Condo of the Day: 255 Eastern Parkway, #C16
We’re so bullish about Eastern Parkway in the long-term that we won’t make too much of the fact that this 1,438-square-foot apartment at 255 Eastern Parkway, which sold for $216,313 in 2003, is now on the market for $825,000. To be fair, that’s not a straight-up four-bagger; the three-bedroom place has gotten what appears to…
We’re so bullish about Eastern Parkway in the long-term that we won’t make too much of the fact that this 1,438-square-foot apartment at 255 Eastern Parkway, which sold for $216,313 in 2003, is now on the market for $825,000. To be fair, that’s not a straight-up four-bagger; the three-bedroom place has gotten what appears to be a top-notch renovation in the meantime. The only thing we can find to complain about is the choice of kitchen counter top surface. The combined monthly charges are a very reasonable $836. There was an open house yesterday. Anyone go?
255 Eastern Parkway [Corcoran] GMAP P*Shark
11217, are you sure that is not high for a condo, as opposed to a co-op? I think it is, especially in CH.
And your claim that you will pay more to rent a similar place than to own this is dubious at best.
You are assuming that it will cost you less than about $3K (rent minus the common costs) to finance this place, plus put 20% down in cash that could be earning money for you.
Not going to happen, even with the tax break for the mortgage.
Househunt said: “There are comparably sized apartments in Carroll Gardens and Cobble Hill that cost the same per sq ft.”
That’s crazy talk.
Find me a listing, please. If there were any 1,450 sf 3 br/2ba apts. in those neighborhoods for 825k in the last 4 years, I must have missed them. And I was looking pretty closely.
Ontheparkway- I honestly don’t know the owner/occupant ratio for the building although I believe that many original renters bought when it was coverted and still live there; this is only from what I’ve gleaned in passing conversation w/ the owner.
househunt,
I’m not sure why you think the common areas are not well-maintained. I know this building well and it is gorgeous and very clean inside. The gardens are immaculate.
pclem: I wonder if you witnessed my husband’s mugging in early April? It was near the S overpass on EP.
No, it doesn’t have to need spelled out any more than you already did. He’s talking about those with a certain amount of money, not their race.I’m not oblivious to Polemicist’s previous controversial comments. But I’ve read your comments before plenty of times too, and I maintain your comment says something about you, not him. You are the one inserting race.
dittoburg, guess things have to be spelled more clearly:
“read: upper-class whites” was a comment on Polemicist’s rant, indicating MY opinion that THAT was where HIS sensibilities lay.
No way can one read anything about my anti- (or pro-) white feelings into that.
Pclem, but the farmer’s market is just down the way, the brooklyn museum is right there, and the great botanical gardens (free on weds?) are a stone’s throw. If you are diurnal you should be ok.
Mr. B has salvaged marble countertops if I remember correctly.
$836 a month for a 1400 sf apartment in a doorman building in brooklyn is not high.