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June 17, 2009

Condo of the Day: 44 Cheever Place

This one-bedroom apartment at 44 Cheever Place has high ceilings and large windows, both of which get it high points in our book. We suspect the owner put a lot of care into the paint job but suspect that the listing might fare better with something more neutral. The832-square-foot floorplan is reasonably laid out and there are approved plans for a mezzanine over the kitchen (paging Scarano). And if you're a driver, you can pick up a space in the building for $35,000. Monthly common charges are $570 and the asking price is $560,000. Waddya think?
44 Cheever Place [Corcoran] GMAP P*Shark
Condo of the Day: 44 Cheever Place [Brownstoner]

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Comments

well a deeded parking spot for $35K seems pretty steep to me - but I don't know what the going rate for deeded spots are.
I think it's a cute place, I love the paint job actually and the maintenance is low!
But the fact that the rooftop isn't yours exclusively and the listing lacks kitchen pics makes this place too pricey
I think it will sell for about $425K

Posted by: gemini10 at June 17, 2009 12:47 PM

I looked at an apt in this bldg in 2002 and they were asking $425 and they got it. That apt was also a wreck.

Posted by: DeLepp at June 17, 2009 12:52 PM

The question I always have about this building is what the noise is like, as it is right on the BQE. I would think that facing the parking lot/Cheever would be a bit quieter, though.

Posted by: Carol Gardens at June 17, 2009 12:54 PM

Deeded parking spot price? Depends on location obviously. But $35K is actually pretty good in this neighborhood. They probably go for $45-$55k. Some even higher.

Posted by: crimsonson at June 17, 2009 12:55 PM

$35,000 for a parking space? Really? I mean, supply-demand sure... but $35k?

No comment on the actual dwelling.

Posted by: tybur6 at June 17, 2009 12:56 PM

by the way, the Google Street View guys was driving a little too speedy down this block... or maybe that's just a fast looking street!!

Posted by: tybur6 at June 17, 2009 12:58 PM

yuck, living room is so narrow. but nice paint job.

Posted by: gkw at June 17, 2009 1:02 PM

Oh... and "Cheever" sounds like a disease. Something that need ointment.

Posted by: tybur6 at June 17, 2009 1:03 PM

OK -- I'll comment on the dwelling... How could you go wrong with this place?! $3,800 a month for this veritable palace!?

Posted by: tybur6 at June 17, 2009 1:06 PM

more neutral? ha ha ha ha ha- you're a card, jon. More neutral would be bland off white I take it? As in bland and boring?

Posted by: bxgrl at June 17, 2009 1:06 PM

wow, who would've thunk that parking spot was the real money maker. was looking at condo in Cobble hill in 02. that place would've appreciated a little over 100%. But the 2 parking spots that I could've bought for $10k each would be doing even better.

is parking in cobble that bad? brooklyn heights is insane but is cobble that bad too - ie that deeded parking spot would be 35k or more?

Posted by: more4less at June 17, 2009 1:17 PM

Is it just me or is that a tight looking 832sf?

Posted by: AndYouWillKnowUsbyTheTrailofRenters at June 17, 2009 1:26 PM

It's TWO ROOMS for HALF A MILLION DOLLARS... HALF A MILLION DOLLARS! TWO Rooms! 50 million pennies! Still two rooms.

This town is fucked.

Posted by: tybur6 at June 17, 2009 1:32 PM

I paid 30k for deeded parking but I also get storage alongside my space so 35k doesnt sound too bad.

Posted by: Adam Dahill at June 17, 2009 1:33 PM

Deeded outdoor parking for 35K is probably close, maybe a little low. Indoor deeded parking is considerably more.

Posted by: derekforce at June 17, 2009 1:38 PM

It IS a tight looking 832 sf. That's cause it's not 832 sf. And why two pix of living room and none of kitchen? How bad could the kitchen be? And why does the floorplan have to be so hard to read?

Posted by: Nomi at June 17, 2009 1:38 PM

Can you get a loan for a parking spot?

(No offense Adam Dahill, but buying a parking spot for the price of a home is many parts of this country seems totally fucked.)

Posted by: tybur6 at June 17, 2009 1:41 PM

Can you get a loan for a parking spot?

(No offense Adam Dahill, but buying a parking spot for the price of a home in many parts of this country seems totally fucked.)

Posted by: tybur6 at June 17, 2009 1:41 PM

is it possible to build a parking spot condo building? it apparently is juicier profits and requires less capital & time to build.

Posted by: more4less at June 17, 2009 1:42 PM

Speaking of which... what exactly does "Deeded parking spot" mean anyway?

Above and beyond the $35k you plopped down, is there also a monthly maintenance fee for that too?! To pay for repaving, fixing the gate, etc?

Posted by: tybur6 at June 17, 2009 1:45 PM

I give corco a lil credit for posting the skyline pic with bqe trench clearly in the foreground....that takes some balls!

