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September 28, 2009
Co-op of the Day: 35 Prospect Park West, #14A and 15A

Tough times at the top! This 11-room duplex at 35 Prospect Park West in Park Slope began its listing life in early 2008 with Stribling asking a cool $4,450,000. That didn't happen, and Corcoran gave it a whirl later in the year at $4,125,000. Nada. So Brown Harris took the reins in March of this year with the same asking price. In May, the ask was trimmed to $3,900,000 where it remains today. Still nothing. What's it gonna take to move this 4,400-square-foot blue chip?
35 Prospect Park West [35 Prospect Park West, #14A and 15A] GMAP P*Shark
Co-op of the Day: 35 Prospect Park West [Brownstoner]
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Comments
3.9M and no outdoor space? That could be a problem.
Posted by: ecoux at September 28, 2009 12:52 PM
Giant ensuite master bath. Only the best for the best.
Posted by: daveinbedstuy at September 28, 2009 12:53 PM
It's fairly stunning... but what does the Brown and Harris headline, "A Timely Choice," mean exactly?
If someone wants to give me $3.7 million, I'll take this off their hands at the current asking price.
Posted by: tybur6 at September 28, 2009 12:54 PM
Oh wait... only 5 bathrooms!? That's a deal breaker. I thought the formula was at least 1 bathroom per bedroom + a handful more for good measure.
Posted by: tybur6 at September 28, 2009 12:56 PM
That's a great duplex. I love the detail....think of this way the Park across the street is your out door space.
Posted by: A CrownHeightsLady at September 28, 2009 12:56 PM
When you own a duplex like this, where do you actually store a cord of wood for the fireplace. With a brownstone, it's the ccellar or the yard. Makes no sense whatsoever.
Posted by: daveinbedstuy at September 28, 2009 1:00 PM
all this plus real exterior walls. The kind that can't break or shatter. The kind you can't see through. wow.
Posted by: Minard Lafever at September 28, 2009 1:00 PM
Has anyone else picked up on the little special secret entrance? Since it's two apartments attached together, there's a secret getaway through a closet in the master bedroom. Like a priest hole... in case you find yourself under attack by the protestants.
Posted by: tybur6 at September 28, 2009 1:05 PM
DIBS, stove the wood in the maids qtr.
btw, how come there's no easily accessible & logically placed bathrm on 1st flr?
Tybur, assuming someone gives you this to you, would you be able to absorb the 4.5k monthly maintenance?
Posted by: more4less at September 28, 2009 1:07 PM
m4l... Crap! That's almost 4X my rent. OK. I'll take this place if someone gives me $4 million even.
Posted by: tybur6 at September 28, 2009 1:15 PM
m4l, there's a bath off the library. It's strategically placed there as that's the room that you'd retire to for after dinner drinks. The cigar smoke will cover up any odors emanating from the bathroom.
Posted by: daveinbedstuy at September 28, 2009 1:17 PM
Oh, and m4l... the Library is a good location for the bathroom. The scent of cigar smoke will cover up your farts. The other bathroom is in the maid room, and she should be happy you don't report her to immigration... so she wouldn't mind your farts either.
Posted by: tybur6 at September 28, 2009 1:18 PM
Dave, many buildings like this have individual storage rooms for each tenant in the basement. That would be a good place to store extra wood cords.
Posted by: Minard Lafever at September 28, 2009 1:23 PM
DIBS... if you lived here, I don't think you'd have trouble finding a place to put your wood. :-)
Posted by: tybur6 at September 28, 2009 1:31 PM
tybur6...Just noticed the extra means of egress.
Wonder what the kitchen looks like.
Posted by: A CrownHeightsLady at September 28, 2009 1:32 PM
Tybur6:
That second entrance is a housing code requirement: the second floor needs access to the public hall and fire stair.
Two combined apartments?
Not likely. Everything is too well-organized, from functional adjacencies to hierarchies of "public" and "private" spaces.
You have to love that second stair to the kitchen. Originally meant to separate family from the staff, it makes a great "back stair" for today's kids. They can get straight to the cookie jar!
Emery Roth was a master of the apartment building, and this unit shows his touch. My New York place is in one of his 1920s co-ops. I know it's not a brownstone, but in its way, it's just as good.
