gem…how comfortable are you with analyzing the financial statements of a coop/condo??? If not, get a good real estate lawyer and if you have to pay him to look at a few different places, it’s money well spent.
Key points are: Amount of money in reserve, when were the last major issues updated: roof, boiler, brick pointing, balconie (if any), hallways, lobby.
Gem, that’s the place I said I liked from what Brooklyn Hearth had on their site. It’s a nice apartment and I guess it’s worth about 425K.
Here is a coupe of dilemmas.
1. That maintenance is fairly high considering its only 37% deductible. I am guessing they are spending too much money on something they should be spending. Maybe you can google the address and read if there is any comments about the building.
2. Brooklyn Hearth is kind of like Corcoran of Ditmas Park. They are a boutiqueish real estate office and only specialize in the neighborhood and mostly in coops. I think they price their properties a bit high for what the neighborhood commends. They will most likely not take the 425K offer but maybe the owner is desperate and needs to sell so it would hurt to put in an offer. Who knows these days.
Dave, I kinda hope you do. Find out what he’d do for a ring pop.
I sure as hell hope I don’t get my posts mixed up between here and the Yahoo IM messages I’m sending to bkbttm
cobble, i agree. We are swiftly approaching “raunch hour.” Anyone want to put on some Norah Jones to soften the mood?????
gem…how comfortable are you with analyzing the financial statements of a coop/condo??? If not, get a good real estate lawyer and if you have to pay him to look at a few different places, it’s money well spent.
Key points are: Amount of money in reserve, when were the last major issues updated: roof, boiler, brick pointing, balconie (if any), hallways, lobby.
Oh geez, are you people still talking about real estate! What do you think this is, a real estate blog??!! ; )
Kens – right! well we will make an offer I think, but I want to know why maintenace is so high – agreed!
I also like this, primarily for the location and space and price – we could prob get it for like $250K and do a complete reno
http://brooklynhearth.com/listing.php?id=786
I meant shouldn’t be spending.
I wasn’t paying much attention to him because he never posted or sent a pic. To clarify why.
Posted by: daveinbedstuy at February 8, 2010 2:57 PM
of course. I would’ve questioned if you’re the real DIBS if you saw the pics and said “no thanks”
Gem, that’s the place I said I liked from what Brooklyn Hearth had on their site. It’s a nice apartment and I guess it’s worth about 425K.
Here is a coupe of dilemmas.
1. That maintenance is fairly high considering its only 37% deductible. I am guessing they are spending too much money on something they should be spending. Maybe you can google the address and read if there is any comments about the building.
2. Brooklyn Hearth is kind of like Corcoran of Ditmas Park. They are a boutiqueish real estate office and only specialize in the neighborhood and mostly in coops. I think they price their properties a bit high for what the neighborhood commends. They will most likely not take the 425K offer but maybe the owner is desperate and needs to sell so it would hurt to put in an offer. Who knows these days.