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September 29, 2009

Co-op of the Day: 96 Schermerhorn Street, #9G

This listing at 96 Schermerhorn Street in Brooklyn Heights could use better photos and is only for the young and agile given the precarious ladder to the bedroom, but the views and high-ceilings might be enough to catch the interest of some young whippersnapper. Of course, he'll have to come up with 20 percent of the $315,000 asking price and be ready to pay the monthly maintenance of $868, which isn't so bad considering it's a doorman building.
96 Schermerhorn Street, #9G [Corcoran] GMAP P*Shark

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Comments

Renting someplace with a ladder is one thing.

PURCHASING something that requires the use of a ladder?

No Freakin' Way!

Posted by: TownhouseLady at September 29, 2009 12:47 PM

Not a bad place - but I would kill myself with that ladder, and might make it more difficult to get laid.

Posted by: dirty_hipster at September 29, 2009 12:49 PM

This block of Schemerhorn Street is not in Brooklyn Heights proper. It is in the Civic Center, or Downtown district.
Having said that, it is convenient to the Heights, Boerum Hill, Downtown and to tons of mass transit.

Posted by: Minard Lafever at September 29, 2009 12:51 PM

I went to a couple open houses for one bedrooms here a few months ago. I was intrigued by the price per square foot, however the hallways smell of urine, the apartments all need to be gut renovated, and in general I got a really bad feeling about the place.

Posted by: kvnbklyn at September 29, 2009 12:52 PM

Biff "loves" this building.

DH, It will be tough to get to bed after one of those stoned and/or drunk nights.

At least if you bring a girl home and she climbs that ladder, you know she is in good shape.

Posted by: Kensingtonian at September 29, 2009 12:57 PM

Here's some trivia for you. This building used to be part of the small downtown Brooklyn "campus" of St. John's University. The main campus is in Jamaica, Queens, but they had a smaller Brooklyn outpust. They moved this nnex to Staten Island in 1971. My older brother was a member of the last class that graduated from the old Brooklyn St.John's.

Back to appraisals!

Posted by: benson at September 29, 2009 12:59 PM

i rented a place my senior year of college where i had to use a ladder to get in and out of bed. :-/ i started looking like a battered housewife with all the bruises and bumps i was getting on my body i wound up just sleeping on the floor. taking a ladder in and out of bed is ridiculous.
it does save space but it gets annoying FAST!

*rob*

Posted by: Butterfly at September 29, 2009 1:00 PM

You might need one of these to save an extra time up and down the stairs in the middle of the night:

www.stadiumpal.com

Figure this studio would rent for $2,000. Rent to own equivalent price of $250,000.

Posted by: Brokedeveloper at September 29, 2009 1:05 PM

quote:
"the hallways smell of urine, the apartments all need to be gut renovated, and in general I got a really bad feeling about the place."

this is also the kind of building that just SCREAMS bedbugs a mile away.

*rob*

Posted by: Butterfly at September 29, 2009 1:05 PM

and this is what sucks about the sort of places i can actually afford to buy at our combined income level of ~100k:

asking price: $315k
down payment: $63k

total monthly cost: 2544. for a studio loft. that's not even in a real neighborhood.

what sort of people who are only making $100k a year have 63k+ saved up just for a down payment? even if we had that sort of cash, with the maintenance it's unaffordable.

Posted by: duckumu at September 29, 2009 1:09 PM

quote:
what sort of people who are only making $100k a year have 63k+ saved up just for a down payment?

duh dont you KNOW? everyone gets their downpayments from mommy and daddy in NYC. :-/ and people aren't even ashamed to admit that, which i find hysterical.

*rob*

Posted by: Butterfly at September 29, 2009 1:13 PM

There are no bedbugs. The hallways do not smell of urine -- you have obviously not been in the building -- and it was the original St. John's University Law School.

Also, it is, for what it's worth, in Boerum Hill, which ends on that side of Schermerhorn. There are a couple regular one-bedrooms for not much more in the building.

Posted by: BH76 at September 29, 2009 1:19 PM

http://www.nytimes.com/2007/03/08/garden/08chambers.html?_r=1&oref=slogin

a more typical apartment inthe building

Posted by: BH76 at September 29, 2009 1:33 PM

where did you people go to school?

315k - down payment (63k) = 252k. @ 5% interest = monthly mortgage of $1,352.79. Plus the maintenance equals total monthly payment of $2220.79. And it's not fair to compare that a a rental price because of the tax deductions. Given the tax benefits spread over the year, your actual out-of-pocket monthly is closer to $1600-1700, at least for the first few years.

that being said, still overpriced.

