Co-op of the Day: 119 Henry Street 2BR
Brooklyn Heights remains the blue chip neighborhood in Brooklyn without a doubt, but as other neighborhoods improve their housing stock and services how much of a relative premium should The Heights command? That eternal question popped into our mind as we were looking at today’s Co-op of the Day at 119 Henry Street. There’s no…
Brooklyn Heights remains the blue chip neighborhood in Brooklyn without a doubt, but as other neighborhoods improve their housing stock and services how much of a relative premium should The Heights command? That eternal question popped into our mind as we were looking at today’s Co-op of the Day at 119 Henry Street. There’s no question that it’s a lovely apartment — only whether it’s worth $1,099,000 when that same amount buys you two floors of a brownstone one subway stop away and a beautiful house five stops away. But, as we’ve discussed before, that’s not really the right way to look at it. Most people aren’t deciding between a two bedroom in Brooklyn Heights or a house in Windsor Terrace. More likely, they’re deciding between this place on Henry Street and another two bedroom in the neighborhood like this one on Hicks Street for $925,000. Which do you think looks like a better deal?
119 Henry Street [Douglas Elliman] GMAP P*Shark
Brooklyn Heights is nice but so far from prospect park, museum, lib and all the best of Brooklyn, take 1/2 the cash and buy a 2BR in Windsor Terr or Prospect Heights.
it’s the taxes. they are SIGNIFICANTLY higher in the heights than anywhere else in brooklyn.
very eloquent! 5:52
$1 million for a floor through with a tiny kitchen and no dining room. And I can’t even bring my dog with me! No thanks.
I think Brooklyn Heights is priced as a function of Manhattan prices. Most likely those interested in this place are looking across the river as well.
Presumably some portion of the mtn fee is going to the building’s underlying mortgage.
heat, taxes, water, garbage/snow removal, cap ex fund.
How do you get to $1,300/month of maintenance on a brownstone co-op? That’s almost $16k/year. Assuming there are three other units and they all pay the same maintenance, that’s $64k/year in maintenance. Where the heck is all that money going?
Looks pretty nice. Not worth the $$$ IMO though. Mr. B., any way to click on a link and have it open into another window rather than replacing the brownstoner site? Less of a pain to manage.