Co-op of the Year? 35 Prospect Park West
Whoa! Several readers emailed this new listing at 35 Prospect Park West to us yesterday, and with good reason. If the nine-room co-op ends up fetching anywhere near its asking price of $6,500,000, it’ll roughly double the highest price we’re aware of a co-op in Brooklyn ever going for. This could do it, too. We’re…
Whoa! Several readers emailed this new listing at 35 Prospect Park West to us yesterday, and with good reason. If the nine-room co-op ends up fetching anywhere near its asking price of $6,500,000, it’ll roughly double the highest price we’re aware of a co-op in Brooklyn ever going for. This could do it, too. We’re talking about 3,500 square feet of interior space over two floor in one of the (if not the) best prewar apartment buildings in Park Slope; throw in another 2,300 square feet of wrap-around terrace space and you’re looking at a pretty killer pad. As for the price, this is one of those unique places that defies comps and simply hinges on the question of whether the right super-rich person will walk in the door and fall in love. Note: This is a co-exclusive between Corcoran and Brown Harris Stevens.
35 Prospect Park West Penthouse. [Corcoran] GMAP P*Shark
35 Prospect Park West Penthouse. [Brown Harris Stevens]
I know of no neighborhood in Manhattan, 96th street or below that per sq ft (on comparable apartments) is cheaper then Brownstone Brooklyn. I am sure you can find an apartment or 2 but overall Manhattan is, was and likely will remain more expensive. And if I was buying single apartments as a hedge against a falling NYC housing market, I’d personally sooner invest in Manhattan – But as I also said I bought a home, not an investment.
That is not a knock on Brooklyn, its just the reality of NYC. And while you are correct Brooklyn could go alot higher, it could also go alot lower – who knows (which is what I said earlier). My only point is that in today’s market this apartment is overpriced and no amount of (unnecessary and pointless) Brooklyn cheerleading is going to change that. BTW – I believe I said the 3br (walk-up_) apartment in Park Slope that was featured the other day on Brownstoner (@1M) was under-priced, so its not a knock on Brooklyn or PS at all.
all of my friends but one have also moved to brooklyn in the last 2 years.
i made the move myself about 6 months ago and don’t think i’ll ever move back to manhattan.
brooklyn is terrific on so many levels.
7:35 PM, if all your friends are moving to Brooklyn, you’re moving in the wrong circles.
David,
Everyone I know is moving from Manhattan to Brooklyn. In part, because it is cheaper, but also because that is where all their friends are and because it has a charm that Manhattan lacks. Brooklyn is already comparable in price to some Manhattan neighborhoods. It may never be as expensive as the best Manhattan neighborhoods, but there is still a lot of room for this market to go up.
The interiors are straight out of “Moonstruck”! Brooklyn, I love it!
Saw the apartment the other day and the listing price is a joke. There’s tons of work to be done—it hasn’t been touched in probably 30 years—and the layout is junky, as are the floors, walls and windows. Even the views aren’t that great, as it isn’t facing the park. I have no idea what it will get, but it isn’t worth more than 3.5 or so.
When is the open house??
the other place on ppw just highlighted here a couple weeks ago sold north of 3 million. maybe 3.2 or something.
this place is a whole different ballgame and about twice the size. not to mention that this is a penthouse with views like you wouldn’t believe, i’m guessing…
To 3:55,
You prediction sounds like a reasonable price, but I doubt that they Sellers will be willing to take a cut of half of the asking price. They probably wouldn’t even consider selling less than 5 million. If you have an asking price in mind it is mighty tough to eat a 10 reduction in purchase price, much less than 50%.