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October 1, 2009
Price My Apartment
We're thinking of selling soon. What do you think is a reasonable asking price in this market? It's a 1.5 bedroom apartment in a full-service, pre-war building in a prime Park Slope location. Maintenance is around $1000/month. The kitchen and bathroom are in good condition, but could use some updating and cosmetics. The apartment gets plenty of light and has nice original detail and five large closets. TIA.
Comments
Coop or condo?
Square footage would be nice too.
Posted by: newsouthsloper at October 1, 2009 2:46 PM
And when you say 1.5 bedroom, could that .5 actually be slept in by somebody, ie could two non-romantically involved people live there together?
Posted by: wasder at October 1, 2009 2:55 PM
$500K. That pretty much means nothing but there is a number to start the bidding.
Posted by: squaredrive at October 1, 2009 3:35 PM
Sorry, it's a very well-run co-op building, and the apartment is approximately 900 square feet (including the large entry foyer, which we use as a dining room). The half bedroom was formerly the dining room, but is now used as a bedroom by my two kids (one in a bed, one in a crib). It is separated from the living room by french doors, and has two big windows but no closet. It would make a good office or guest room space.
Posted by: Lesloaf at October 1, 2009 4:09 PM
$600-$650K if it is in "Prime" Park Slope.
Posted by: newsouthsloper at October 1, 2009 4:57 PM
Price at 600 and you will probably move it without too much trouble.
Posted by: wasder at October 1, 2009 5:01 PM
Agree. List at $625 be ready to take $590. That's if you want to sell in a reasonable amount of time.
Posted by: BH76 at October 1, 2009 5:13 PM
It is definitely prime Slope -- very close to the park and the 2/3 train. Not in the best school zone, but that wouldn't likely matter to someone buying this size apartment. Thanks for the input -- you're all coming in higher than I expected....
Posted by: Lesloaf at October 1, 2009 9:50 PM
Considering people on this site tend to spec price 9-19% below actual sales ( http://www.brownstoner.com/brownstoner/archives/2009/10/widget_update.php#more ) I'd say ask $700-720k.
Posted by: christopher at October 1, 2009 10:36 PM
My original number is probably low given the additional information, but I think these numbers are high for a less-than-2BR not in mint condition, and not in the best school district. I would look for comps-
Posted by: squaredrive at October 2, 2009 9:27 AM
$600k for an unrenovated glorified 1 bedroom? Are you crazy?
Posted by: mksk at October 2, 2009 12:34 PM
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