Posted by: NOP at September 28, 2009 1:32 PM
at this price and monthly maintenance, it brings back to memory the other massive coop on 8th ave in that montauk club house. Think it was still on mkt ~2.9M. I'm finding that one to be of a relatively better value plus the space was more unique. if one is to spend this kind of $$$, why not have a more unique unit if one was available
Posted by: more4less at September 28, 2009 1:33 PM
"35 Prospect Park West, #14A and 15A" That's the only reason I said it was two apartments combined together. It may very well have *always* been combined together, from "birth."
However, the secret egress being in a closet from the master bedroom still adds a little intrigue if you ask me.
Also, at $4 million bucks, I think the second stair still has the primary purpose of keeping staff hidden... at least during your regular, obligatory society get togethers.
Posted by: tybur6 at September 28, 2009 1:39 PM
Speaking of wood....
Do you guys get your firewood delivered....or is there a cheaper alternative?
Tried the park to no avail.
Posted by: moreteasir at September 28, 2009 1:44 PM
To me this is more appealing than the montauk coop. That one WAS more unusual, but this was designed from the beginning for actual living.
I'm finding myself more curious than usual about who lives here, or lived here last.
Posted by: Nomi at September 28, 2009 1:59 PM
I use a gas coal fire here in brooklyn.
www.gascoals.net
Posted by: daveinbedstuy at September 28, 2009 2:00 PM
The $54,000 dollar a year maintenance is nothing to sneeze at. Rich people like value. I say depending on the condition of the public spaces, if they are all A-plus, this will fetch 3.4 million. The realtors are going to have to find that unique person who has money to burn and a real desire not to live in Manhattan or Greenwich -and who still has a job at one of the top financial or law firms.
Posted by: Minard Lafever at September 28, 2009 2:03 PM
Nomi, believe this was the site of an infamous double axe murder back in the 50s. Anyone remember the McDonald case?
Posted by: Lowhearts at September 28, 2009 2:03 PM
> the site of an infamous double axe murder
Double murder or double headed axe?
Posted by: DitmasSnark at September 28, 2009 2:16 PM
"Nomi, believe this was the site of an infamous double axe murder back in the 50s. Anyone remember the McDonald case?"
Hm, I sense I'm being mocked here. There is a famous MacDonald case, however. Dr. Jeffery MacDonald, for any true crime fans here. Did not take place in Brooklyn, however. Quite a story, tho.
Posted by: Nomi at September 28, 2009 2:25 PM
I remember that. But it was "MACdonald." Happened in the Slope but different building than this one.
Posted by: former at September 28, 2009 2:26 PM
What's it going to take? Someone with at least 20% down, who makes around a million a year combined income, who wants to live in an overpriced apartment. Those types are practically knocking down people's doors trying to buy now or be priced out forever. Or so I hear.
Posted by: williamsburgguy at September 28, 2009 2:29 PM
"I remember that. But it was "MACdonald." Happened in the Slope but different building than this one."
Yes, MACdonald, but not in the Slope! Not the case I"m talking about anyway. It was at Fort Bragg, North Carolina. Sensational case because he was a doctor. Killed his wife. And concocted quite a story, and still to this day (like 30 years later) maintains his innocence and campaigns for it despite hardcore evidence, etc.: http://en.wikipedia.org/wiki/Jeffrey_R._MacDonald
Posted by: Nomi at September 28, 2009 2:42 PM
A double-axe murder would not really effect the final sale price, unless there are still stains.
Posted by: Minard Lafever at September 28, 2009 2:51 PM
It might actually bump up the price... double-axe murder is very old fashioned. Definitely in keeping with the pre-war charm of this unit.
Posted by: tybur6 at September 28, 2009 2:58 PM
Lizzie Borden had an axe. She gave her mother forty wacks.....
Posted by: Minard Lafever at September 28, 2009 3:03 PM
The Schuyler mansion in Albany is primarily visited by people who want to see the indentation on the beutiful stair railing from the Indian tomohawk when they invaded.
"Two years after the wedding came one of the incidents that has made the mansion famous. Because of the General's influence with the Indian allies of the British, a number of attempts were made to capture him; the British wished to put him where he could not interfere with their plans. One summer day, when Mrs. Carter, Mrs. Hamilton's sister Margaret, was in the house with her baby Philip, a party of Tories, Canadians, and Indians surrounded the house and forced an entrance. Mary Gay Humphreys, in " Catherine Schuyler," tells what followed :
" The house was guarded by six men. Their guns were in the hall, the guards being outside and the relief asleep. Lest the small Philip be tempted to play with the guns his mother had them removed. The alarm was given by a servant. The guards rushed for their guns, but they were gone. The family fled upstairs, but Margaret, remembering the baby in the cradle below, ran back, seized the baby, and when she was halfway up the flight, an Indian flung his tomahawk at her head, which, missing her, buried itself in the wood, and left its historic mark to the present time."
