Co-op of the Day: 200 Hicks Street
This three-bedroom co-op at 200 Hicks Street in Brooklyn Heights is gorgeous. The recent renovation managed to inject a modern, light feel to the place without stripping it of its prewar character. (For some reason, we don’t even mind the recessed light–perhaps because it’s embedded in the soffit.) While the listing doesn’t say so explicitly,…
This three-bedroom co-op at 200 Hicks Street in Brooklyn Heights is gorgeous. The recent renovation managed to inject a modern, light feel to the place without stripping it of its prewar character. (For some reason, we don’t even mind the recessed light–perhaps because it’s embedded in the soffit.) While the listing doesn’t say so explicitly, we’re guessing that this is the ground floor unit, based upon the shape and size of the windows. This is the only negative we can find with this place, but it may prove to be a meaningful one given the asking price of $1,995,000. Thoughts?
200 Hicks Street [Brown Harris Stevens] GMAP P*Shark
There is a buffer of 6-10 feet and a 5 foot tall wrought iron fence. You can’t see into the apartment from the street, unless the shades are dropped all the way down. Which they never are – I’ve been trying to see the interior of this place since they renovated. Nicely done.
I would prefer a ground floor after 20 years of
running into co-op neighbors and waiting for the elevator. This is a noisy corner, though.
Apartments in this building don’t hit the market that often, and there are few 3br apartments in the Heights. I bet it sells fairly quickly, even in this market. Just in time for the kids to start smoking pot around the corner from St.Ann’s.
It is nicer than those Starrett City apartments that have not had even a single comment on the other thread. Arbitrage opportunity??
Yes, that’s how most of the nicer buildings in Brooklyn Heights and Upper East side are, 1:33.
You new to NYC?
In this building you cannot rent the apt unless it is to a family member.
This place wold defintely rent for $6k I think, but it is still way overpriced. The monthly common charges are outrageous.
i would never ever ever ever ever want a ground floor apartment especially for 2mill…thats brutal
1:11 – I’m a market bear, (having just sold my place to trade up), but I do think this place could rent for more than $5K – I’d say someone who really loves it might pay up to $6K. That would be high for the size, but would account for someone who just loves the taste of this place, which is very nice. So, that would push the metric up a bit more, but it’s still way overpriced, and the maintenance cost is a killer. Of course, the fact that they are asking 50% down means they are clearly looking for a buyer who is already wealthy – though those folks are vulnerable in these uncertain times. And why would they want a ground floor unit that is not very big?
Only 36% deduction on a $3,000 monthly maintenance? Why is that? Seems most are 50% right?
People wonder why there’s a craze for brownstones and houses. This is why. Just one month of maintenance on this place pays nearly all the property taxes for the entire year on our 2-story brownstone.
Regardless, for this kind of dough I’d want a more spectacular interior. This place is really boring. And ground floor right on the sidewalk, yuck. I’d go for a prewar on PPW with views for this kind of money, were I committed to being in a “white glove” coop building, which I imagine fits some people’s lifestyles better than owning a house.
This place sells to those with multiple homes. Offspring of BH old money, I’d guess…