Posted by: bowl of dicks at June 17, 2009 1:48 PM

The parking spots at 410 4th Avenue have sold for 55K.

And the ones in the garage on Union between 6th and 7th routinely sell for 75K.

35K seems like a bargain.

Posted by: 11217 at June 17, 2009 1:48 PM

Anyone know what such a space would cost in Brooklyn Heights? Do any of the garages sell spaces or just rent?

Posted by: NorthHeights at June 17, 2009 1:52 PM

75k?!!!!!!!!!! at these prices for covered parking, if I'm a developer, I would build a nice looking structure that looks like a residential building from outside (so it blends into the context of the hood vs. some ugly parking structure). have to think that's juicy investmt - cause one can charge a small maintenance fee on to to do upkeep, etc. on it

Posted by: more4less at June 17, 2009 2:03 PM

hey, if I could buy a parking space within 2 blocks of my place I'd write check out today.

Posted by: Petebklyn at June 17, 2009 2:20 PM

for 35k that is.

Posted by: Petebklyn at June 17, 2009 2:21 PM

Does anyone remember the Odd Couple episode where they find out that to rent a parking space will cost $200/month and one of them says, "What? You could rent an apartment for that money."

I was a little kid (naturally!) and that has stuck with me ever since. I remember going over and over in my head the fact that in Manhattan a parking space costs the same as an apartment.

Posted by: Nomi at June 17, 2009 2:31 PM

"what exactly does "Deeded parking spot" mean anyway?"

i think it means you purchase the parking spot so you "own" it and can sell it if/when you sell your apartment.

Posted by: 11214 at June 17, 2009 2:37 PM

Streeteasy search for "44 Cheever" goes to this building:

http://www.streeteasy.com/nyc/building/501-hicks-street-brooklyn

7 listings in the last year, 1 sold, 4 off the market, including this 832 sq ft apartment originally listed at $679k:

http://www.streeteasy.com/nyc/sale/360026-condo-44-cheever-place-brooklyn-heights-brooklyn

Posted by: Smudge at June 17, 2009 2:50 PM

Yes there are maintenance fee associated in a deeded spots in a condo (like a $1 a day).

Deeded also means it is NOT part of the house. It can be sold separately.

BTW - some deeded spots in Manhattan sells for the same price as in decent studio in a decent neighborhood in Brooklyn (like $250K decent).

Posted by: crimsonson at June 17, 2009 3:09 PM

I attended an open house in this building in 2004 for a smaller and less maintained apartment that sold for $510k, so I think this could get close to asking. The $35k parking spot is worth it since parking is at a premium in Cobble Hill/Carroll Gardens (this street is on the border). Cheever Place is actually very quiet and lovely and its much better to have a unit facing there rather than on Hicks. I saw the place in the summer with the windows closed and the AC running and you could still hear the BQE traffic. The kitchen was cramped so I imagine this unit has a similar kitchen.

Posted by: jwald at June 17, 2009 3:50 PM

Parking in Cobble Hill is about as bad as Brooklyn Heights--maybe worse because there are no garages anywhere really. Even if they charge you $1/day it's probably still worth it, there's no where to park anywhere around for less than $200/month (if anyone knows of anywhere let me know, I'm all over that) so you'd still be saving thousands a year.

Posted by: woodys at June 17, 2009 3:50 PM

Surprised no one has mentioned yet the big disadvantage to this location - it is FAR from the subway. You'll definitely make good use of yr parking spot living here.

Posted by: perhaps at June 17, 2009 4:09 PM

perhaps do u live in CG ? it's a 4 block walk...do u need assisted care ?? If not sit in back of F train..when u get to Carroll St get off...walk 2 blocks to Henry...take a right on Henry and walk 2 blocks to Degraw....that ain't so FAR...BIG BIG DISADVANTAGE....(i need your problems)

Posted by: bklyn14 at June 17, 2009 7:38 PM

alright, i cede that point - it's about a half mile (according to google) to the union/court st entrance which is not too bad. (forgot about that F entrance)

still, although i don't have anything against walking, i don't like the cold at all - thus, honestly, a half-mile is pushing it in the winter. i would (and did) trade a longer subway ride to shorten my required winter walks to the subway.

Posted by: perhaps at June 17, 2009 8:18 PM

Not getting why anyone would want to pay $560K when they could rent the same place for $2,400 -- check the website.
Your monthly expenses are lower and you don't have to stress out about buying and selling.

Posted by: ontheparkway at June 17, 2009 8:20 PM

Huh? It's 3 long blocks plus 5-1/2 short blocks from the subway. That qualifies as far to me.

Posted by: Nomi at June 17, 2009 8:23 PM

There's a Union/Court St. entrance? Didn't know that. But wouldn't that mean underground walking then?

