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
Hey denton, chill out.
“what a maroon” is something I used to say as a kid and have even heard my kids say it.
I think it is attributable to Bugs Bunny.
…..what a maroon…chomp chomp chomp…..
PS the block definitely felt like the UWS, specifically Central Park West or Central Park South. If you airlifted my parents in blindfolded, I bet they wouldn’t be able to tell the difference.
I saw it, it may be big on paper but it didn’t feel very big. The layout was really cumbersome and annoying, and the whole place had a mothballed, grandmother-y vibe to it that I found underwhelming. The living room had beautiful details but I can see why 86 went faster, it looks bigger and airier and the white paint on the woodwork probably helped it feel more friendly.
Hey 4:14, why don’t you learn to spell, moron?
Maroon’s a color, probably the same that you use to paint the walls of your studio rental.
Actually, 5:24….if this were on its UWS equivalent…let’s say 85th and Central Park West, it’s more like a 2.75 million dollar pad.
Hmmm…must be something not quite right about it.
To my eyes, even at 1.4, that’s a good deal. I’d say it’s at least 1,300 square feet, probably closer to 1,400, and the maintenance is a steal. For people with kids, being on the first floor is a definite plus. And I’m nearly certain it’s in PS 321.
Hate to compare it to the UWS, but I will. That’s a $2 million space, at less than half the maintenance, in a great public school district, right across from a park.
Very odd that they had to price chop.
For an interesting comp, 90 PPW orginally open-housed around the same time as this Corcoran listing at 86 PPW (two doors down):
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1208160
86 PPW went into contract right away (obviously I don’t know what price it went into contract at and the sale hasn’t showed up on ACRIS yet), and 90 PPW has languished as BHS continued to open house it at $1.4MM for several weeks (until the recent price drop).
Even in the Slope, I doubt you get a lot of foot traffic for $1.4MM co-ops.
private outdoor space is different from public outdoor space you maroon.
2:20, who needs outdoor space? Cross the street for a few thousand acres.