« Checking In On 353 6th Street House of the Day: 135 Lafayette Avenue »

September 21, 2009

Co-op of the Day: 242 Baltic Street, #17

242-Baltic-Street-0909.jpg
This one-bedroom co-op at 242 Baltic Street in Cobble Hill has a very nice feel to it. Open, a little modern but still characterful. Maybe the photography is making the place look better than it is, but it feels spacious and light in a way that railroad-style layouts often don't. The kitchen is also tastefully done. The asking price is $549,000 (down from $585,000 last summer) and the maintenance is a quite manageable $500.
42 Baltic Street, #17 [Brown Harris Stevens] GMAP P*Shark




Posted by Brownstoner at 12:42 PM | Comments (44)
Categories: Co-ops, Cobble Hill

Trackback Pings

TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/11496

Comments

Me thinks the days of 550G one bedroom apts any place in Brooklyn may be a thing of the past.

Posted by: wasder at September 21, 2009 12:48 PM

I predict the HOTD will have an asking price of 2.875M - I can see into the future

Posted by: more4less at September 21, 2009 12:52 PM

That's a long walk from the bedroom to take a pee pee.

Posted by: Brokedeveloper at September 21, 2009 12:53 PM

m4l, you sound like ghettoazzpnkbtch. That's scary.

Posted by: daveinbedstuy at September 21, 2009 12:57 PM

Half a Mill. is a lot for a 1 bed railroad. That said, it's a nice looking place for a confirmed single/couple.

Posted by: TownhouseLady at September 21, 2009 12:57 PM

pet friendly except for dogs? so i can have a pet llama?

anyhoo, looks nice, if the widget was working then i'd guess ~10% off asking.

Posted by: CG_ups at September 21, 2009 12:59 PM

DIBS, want to wager against me being correct on my prediction?

Posted by: more4less at September 21, 2009 12:59 PM

regarding this unit, I file it into my "An Ad and a Dream" folder along with a few others

Posted by: more4less at September 21, 2009 1:01 PM

Not if I suspect that you have inside information, m4l.

Posted by: daveinbedstuy at September 21, 2009 1:02 PM

DIBS, I'll lay 10:1 odds

Posted by: more4less at September 21, 2009 1:09 PM

Never trust a Chinaman.

Posted by: daveinbedstuy at September 21, 2009 1:16 PM

"The kitchen is also tastefully done"
OMG... You actually like a kitchen?!?!

Posted by: GHB at September 21, 2009 1:20 PM

Meh. It's a bowling alley with windows.

Posted by: DitmasSnark at September 21, 2009 1:52 PM

What? Tasteful kitchen? How can you tell from the timy photo -- looks like nothing special. For over a half million a walk-up railroad flat with no services?? $350K -- that's what it is worth.

Posted by: BH76 at September 21, 2009 1:53 PM

@CG ups:"pet friendly except for dogs? so i can have a pet llama?"

This made me laugh. Thank you!

I'm confused about the price being "down from $585,000 last summer." Setting aside my pet peeve about the difference between "this past" and "last," aren't we still in the Summer? At least for one more day? But we ARE talking about Summer 2009, yes? So, the price is down from earlier this Summer, correct? Not Summer of 2008 .. . .

This apartment looks nice. I'd worry, however, about light. Even with a southern exposure on one end (which I'm guessing is the kitchen end), the middle sections may get pretty dark. Though being on a higher floor helps.

Posted by: Nomi at September 21, 2009 1:55 PM

any place on Baltic St. is worth it.

Posted by: Petebklyn at September 21, 2009 1:56 PM

The widget is currently reading $2.9 mil. Someone (a bunch of people) think they're so clever.

Posted by: infinitejester at September 21, 2009 2:43 PM

You say loft-like, I say train-like.

Posted by: denton at September 21, 2009 2:47 PM

Most over-used phrases in NY Real estate and their translation:

"Loft like" - non-traditional or bizarre configuration. Many walls without windows.

"Dripping with detail" - really needs a major renovation.

"Cute" - small

"Cozy" - small

"Jr. 1 Bed" - small; studio

"Oversized" - not small, but not big either.

"Blocks from Trader Joe's" - is located in Brooklyn Heights, Cobble Hill, Carrol Gardens or Boreum Hill

Posted by: Brokedeveloper at September 21, 2009 3:01 PM

Broke, that is the oldest "inside scoop" ever - everyone knows that.

The worst is "steps to..." something not appealing, like "Steps to the ferry to Garbage Island".

Posted by: infinitejester at September 21, 2009 3:13 PM

i have a brownstone floorthru. don't they all have this general floorplan to some degree?

Posted by: CG_ups at September 21, 2009 3:16 PM

Well, this apt. close to 70 feet long. So, it is longer than the typical brownstone floorthru by 25 to 35 feet.

Posted by: Nomi at September 21, 2009 3:26 PM

Jester, everyone knows DIBS & I were kidding around regarding the HOTD price - ie everyone saw the 2.9M widget price.

