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October 13, 2009

Co-op of the Day: 39 Plaza Street West

39-Plaza-Street-West-1009.jpg
After seeing the photo of the exterior of 39 Plaza Street West and reading the word "maisonette" in the listing, we were all excited to fall in love with this new one-bedroom listing. Unfortunately, 'twas not to be. The living room feels like a gigantic foyer and the kitchen reno leaves us limp. Oh, and the monthly maintenance of $1,258 feels high for a 750-square-foot co-op. Looks like the asking price of $420,000 is gonna have to come down.
39 Plaza Street West [Corcoran] GMAP P*Shark





Posted by Brownstoner at 12:41 PM | Comments (21)
Categories: Co-ops, Park Slope

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Comments

Oh, and the monthly maintenance of $1,258 feels high for a 750-square-foot co-op

Understatement of the week.

Posted by: daveinbedstuy at October 13, 2009 12:47 PM

yeah, not happening.

Posted by: Kensingtonian at October 13, 2009 12:50 PM

odd configuration- a lot of hallway and the living room feels like a hallway too.

Posted by: bxgrl at October 13, 2009 12:50 PM

This is a beautiful building in a great location, but it's hard to believe that it's just the photographs making the place look so ugly--it probably is ugly. The description manages to make it sound like a lovely apartment, but the images just don't bear it out. Still, probably because of the astronomical maintenance, it's priced 100K below recent comps.

Posted by: dylanfan at October 13, 2009 12:52 PM

Worst floorplan I've ever seen.

Posted by: daveinbedstuy at October 13, 2009 12:53 PM

This is a studio with a wall. Who the hell wants to pay $420,000 for a living room with no windows? Yes, please sign me up to pay $3100 a month to live in a studio.

Posted by: Brokedeveloper at October 13, 2009 12:55 PM

what's up with having the closets in the living room instead of the bedroom?

Posted by: CG_ups at October 13, 2009 12:57 PM

haahahahahahah - is this a joke????????????? this is the crappiest apt I've seen in a long time - who is this insane broker who thinks an apt with basically no living room could sell for anything close to this price?

Posted by: gkw at October 13, 2009 12:59 PM

I do like the herringbone wood floors. everything else? Hmmm.
Floorplan tells me this place was once a janitor's closet.

Posted by: Fjorder at October 13, 2009 1:00 PM

A seller of a similar 1br in same building (less maintenance) is less delusional than this seller-his agent and some posters here

http://www.prudentialelliman.com/Listings.aspx?ListingID=1168507

Posted by: bklplebe at October 13, 2009 1:00 PM

another listing that sounds like the lottery commercials - a dollar and a dream. this is full 3 strikes - bad price, bad maintenance, bad unit

Posted by: more4less at October 13, 2009 1:04 PM

C'mon, doesn't everyone like the Arrange-a-Room Feature?

That alone ought to be worth the price, right?

Posted by: northsloperenter at October 13, 2009 1:05 PM

What a dog! Ground floor apartments only make sense if there is a backyard. This is a glorified studio, probably used to be the super's supply closet. Between the inflated square footage, the high maintenance, the horrible layout, it's hard to see why anyone would want to buy this. Could you even rent it out for $1,250?

Posted by: Maly at October 13, 2009 1:07 PM

This unit is a former doctor's office, and has been on and off the market for four years now. it was originally listed in 2004 for $299K and failed to find a buyer so was withdrawn from the market before coming back in 2007 at $479K, eventually reduced to $449K in October of that year, where it hung out, going through various brokers, until being permanently taken off the market in July 2008. It looks like they've done some minimal work on the kitchen, but the whole place needed to be redone (especially the bathroom). I guess they've staged it for this go-round -- certianly looks better than it did when I last saw it and it was empty. 39 Plaza St. is a full-service, Rosario Candela-designed building that just completed a years-long facade restoration project. Love the building, not this unit.

Posted by: babs at October 13, 2009 1:08 PM

I am in "if you can't say something nice" don't say anything at all mode...

Posted by: wasder at October 13, 2009 1:08 PM

Pummel me if you want, but I'm going to take a contrarian view. I agree that the $1,300 monthly maintenance is excessive for this size apartment. But, I've seen much worse apartments, including substantially smaller, more non-descript Manhattan studios in the $300k - $400k range. At the right price (which has to take the high maintenance into account), someone who would otherwise buy a studio could instead buy a 1-bedroom with an eat-in kitchen. The layout is a little awkward, but the bedroom is decent size, and the living room appears to get decent light from the door and surrounding windows. Going back to the OT now. Carry on.

Posted by: CarrollGardened at October 13, 2009 1:10 PM

Interesting architectural style at the entry. Spanish Renaissance aka Plateresque.
I love it.


Posted by: Minard Lafever at October 13, 2009 1:20 PM

just a second:

"leaves us limp"?

Is that a brokedick joke?

Posted by: hokem at October 13, 2009 1:48 PM

This is a beautiful building, and I considered buying a 1BR flat here 15 years ago. However, the maintenance back than for the 1BR was almost 1,000! I did some checking and found out the building's finances were awful--they had a big balloon mortgage, probably still do. Such a shame, as it is an architectural stunner.

Posted by: WonTon at October 13, 2009 2:35 PM

This is a totally crappy layout. The realtor description is making it sound like a wonderland. Where would the furniture be placed. I would not need nor want 2 door ways into the bathroom.

Maybe if people would stop buying these crappy apartments for these insane prices, possibly the prices would go down.

This is not even worth 50K. ...and how did the maintenance be over 1K, are you kidding???

Posted by: STARGAZER at October 13, 2009 2:52 PM

It's an OK size, but I have a problem with the front door doubling as the main light source for the living room. That reason alone means I could never live there.

Posted by: etson at October 13, 2009 3:06 PM

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