Co-op of the Day: 1 Pierrepont Street
Co-op apartments don’t come much finer than this. This south-facing unit at 1 Pierrepont Street in Brooklyn Heights has four bedrooms, two fireplaces and killer Manhattan views from the common terrace. It looks to be in pristine condition (though we coulda used some photos of the kitchen and bathrooms) and on a fairly high floor….
Co-op apartments don’t come much finer than this. This south-facing unit at 1 Pierrepont Street in Brooklyn Heights has four bedrooms, two fireplaces and killer Manhattan views from the common terrace. It looks to be in pristine condition (though we coulda used some photos of the kitchen and bathrooms) and on a fairly high floor. The listing ain’t for the faint of pocket book however: The asking price is $3,450,000 and the monthly maintenance is $3,518. Anyone know what percentage down is required at this building?
1 Pierrepont Street [Brown Harris Stevens] GMAP P*Shark
1:13 I totally disagree – first of all, it is very hard to find these beautiful pre-wars in brooklyn and the same kind of apartment in manhattan would be at lest twice the price. plus this location is much more convenient for anyone working downtown than upper east side or west side would be. Finally, many people don’t like brownstones – I know a lot of people for whom a) a view is top priority and b) running up and down stairs is a dreaded prospect. And you KNOW there are no new condos in brooklyn that have this kind of lovely lay out.
Finally, there are also lots of people out there who would not consider any brooklyn neighb but brooklyn heights – park slope is simply not a consideration for them.
1:13, thank you for at least sparing us the usually inevitable “that’s why I bought my PS house five years ago…for ($X) and it’s now worth (10 times $X)”
That’s the best view in NYC.
People will pay it. You are an idiot if you think they won’t. The same apartement in Manhattan would be double.
Not everyone wants a whole house. This will be sold to someone who has 3 other homes. I have a couple friends in this building and they have other residences in Aspen, Maine, Bermuda, Paris and upstate.
Oh and btw, one of the MAIN REASONS NYC has been so insulated from the housing downturn are BECAUSE OF CO-0PS!
No chance this baby is going into foreclosure with 50% down.
Knock co-ops all you want. They are a large reason your home is keeping its value so well when other areas of the U.S. are dropping 20% overnight.
not sure about the wall to wall, just very large ugly area carpets (perimeters show the wood floor peeping through). Btw, an EXCELLENT neighborhood, a nice apt. but 1:13 is right about the “senior citizens who would impose a 50% down payment requirement”. Any young family should think twice about living in a fancy morgue.
1:00, what’s the right neighborhood?
Look – I understand that the Heights is more expensive than elsewhere in Brooklyn, but if you are already across the river, why in god’s name would you pay $3.45m for a CO-OP!?!? Especially one that is going to inevitably be run by the kind of no-life busybody senior citizens who would impose a 50% down payment requirement?
Please for the love of god – if you have that kind of cash – go a few blocks south or to Park Slope and by a full house of your own. No apartment in Brooklyn is worth that kind of money. (Frankly, I wouldn’t pay that much for an apartment in Manhattan either, but that’s why I bought my PS house five years ago….)
American homes are losing their value at the fastest rate in two decades, according to a closely watched report released on Tuesday.
In the 12 months ended in February, the Case-Shiller home price index, which measures the value of single-family homes in 10 major metropolitan regions, fell 13.6 percent, the worst decline since records began in 1987. A broader 20-city index dropped 12.7 percent.
The slump in home prices was more severe than the worst point of the recession of the 1990s, the last time values fell so far, so quickly.
As foreclosures rise and mortgage lenders tighten their standards, the market is expected to continue to suffer under the pressure of sagging inventories and a dearth of qualified buyers, economists said.
wall to wall carpeting – ugly.
shared outdoor space – WTF!!
stunning if you are 90. old, stale, over priced, wrong neighborhood. oh, wait, wall to wall carpeting comes with it? sold!