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
I wouldn’t be surprised if this went for over the asking price, even in this market. It’s in a great building on a prime block in a coveted school district, and offers direct access to semi-private outdoor space. For a family intending to stay put for awhile, it wouldn’t even matter if the market settles for awhile. This will more than hold its value in the long run.
“But when considering an apartment, the primary concern is – how many people can live here?”
while this may be true in your case, the issue of how many people is not the primary concern for all new york city residents.
most here have only one or two children as it is in which case this apartment would be more than suitable by nyc standards in terms of size.
to make such a generalization that everyone’s number one concern is squeezing in as many people as possible is….well…so ignorant.
sorry, but it is.
True, this has a dining room as the 5th room most 2 beds do not have.
But when considering an apartment, the primary concern is – how many people can live here?
You can have one child in this 800k+ apt with a dining room, or you can have one child in a 600k apt without one. It’s just not worth it relative to what else is out there.
BTW, this is on the first floor (I saw it a couple of weeks ago), so it’s not really a schlep up. The outdoor “space” is about a 5 foot deep walkway along the back of the building.
you can’t just compare this place to any other 2 bedroom in park slope. it’s on 3rd street people. it’s one of the most prime blocks in brooklyn…just like central park west or 5th avenue.
come on, you should all know that certain above average blocks can command higher asking prices.
Sorry, meant to say about “Is it really 200K MORE than other PS two bedrooms”
Is it really 200K less than other PS two bedrooms? Seems like the two-bedroom listing I see for PS are all four room apartments — ie, two BRs, kitchen and living room. This apartment has five full rooms.
As for this size apartment costing twice as much on the UWS — I don’t think so. A friend recently bought a much larger 6 room apartment on the UWS for 1.4 mill. with a good neighborhood school. I’m sure the average price per sq. ft. on the UWS is higher than PS, but not by a whole lot.
you buy and sell apartments all the time but you think a 2 bedroom on 3rd street in park slope should cost 400K?
you’re not as crazy as i thought, then.
you simply have not come into the 21st century.
anon 1:03
It sounds like you are the one out of the real estate market.
I have been buying and selling apartments longer than I would like to admit. I have been through many cycles.
This stuff doesn’t just go up -y’know?
I sense we are right on the top of the roller coaster now. This is experience talking, not hubris.