Co-op of the Day: 164 State Street FSBO
Spring is here and the FSBO’ers are coming out to play. First up, this floor-through at 164 State Street in Brooklyn Heights. A one-bedroom plus den or small second bedroom, the 900-square-foot place has been recently renovated and carries a relatively small monthly maintenance of $695. The bathroom has been recently renovated as has the…
Spring is here and the FSBO’ers are coming out to play. First up, this floor-through at 164 State Street in Brooklyn Heights. A one-bedroom plus den or small second bedroom, the 900-square-foot place has been recently renovated and carries a relatively small monthly maintenance of $695. The bathroom has been recently renovated as has the kitchen. Asking price: $639,000. Think it’ll sell? Decide for yourself at the open house on Saturday from 1 to 3.
164 State Street [FSBO] GMAP P*Shark
ignoring any tax savings, your monthly cost of mortgage+maint+opportunity costs is around 5k/month, which is about double area rents.
Nicer apt than you’ll find as a rental, but I’ll wait until the bust, thank you.
Dave, you little instigator/thread hijacker, you! Fine wingman you are. I told you, what happens in Brownstoner stays in Brownstoner.
This has been on the market for at least a month. Don’t remember what is was first listed for, so not sure if there has been a price drop.
Several months back we viewed a lovely FSBO that whose listed square footage was much larger than the living space square footage of the floorplan. The owner was upfront about the discrepancy when we politely asked him if that was, indeed, the exterior square footage of the unit. A comp search revealed they were asking about twenty bucks less per square foot than the average ppsf of the building and the area.
That figure is likely the exterior measurement of the unit laid out in the co-op schema. That’s how co-op shares and according maintenance are divvied up. These people don’t seem to be trying to pull a fast one to me – they’re trying to present a reasonable initial ask and will likely be more apt to negotiate without a broker breathing down their necks for their cut. I wish more owners would follow their lead.
I heard she’s fooling around with Biff
“and by the way, my wife says size doesn’t matter!”
She lied to you.
Comparable apt in my walkup n. slope building just went for $595. Needed bath redone. This place is well-priced.
From 1:59 = in a co-op, one can use a percentage of common areas, hallways, etc in the sqaure footage measurements. did you know that?? =
How stupid. The appraiser either uses the outside measurments for a coop in a rowhouse (like this coop), or measures the interior if the coop is in a conventional apartment building. Do you think he is measuring the hallways, lobby, super’s office, and elevator shaft, and then trying to figure out how to allocate it to the unit he is appraising?
They do that for office buildings, not coop apartments. Idiot!
rent increases.
mortgages do not.
and by the way, my wife says size doesn’t matter!