Co-op of the Day: 7 South Portland Avenue, #5A
Stunning building, mediocre apartment. That kinda sums up the situation with this fifth floor co-op at 7 South Portland Avenue. The 7,000-square-foot, 8-unit building is on what’s been called the
Stunning building, mediocre apartment. That kinda sums up the situation with this fifth floor co-op at 7 South Portland Avenue. The 7,000-square-foot, 8-unit building is on what’s been called the best block in the city. Bereft of historic detail, the apartment, however, has a boxy, 1980’s vibe to it. As for the $425,000 asking price, guess it’s possible but wouldn’t be surprised if it came in a little under $400,000. Waddya think?
7 South Portland Avenue [Brown Harris Stevens] GMAP P*Shark
This place is cute and on my best block in all of NYC but I have to agree the pricing is a little too aggressive given that it is a 5th floor walk-up. Walk-ups appreciate very slowly in value so even if you don’t mind climbing all those stairs now when its time to sell you will have to compromise. I think a fair price for this place is $380K TOPS.
4:08, I think you meant to say “the number of shares for each floor was slightly MORE than for the floor above, so that each floor paid less in maintenance that the floor below.”
Annoying that they don’t just list it.
“It’s between 425-450 sf”
No it’s not.
Go measure it and get back to me.
“The apartment is 550 square feet.”
Work on your own math skills, Einstein. It’s between 425-450 sf.
Where are you guys finding the sq/footage?
This will be sold in 2 weeks.
I am not fam. with that area but for a 5th floor walk up I would have to say this wont sell at this price for another 10-15 years
Who are you people who drag your bikes upstairs. If your coop doesn’t have basement bike storage it sucks and isn’t worth anything anyhow. Honestly, I wouldn’t even buy a place without a washer dryer in the unit. As for groceries, that’s why I tip those fresh direct guys.