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
2:03 and 4:26, I guess that explains it 🙂
Brooklyn Heights has, for many generations, attracted people of a distinguished and extremely wealthy class.
I worked in development for an arts organization in Brooklyn Heights for a time and all our major donors lived in the Heights. These people are loaded!!! I mean…like everyone who donated had a net worth above 10 million. They like it there. It’s a nice place and a lot of it is family money.
We had more than 100 people who lived in the Heights who donated like 50K a year just to this one no name organzation and also donated to Carnegie Hall, Lincoln Center, etc.
You’ve got to be pretty wealthy to dish out money like that.
But I also noticed they were VERY smart with their money and did not spend it like the young new money types.
I think that is why they prefer these more “modest” apts to the 10 million dollar spreads at the Time Warner Center.
So we’ve learned that the people buying this particular apt. are of that strata of our society who are completely immune from the financial considerations that burden we mere plebes. Fine, but if true, why this place? Seems the case for the buyer’s demographic has been way overstated b/c there are grander places available throughout the city where those who make the world go ’round could lay their precious heads. But it is fun to be lectured by anonymous blog commenters with tales of fantastic third party wealth the likes of which we people have no idea!
The family I know who lives in this building has a net worth, I’m guessing more in the 20-25 million dollar range.
You people have NOOOO IDEAAAA…
No way this will sell for this price.
people like this spend 90k to send their 3 children to st anns. plus drop another 25k in fundraising for the school. never mind the hamptons house, the fundraisers at 10k per, the plane.
honestly, you think 170k for housing is that big a deal for this population?
Actually, going back to the actual apartment (views and carpeting aside) – how do they really swing 4 bedrooms in this place? Sticking the least-favorite children or unwanted guests in the maid’s room and sitting room, which are connected to the stairwell and service elevator? Or converting the library into a bedroom? The room off the pantry shouldn’t qualify as a decent bedroom either, not to those with a net worth of over $5 million.
That isn’t such a killer layout, 4:28.
Then again, I don’t have $5 mil, but I do have taste.
The buyer of this place won’t give a rat’s you know what about a housing slump. You’d need $1.7 mil in liquid assets, plus the standard 2 years’ maint/mort, plus whatever investments you might have. Your net worth, I’m guessing, is going to be well north of $5 million.
This is a killer layout in a great neighborhood. Yeah the board may be picky but if I was going to drop millions I’d expect nothing less.
Hopefully we can track this place and see what it sells for.
Thanks denton, I am 2:03 (and female)…