Condo of the Day: 409 3rd Street
Third Street in Park Slope, with its width and grand houses, is certainly an impressive stretch. That doesn’t mean, however, that an attractive, but far from spectacular, floor-through apartment will be able to fetch $1,000 a foot. The second-floor apartment at 409 3rd Street, which is asking $1,199,000, has some nice prewar charm, to be…
Third Street in Park Slope, with its width and grand houses, is certainly an impressive stretch. That doesn’t mean, however, that an attractive, but far from spectacular, floor-through apartment will be able to fetch $1,000 a foot. The second-floor apartment at 409 3rd Street, which is asking $1,199,000, has some nice prewar charm, to be sure, but the bathroom and kitchen are definitely a little tired and the layout feels like a cluttered maze of little rooms to us. The broker’s use of gross square footage to hype the place rubs us the wrong way as well. (He states a gross square footage of 1,337; PropertyShark uses the figure of 1,098. After all, you can’t sleep in the common hallway!) We think they’ll be lucky to get $1,050,000.
409 3rd Street [Corcoran] GMAP P*Shark
I am 1:44 – not 1:48. Not owner or realtor. Owned a similar sized P.S. coop (rooms were removated into different places in mine.) Sold last year. Demand was HUGE. I should have asked way higher than I did (I was looking to sell fast, not at highest possible price weeks later.) Most brownstone apartments are much smaller, being made from single family homes, so less deep. Looked at a lot of ’em when buying, so I know how nice it is to find a big one.
I didn’t say they’d get the asking price – but somewhere around a million.
Thank you, 2:00. Some actual facts are nice every once in a while.
Hope people are able to find them amongst all the other crappy posts on here about how horribly overpriced this place is.
YAWN.
It will sell despite your bitter words, folks. Near asking price as most of the properties on here do despite your constant bitching.
how much would this dump be in Manhattan, Kansas?
For all those readers out there that ruthlessly bash new-build condos – this apartment is your answer. You want to live in a brownstone because it has ‘charm’? Well, here it is, with the single bathroom, the narrow rooms, the walkup, the whole works. This is what you all think is so great? The emperor has no clothes.
I sold my apartment in Park Slope for north of 1000 psf. I know you don’t want to believe it, but it has happened. And I’m certainly not the only one.
My neighbor just sold her 800 sf 2 bedroom for 849K so it happens. You just don’t want to let it inside that thick head of yours.
Check out http://www.vermeilcondominums if you want to see how much new condo construction costs in Park Slope these days.
I’d take this place on 3rd over the Vermeil any day of the week. “Bad” layout or not.
moreteasir –
In a brownstone apartment that hasn’t been gut rehabbed with separate boilers and hot water heaters, the maintenance OR common charges pay for:
1. heat
2. hot water
3. common areas electricity
4. water and sewer charges
5. repair and maintenance of common elements, like roof, facade, fire escapes, sidewalk, stoop, common hallway, heat and hot water equipment (if common) – all to the extent the building has the money and doesn’t need to do an assessment for a particular project
6. any jobs hired out – like common area cleaning, garbage removal
In a coop, they also pay for:
7. real estate taxes
8. insurance on the building (coop owners buy only quite cheap renter-type insurance on their belongings and any fixtures added since conversion, like new kitchen cabinets)
9. plumbing and electrical mishaps that happen inside the walls
10. payments on the underlying mortage on a coop, if any, and
11. anything else the coop decides to pay for jointly.
$400 maintenance or common charges, or $560 with taxes, on a brownstone apartment, is really a very good deal – cheaper than maintaining a home, because you are sharing the maintenance costs with the other unit owners. Lived in one, so I know.
why cant we all get along?
I think 1:44 and 1:48 are the same person and that person is either the owner or the realtor. And you are high as a box kite if you think you’re getting that price.
Thank you 1:52. That is exactly what I was going to say.
-An UWS resident looking for a property in Bklyn