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This second-floor two-bedroom at 145 Park Place in Park Slope is looking like a pretty good deal to us after a reduction last month brought the asking price down to $695,000. The only major thing working against the 1,360-square-foot pad (assuming you like the new condo look) is that the second bedroom is windowless, hence its technically being referred to as a home office. Otherwise, this seems pretty compelling on a price-per-square-foot basis, no?
145 Park Place, #2G [Stribling] GMAP P*Shark



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  1. tybur6: i don’t know what you think people pay in rent, but if you are married and have a kid and don’t want to live in some small walk-up, it’s a lot!

    we had a rental in a doorman building in 2006. small kitchen, unrenovated kitchen and bath. and pre-war, but not in a good way. it was $4600. (manhattan) it was temporary, so we didn’t have a great choice. but, seriously, do a google search for a similar hood. include: wall thru A/c as a minimum, laundry in apt, outdoor space and over 1300 sq feet. brand new. upscale kitchen and bath. etc… then write again.

    a new place with laundry and all that minus your tax deduction, isn’t bad at all.

    rents go up up up. over time, your mortgage payment will be equal or lower.

    throw in doing what you want to the place, and owning is fine.

  2. So… who’s gonna pony up $4300 a month for this amazing place. Seems worth every penny.

    You need to make $80,000 simply to cover your housing expenses to live in this magnificent abode (take home pay). And i suppose another $80,000 to live the life that’s expected of someone living off of Flatbush Avenue.

  3. nice finishes, high ceilings, and a fair amt of space. you’ll see this price for 1000 sq ft places with no outdoor area.

    this needs an architect to swing by and come up with a solution to create a second bd. i’d lean toward the area next to the current bedrm. because that room has the door to the balcony, would make that the master and give the kid(s) what is currently labeled as the master. room enough in there for kid furniture and an arts and crafts table and toys. add a ton of shelves/cabinets and you have all the kid stuff stored away and a play area.

    the area in the front foyer could be used as an office – add a built-in desk along the wall and again add additional shelves and cabinets for storage. no reason not to take advantage of the high ceilings.

    i looked at this bldg multiple times when i was buying, and it’s nicer than some of the comments make it out to be. it’s an elevator bldg with services. at that time, i thought it was over priced, i really wanted central air, and needed 2000 sq feet + outdoor space. the only apts that came close were simply too much $$. there was a decent 1800 sq foot place, but no outdoor space.

    anyway, this looks ok to me. I’m going say that they’ll get close to list.

  4. > According to the listing, that $457 tax *does* include a j51 tax abatement.

    I believe that’s true. I looked at a 2BR here with a friend about a year ago, and the monthly taxes on it were about $900.

    Yes, over $10,000/year just in taxes!

  5. Taxes are high because this was a J-51 not 421A. Building used to be a church and developer gut renovated it and added new bulk to reach the current height. Interestingly the early buyers had to pay full taxes (for more than a year) of over 10k average since it took for ever to get the J-51 benefits. Since the “new construction” got no benefits the renovated portion was spread over the entire structure leaving a very substantial residual tax liability. These benefits only run 10.8 years, so look at other new construction if you plan to live in your purchase a substantial period of time. Most new 421A jobs will give you only a 1k +/- tax liability for a greater length of time. Good luck to all!

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