Posted by: Nomi at June 17, 2009 8:27 PM

nomi - probably, unless you are astute and lucky enough (as bklyn 14 points out) to always get on at the back of train.

my cut off for way too far is just over the half mile mark - because then i figure your walking more than a mile a day just to get back and forth from the subway. and if it's 15 degrees out, that is not my idea of fun. so this is right on the border for me, personally.

(although i like the look of the building and the views, i'll also add to those who say it seems to be a very small 832 sqft.)

Posted by: perhaps at June 17, 2009 8:34 PM

Is anyone familiar with CG ? The nearest Carroll St subway entrance is on President and Smith. If you walked 3 blocks from there you would be at Clinton St. Make a right and walk 2 blocks and you are at Sackett. Still quite a walk to Cheever Place. Bergen St stop might be closer.

Any way you look at it, Cheever is a haul and close to the BQE.

Posted by: jfss at June 17, 2009 8:48 PM

Not to belabor this more than, say, five more posts (after this one), but isn't the back of the train Smith and Carroll?

(Since I have a hopefully temporary, but debilitating problem with my feet, I get my back up when people talk about assisted living, etc. when it comes to subway distance. One man's close is another's far.)

Posted by: Nomi at June 17, 2009 8:50 PM

jfss - i think i'm subway autistic - i do know cg, but if you asked my friends you'd discover i am notorious for screwing these things up. not gonna argue about where the stop is. agreed, it's far - less than i thought - but still far.

Posted by: perhaps at June 17, 2009 8:56 PM

Nomi, the back of the F train, coming from Manhattan, stops at President and Smith. Front is at 2nd Place and Smith. This place is far from the subway, by neighborhood standards because it's halfway between the Carroll and Bergen St. stop. In fact, it's probably closer to walk to Kane and up to Warren, which I believe is one entrance on the Bergen St. F stop and not use the Carroll St. stop at all.

Posted by: CGfan at June 17, 2009 9:01 PM

Subway autistic. Is it wrong to laugh at that?

Posted by: Nomi at June 17, 2009 9:04 PM

Mr. perhaps -- I was online when you first posted about distance. I'd thought of the same thing. A friend insists this is an okay walk, and concurs there are several methods of getting to the subway. It is too far for me when I want to be walking late at night and don't know the neighborhood yet.

We found there are some connecting buses. There may even be a shuttle in the morning (perhaps from the vicinity of Tiffany, going to Court St. for the morning and evening commutes to Manhattan). Once I found this shuttle bus reference, and now cannot locate the information. If anyone in the neighborhood knows this, they might post it here.

Misc. about the apartment -- a smart person who posts on brownstoner has said that kitchens can be improved and parking spaces are valuable.

Posted by: BklynSoFar at June 17, 2009 9:17 PM

I'm having a very hard time believing this is 832 sf. Like these old apt buildings though with the big proportions.

Posted by: Miss Muffett at June 17, 2009 10:09 PM

BklynSoFar, some of the buildings on Tiffany St. run shuttles to the subway (I think 29 Tiffany Place does). I don't think you'll find any connecting bus service at all -- there are a few bus routes in the area, but it's almost never worth a transfer because of their frequency, or route. It is a long walk home late at night -- Cobble Hill is very safe, but I'd still take a cab if I could afford it as you will be walking down some very quiet blocks. During the day, it's very pleasant.

Posted by: CGfan at June 17, 2009 10:17 PM

You can cross the BQE and pick up the B61 bus on Columbia, which will take you to Jay Street/Borough Hall station for the F/A/C. Comes along often at peak times but can be crowded. Or walk to the F at Smith and Carroll or Smith and Bergen.

Posted by: Carol Gardens at June 18, 2009 10:02 AM

It's always bothered me that folks refer to this as Cheever. It isn't Cheever, it's Hicks. The parking lot entrance is on Cheever, but the building faces Hicks Street. Suck it up: you live in the BQE.

Posted by: r1b2 at June 19, 2009 12:50 PM

Also, I lived on Cheever for years, 2 doors down from the parking lot to this building. It's a 5 minute walk from the F train, Bergen Street station, front exit. It's NYC, baby, we love the walk.

Posted by: r1b2 at June 19, 2009 12:51 PM

Also, I lived on Cheever for years, 2 doors down from the parking lot to this building. It's a 5 minute walk from the F train, Bergen Street station, front exit. It's NYC, baby, we love the walk.

Posted by: r1b2 at June 19, 2009 12:51 PM

Thank you, r1b2, for this Hicks-Cheever and parking lot clarification. Information like this is helpful.

Thanks to all for the route suggestions. Alas, as Nomi mentioned, hurt feet can temporarily curb the love of walking. We hope Nomi's condition of hurt feet is temporary and Nomi is soon well!

Posted by: BklynSoFar at June 19, 2009 9:14 PM

« Brooklyn Food & Drink Round-Up Streetlevel: New Turkish Place Opening on 7th Avenue »

June 17, 2009

Condo of the Day: 44 Cheever Place

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