Co-op of the Day: 474 3rd Street
Here’s an attractive two-bedroom in a lovely (albeit elevator-less) limestone building on one of the Slope’s grander streets. The pre-war apartment appears to have retained much of its original charm, including pocket doors and and woodwork around the windows though (what happened to the crown moldings, though?). This apartment also has its own entrance to…
Here’s an attractive two-bedroom in a lovely (albeit elevator-less) limestone building on one of the Slope’s grander streets. The pre-war apartment appears to have retained much of its original charm, including pocket doors and and woodwork around the windows though (what happened to the crown moldings, though?). This apartment also has its own entrance to the building’s common garden. Given the 321 factor, the asking price of $819,000 seems achievable to us. What think you?
474 3rd Street [Brown Harris Stevens] GMAP P*Shark
Photo by Kate Leonova for Property Shark
Full Discloser part deux: Our apartment was a piece of shit that we renovated. This one looks to be in much better condition.
“a lot of work, i’m guessing.”
Maybe, but he is doing this full-time now, so…
i agree that a fun addition to the site might be that there’s a guess put in for asking prices (similar to curbed) for the pick of the week or something, and then we find out who was closest on the actual listing price.
but then to go one step further, keep track and let us know what it ended up actually selling for.
a lot of work, i’m guessing. but could be fun.
If this place was worth a little over $500K in early 2002, then it’s probably doubled in value, no?
Matt: when I said “even in this market,” please understand that I’m not part of the crowd that has been predicting a crash. Still, prices have clearly not been going up as astronomically in the last couple of years as they had been previously. If this apartment would have sold five years ago for $500,000 (assuming it’s in comparable condition to the apartment bought by “itiswhatitis”), it would easily be worth $1 million by now if prices hadn’t somewhat leveled off recently. Instead, it’s being offered at $819,000, which is probably more reasonable “in this market” … but I still predict that it will sell for over ask, unless there’s something terribly wrong with it that’s not evident from the listing.
So, Mr. B., keep track of this one! It will be interesting to see what it eventually sells for. (Anyone want to take any bets?)
Two words: Bidding War!
Why does this site always assume prices are too high?
there is also a 2 bedroom listed through corcoran on 2nd street between 5th and 6th listed for 895K so i also agree that this home will go closer for 900K.
Folks,
I live on the block, and one of the exact same apartments also on the first floor at 450 3rd st. has just gone into contract for $990,000. It did have a half bath, but the place is not in that great of condition.
I’m sorry, but this place will go for closer to $900,000.
More and more people who would normally just move to the suburbs don’t want to. They want to raise their kids in the city and this is driving up the cost of apartments like this that can comfortably (that’s relative) house four people. Also, these apartments can be 3 bedrooms. Yes, they are small, but the living space is good. They are wide apartments and the dining room is very generous.
Full disclosure: I live in one of them and bought five years ago at just over $500,000.
2:57-
I saw a 3 bedroom on that block the same day I saw this open house. Exact same apt, but configured differently. To be honest, I don’t remember the exact difference. I think the 3 br was not in quite as good condition. Same floor, same size, same (almost non-existant) outdoor space. Similar price.