Posted by: jasonliu at September 29, 2009 1:47 PM

It looks like a very nice building to me from the outside. Well-maintained and clean. Bugs are much more likely in older wood-framed buildings such as brownstones or walk-ups. This is a fireproof concrete and steel skyscraper built back in the day when they were built like bank vaults.
The ladder in this apt should be replaced with a more graceful stair. The location in the Civic Center is not bad really, maybe a little dead at night, but most of Brooklyn is.

Posted by: Minard Lafever at September 29, 2009 2:01 PM

"Not a bad place - but I would kill myself with that ladder, and might make it more difficult to get laid."

hmm...that's actually a really good point. maybe you could get some sort of a trampoline?

Posted by: ftgreenepark at September 29, 2009 2:07 PM

"DH, It will be tough to get to bed after one of those stoned and/or drunk nights."

'nuther great point. and i thought i was the only stoner on here.

Posted by: ftgreenepark at September 29, 2009 2:13 PM

"and i thought i was the only stoner on here."

Definitely not.

I have a feeling this place is suffering due to the very poor photos, but I bet it's a lot nicer in person. Don't mind the location, but it's the maintenance on this one that's the real killer.

Posted by: 11217 at September 29, 2009 2:16 PM

@BH76
Yes, I was in the building and yes, the hallways that I walked down smelled of urine.

And for what it's worth, Boerum Hill ends at State Street, not Schermerhorn. This building is squarely in downtown Brooklyn.

Posted by: kvnbklyn at September 29, 2009 2:17 PM

"Figure this studio would rent for $2,000"

That's just a sad comment... this city is so fucked it's not funny. And, yes, I'm throwing around the F-bomb. What of it? You wanna fight?

Posted by: tybur6 at September 29, 2009 2:22 PM

in a bad market places like this will sit empty like they should. what a dump

Posted by: bitter_bubble_buyer at September 29, 2009 2:43 PM

This studio would rent for $1,600 tops. $2,000 will actually get you something nice in 'real' neighborhoods.

Posted by: dirty_hipster at September 29, 2009 2:46 PM

and i'm not saying 1,600 still isn't nuts

i don't want any trouble tybur.

Posted by: dirty_hipster at September 29, 2009 2:47 PM

wouldnt it be awesome if a dump like this rented for like 500 dollars a month? allowing a single person to be able to rent their own studio in nowheresville brooklyn and be able to save up their money to buy or at least not forced to live on ramen and chickenfeet?

*rob*

Posted by: Butterfly at September 29, 2009 2:54 PM

"wouldnt it be awesome if a dump like this rented for like 500 dollars a month?"

These places do exist you know, Rob.

In Phoenix, Arizona.

Posted by: 11217 at September 29, 2009 2:56 PM

> the monthly maintenance of $868...

... is absurd to the point of insulting for this depressing little dump.

Posted by: DitmasSnark at September 29, 2009 3:02 PM

hey 11217, why dont YOU move to phoenix arizona maybe instead? snotbag. i will not leave nyc unless im screaming and kicking, and even then i wont leave. sorry people who be going around thinking brooklyn is beverly f'ing hills.

newsflash, it's not and never will be.

*rob*

Posted by: Butterfly at September 29, 2009 3:05 PM

"newsflash, it's not and never will be."

Not with you around, it's not. That's for sure.

Paid those taxes yet, Rob? How bout those school loans?

Nah, didn't think so.

But you sure do think enough of yourself to dole out advice on everything under the sun (99% of which you have no idea what you're talking about).

Please save your bed bug rants for a place (or area) you've at least walked to in the future.

Posted by: 11217 at September 29, 2009 3:13 PM

"hey 11217, why dont YOU move to phoenix arizona maybe instead?"

Because I'm not the one complaining about prices in NYC.

Or make that complaining about EVERYTHING.

You win the award for the most pathetic, most inane and most ignorant poster on this website. All you do is trash things you know ZERO about. So tiresome.

Posted by: 11217 at September 29, 2009 3:15 PM

quote:
Paid those taxes yet, Rob? How bout those school loans?

they owe ME! the only reason they are saying i owe them and there is a PENALTY on it is because my 2004 an 2003 state were not filed because an idiot ex boyfriend who was supposed to file for me but didnt. and my student loans are back on forebareance again. or maybe it's deferment. one of those. and why is any of that irrelevant? why bring personal information about me from OT into a thread like this? jeez you can be vile sometimes.

