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
Shock – Corcoran releases another grossly overpriced Park Slope listing…hoping to lure some 26 year old sucker with a bonus check in off the streets of Tribeca. Unfortunately, there simply aren’t as many out there this year. Most are hoarding their cash and/or getting paid in stock. This won’t sell above $1m.
Once NYC Finance sees you bought the place for over 1 mil, I assure you the “Unabated” taxes of $160/ month will shoot up to the moon.
Yet another way overpriced coop that is going to sit on the market for months. Obviously not a seller who cares about actually selling in 2008. Either that, or yet another broker who promised the moon to get a listing.
No one with this kind of money is stupid enough to spend over $1000 per square foot for a not particularly nice co-op in the middle of Park Slope (though 3rd is a nice couple of blocks). The low maintenance cost doesn’t change this simple fact.
If you pay over a million dollars for an apartment in Brooklyn and you only have one bathroom then you are insane!
new condos are not going to hold their value well as they age, 12:53.
especially as the market takes a tumble.
people in condos are going to be the first to try to unload or rent out and a lot of the newer condo buildings are going to suffer in quality.
co-ops have stood the test of time in nyc over the long run (saved our ASSES) from the credit crisis) and i think we will continue to see that as the next couple years unfold.
there is a reason they exist and we now are starting to see why.
we haven’t deleted anything…post again, 12:48, we’re all ears.
yuck. these little room, cramped, no central a/c, no storage, no laundry walk-ups are sheer misery at any price. plus, crap kitchen/bath…. triple yuck.
buy a new condo with the bells and whistles and add the damn moldings.
save a bundle and live better..
yuck yuck yuck
maintenance and taxes are $560 a month!!
that is a BARGAIN and i believe makes up for the higher price tag.
most units this size are 1000 bucks a month or so.
does anyone know why my comment about wondering about the future of real estate blogs (as the economy and housing market seem to be tanking) would be deleted?