: Squattersrights at April 23, 2009 2:07 PM
Toadie, I agree. It would be a crying shame if this turns out to be worth more than the HOTD. The kitchen cabinets (or lack thereof) along with the hobo bookshelves kill this one. The pride of going home to an exterior like today's HOTD alone should be worth more than this joint.
Posted by: InsertSnappyNameHere at April 23, 2009 2:09 PM
> "Why the hatin' on DUMBO?"
I can't speak for anybody else here but you hit most of the points.
Posted by: SnarkSlope at April 23, 2009 2:38 PM
the massive Dumbo price premium vs. other BK hoods is a huge negative. To be the most expensive hood in BK, one would expect top notch sch, retail, subway access,..... View is the best though - cant argue that
more reasonable (not cheap) prices to align better with other prime BK hoods, no complaints with dumbo
Posted by: more4less at April 23, 2009 3:21 PM
I just hate those windowless alcove "home office" rooms. They are totally wasted space. Who in their right mind would pay anywhere near a million dollars for a one-bedroom apartment and a windowless "home office" for a second bedroom? Bubble-licious.
Posted by: evnyc at April 23, 2009 3:24 PM
I agree wholeheartedly with the other commenters in just not getting the whole DUMBO thing. I mean whats the attraction?? Beyond killer views there is nothing there. I just dont get it. Its a fake neighborhood made up by David Walentes...down to a handfull of imported artists designed to bring some sort of bohemian flavor. Absurd.
Posted by: clintonhillbuyer at April 23, 2009 3:33 PM
subway access is good F, C,A and 2,3--and I believe it is zoned for PS 8--which is pretty good
no supermarket is a HUGE drawback
i think aesthetically it is a nice nabe
Posted by: Squattersrights at April 23, 2009 3:47 PM
Oh man! Can't you find a worth location? Bridges on 2 sides, and the BQE on another... Every deaf owners in the building probably havn't heard that the market is tanking!... What?...What did he say?...
Posted by: stringer at April 23, 2009 3:57 PM
I like the apartment well enough, but not at that price. I thought the plexiglass shelves sounded cool, until I noticed the sagging....
...but in response to the comment about windowless home office spaces being "totally wasted space," I would say, not always. Some of them get indirect natural light (clearly not this one); and if the price is right--not this case!--it really is a space to kit out like a library or something. I once had a long useless hallway in an apartment. (Really useless: it deadended!) Useless, that is until I lined one side of it with bookshelves.
Posted by: Minmin at April 23, 2009 4:19 PM
> "windowless home office spaces being 'totally wasted space'"
Not if you have grow lights...
Posted by: SnarkSlope at April 23, 2009 5:21 PM
I've been in an exact duplicate of this apartment. It's nice but it feels like you're in a newly-constructed hotel. There is an entire absence of charm except for what you might be able to do with furniture and rugs.
The doormen are nice. The elevator is a little slow. The hallways echo like a mother.
Posted by: dreamking at April 23, 2009 5:56 PM
The exterior of the building is gorgeous. The unit itself is blah and definitely not worth than 850K. I can't believe they're asking over a million for no views, one bedroom, and those crappy plastic shelves. And in DUMBO of all places, the most overpriced neighborhood in the entire city.
No way they're getting even close to that price unless the buyer is a complete idiot.
Posted by: gracias at April 23, 2009 7:46 PM
the asking prices in this building are consistently delusional.
Posted by: BrooklynLove at April 23, 2009 8:14 PM
minmin - i totally agree. i was reading the description and kind of puzzled by highlighting the shelves so early. and then i saw them and thought - yuck! they look awful. Sagging, a weird shelve that is open and useless below. it's like a bad dormroom experiment.
Posted by: pmmtenement at April 24, 2009 10:37 AM
Holy trollishness here. Considering the sale price of the other units in the building, more specifically the S line, maybe they are pricing knowing people are going to lowball the offers. You want spectacular views, go to the roof area that overlooks Manhattan and Brooklyn. Hell, you want exclusivity, pay for one of the private cabanas up there. I believe the Lexan bookshelves are perfect for the space (although overstuffed). Open, transparent shelving that doesn't block the natural lighting. Bathrooms look beautiful with what looks like glass tiling. 5 minute bike ride to Manhattan - not bad. We'll see what they get, but I wonder how many people here actually could afford what they think it should be, never mind what the sellers are asking. Or is it just Brownstone Brooklyn hating?
Posted by: mados123 at April 25, 2009 2:49 PM
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