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May 27, 2009

Co-op of the Day: 806 Carroll Street, #2 (Revisited)

There's no arguing with the beauty of this parlor floor co-op at 806 Carroll Street in Park Slope. We virtually drooled over the kingly one-bedroom pad when when featured it as a House of the Day in February 2008. Back then it was asking $1,195,000. The owner must not be particularly desperate to sell because fifteen months later the price has only been trimmed to $1,150,000. A lot of dough, but at least the maintenance is a mere $850 per month.
806 Carroll Street [Brown Harris Stevens] GMAP P*Shark
Co-op of the Day: 806 Carroll Street [Brownstoner]

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A one-bedroom apartment with no services at $1MM with ONLY $850/month maintenance???

Posted by: BH76 at May 27, 2009 12:47 PM

Sweet - over a million to live in a railroad 1 bedroom apt. Sounds like a good deal to me!

Posted by: dirty_hipster at May 27, 2009 12:47 PM

It's a beautiful apartment. Kitchen c/b higher end. At $1,000 psf its too expensive. And, the sun rarely streams in from the North. :)

Posted by: daveinbedstuy at May 27, 2009 12:47 PM

and the master suite off the kitchen?

Posted by: dirty_hipster at May 27, 2009 12:48 PM

hmmmm....does look nice though...think they will bite at a $400k offer? ;)

Posted by: the chicken at May 27, 2009 12:54 PM

DH, these rail road apt are not bad. those skinnier ones with no windows on the side are bad. but as DIBS said, we expect more for $1k / sq ft aptmt.

Posted by: more4less at May 27, 2009 12:55 PM

Wow, truly gorgeous. But price is truly crazy for what is, in truth, a one bedroom apt.

Posted by: mopar at May 27, 2009 12:56 PM

I've always wanted green laminate counters. Not.

If you changed that tiny room up front into a second bedroom, you'd have someone traipsing through the master every day to shower. Not so appealing.

Posted by: InsertSnappyNameHere at May 27, 2009 1:00 PM

M4L - Didn't notice the side windows. Yeah - that's nice and all, but still....

Beautiful apt, great block.

Posted by: dirty_hipster at May 27, 2009 1:01 PM

wait - Brown/Harris makes it again to the Hod/COD forum...
Que Surprise???
I gave it 875K
they are crazy town asking over 1mm for a 1 BR
the place is ok, nice even-but not my cuppa tea at all.
Love the location

Posted by: gemini10 at May 27, 2009 1:02 PM

it does give me hope that I can retire early if crown heights become a trendy hood. I can now day dream selling my crown heights rental unit for 1.2M in another 20 yrs

Posted by: more4less at May 27, 2009 1:02 PM

I don't understand the price. It seems not only outrageous, but literally twice what it should be. Sure, it's nice, but why would anyone pay over 500K for this? Maybe 600K tops.

Posted by: 11217 at May 27, 2009 1:02 PM

what would this rent for? as nice as it is, no more then 3k right?

Posted by: dirty_hipster at May 27, 2009 1:04 PM

11217, welcome back.

Posted by: daveinbedstuy at May 27, 2009 1:06 PM

These sellers are not serious about selling. Beautiful place, but I can buy a three bed for less than that in an equally desirable location with laundry in the unit.

$1.15 million for a one bed with laundry in the basement? Maybe in the West Village.

Posted by: lechacal at May 27, 2009 1:07 PM

if this can be had for 500's, I would buy it and make my son sleep in that tiny 2nd bdrm - as would his future siblings.

11217, 500k's? really?

Posted by: more4less at May 27, 2009 1:08 PM

These people clearly just don't need (or even want) to sell right now. They have a price hanging out there to see if someone comes along who is dumb enough to pay it. At some point they will get serious about selling and the asking price will drop well below $1 million.

Posted by: lechacal at May 27, 2009 1:10 PM

http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1543091&ohDat=5/31/2009%2012:00:00%20AM;

Give me this bad boy instead!

Posted by: dirty_hipster at May 27, 2009 1:10 PM

I was just about to ask where the laundry was...it was mentioned in the ad but I couldnt find it in the floorplan. I missed the side note about it being in the basement. For that money, I don't want to haul clothes to a basement.

