I agree with sandgroper... my soon to be new neighbor.
Im also buying one of the apartments and I did a lot of research beforehand. For everything you get, the quality of the finishes AND the construction this is a steal. It was actually priced at the same price as many fixer upper co-ops I visited. I really don't feel like paying extra for original moldings and a kitchen that needs gutted and I have to use a window AC AND have to leave the apartment to do my laundry.
Everyone seems to be comparing the pricing to Co-Ops which just doesn't make sense considering the maintenance on co-ops is through the roof. Not to mention you have to deal with a co-op board.
Your potential for profit is maximized when you buy in a area which will soon change for the better. Rather than paying out your butt for "charm" that is only two blocks away. Its not in the heart of Park Slope... but its literally a five minutes walk away.
If you really want to complain at least visit the building first. As for the neighborhood... its already changing for the better and I feel like the building can only help. They are even taking suggestions from the buyers when they select the local businesses for the commercial spaces on the ground floor.
What I know is - I am getting the apartment I never thought I could afford for the price of a fixer upper old co-op two or three blocks away. Im very excited!
I agree with sandgroper... my soon to be new neighbor.
Im also buying one of the apartments and I did a lot of research beforehand. For everything you get, the quality of the finishes AND the construction this is a steal. It was actually priced at the same price as many fixer upper co-ops I visited. I really don't feel like paying extra for original moldings and a kitchen that needs gutted and I have to use a window AC AND have to leave the apartment to do my laundry.
Everyone seems to be comparing the pricing to Co-Ops which just doesn't make sense considering the maintenance on co-ops is through the roof. Not to mention you have to deal with a co-op board.
Your potential for profit is maximized when you buy in a area which will soon change for the better. Rather than paying out your butt for "charm" that is only two blocks away. Its not in the heart of Park Slope... but its literally a five minutes walk away.
If you really want to complain at least visit the building first. As for the neighborhood... its already changing for the better and I feel like the building can only help. They are even taking suggestions from the buyers when they select the local businesses for the commercial spaces on the ground floor.
What I know is - I am getting the apartment I never thought I could afford for the price of a fixer upper old co-op two or three blocks away. Im very excited!
Posted by: 062009 at September 22, 2009 11:31 PM in response to 500 Fourth Avenue 20% Sold; Opening in Fall?