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
I’d love to live in this apartment, in this building, on this corner of brooklyn heights.
Sure, I like houses too. But are people so narrow-minded here that they can’t look at that floorplan/that roof deck/that view and swoon? Honestly, you must live in a fragile little world if you can only understand why people buy what you bought and everything else is a mystery.
There is no mystery to me about this place. Gorgeous.
3:09 – you are a total moron. Whether it is better to rent or buy depends entirely on the state of the market and how much you can earn with cash that isn’t sunk into a house.
Right now, with the right investment strategy, it is probably better to rent since renting is so much cheaper than buying in NYC. Even better if you can buy a vacation house in a market that has already hit bottom (or nearly – I highly reccomend Vermont) and take the tax deduction without tying up too much of your cash. New York prices may never come down far, but with the financial services industry in the toilet for the foreseeable future, prices of starter apartments here aren’t going up any time soon.
FYI – I already own so don’t give me that “bitter renter” BS.
park slope — can you show me how that was done here? how people used this thread to “attack” park slope?
“Quit your yappin’ Park Sloper. You’re nothing but a good for nothing Park Sloper. Go hop on your stroller and slide down a slope.”
These are the first intelligent comments I’ve read on this blog all day.
A point that many don’t understand:
MANY people no longer look at apartments like these or brownstones as investments. That’s why the pricing scheme has gone so far out of whack. These are not homes for the middle class any longer.
These are LUXURY items that people WITH means can afford to buy. These are not people scraping up enough to buy a North Slope Brownstone. These are people who want these homes no matter what and don’t care about price appreciation because they plan to own them for a lifetime.
It’s like buying a 10 carat diamond ring, or a porche (horrible resale price compared to benz or bmw, but some people just want them). Same goes with a $1500 balenciaga purse or a $500 bottle of wine. These expensive homes have become disengaged from the pricing norms because people just want to own that at whatever the cost.
It might not be like that forever, but seeing as no more are being built, who’s to say that they won’t keep going up. Like a Picasso painting…some people view these as works of art. I know I do.
And better yet…you get to live in it and share many happy moments and memories with your loved ones.
Or not. Just enjoy life and be happy.
“I want to be like these people when I grow up.”
Then don’t listen to people on here who say that it’s better to rent.
Aren’t gonna get there that way, that’s for darn sure.
“I have a couple friends in this building and they have other residences in Aspen, Maine, Bermuda, Paris and upstate.”
I want to be like these people when I grow up.
re; sellers price. It is just like every co-op.. Just saying, it’s not governed by co-op or anything. The co-op bylaws only state if any of the higher floors front-facing units (with view) are sold, the current residents get first shot at them and are almost always snapped up even at very high prices.
After tax deductions, that’s around 12k a month, 2:55.
Not bad for this amazing place.