Co-op of the Day: 90 Prospect Park West
This wood-paneled three-bedroom at 90 Prospect Park West is a looker, for sure, but its initial asking price of $1,400,000 was more than the market could bear. The eight-unit limestone building, overlooking the park between 4th and 5th streets, hasn’t had any turnover in the last couple of years; Apartment 4L, the most recent unit…
This wood-paneled three-bedroom at 90 Prospect Park West is a looker, for sure, but its initial asking price of $1,400,000 was more than the market could bear. The eight-unit limestone building, overlooking the park between 4th and 5th streets, hasn’t had any turnover in the last couple of years; Apartment 4L, the most recent unit to change hands, sold for $1,187,500 back at the end of 2005. The monthly maintenance is also quite low at $725, attributable to the fact that the building has no underlying mortgage. So was the initial price too high or are there other negatives? Does anyone know what floor this particular pad is on?
90 Prospect Park West [Brown Harris Stevens] GMAP P*Shark
A bit too coffin-like for my tastes, and PPW is best enjoyed from a high floor in a elevator building.
Do the math. It’s approx. 1350, and it won’t sell for ask. If you are looking for a real 3BR in Bklyn of this caliber, whether it’s the Heights or PS, this appears reasonable.
How are you getting 900 psf? Place seems smaller, and the broker does not list sf. 900 psf in this market is still steep, and 321 folks is getting very crowded.
Roughly $900psf in a nice building (w/cheap mtc) across from the Park. Not a bad selling price.
7:51 – no TV, no sense of humor either
Sam – my thoughts exactly. After the collapse of the old USSR, Denton couldn’t go back to Siberia so he had to settle in PS. Bugs Bunny wasn’t part of the local broadcast in Yamal Nenets. It doesn’t look like they had broadcasts at all there based on Denton says at 7:51.
86 PPW looked much bigger and brighter, so this one is certainly STILL overpriced. If they go to 1.1, they’ll have much more luck! This is not a market where you should overprice things…
You don’t watch Bugs Bunny?
Don’t know…..sounds fishy.
In an earlier time you may have been seen as a spy, passing as American.
Sam, sorry, I don’t watch Bugs Bunny, or TV in general. Still, I suppose ‘maroon’ subs for ‘moron’ in the way that ‘frig’ subs for, you know…