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What’s a garden worth? That question will be implicitly answered by the sales process of this ground-floor unit at 415 St. John’s Place in Prospect Heights. The apartment itself—a two-bedroom, one-bath affair—is quite nice, but it’s asking $645,000 and is only about 900 square feet. The twist, however, is the private yard that comes with the apartment. This outdoor space is over 800 square feet. The maintenance is an entirely reasonable $750 per month. Think they’ll get their price?
415 Saint Johns Place [Corcoran] GMAP P*Shark


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  1. I don’t think they will get ask. The apartment is very tight. the layout is mean although the garden is nice. I don’t think it is a real 2-bedroom the floorplan looks chopped up, no closet in the small bedroom.
    They could get this in Brooklyn Heights but not in Prospect Heights.

  2. “In an epic article today on why the super rich are still spending superbly, the Times wrote that buyers have “already closed on 71 Manhattan apartments that each cost more than $10 million, compared with 17 apartments in that price range during all of 2007.”

  3. Definitely not. . . a garden is not worth 200K . . . other nice places in the nabe are in the 400s
    While you’re at it, you could rent a nice garden apartment in a brownstone for $2,200.
    why would you want to tie up this kind of cash in this market (figure 700 maintenance plus carrying costs on 635K) when you don’t have to?

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