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
3:41, considering most studios in nyc are selling for DOUBLE the average HOME price in the united states, i don’t think you can discount them so easily.
400K to sell off half a floor of a brownstone ain’t too shabby.
singles with no kids buying studios is not really the meat of the brooklyn brownstone market
sounds like even if they did drop, 3:38, they’ve already gone up quite a bit to cover the downturn. 120K on a studio in a year?
that’s impressive. most homeowners in the south slope have seen their homes double in value in 5 years. i think they’ll be ok to shave 20% off that if that’s what the market does. it will recover in time as it always does.
Yes, big exodus out of South Slope before the prices drop.
She did upsize. Just a different thought process on the two statements. Sorry, that was confusing. No, I forget…I read somewhere about the downsizing thing. Obviously easier for singles than those with kids…
sounds like your friend upsized, not downsized
Do you people see this info at 3:25?? Do you see it??? Like letting it sink in? EVEN IF prices go down, they might go down what…20% or so??? That’s how much they went up in just 2007 alone…A YEAR THAT EVERYONE SAID WAS TWO YEARS BEYOND THE TOP!!!!
That’s how stupid you are. Most people here said 2005 was the top, as we have clear evidence that even in 2007, prices were going up in double digits. So if they fall back…they aren’t falling back to 2001 prices. Or even 2003 prices. Maybe 2006 prices. Which is still a year AFTER most of you say was the top. It’s really laughable how ignorant some of you are.
I actually heard that studios and 1 bedrooms were selling really well lately as some people were trying to downsize in preparation for harder times ahead.
My co-worker just sold her studio in the south slope for 120K more than she paid for it last year. She moved to a 1 bedroom in the North Slope.
“prices of starter apartments here aren’t going up any time soon.”
Is that so????
NYTIMES, April 2, 2008
“The median price for studios rose by 22 percent, to $490,000 from $401,000; and the median price for one-bedroom apartments grew by 12 percent, to $750,000 from $669,000, according to the Corcoran Group, a real estate brokerage firm.”