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
What you all fail to realize is that yes…prices in the U.S. are falling. And they will fall here as well.
But we will go back to the tested phrase in real estate, which has ALWAYS been location, location, LOCATION.
If you’ve got the location, you are going to do a lot better in this and any subsequent downturns.
Always been the case. Always will.
I’d rather have an apartment, 1:57.
Different strokes for different folks.
Jennifer Connelly didn’t want to take care of that huge house anymore in favor of apartment living, so clearly different people like it different ways.
No pun intended.
well, you are totally paying for the location here at that price. $1.4 buys you one hell of a much bigger and better condo.
for me, space and layout (and outdoor space) come first which this doesn’t have, so thinking that someone would just have really dig the location.
It’s a nice enough apartment, but you can still buy a house for $1.4 mm in some good neighborhoods. For the same money, I’d much rather have a house.
I agree nothing gets a thread going like a good ol’ Park Slope bashing, but I didn’t think Brownstoner’s description of this apartment was all that negative (“This…is a looker, for sure”, “overlooking the park”, “The monthly maintenance is also quite low at $725”, “no underlying mortgage”). I like PS, but wonder if Slopers are becoming a tad overly defensive / hyper-sensitive?
(1:49, hiliarious!)
Re: Floorplan
Erra-rrrrrrr…chucka chucka chucka…erra-rrrrrr…
All aboard!
The bias against Park Slope is the reason I read this blog less and less.
It’s so foolish and 99% of the time is just to rile people up.
Sadly, they fall for it every time.
I love Brownstoner, don’t be mistaken, but I feel like the website has developed a prejudice against the Slope. It seems everyday there is something posted about something not being worth some asking price. Blah blah blah more than the market could bear… blah blah blah its a great house but for 3 million dollars, not unless it was in Clinton Hill. Anyway, I really do appreciate the website.
not interested… cobble hill and boerum hill much better…
access to the city and access to 5 neighborhoods all walkable its a no brainer…
Park SLope is so early 1990’s….