Co-op of the Day: 474 3rd Street (Revisited)
When we posted about this first-floor two-bedroom apartment at 474 3rd Street back in April, there was much disagreement among commenters about the asking price of $819,000. At that point, it had already been on the market for at least a couple of months. Well, it’s still on the market, but the listing has moved…
When we posted about this first-floor two-bedroom apartment at 474 3rd Street back in April, there was much disagreement among commenters about the asking price of $819,000. At that point, it had already been on the market for at least a couple of months. Well, it’s still on the market, but the listing has moved from Brown Harris Stevens to Corcoran and the price has been bumped up to $849,000 in the process. Guess we’ll see what the value of the Corcoran marketing machine truly is on this one!
474 3rd Street [Corcoran] GMAP P*Shark
Co-op of the Day: 474 3rd Street [Brownstoner]
who will live in that tiny second bedroom? not me. there are better deals out there.
I sense that people, especially affluent people, are begining to hang back a bit, fearing that they may be the last ones to buy high. The housing numbers from the region are weak, Brooklyn is an exception but how long until the slump hits here? And when it does the walk-ups will probably take the biggest hit.
It is a nice apartment, not a great apartment, the price is too aggressive. The realtor may be using it as a foil for other units priced in the same bracket in an elevator building or with more space.
I saw this place the first day they showed it. In my opinion it is overpriced. One bedroom is ok sized, while the second is quite small. The bath AND kitchen are both quite antedated and need some renovation. The yard is shared with all tenants, but is hardly large enough to fit a chair or two and not worth mention. COnsidering some recent viewings in the area I would say it’s not worth the asking price. Corcoran should have wisened up and lowered the asking price then, given the nice block and proximity to shops, it would have been a deal worth taking.
2:01 – what was the fsbo place like? 2bdrm too? did anyone else see it? 321 is certainly not worth $150k more than 107 if the ap’ts are similar.
The building is not 100% owner occupied. It doesn’t look work $849k -1.5 bedroom and 1 bath. I am not going to bother going to the open house. And what has changed in the last 4 months to list it higher?? Oh I forgot, there has been a lot of housing market news on the bubble bursting.
It’s the only apt in the building with a PRIVATE door to the COMMON garden. That sounds like having uninvited people in your yard all year. It’s also the probably the only apt in the building with the PRIVATE master bedroom windows abutting the COMMON garden. It sounds like it could be a potentially touchy situation if someone else wants to ‘barbeque to their hearts content’
if it was really good, they would have had a back up offer ready. the first floor is a drag too
It was in the 8’s in contract. The apartment is really good and the building is solid. The purchase fell through because the buyers failed to come up with the financing. This will go pretty quickly, a similar apartment with a roofdeck just went for upper 9’s.
Seems pretty cheap as another one of these a few doors down went for $990,000 a few weeks ago. http://propertyshark.com/mason/nyc/Reports/showsection.html?propkey=141604
I wonder if there are problems with the building’s finances? Or maybe that coop board is not so friendly.