Posted by: InsertSnappyNameHere at May 27, 2009 1:11 PM

It's just over 1,100 sq. ft. by my calculations so maybe $650-700 psf???

Posted by: daveinbedstuy at May 27, 2009 1:11 PM

Yeah, it's not TWICE overpriced.

Posted by: Nomi at May 27, 2009 1:11 PM

why is this overpriced pad being re-visited?

Posted by: 7182713 at May 27, 2009 1:12 PM

Thanks Dave.

Well it's a 1 bedroom more4less. Ok, how about 600K. I just can't envision who wants to spend 1 million to live in a 1 bedroom in Park Slope. Can you? As lechacal said...maybe in the West Village, but I don't see who the potential buyers of a place like this would be.

Posted by: 11217 at May 27, 2009 1:12 PM

M4L,
if this place were $500k, you'd have to be on $133k and have over $100k in the bank for a deposit.

If you make $133k, is this what you should aspire to?
Flip it around. If this place rents for $3k, and apply the crazy NY 40x rule, then the landlord won't rent to you unless you make $120k.

There's no reason (barring hyperinflation) why the price for this shouldn't come back down to the $500k range.

Posted by: the chicken at May 27, 2009 1:13 PM

Wow, dh. That is an awesome looking place. Love it and love that area.

Posted by: 11217 at May 27, 2009 1:13 PM

DH, that place looks pretty nice but aren't you out in no-man's land?

Posted by: the chicken at May 27, 2009 1:16 PM

It's a nice no-man's land.

Posted by: Nomi at May 27, 2009 1:21 PM

Yeah 11217 - I'm really falling in love with Red Hook too, although the potential buyers for that place probably won't overlap with this co-op

Chicken - Red Hook is kinda far from the F train - but if you have a bike/don't mind taking the bus it isn't that bad (i've heard)

Ikea also had a a free shuttle bus/ferry to lower manhattan for a while, but i'm not sure if it is still running.

Sorry - didn't mean to Red Hook hijack this thread. Back to saying how overpriced this place is!

Posted by: dirty_hipster at May 27, 2009 1:21 PM

Hijack away. This place was overpriced the last time we talked about it, and it seems even more overpriced now, even with the small price reduction.

I find it odd that people talk about inventory skyrocketing, yet here we are talking about the same old tired places over and over. In perusing real estate websites, I see far more interesting properties than those highlighted here recently. And no...not only ones in Park Slope... ;)

Posted by: 11217 at May 27, 2009 1:25 PM

It's overpriced!

Posted by: Nomi at May 27, 2009 1:26 PM

11217: Inventory is not skyrocketing in the slope. In fact I think it is currently low. I expect that to change over the coming months.

Posted by: lechacal at May 27, 2009 1:27 PM

people who spend over a million dollars on an apartment dont really do their own laundry, do they!?!?

*rob*

Posted by: PitbullNYC at May 27, 2009 1:30 PM

Chicken, I would sell my place to buy this one so it would mean small incremental $$$ needed to do it. albeit flr plan is restrictive in boxing it into a good 1-bdrm, it's still 1100 sq ft so $500k would be a decent deal in my eyes

Posted by: more4less at May 27, 2009 1:31 PM

I paid $820k for mine and put another $100k + into it and my laundry is in the basement. Even if I had paid $1-2MM elsewhere I'd assume the laundry would still be in the basement. I could put one on the top floor but why bother?

Posted by: daveinbedstuy at May 27, 2009 1:33 PM

dave do you do your own laundry?

*rob*

Posted by: PitbullNYC at May 27, 2009 1:35 PM

Well, it's not tired to me since I didn't read this site in Feb. 2008. This is a great apt. Beautiful details (tho dining room too much for me -- oppressive), great light (despite the physical fact that light does NOT stream in from the North, as Dave pointed out), great size (as long as you don't try to call it a two-bedroom). But the price is unrealistic.

But, hey, that's their choice. For whatever reasons, the owners want to see what happens at this price.

