Co-op of the Day: 279 Sterling Place, #1B
We’ve already professed our love for this1887 Renaissance Revival building at 279 Sterling Place in Prospect Heights. Now one of the lower duplexes is on the market. The main living area on the first floor of the former public school is pretty stunning: double-height ceilings, massive windows, lotsa light. The sleeping quarters downstairs are less…
We’ve already professed our love for this1887 Renaissance Revival building at 279 Sterling Place in Prospect Heights. Now one of the lower duplexes is on the market. The main living area on the first floor of the former public school is pretty stunning: double-height ceilings, massive windows, lotsa light. The sleeping quarters downstairs are less spectacular but feel less subterranean than one might imagine. In all, the space is 2,222 square feet and is asking $1,299,000, or a little less than $600 per foot. Realistic?
279 Sterling Place [Brenton Realty] GMAP P*Shark
Architecture 101: Public School That Went Private [Brownstoner]
would go for this price if there was a higher end renovation in place, another $100,000 cut and it sells
Corcoran had it last summer for 1.75M, which was overpriced (you could get a very nice brownstone in PH for that). But it’s easily one of the most beautiful buildings in brooklyn, and a block from Grand Army Plaza. The sub-grade bedrooms were actually not bad, with high ceilings and big windows. And it comes with a parking spot.
But looking at that floor plan, no way is it 2200sf. I can’t see it as more than 1800, even counting the mezzanine.
But still, an amazing place. I’d live there in a heartbeat.
The basement bedrooms are my only beef. If I’m dropping that kind of scratch I don’t want to be peering up at a parking lot.
Biff,
If I had this kind of $$$$ this would be a contender. At this price its on par with the other 2 recent sales, and I think it will get it. I’ve done my research on the building becuase I love it, I just can’t afford it.
1:29, thanks for the insight. The subterranean bedrooms facing the parking lot are a turn-off for sure. A new coat of fresh paint, bathroom renos and nice large armoires could offset the other issues. I think it’ll go very fast at this price.
I will be surprised if this doesn’t sell quickly; like others I am completely enamored of this building.
I went to the open house this weekend. The realtor told me that the owners “could have priced it higher, but they want to sell”…no mention of it having been on the market.
I’ve never seen anything this big in this price range, but it does come with a few problems that mitigate both building and location. The downstairs is gigantic, but all 3 rooms have windows at ground level (high up in the rooms though) that face the asphalt parking lot. The whole place could use a fresh coat of paint. The master bedroom upstairs does not have a single closet. The bathrooms are small and a little depressing.
But that said, oh, the space to roam. My husband said it was the first place we’ve seen where he could imagine being in one room and having no idea if anyone else was home.
Thanks kdabrowski, I couldn’t figure out what is wrong with this place. Still, is it really not worth $600 per sf given the “beautiful building and great location” (not to mention the unique layout)? It looks great and it’s been awhile since I’ve seen a 4 bed, 2 bath duplex apartment this size that is under $1.3MM and in a decent area.
This is the 4th price cut. The apt was first listed in June 07 at $1.75M.
It’s a beautiful building and great location. However, the average price per sf for a Condo in PH is $560. Co-ops fetch about 20% less. At $600 per sf this place is still overpriced. In addition, it does not look like its in MINT condition, and in today’s market to fetch top prices homes need to look like model units or be priced right to move quickly.