Co-op of the Day: 469 Eastern Parkway
This one-bedroom at 469 Eastern Parkway in Crown Heights is a beautiful, generously-sized apartment. Unfortunately, we don’t think the days of a $400,000 one-bedroom (okay, $399,000 in this case) are here yet. After eight weeks on the market, the price was just shaved by $11,000 and we suspect it has further to go. That said,…
This one-bedroom at 469 Eastern Parkway in Crown Heights is a beautiful, generously-sized apartment. Unfortunately, we don’t think the days of a $400,000 one-bedroom (okay, $399,000 in this case) are here yet. After eight weeks on the market, the price was just shaved by $11,000 and we suspect it has further to go. That said, it’ll make someone very happy some day. What do you think of the layout?
469 Eastern Parkway [Douglas Elliman] GMAP P*Shark
“One block off of Washington in CH/PH on Eastern Parkway may command $399K for a superlative 1 BR, but not yet here.”
Except this is 4-5 blocks off of Washington.
I can’t help it, listings like this make me smug about the $230K prewar co-op I just bought in Kensington/Ditmas – it is the same size as this listing, and needed no work. I moved from the PH/CH area b/c the prices were getting so out-of-whack. The museum, BBG, etc will still be there when I need them. I’ll take more space at a fraction of the price.
“is there any precedent for a $400K in this neighborhood?”
There is precedent for 400k, except it’s for houses in this neighborhood, not 1BR apts.
$712 maintenance is a tough monthly nut for location, space, etc. One block off of Washington in CH/PH on Eastern Parkway may command $399K for a superlative 1 BR, but not yet here.
Lets check back on this in 3 mths time and see how much it has been chopped. I saw offer $250k
I saw the same: Remove bedroom walls.
But this space is big as it is. When bedroom walls are removed, you would have light from 2 windows coming into this space ( plus kitchen window). you would have about 20X20 sf and dining alcove in front of the kitchen. Pretty decnt size for the living room.
Remove those beautiful wood doors between former living and dining, close opening.
Reuse doors and surround. Build frame at the entrance from foyer to this new living room mirroring window angle.
2 windows and enough of the wall space for your furniture, bookshelves, etc.
You have big living room and two big bedrooms.
I don’t mind the layout too much, but the price is way out of bounds.
What’s a realistic price? $250k?
is there any precedent for a $400K in this neighborhood? the location is great, i currently live nearby, but i don’t recall this kind of prices even 3 years ago…
Tear down the walls to the bedroom and combine it with the lr as a large lr/dr, make the dr the br. Reverse the fixtures in the bath somehow to move the door to face the lr. After $100k rennovation, you have a nice $300k apt.