Posted by: Nomi at May 27, 2009 1:36 PM

Sometimes the hyperbole here is a little crazy.

It's not uncommon to see average 1BRs in park slope selling for upper 475 - 499K. This one is obviously exceptional - 2 bathrooms, beautiful, large. I'm not sure where it should land but to say 500K seems ridiculous, unless the market has adjusted a great deal more than I have seen.

Posted by: squaredrive at May 27, 2009 1:37 PM

Yes rob, though not as frequently as I should!!! I think we best take this discussion to the OT.

Posted by: daveinbedstuy at May 27, 2009 1:37 PM

It's not so much the basement per say as the issue of leaving the actual apartment for laundry and sharing said laundry with others in the building. No thanks.

Posted by: InsertSnappyNameHere at May 27, 2009 1:38 PM

Rob,

Common sense please. If the "average" apartment in Manhattan last year was a good ways north of one million bucks, do you actually believe that MOST people have someone else doing their laundry for them?

Some sort of service? Housemaids in dresses with fluffy dusters?

I can tell you, without equivocation, that I do, on average, two loads of laundry per day. Myself. Wash, dry, fold, put away. And as we all know, I and the Mister have been looking in the range well over one million. Just sayin'.

Posted by: Nokilissa at May 27, 2009 1:38 PM

Dave, you own the whole building so location of laundry is just a matter of personal preference. In a coop laundry in basement means it is not in your personal space and you are sharing with other people. College kid stuff.

Posted by: lechacal at May 27, 2009 1:39 PM

Rob, I am in the market at potentially well over $1m and we do all of our own laundry. Isn't that actually a luxury in NYC? The alternative is giving it to the Chinese guy around the corner, but you only do that if you don't have your own washer and dryer.

Posted by: lechacal at May 27, 2009 1:41 PM

lechacal...I would agree if it were a larger building but don't condsider it an issue for something this small, 3-4 units. If they had a laundry in this unit they would get the asking price but the place would seem even smaller :)

Also, they are no longer Chinese, they are generally Koreans.

Posted by: daveinbedstuy at May 27, 2009 1:45 PM

I actually send my laundry out to be done for me. It's cheaper than doing it myself and saves me the pain of sitting in the laundromat all day.

Posted by: InsertSnappyNameHere at May 27, 2009 1:46 PM

Yeah, laundry in common basement would feel like a luxury to me right now. Everything's relative I guess. Oh, that must be the most banal thing I've written on here so far. Forgive me.

Posted by: Nomi at May 27, 2009 1:47 PM

No, I would not sit in a laundromat. My dress shirts go out of course.

Posted by: daveinbedstuy at May 27, 2009 1:50 PM

Snappy, please don't apply to any Park Ave. pre-war coops. They all have laundry in the basement.

I think the posters are missing the real appeal of this place. With that laundry in the basement, you could take in washing on the side to supplement your $133,000 income so you could afford the apartment.

Posted by: mopar at May 27, 2009 1:52 PM

Really, Dave? Laundry in apt. would get asking price?

Posted by: Nomi at May 27, 2009 1:53 PM

no, Nomi. That was a joke.

Posted by: daveinbedstuy at May 27, 2009 1:56 PM

DIBS - yeah, 3 or 4 units isn't much, but when there are three little jackals running around laundry can almost be a full-time job. The Mrs refuses to consider anything that doesn't have laundry in unit. And then there are the times when you have to empty somebody's old underwear out of the dryer...

My guy is Laotian or Cambodian or something. But the last guy before that was totally Chinese. (for shirts, as I said we do our own regular laundry).

Hey 11217, do you go to the cleaner on 7th bw Berkeley and Union (next to the liquor store)? Not the new green apple people, the older place. Cambodian? Laotian? Awesome cleaner one way or another. No way am I switching to the green apple people.

Posted by: lechacal at May 27, 2009 1:56 PM

LOL Mopar! Considering that I have the need to make use of a laundromat, I should be satisfied with laundry in the basement! But at that price and only one bedroom I can't help but be picky :) But the idea of supplementing the income by doing others' laundry is an enterprising one!

