Co-op of the Day: 81 Ocean Parkway
Why are sponsors so consistently incapable of doing a sensitive renovation? A coat of white paint, a few gallons of polyurethane and a Home Depot kitchen and they’re done. At least in the case of this three-bedroom, two-bathroom place at 81 Ocean Parkway in Kensington the apartment had some good bones that even a sponsor…
Why are sponsors so consistently incapable of doing a sensitive renovation? A coat of white paint, a few gallons of polyurethane and a Home Depot kitchen and they’re done. At least in the case of this three-bedroom, two-bathroom place at 81 Ocean Parkway in Kensington the apartment had some good bones that even a sponsor couldn’t mess up. And given the asking price of $575,000 (and low monthly maintenance of $743), we bet buyers will be willing to swallow that eyesore of a kitchen.
81 Ocean Parkway [Brooklyn Properties] GMAP P*Shark
Very noisy stretch of OP. If the apt faces the front, you have that problem. If it faces the back, there is the construction site.
The problem is that its sort of in an out-of-the-way spot. There are no decent stores or anything close by except a commerce bank.
Plus, its right at the beginning of ocean parkway so theres a lot of traffic at all hrs.
$743 per month is not low. That’s what the coop maintenance would be in a Park Slope brownstone coop, just to put it in context.
The brownstone coops are much older and there are fewer units in them. It doesn’t make sense this building’s maintenance should be so high.
I’ve been shopping for a one-bed in that nabe, and maintenance seems to be around $500- 600 for one beds in the OP co-ops. So $743 for a three bed doesn’t seem soooo out of line.
Anyone with families live around there — is there anything to do???
This apartment has been sitting around for an eternity, so evidently people aren’t willing to swallow that asking price. It may have taken a cut recently, but even so I think it’s overpriced.
Also, depending where it’s facing, it could look out onto a giant empty lot that is clearly about to be developed – the residents of this building have been fighting to get the developer to leave a 16′ breezeway between this and the new building. If he doesn’t agree, I guess he might build it flush up against it? That’s what he did with his development across the street – but I don’t know if there had previously been a building on that lot, so perhaps no windows were blocked. Even if your windows weren’t blocked, though, looking out on a huge construction project for 2 years would be pretty lame. So perhaps that’s why this isn’t moving.
What’s the square footage, I wonder what the price per square foot is. These buildings on OP tend to have big rooms and if it’s a real 3 bed, then we could assume 1300 square feet? If so it’s about $440 / square foot. That seems about right for the area.
This apartment and another one that looks nearly identical in the same building have been on the market for months- originally at $599. They look like a good amount of space for the money to me. I wonder why they aren’t moving. I wonder what others think the right price would be? What would you buy it for?
The maint. actually seems a little high given the price of the apartment and the neighborhood. Maybe if it were $643/month.
You want me to spend $600K to live in a bland, characterless apartment in Kensington? You’ve gotta be kidding.