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
I have always wondered why there are north/south divisions in Park Slope (i.e., north, central and south) but never any east/west designations. I know that 4th Ave is considered by many to be the east border of Park Slope but to me there is greater difference between on the same street between 4th and 5th Ave relative to the same street between 5th and 6th Ave than say 1st Street between 7th and 8th and 11th street between 7th and 8th. Any realtors out there that can explain?
As a result, I personally consider 5th ave to be the eastern boundary even though I know people have expanded the area to 4th Ave and this is now the accepted norm.
A 42″ LCD Sharp flat screen will run you about $499 nowadays.
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.
Finishes seem nice, terrace is great, but this is one of the worst floor plans I’ve ever seen. Half the apartment is a master suite. There is one closet in the whole place outside of the master bedroom.
Check out that photo of the second bedroom. The crib is in front of the door! Where could you possibly put a real bed in that bedroom?
tybur6 – my url was totally wrong. Here is one for Greenpoint (where they have been giving out a 25 year 421a abatement). No idea if this is current or if the lottery is still open, but just to illustrate the income maximums, its $35K for studios and goes up incrementally, $58K for 4-bedroom.
http://www.nyc.gov/html/dcp/pdf/greenpointwill/incl_housing_web.pdf
what? really? one can expect to get more than this for $1.25M?
People used to have art work on the walls of their homes. Now it’s a TV screen. Whoopee! Nothing like making American Idol the focal point of your apartment.
Yes, I think the consensus is that Park Slope now extends to Fourth Avenue.
I’ve never cared for this building, though this apartment looks quite nice. But these folks essentially bought at the top of the market, and will now be lucky to break even.
tybur6,
They qualify for the 421a by making 20% of the units ‘affordable housing’. Sometimes the definition is a bit laughable, but I have a co-worker who won a lottery through nyc.gov/finance (think that is where it gets posted) and he lives in a sweet new building in Tribeca for around $650 per month. I don’t know the exact rules but basically you have to be somewhere between federal poverty level ($29K for a family of 4?? think I read this week in an article on health care reform) and capped at annual salaries in the 40s.