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
Looks like it’s PS 321 judging by this zoning map
http://www.insideschools.org/fs/school_profile.php?id=450#zone. I’m guessing it goes for $1.3MM.
1:16 here…not an expert, but given park proximity, good for kids, nice detail, no walk-up, I’d guess 1.2. Is this in 321 or 39?
Whatever someone decides to pay for it, 1:27.
what do people think this is actually worth?
seems lovely to me (other than the ensuite problem.) Location is fantastic, building is very pretty. But I’d hate being on the 1st floor on PPW.
It’s on the first floor. Lovely, well-maintained. Small kitchen. The brokers were pushing that you had rights to outdoor space and that you could break out a door and create your own patio space. But the space is really just a dark alley and opening up from the kitchen would be costly and probably not worth the effort. Bedrooms are small, but I thought it was a really nice place when I saw it a couple of months ago. But I wouldn’t pay 1.4 for it.
Did you all see that a contract was signed on this house…?
http://www.brownharrisstevens.com/detail.aspx?id=792680
still has more price chopping to go
I’m not crazy about certain aspects of this (e.g., no master bedroom ensuite, not a fan of long hallways, small bedrooms – no closets in one of them), overall it seems a reasonable price in a nice building with low maintenance and a wonderful location.
As an aside, in the event the Agent is right in that “Upon entering you will not want to leave”, does Babeland deliver?