Posted by: more4less at September 21, 2009 3:35 PM

It's 12 feet wide in the living room and bedroom, 7 or 8 feet wide elsewhere. I suspect those pictures are very artfully staged because that's reaaaaally skinny.

Posted by: Smudge at September 21, 2009 4:00 PM

I skimmed those comments, thought it was some off-topic banter.

Posted by: infinitejester at September 21, 2009 4:00 PM

> pet friendly except for dogs? so i can have a pet llama?

With that layout, I'm think an anaconda is a better pet choice.

Posted by: DitmasSnark at September 21, 2009 4:10 PM

This apt has been for sale for ages, surprised the price hasn't come down much.

Posted by: tuleburg at September 21, 2009 4:19 PM

Ages? So the "last Summer" price REALLY is last summer, 2008?

Posted by: Nomi at September 21, 2009 4:23 PM

Piece of cr@p. Needs a new kitchen. Living room has one window exposure(other taken by the bath room). Broker site blatantly lies claiming it's "new to the market" (how do they get away with that? Re-priced and new to the market are 2 completley different things). Nice block but one of nicest blocks in BK is a huge stretch.

Posted by: bobbyj at September 21, 2009 4:33 PM

Did this seller check any comps in Brooklyn at all before setting the price? You can get a 2 BR coop with laundry in Park Slope on a decent block for this price these days.

Posted by: traditionalmod at September 21, 2009 4:34 PM

Well, must have been off the market for a while. I guess then you can say "new to market." Again. Ha.

What's wrong with the kitchen?

Posted by: Nomi at September 21, 2009 4:39 PM

as I said - this is Baltic Street. forget all other comps.

Posted by: Petebklyn at September 21, 2009 4:49 PM

According to StreetEasy, it sold for $500k in 2006.

Posted by: Smudge at September 21, 2009 4:55 PM

petebklyn- I walk this block everyday twice a day and it's a nice block but no nicer than similar Carroll Gardens / Cobble Hill side streets. You're acting like this is the Champs Elysees or something. Just from my own experience- I've lived on President Street and now on Cheever Place and both are far superioir to this block of Baltic.

Posted by: bobbyj at September 21, 2009 4:59 PM

An identical unit in the same building was pulled from the market this summer with a last asking price of $499,000. The pricing on this unit is delusional. Asking price should be around $450,000 and if someone offers $400,000, they should take it. It's a railroad, for god's sake. I live in a similarly sized apartment with a better layout (not a railroad) on a nicer block (Bergen between Hoyt and Bond) and I pay $2000 a month in rent. Why would I buy this place? For the pleasure of paying $1200 a month more than I am currently?

Posted by: kvnbklyn at September 21, 2009 5:11 PM

kvnbkly - agree

there is no point in buying an apt or building with a monthly expense higher than rent. Be careful to include closing costs (buying and selling), utilities, monthly maintenance etc. I would argue that the monthly expenses should be LOWER than rent as one risks the down payment and equity in a falling market.

Posted by: bklplebe at September 21, 2009 5:45 PM

Oh my god. My friend lived in this building, on a diffrent floor. She bought her place about 1995 or 1996 for about $45,000. She sold it in early 2000s for something like $300K. Very long and narrow. Cute block and good location. Brings back memories.

Posted by: saminthehood at September 21, 2009 7:09 PM

Characterful? Is that a word? In addition to verbal confusion I believe you are suffering from some other type as well. This apartment is ridiculously overpriced, and given your opinions on other kitchens it is hard to believe you truly like this one. I think you must be doing someone a favor...

Posted by: punko at September 21, 2009 8:04 PM

Doesn't matter which block of Baltic. Only the finest people live on Baltic. Been like that for at least 25 years.

Posted by: Petebklyn at September 21, 2009 8:19 PM

Pete's right.

Posted by: Nomi at September 21, 2009 9:03 PM

according to google streetview this block is downright celestial: http://bit.ly/2w8oUg

...

(p.s. not the first to make this joke, i know)

Posted by: perhaps at September 21, 2009 9:37 PM

They've made the most of a railroad flat, but having lived in one as a rent stabilized tenant, it's crappy layout for long term living. No way is this a 550k apt, even if this was the top of the market. I'm usually willing to give sellers the benefit of the doubt, but here I'm on Team Delusional.

Posted by: Bolder at September 21, 2009 9:59 PM

"according to google streetview this block is downright celestial: http://bit.ly/2w8oUg"

Is that God?

Posted by: Nomi at September 22, 2009 12:21 AM

Anyone that would spend that amount of money for a RR is out of thier minds. Where is the counter space to prepare food?

Lay out is crappy. These tenements should just be left as rentals because they are truly not worth anything, especially for a walk up....

Posted by: STARGAZER at September 22, 2009 11:22 AM

Post a comment

Please be patient while your comment is published. It may take a moment.

Latest Restaurant Additions