Posted by: InsertSnappyNameHere at May 27, 2009 1:58 PM

This Laundromat is overpriced!
Too many quarters required.

Posted by: bayridgegirl at May 27, 2009 2:00 PM

"no, Nomi. That was a joke."

Ah.

What I do about my laundry is wear my clothes until they get up and walk away stiff and crusty. That takes about two weeks of continuous wearing, none of that airing out/switching off stuff.

Posted by: Nomi at May 27, 2009 2:03 PM

Wow, that Red Hook house posted by dirtyhipster is beautiful... I'm totally into hijacking this thread to talk about it. What do you think it would really sell for? It's a great location *for Red Hook*--but then I've only been over there on beautiful sunny weekends to walk along the waterfront. Wonder how much sketchier it feels on a cold dark winter day... Also, having a car would make living out there much more palatable--I assume street parking's still pretty easy in that hood?

Posted by: Brownstonerlogin at May 27, 2009 2:04 PM

Sorry jackal, I always forget how things are different for people who have children.

Posted by: daveinbedstuy at May 27, 2009 2:04 PM

If laundry is in basement what does "WD" mean in the add?

Posted by: DeLepp at May 27, 2009 2:04 PM

Lechacal:

I go to the cleaners on Berkeley between 7th and 8th right behind Mr. Wonton (GR's). They are really great, and I have no desire to switch to green apple cleaners either. I can't believe they decided to open their business on a block which already had 3 other dry cleaners (now 4!) I have free laundry in the basement so I only go out for dry cleaning.

Posted by: 11217 at May 27, 2009 2:05 PM

4,600,000 quarters!

Posted by: InsertSnappyNameHere at May 27, 2009 2:06 PM

DeLepp: It means washer dryer. But look on the right, it says in basement. And it clearly isn't in the unit on the floor plan.

Posted by: lechacal at May 27, 2009 2:09 PM

lechael, that's lame. Should it also mention the building has a roof?

Posted by: DeLepp at May 27, 2009 2:11 PM

No W/D in the floorplan. Also, I looked at the kitchen again and that's a crappy little rental aprtment (no offense) refrigerator/freezer; not one that would be expected in a million dollar condo.

Posted by: daveinbedstuy at May 27, 2009 2:12 PM

DeLepp: Huh? I don't understand what you are saying at all. Try again but make sense.

Posted by: lechacal at May 27, 2009 2:13 PM

Why mention WD in description if it's not in the apartment.

Posted by: DeLepp at May 27, 2009 2:16 PM

DH, Red Hook house is very cute. And small. Love the yellow bedroom wallpaper. But the price! I guess that's what they go for these days in RH. I want to see photos of the parlor, kitchen, and baths.

Posted by: mopar at May 27, 2009 2:19 PM

Three options for Washer/dryer: There's W/D in the apartment, then there's a shared set up in the basement, then there's nothing which means trudging to a laundrymat.

A shared set up is still an amenity and is really is not that bad IMO, unless (I suppose) you're accustomed to having a W/D in your apartment. Probably one of those things, like a dishwasher, that once you have it, you never go back.

In a smaller apartment, I prefer the laundry elsewhere since every square foot counts.

Posted by: Kris at May 27, 2009 2:29 PM

Ahhh, that makes sense. I think it's relevant info that the wd is in the basement. Still better than having to go to the laundromat.

Posted by: lechacal at May 27, 2009 2:31 PM

Who here has a dishwasher?

I was thinking of course we have to have one but then....if you put your dishes in it for a day or two before using, wouldn't it just be full of roaches?

I keep my garbage in a special bin in the fridge and empty it daily for this reason.

Posted by: mopar at May 27, 2009 2:33 PM

I think its misleading to list the WD in the listing. A lot of people can't interpret floorplans and would assume. And. like lechacal said, its probably a necessity if you have children.

Posted by: daveinbedstuy at May 27, 2009 2:33 PM

Although I couldn't imagine living in this place with children.

Tempest in a teacup.

Posted by: daveinbedstuy at May 27, 2009 2:34 PM

I have a dishwasher. I can't imagine not having one now that I've been blessed with one for 10 years. It's small so it's not hard to fill up and run it immediately. For tinier loads, I just run it on the lightest setting.

