Co-op of the Day: One-Bedroom Loft in the Ex-Lax Building in Boerum Hill
Before us today is a one-bedroom loft at 423 Atlantic Avenue in Boerum Hill, known to some as the Ex-Lax Building. As you’d want from a loft in a converted industrial building, it’s got high ceilings and large open spaces, which can be yours for $845,000. There’s a single bedroom, generous at 15 by 11…
Before us today is a one-bedroom loft at 423 Atlantic Avenue in Boerum Hill, known to some as the Ex-Lax Building. As you’d want from a loft in a converted industrial building, it’s got high ceilings and large open spaces, which can be yours for $845,000.
There’s a single bedroom, generous at 15 by 11 feet. The rest of it is open — a large living/dining space with a wall of built-in shelves and cabinets, and a walk-in storage closet in one corner. Light comes only from one end, but windows are oversized, and we’re partial to those arched ones at the top.
It’s on the second floor, and fronts onto Atlantic Avenue, so presumably those windows let in a certain amount of noise along with the sun.
There’s an open kitchen at the rear. It may need an upgrade — or may not. There’s no photo, so it’s a mystery. Same goes for the single bathroom. Everything pictured looks to be in good shape though.
The building, which holds 57 units, has a roof deck, a live-in super and a laundry room. Pets are allowed with permission, says the listing, from Brown Harris Stevens broker Les Lopes. Maintenance and common charges come to $968 a month.
Think it will move at this price? What’s your read on the place?
423 Atlantic Avenue, #2N [Brown Harris Stevens] GMAP
Photos by Brown Harris Stevens; exterior shot by Christopher Bride for PropertyShark
The reason apartments like this – and it’s a perfectly fine, desirable apartment – list for over $1000 per square foot is because there is a complete lack of new condos coming on the market in the foreseeable future. Other than The Boerum – which is a high priced development – there is nothing other than rentals being built. Banks are still reluctant to fund large condo developments because they’re still uncertain about the future of the economy.
Spacious rooms but you need window AC and this is on the second floor overlooking Atlantic Ave. which is a noisy place.
What a boring apartment, especially with all those bare bookshelves. I know folks will say they’d rather live in Brooklyn, but when prices for a mediocre 1 bedroom apartment are this high($1000 psf), I think Manhattan makes more sense.