Condo of the Day: 56 Bergen Street FSBO
Most of the FSBO listings we’ve looked at recently have done a good job at making up for their publicity disadvantage by outdoing the brokerage firms on presentation. Not so today’s FSBO, a, 850-square-foot two-bedroom at 56 Bergen Street in Cobble Hill. The listing boasts of big renovations done last year, but, frankly, the quality…
Most of the FSBO listings we’ve looked at recently have done a good job at making up for their publicity disadvantage by outdoing the brokerage firms on presentation. Not so today’s FSBO, a, 850-square-foot two-bedroom at 56 Bergen Street in Cobble Hill. The listing boasts of big renovations done last year, but, frankly, the quality of the photos is so bad it’s hard to get much of a feel for them. The most compelling part of the listing (and, coincidentally, the best photographed) is the 265-square-foot canopied deck, which looks inviting indeed. Price tag? $797,000. You buying it? There was an open house yesterday, and there will be another one on December 7 from 1 to 3 p.m.
56 Bergen Street, #2 [NYT/FSBO] GMAP P*Shark
The floorplan for that Corcoran listing is very unappealing to me — and the kitchen looks gross in the photos. The second bedroom is tiny and I really don’t believe the square footage claim, considering that the building is listed on ProeprtyShark as being 19′ x 50′ — they must have been including the roof deck. And I agree, a terrace off one’s apartment is nicer than a walk up two flights to a roof deck (on a roof with other decks).
I don’t know miss muffett – I think bergen apt is more interesting – roof deck doesn’t compare to a big outdoor room that is right off the kitchen with a wall of windows – that makes it really usable and basically from april-oct it’s an extra room. you just can’t use a roof deck like that. Plus many people would consider this a much better location than park slope.
Well I think a lot of people would consider this a better location than the henry street house since it’s closer to the subways in downtown and firmly in cobble hill rather than in 2nd fiddle carroll gardens. Plus people do pay a premium for outdoor space so it should be more than the henry st. apt which after all is pretty generic. Bergen is actually quite nice btw court and smith, lots of beautifully restored houses – just kind of a thruway. since NO ONE seems to be buying right now, I’m sure they will have to bring price down substantially.
Here’s that Corcoran listing for 1150 sf 2BR/1BA PS 321 apt with huge roof deck:
http://corcoran.com/property/listing.aspx?Region=NYC&ListingID=1416022
It just went into contract which is probably why you could not find.
In any event, I’ve seen other listings that are WAY better than this one, for less money. Don’t have time to list them all now, but really, these owners should do their homework, esp in a declining market.
Or Henry St. is a real bargain (which I think it is).
Yet, Bergen St. altho not prettiest of block is more prime and more expensive of location. ALso monthly fixed charge is much higher on Henry st (because of underlying debt on a coop).
Big problem now is no buyers (or very few) so those that need to sell end up at bargain basement prices.
Market is at relative standstill because of eceomic ‘crisis’. It has everyone too anxious to make move. So I see why Henry St keeps reducing to more than reasonable price and gets little notice. Who knows how long will last.
BrooklynSteve – I totally understand why people want outdoor space. It’s just not that interesting to me. If I’m going to be outside, I’d rather be walking and seeing stuff than sitting in a backyard. I can always accomplish the latter by going to any of the zillion restaurants in my area with an outdoor patio.
Or to put it another way: I’d be happy to have a nice backyard, but I wouldn’t pay any extra for it. Obviously one as nice as this listing has is a significant contributing factor in the cost of the house. So I’d consider the same space with no back yard and a price reduction to be a better deal for me.
Curious- on a price per sq ft do people value outdoor space at…..
I would assume less then interior space but at what kind of discount 50%, 75% anyone have an opinion
Ok! Let’s revisit Friday’s post about not being able to sell a simillar 2 bed on Henry Street 475K http://bstoner.wpengine.com/forum/archives/2008/11/advice_for_a_fr.php
One is a co-op in what I think is a better location (Henry), almost identical square footage. That strech of Bergen is a fugly street but the condo is more modern and has outdoor space.
I know condos generally fetch 20% more, but the price difference here is huge.
I am no expert but the Bergen Street condo seems really overprice by comparison.
Ok! Let’s revisit Friday’s post about not being able to sell a simillar 2 bed on Henry Street 475K http://bstoner.wpengine.com/forum/archives/2008/11/advice_for_a_fr.php
One is a co-op in what I think is a better location (Henry), almost identical square footage. That strech of Bergen is a fugly street but the condo is more modern and has outdoor space.
I know condos generally fetch 20% more, but the price difference here is huge.
I am no expert but the Bergen Street condo seems really overprice by comparison.