Co-op of the Day: 431 7th Street
A reader who lives on this block of 7th Street between 6th and 7th Avenues sent this duplex co-op listing in disbelief. “I live on this block and paid waaaaaaay less for what I have,” he writes. “Are these prices crazy?” Of course, he neglects to say when he bought his place, so who knows….
A reader who lives on this block of 7th Street between 6th and 7th Avenues sent this duplex co-op listing in disbelief. “I live on this block and paid waaaaaaay less for what I have,” he writes. “Are these prices crazy?” Of course, he neglects to say when he bought his place, so who knows. As for this duplex today? We have a hard time seeing how someone’s gonna pay $1.8 million for a 3-bedroom walk-up in a 3-unit co-op. But, then again, according to Property Shark, this apartment traded at $1.5 million in June 2005, so there’s some basis for the price. What do readers think? Crazy? Or just so crazy it might work?
Best Duplex in Park Slope [Brown Harris Stevens] GMAP P*Shark
I’ve been a guest in this co-op and I feel it is so far superior to any of the new construction going up in less desirable Park Slope locations. The apartment feels like a home and is for sure at least the 2200 sq ft. The roof deck is great. And it has been completely renovated in the very best way, so, that must be worth at least $500K.
When I lived on the block over ten years ago (in my cold apt) the people on the block (that I knew) were teachers and government employees and Legal Aid lawyers. Middle class but not wealthy. The kind of people who can’t afford to buy in Park Slope anymore. But I don’t know what counts as “regular folks.”
Drunkenfool: I’m not the one trying to justify these insane prices. I mean, if location, amenities and “neighbors” are part of the justification, what is? By all means, keep coming and spending, the regular folks I know are enjoying the present and future windfalls that await them.
What makes you think that ‘wall street bonus spenders’ don’t want to live next to regular folks or aren’t regular folks for that matter. Blogger please! Get your head out of your moveon.org ass. So tired.
We live on the block and hope the buyers will be as terrific as the sellers. We also will encourage them to have friendly dogs.
Just an aside on the location/quality of people line that gets bandied about so much.
If we can assume that even 10 years ago, a place like this would have gone for less than half of the current ask, and assume that many residents on these streets have been living there from a time when these places were affordable to working class people, how can our new $1.8 Million buyer be so sure that he’s getting the kind of neighbors his price tag would indicate? I mean, chances are, like several families I know in the slope, they bought in the early ’80s for less than 200K, worked blue collar jobs, and still live in the hood. A hood they’d never be able to rent in these days but in which they are in fact owners. It seems to me that a side effect of these skyrocketing prices we’ve seen over the last (whenever) means that many of our wall street bonus spenders might find themselves living next to some pretty regular folks. Just pointing it out for those so sure of the location/people/$$ formula.
We had the opposite problem in our brownstone co-op with heat. The top floor had to turn its thermostate all the way up in order for the 1st and 2nd floor apartments to not use additional space heaters.
Insulation is key in these drafty old buildings, no matter how nicely renovated they are. Make sure windows don’t have drafts, and hang heavy curtains on windows in Winter to pull close at night, which makes an apartment surprisingly warmer.
“total douchebag. Shut the F%#! up already”
and we should be listening to someone with comments like the above why exactly???
LOL.
anon 12:13, every time you respond by saying “your comment is so ridiculous that you completely lose credibility after that.”, it shows that you are a total douchebag. Shut the F%#! up already