Posted by: daveinbedstuy at September 28, 2009 3:18 PM
Brown Harris Stevens has an axe, gave that high price 225,000 whacks...
Posted by: DitmasSnark at September 28, 2009 3:19 PM
Ha!
They better have a double axe.
Posted by: Minard Lafever at September 28, 2009 3:46 PM
Maybe they have actually had offers but the buyers weren't approved by the coop board. Always a possibility with these fancier buildings. And speaking of that the board would have some say about the price. It's not just the seller and brokers deciding the price.
Posted by: traditionalmod at September 28, 2009 3:51 PM
co-op boards do not have any say in the price of apartments. Where did you get that idea? There are stories of how certain co-ops reject applicants because they think the price of the unit is too low, but I think that is just an urban legend.
Speaking as a co-op board officer, setting the price of units is the very last thing I would want on my plate.
I would say that a board would be extremely reluctant to reject an applicant that is willing and able to buy an apartment in Brooklyn priced over three million dollars. People on co-op boards are pretty sensible they are not strange and evil aliens despite what you may have heard.
Posted by: Minard Lafever at September 28, 2009 3:58 PM
So much nicer than OPP!
Posted by: Bob Marvin at September 28, 2009 4:25 PM
Wrong, Minard. I'm not making it up. I got that from our old coop building who absolutely would have turned down an offer they thought was too low and lowered the value of the other apartments. They can say whatever they want about why they're turning down a buyer.
Posted by: traditionalmod at September 28, 2009 4:26 PM
regarding the board not having a say on the price of the co-op, I don't have any scientific proof of what's in the minds of a co-op board but common, you don't think those people would have any selfish interest in keeping the value of their own shares high by not accepting bids they deem low? of course they do. they accept a low offer, they screw up their own comps. of course sometimes they'd have to do it, can't exist in la la land forever valuing your neighbor at what the market won't bear but I'm sure they will hold out as long as possible.
Posted by: Tdeezy at September 28, 2009 4:27 PM
sorry traditionalmod-i didn't see your post before i typed, glad to see you have some concrete evidence I was thinking speculating but i knew it!
Posted by: Tdeezy at September 28, 2009 4:31 PM
I have served on boards of fairly fancy buildings both in Manhattan and Brooklyn and no, I have never ever heard of a board rejecting an applicant because they felt the price was too low.
They look to see if the potential buyer has the financial resources to maintain the apartment and to see if they appear like solid, honest citizens. Axe murderers are really frowned upon.
I cannot imagine how any board, in any Brooklyn building, could turn down a buyer willing to pay, mostly cash I would assume, a three-million dollar apartment. The buyer would have to be someone notorious like Quaddaffi or someone like that.
Posted by: Minard Lafever at September 28, 2009 4:46 PM
Love it!
I'm taking up a collection.... (Or maybe I could just buy it and rent out rooms on the second floor: $1000 per room sound about right????)
With respect to the points by Minard Lafever and Traditionalmod about whether coop boards would turn down offers. I don't know how often it happens--I suspect not too often when the market is good--but most proprietary leases DO give the building the first right of purchase.
Posted by: Minmin at September 28, 2009 6:59 PM
Nomi! Ah yes, the Jeffrey MacDonald case. I am still in awe of this case, both because of the befuddlement I feel as to whether he did indeed kill Collette, Kristin and Kimberly (his tiny daughters) or whether Joe McGinniss, the author of Fatal Vision really did just screw him to write an essentially fictional account of the case, and because it escapes logic that anyone could do what was done to those little girls. At one time I was convinced he had done it. Now, not so sure.
But more to the point, was there a double murder, with an axe, at a "rich" cooperative in Brooklyn?
Posted by: Nokilissa at September 28, 2009 7:21 PM
mimmin, you're right, and that right of first refusal comes in handy when a unit is being foreclosed by a bank but otherwise it is usually just yes or no -in terms of the potential buyers. And I'll let you into a little secret, realtors know what boards like and don't like. They don't like wasting their valuable time. When a good realtor matches a coop up with a buyer, it is almost always, really, almost always, a win-win. The stories about Madona being rejected from a CPW co-op or Nixon being rejected from a Fifth Avenue co-op is merely the stuff of celebrity legend. For real folks the process works super well.
