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Co-op of the Day: 60 Plaza Street East, #3D

Categories: Co-ops, Prospect Heights

60-Plaza-Street-East-3D-0310.jpg
The whole stuffed animal thing is pretty weird, but maybe it's a brilliant stroke of marketing genius on the part of Arlene Greendlinger since it gets our attention! Cat or no cat, this studio at 60 Plaza Street East is one of the cheaper apartments you'll be able to find so close to the park (on this side of the park). It's certainly nothing fancy, but with a maintenance of $633 and an asking price of $249,000, this may be just the ticket for a single person on a budget.
60 Plaza Street East, #3D [Arlene Greendlinger] GMAP P*Shark




By Brownstoner at March 9, 2010 12:40 PM | Comments (26)

26 Comments

By Brownstones Half Off on March 9, 2010 12:48 PM

$2,075/mo for a studio east of Vandy?! I don't think so.

"one of the cheaper apartments you'll be able to find so close to the park (on this side of the park)"

I doubt by PSF.

***Bid half off peak comps***

By Nomi on March 9, 2010 12:49 PM

She's really got the cat's-eye-view going there. Lots of floor, little or no ceiling -- not the most flattering views. And with what sounds like maybe 500 sq. feet, it'd be nice to feel some of that space.

By Brownstones Half Off on March 9, 2010 12:53 PM

Is $523/SF cheap here?

***Bid half off peak comps***

By Nomi on March 9, 2010 12:54 PM

PSF price isn't bad, but that maintenance is high.

By Guvna on March 9, 2010 12:54 PM

The park is a big draw though. I love the park.

By serpentor on March 9, 2010 12:57 PM

I've asked her about the stuffed animals. She said she just likes them. They're her signature.

By BSD on March 9, 2010 1:03 PM

Sad to think of spending 1/4 million to live in a shoebox (dont think this exceeds 500 sq.ft). That said, I want to meet Arlene. I envision an eccentric older lady wearing colorful clothes and gaudy costume jewelry, with the personality of Maude (of Harold and Maude)

By Butterfly on March 9, 2010 1:04 PM

quote:
They're her signature.

signature lame.
*rob*

By mksk on March 9, 2010 1:08 PM

I've met her, BSD. She's a little nutty for sure, but not extremely so. Still, she's quite weird.

By Nomi on March 9, 2010 1:08 PM

500 square feet is not so small for a studio.

By Nomi on March 9, 2010 1:10 PM

I don't mind that they're her signature, but they seem to be the focus of every picture instead of the apartment. But she's probably doing fine .. . .

By Maly on March 9, 2010 1:16 PM

It needs a bit of love, the kitchen is rental-style, but the price is fair. Assuming you are buying at ask, with the customary 20% down, it would cost you about $1,800, $1,550 after tax. It's pretty much the going rate, no?

By DitmasSnark on March 9, 2010 1:37 PM

This place is much bigger than your typical brownstone studio.

Floorplan is here:

- http://bk.ly/bHV

By sender9999 on March 9, 2010 1:38 PM

i think her website is cute

http://www.arlenegreendlinger.com/

not sure i would hire her though...

By more4less on March 9, 2010 2:06 PM

relative to the listings in the market, this is a good deal. location and bldg is pretty good.

By Brownstones Half Off on March 9, 2010 2:39 PM

"500 square feet is not so small for a studio."

Neither is a quarter mil. With the "debt problem" in the world economy, this is a future 1 or 2 BR price.

***Bid half off peak comps***

By mt_molehill on March 9, 2010 3:02 PM

yeah, but how far into the future?

By Brownstones Half Off on March 9, 2010 4:13 PM

Not far. Sooner than you think. It's a debate over when, not whether. Debt, and therefore the money supply, is deflating through paying-off (credit cards instead of mortgate payments in some cases), write-offs, foreclosures and bankruptcies. Capitulations. Sell offs. Depression.

The can is getting heavier and heavier. Toes are getting stubbed.

***Bid half off peak comps***

By mt_molehill on March 9, 2010 4:17 PM

your observation about the unsustainability of it all may be valid, but your sense of the inexorability and the timeline on which this kind of thing unravels seems off.

By Brownstones Half Off on March 9, 2010 4:42 PM

...until you realize that total debt outstanding is contracting for the first time since 1982. "this kind of thing" is on par with the 1930's. The depths of the depression were only years away from the crash of '29.

***Bid half off peak comps***

By mt_molehill on March 9, 2010 5:15 PM

ok roubini.

By smug on March 9, 2010 9:27 PM

maintenance is high and actual one bedrooms in prospect heights are not much more.

any word on if g&e is included in the maintenance? that would make it more reasonable.

while I do think many people on this website are too optimistic about a housing recovery, BHO is being too negative.

and "debt and therefore money supply"....uhhh, no. I don't even know where to start with that one.

By PlazaMan on March 9, 2010 11:47 PM

I’m surprised that people think the maintenance is high. Is it really possible for the maintenance to be much lower in a doorman building? I think the maintenance sounds fairly reasonable.

By Brownstones Half Off on March 10, 2010 7:22 AM

"and 'debt and therefore money supply'....uhhh, no. I don't even know where to start with that one."

Uhhh, yes. Start here...

http://tinyurl.com/y87s83c

***Bid half off peak comps***

By smug on March 11, 2010 12:06 AM

that "documentary" is an abortion of the truth.

By Brownstones Half Off on March 11, 2010 12:19 PM

Anybody can say that. But nobody can explain why.

***Bid half off peak comps***

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