*rob*

Posted by: Butterfly at September 29, 2009 3:17 PM

"jeez you can be vile sometimes."

You are vile most of the time.

"this is also the kind of building that just SCREAMS bedbugs a mile away."

Ever been to this building, Rob? Have you ever even been to downtown Brooklyn?

Do you know where it is? Cause you seem to need a map to find the Commerce Bank outside your doorstep.

Posted by: 11217 at September 29, 2009 3:20 PM

Excuse me, it's TD bank now.

You were probably even more confused than usual.

Posted by: 11217 at September 29, 2009 3:21 PM

as a matter of fact, yes, when the green TD sign went up seemingly overnight, i was CONFUSED walking back home. what exactly is your point again, princess?

*rob*

Posted by: Butterfly at September 29, 2009 3:25 PM

My point is that ignorance is not something to aspire to.

Posted by: 11217 at September 29, 2009 3:27 PM

O.k...

Can we cut it out the back and forth sniping? If you want to hijack a thread with this nonsense take it to the OT.

GAWD!

Posted by: TownhouseLady at September 29, 2009 3:28 PM

My point is stop it with the hair pulling.

You look ridiculous.

Posted by: TownhouseLady at September 29, 2009 3:30 PM

oh yeah and that's really great of you outing exactly what building i live in :-/

*rob*

Posted by: Butterfly at September 29, 2009 3:31 PM

Oh please.

You've talked about sitting by the TD bank a million times before. I have no idea what building you live in.

Get a grip and stop pretending to be so defenseless.

Posted by: 11217 at September 29, 2009 3:32 PM

he started it

*rob*

Posted by: Butterfly at September 29, 2009 3:35 PM

Rob has a sense of humor, 11217 doesn't. That about sums this up.

Posted by: josefsz at September 29, 2009 3:59 PM

I was going to say something about the listing based on my personal experience with loft beds, but it doesn't even seem relevant any more. I took a couple months off from posting on Brownstoner and really question what was so seductive about the experience that I resumed.

Posted by: altervoce at September 29, 2009 4:08 PM

"Rob has a sense of humor, 11217 doesn't. That about sums this up."

Last I checked, this was a thread about an apartment for sale in Brooklyn, not an episode of My Life on the D-list.

Posted by: 11217 at September 29, 2009 4:10 PM

I like spaces like this, but the fact that the sqaure footage isn't meantioned is pretty telling.

Posted by: Kaonashi at September 29, 2009 5:11 PM

Same line -- looks totally different...http://www.prudentialelliman.com/listings.ASpx?listingid=1142926&utm_source=Streeteasy&utm_campaign=corporate&utm_medium=listings

Posted by: BH76 at September 29, 2009 5:24 PM

"what sort of people who are only making $100k a year have 63k+ saved up just for a down payment?"

People who decide it's a priority, and save up consistently for several years. In other words, a lot of us.

Posted by: Sparafucile at September 29, 2009 6:00 PM

"what sort of people who are only making $100k a year have 63k+ saved up just for a down payment?"

masochists who bought the idea of overpriced housing and are willing to compromise all other aspects of their lives.

unfortunately the gov has restarted subprime lending so everyone who buys now still buys in the bubble.

you are making 100K which is double the brooklyn median, 30% more than the manhattan median, and more than any median in any NYC zip code. But you can only afford this. What a joke!

Posted by: bklplebe at September 29, 2009 6:43 PM

I would find it hard to believe this place rented for 500 bucks a month even in 1985.

Posted by: Santa at September 29, 2009 6:56 PM

"Not a bad place - but I would kill myself with that ladder, and might make it more difficult to get laid." (dirtyhipster)

Yeah, being dead limits the pool of those who want to have sex with you. True.

The expression "get laid" always makes me think of the smell of rotten eggs.

Posted by: Nomi at September 29, 2009 9:20 PM

bklplebe... sad, right?

Posted by: tybur6 at September 29, 2009 9:48 PM

I have lived in this building for more than a year, and it's been a great place. The maintenance is high but worth it--two big, perfect elevators; a nice roof deck; a clean laundry room with inexpensive machines. The hallways are immaculate, with no urine smell, and there are no bedbugs or vermin.

I wouldn't want that ladder, but you could replace it with stairs. My apartment used to have a ladder, but the former tenant put in an attractive, steep staircase in its place.

Posted by: MrLittlePants at September 29, 2009 10:03 PM

« Price Cuts at The Absolute House of the Day: 329 Adelphi Street Reduced »

September 29, 2009

Co-op of the Day: 96 Schermerhorn Street, #9G

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