Co-op of the Day: 75 Henry Street
We’ve heard of places fetching $1,200 a foot in Brooklyn Heights but not on Cadman Plaza! For some reason, someone (either the owner or the broker) thinks that this 800-square-foot post-war two bedroom will fetch $960,000. This makes no sense to us at all, especially when you can get what looks like a larger two-bedroom…
We’ve heard of places fetching $1,200 a foot in Brooklyn Heights but not on Cadman Plaza! For some reason, someone (either the owner or the broker) thinks that this 800-square-foot post-war two bedroom will fetch $960,000. This makes no sense to us at all, especially when you can get what looks like a larger two-bedroom on the top floor of a more attractive building on Orange Street for just a few bucks more. What’s up with that?
75 Cadman Plaza West [Century 21] GMAP P*Shark
I’m not sure about the price point, but I have a friend who has lived there for at least 10 years. It’s a very nice building. Full service. Garage underneath. Great views. Walk over the Brooklyn Bridge. Great subway access. Short ride to Manhattan. this is very much in Brooklyn Heights. Location is great and will only get better.
The price is insane.
But actually, these buildings are in good shape, the “transition” from ML to market happened a decade ago, and financially they’re sound.
They are ugly tho — no doubt. The funny thing is sometimes these 2 bedrooms, 2 baths with tiny terrace and killer views come on the market for 650-725k and they sell quickly. It’s a decent deal: pretty neighborhood, community room, underground parking available, PS8, nice space and if you’re into the mid-century vibe, you can work it in these units. The trade-off is the outside is super super ugly. I always ponder those listings and think I should cash out and just buy one of those. But for this price? Nuts.
This listing is exhibit 1 in my ongoing argument that asking prices have been driven to totally unreasonable levels by brokers’ competition over listings. This is almost as bad a Corcoran’s idiocy in Carroll Gardens.
seriously. how could anyone ever manage to live in anything other than a brownstone in ft greene?
“I know you’re not looking at the building when you’re living inside of it, but I gotta say, coming home to that ugliness everyday would have to wear on you after a while…”
About 200 million americans come home to aluminum clad boxes with peeling paint and moldy patios in the burbs. They are, in my opinion far more hideous.
Americans have zero taste.
I know you’re not looking at the building when you’re living inside of it, but I gotta say, coming home to that ugliness everyday would have to wear on you after a while…
They’re off their rockers with the price (by at least a couple hundred thousand) but so is anyone who thinks it would cost $200K to renovate ANY 800sf co-op apartment. By the way, the Orange Street property is also overpriced for this market – I’d say that’s a mid $800K kind of apartment.
Need another 200k to reno, get rid of the wallpaper, re-do the ‘chef’s’ kitchen, and I can imagine what the bathrooms look like. The board’s probably in turmoil anyway with the transition–Lord knows what it would take to get renovations done.
I’d offer 450k.
My grandmother still has furniture that looks like dead. And she’s been dead 20 years.