Condo of the Day: 675 Sackett Street, #405
This 1,400-square-foot condo at 675 Sackett Street in Park Slope traded for $1,100,000 back in 2006 and is now back on the market with an asking price of $1,250,000. We don’t care much for the exterior of the building but the interior of this two-bedroom apartment looks quite nice. The private terrace is nothing to…
This 1,400-square-foot condo at 675 Sackett Street in Park Slope traded for $1,100,000 back in 2006 and is now back on the market with an asking price of $1,250,000. We don’t care much for the exterior of the building but the interior of this two-bedroom apartment looks quite nice. The private terrace is nothing to sniff at either. Since the building has only been around since 2004, the common charges are still quite low too.
675 Sackett Street, #405 [Douglas Elliman] GMAP P*Shark
Based on the floorplan, I would say this place is closer to 1200sf, which pushes the price to $1000+/sf.
Seems a trifle ambitious for a spot right off 4th Ave.
Sorry if this dblposts — it’s been a half hour and the original hasn’t shown:
Nice place, but here’s what I don’t get about places like this in the current market — and feel free to school me…
I rent (I sold my place in the EV two years ago) a renovated 1400 sq ft two bedroom duplex with a huge backyard and basement (storage and w/d) in Boerum Hill on Dean Street btw Bond and Hoyt — arguably the same “level” of ‘hood if not more desireable than being off 4th Ave. I pay $3700, which I don’t consider a deal in the least, it’s market give or take $100 for the area — but it’s a lot cheaper than buying this apt for 1.25… In fact, if you use the NYT’s rent vs buy calculator (http://www.nytimes.com/interactive/business/buy-rent-calculator.html) it is NEVER better to buy this apt then rent my current one. I want to and will buy, I like the stable feeling of owning a place. But at prices like these vs what’s available at rents — market rents — like mine, I can’t see a reason to haul my ass off the couch on Sundays and look at open houses.
I am wondering if the floor plan is off here, or counts the thickness of the walls, because they claim the bedroom is 11 feet wide, yet, it looks like it is not that much wider than then bed which is probably about 6.5 wide wide. Same with the living room. My living room is around 13 feet wide and while I don’t have a giant wall unit, I have a lot more space for the couch, etc. horizontally in the room. To me the rooms look very long and narrow. Now, I’ve never been in the place and it could be the fault of the camera lens used, but …..
As for the price, I’m not in that market so I can’t say, but I think those properties went for about 800K when the building was built and I remember thinking at the time that anyone buying on Sackett between 4th & 5th for that had to be crazy. Its just not a very nice block – in terms of the way it looks.
But then again, these apartments look much nicer than a lot of the stuff that was built in worse locations in the next few years as the boom really took off.
One last word on this, I do think the building’s exterior is very handsome. Very nicely designed. I like the fenestration pattern, the decorative work at the cornice, the formal entry.
Very nice, though I have not seen it in person.
Me, I would just love to know who is it that’s always offering an appraisal 25% above ask, and what his/her/its rationale is for such an appraisal. Besides annoying the beep out of many others who offer appraisals. Hey, B’Stoner, any way to track appraisals and IDs? Not trying to get police state here, but, you know, just to get educated…
And you probably also meant the WESTern boundary.
I like the 4th ave boundary because it makes sense on the map. It draws a straight line to the Atlantic Station intersection. A clean rectangle with a triangle on top.
Minard, we are clearly of the same mind on this one!! Still can’t figure out how 4th Avenue is considered the same neighborhood as PPW.
… sorry, meant to say I consider the eastern boundary to be 5th Ave. rather than the new expanded conventional wisdom of 4th Ave.
“And it’s broken up into 3 areas… North (above union); Central (Union to 9th); and South (9th to 15th)”
To me, what defines Park Slope is the Park. These blocks are so far from the Park that I think they should be referred to as “Park Slope West”.
Of course Fourth Avenue was always considered the heart of Gowanus, but neighborhood names change.