Condo of the Day: 150 Ocean Parkway
While the design of this 2003 condo building at 150 Ocean Parkway isn’t likely to get potential buyers too excited, we think the developer deserves credit for lining up the facades and rooflines. Respect for surrounding buildings is a rare thing in this development climate! That doesn’t mean that the price on this resale one-bedroom…
While the design of this 2003 condo building at 150 Ocean Parkway isn’t likely to get potential buyers too excited, we think the developer deserves credit for lining up the facades and rooflines. Respect for surrounding buildings is a rare thing in this development climate! That doesn’t mean that the price on this resale one-bedroom is a good one, though. The 630-square-footer is asking $349,000, or well over $500 a foot. According to PropertyShark, only one other unit has sold in that range, and it was back in 2006. Think this has a chance?
150 Ocean Parkway [Orrichio-Anderson] GMAP P*Shark
constant turnover at this building. we were looking last spring and saw at least four units available here at the same time.
The windows in front look to be large, those kinds of multi-paned loft warehouse style windows. Maybe this unit isn’t in the front?
The lobby is nicely done. Someone did make an effort here.
I have no idea about price. But condos do cost more b/c they are more valuable as a property b/c you own your own unit fully as an individual, unlike a coop where legally you don’t own YOUR unit, you own a share in the building. And on top of it, a condo’s monthly carrying costs are lower. And with a condo you don’t have to go through coop approval to buy, neither when you are selling, which if you own a coop is a huge anxiety your buyer won’t be approved. Also this building has central AC and heat, which none of the nearby coops have.
Just pointing out those factors because they are quite meaningful to buyers.
This building doesn’t look new to me; where is the ADA accessible entrance? I see stairs up to the entrance….
It’s time Mr. Brownstoner broke out the Mr. Bubble.
Its time mr. Brownstoner gets out of his blog bubble.
Maybe if this were a super-nice 1BR it *might* get this. But the whole apt only has 2 windows! And the one in the bedroo is TINY. And it appears to be on the 1st floor. No way man, low carry or no, this is just too expensive for what it is.
2:12 – your friend most likely bought a coop though and probably with a lot higher common charges. This apartment has a very low carry. It may still be overpriced but to be fair you need to look at the total cost to carry this apartment as compared to your friend’s apartment’s total cost to carry as well to give an accurate assessment. (sorry its a big pet peeve of mine on this site where you see people bash a condo’s ask saying prices are much lower in the area but they are actually thinking of coop prices which generally have much higher common charges).
I agree with 2:12. And what is with Orrichio-Anderson trying to list at these high prices? They are the same broker that listed the $574K apt on PPSW:
http://bstoner.wpengine.com/brownstoner/archives/2008/01/coop_of_the_day_92.php
Neither are going to get those prices. They are not prime areas
This is also one of the few condos along OP.