Posted by: Minard Lafever at September 28, 2009 7:31 PM
Minard Lafever:
As to the co-op review process working "super well" for "real folks" that depends on your definition of real folks.
For real folks outside the co-op's social profile it doesn't.
For people of color it doesn't.
And even for rich gays, it sometimes doesn't.
Just read the New York Times to learn about blacks who've been "politely" shown the door; Asians and South Asians bringing suits against co-op boards; and the occasional "social" gay who can't get into Sutton Place.
And discrimination isn't limited to the Upper East Side but can be found in middle-class precincts in Queens. (Again, read the New York Times.)
I have rich friends who've moved to New York from India who've passed on the indignity of appearing in front of another co-op board, opting for a multi-million dollar condominium and paying a 30% premium over the cost of a comparable co-op. (Why do you think condominiums are more expensive than all but the very best co-ops? Because in many cases they're less "exclusive," the transaction direct between buyer and seller -- without intrusive boards -- making them more valuable on the open market.)
Just recently, Indian guests of mine from London were shown the service elevator by the doorman at my Park Avenue building! I let him have it, believe me, but his behavior is so culturally ingrained that he was less upset than bemused by my response. (His look was quizzical, not ashamed, as in, is there really a problem about this?)
Yikes!
Posted by: NOP at September 28, 2009 9:03 PM
Nokilissa, wow, didn't expect a response from someone who'd read the book! I feel bad that I'd forgotten about the little girls. I read it a few years ago. I'm aware of MacDonald's claims that McGinniss wrote a fictional story, though I've never doubted its veracity myself. He did, tho, I'm sure, mislead MacDonald about his intentions. He had to have. Though . . . . I have some vague memory that he DID go into it not sure whether MacDonald was guilty or not. Anyway, that one stayed with me for a long time.
Posted by: Nomi at September 28, 2009 10:12 PM
Oh NOP, give it up. That is baloney. What you describe are your personal problems, don't project them on the busy, successful people volunteering on their co-op boards. If you are getting your info from the NY Times Park Avenue bureau you should stop wasting your time and join the real world.
Posted by: Minard Lafever at September 28, 2009 11:08 PM
But, ML, NOP is TALKING about high end coops. Why not get info from what you're calling the "NY Times Park Avenue bureau"?
I'm a conservative. I find most political correctness tiresome at best. But it's no secret that SOME coop boards are extremely exclusive and often reject people for their race or ethnicity alone. This is their right, but it's not pretty.
Posted by: Nomi at September 28, 2009 11:43 PM
Minard,
I'll quote you for your own benefit. And from today's Brownstoner, September 28, 2009 at 1.42 pm in the Slope synagogue thread:
"My goodness, if anyone has been involved in the real estate or architecture business in New York City for longer than ten minutes they know about which are the Jewish buildings and which are the Gentile buildings and which are the buildings with the rich Catholic families, etc etc. Same with private clubs. It's not the sort of thing that is enforced by law, it is enforced by human mores, for better or worse.
Twenty years ago the racial boundaries in Brooklyn were as hard as those in Johanesburg. Apartheid was not a state law but it may as well been.
Are you all that young?"
That's your quote, in its entirety, which sets the general context for my personal experiences, those of my friends and visitors, and those of people confronted by discrimination at New York cooperatives as reported in the Times.
And Nomi:
It's not cooperative boards' right to discriminate by race, gender, religion or sexual orientation in New York City housing, whether it's a condo in Park Slope or a cooperative on Fifth Avenue or a rental unit in Flushing.
It's against the law.
Not that agents won't steer people away from certain buildings to avoid conflicts. That's against the law, too.
Know your rights. You may some day have reason to want to use them. :)
Posted by: NOP at September 29, 2009 12:03 AM
Ah, OK. I know they don't have to give a reason, so I assumed. But I should have looked it up before writing that.
Posted by: Nomi at September 29, 2009 12:45 AM
Nomi, of course what I meant to write is that boards, landlords or agents can't discriminate in selling or leasing apartments in NYC, whether coops, condos or rentals.
Good night.
Posted by: NOP at September 29, 2009 1:03 AM
Yes, but if the boards actually do not have the legal obligation to disclose their reasons (though I imagine that must be periodically challenged in the courts), it must be pretty hard to enforce federal (or state) fair housing laws.
Posted by: Nomi at September 29, 2009 2:38 AM

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