Posted by: InsertSnappyNameHere at May 27, 2009 2:45 PM

I have had a dishwasher for the last two years after never having had one. And now I would never go back - I love it! It's a good size and we only run it once every few days. No roach problem. Mopar, if your garbage attracts roaches after just one day, it sounds like there's a problem in your neighbors place.

Posted by: Kris at May 27, 2009 2:48 PM

I got dish drawers so that I don't need to wait a week to do a load.

Posted by: DeLepp at May 27, 2009 2:55 PM

If I had to choose between a dishwasher and in-home laundry, the dishwasher would win every time. I don't bust suds!!!

Posted by: InsertSnappyNameHere at May 27, 2009 3:00 PM

"DH, Red Hook house is very cute. And small. Love the yellow bedroom wallpaper. But the price! I guess that's what they go for these days in RH. I want to see photos of the parlor, kitchen, and baths."

Yeah - it sure is tiny now that I look at the floorplan. Not really sure about comps - and I find it suspicious there are no exterior photos of the facade.

I feel like every house I've seen listings for in Red Hook haven't been below 900K.

Regarding sketchiness - FWIW i went to a bar two blocks away in the winter (Botanica) - and I wouldn't say it's sketchy down there, but it's definitely quiet.

Posted by: dirty_hipster at May 27, 2009 3:05 PM

Wasn't there some gorgeous Red Hook house that sold for $900,000 or so on this site just a week or so ago?

Posted by: mopar at May 27, 2009 3:10 PM

I think so Mopar - I was trying to find it in the archives but couldn't.

Didn't Babs Corcoran buy a house on Van Brunt 5 years ago?

Posted by: dirty_hipster at May 27, 2009 3:42 PM

Okay, now this thread has migrated to washer/dryers and dishwashers.

I would take in-house washing over dishwashing any day. Once you've had in-house washing, it's hard to go back.

Dishwashers on the other hand I really don't get. My London house came with a dishwasher and I've used it once (just for the novelty factor). It takes a couple of minutes more to do it by hand and I don't have to worry about anything breaking down or leaking.

Posted by: the chicken at May 27, 2009 3:52 PM

Am I missing something or is Corcoran the only one with the mortgage / total monthly cost calculator on its website? So putting down a whopping $240,000 down payment (20%), the mortgage is over $6k and the total payment is almost 7k with the maintenance? For a 1BR? Honestly, it makes me sick. I pay about 1/3 of that for a decent (granted it's not luxury by any stretch) in Carroll Gardens. I mean, what would this place rent for? Ugh.

Posted by: CG_ups at May 27, 2009 4:10 PM

Mopar - I think you are right. I think it was on Dikeman street and sold over 900K - it was gorgeous
I don't think that house DH sent the link to is worth 1.179
but you could prob get it for 200K less than asking
I love RH but again I have a car. The whole area on Van Brunt and all the little streets leading to the water are very safe and quiet, albeit even a bit desolate.

Posted by: gemini10 at May 27, 2009 4:18 PM

CG, you are right. The price really does seem outlandish, even if you were, say, Devendra Banhart, and needed a lavish Victorian spread for one person with little upkeep and no commitment.

Posted by: mopar at May 27, 2009 4:56 PM

I've seen Rob doing his laundry in the Slope. He's the one sitting in the laundromat in just his shorts. But I do wish he'd take his nipple piercings out before putting his t-shirt in with the load.

Posted by: grand army at May 27, 2009 6:33 PM

Try walking down this street from Prospect Park West. It is one of the nicest blocks in the Slope. It costs to live here. There is an option for another bedroom and there is light from the side -- not so many of those for sale. It is close to Seventh Ave shopping. The interior is beautiful. I have lived near here but not on this street.

Posted by: BklynSoFar at May 27, 2009 11:23 PM

« Brooklyn Food & Drink Round-Up House of the Day: 456 Bainbridge Street »

May 27, 2009

Co-op of the Day: 806 Carroll Street, #2 (Revisited)

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