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
you’re right, you’re right, I know you’re right Bold type guest. I Just had to pick up the fruit.
Just printed and measured the floorplan basing scaling on the given dimensions (which check out proportionally on all the rooms, so, yes, it is drawn to scale) and the entire apartment, measured to center line of demising walls and tp outside face of exterior walls (which is the normal convention) is 1,700 SF.
“To suggest someone to buy a house instead as if they’ve never thought of that just proves that some of you really have no idea of the kind of buyer that a place like this attracts…”
I bet anything the people that own this place are selling so they can buy a brownstone.
I just think it’s weird that there’s no sf listed – what is the big secret? And if median psf for BH coops is 788, that confirms my understanding that 1000/psf is for top end luxury – so even if this indeed is top end luxury (which is debatable since it’s ground floor, no private outdoor space, etc.) and merits 1000/sf, the price is truly ridiculous since the psf costs is way, way above that.
Nokilissa, please don’t incite and rile people up on such sensitive issues as recessed lighting.
condos = trailer parks in the sky.
Except this one is on the ground floor.
$1,995,000?
Type: Cooperative
Price: $1,995,000
Maintenance/CC: $2,960
It’s a Co-Op ,right? 50% Down, right? OK I see…..
Well folks without going on a rant, can anyone make a case to but this Co-Op? For the life of me I can’t.
One last thing… What happens to the “comps” when sales volume is slowing down? What happens to “value” when inflation is outta control? What happens years from now?
The What
Someday this war is gonna end…
But why would someone with a houses in Apsen and Bermuda want such a horrifically expensive pied-a-terre that is on the ground floor of a busy corner in Bklyn? I mean, someone with that kind of money to burn could have a lot of other pickings and this place does not seem very special. And people that rich are 1) themselves feeling a pinch these days and 2) rich because they didn’t throw money out the window on things like ridiculous maintenance costs. Sometimes I think brokers are just testing the market and trying to drive up comps with this absurd asking prices, or else pricing high to factor in lowballing in today’s market…
A quick Streeteasy search showed 6 listings for between $1,750,000 and $2,000,000 with 3+ bedrooms in BH. Median price per sf is $788. Using that number as a proxy (granted, a very rough one), this place should be approximately 2,500 sf. Not sure it’s much more than 1,500 sf. And that’s saying nothing about the high maintenance, which still might matter to some, albeit maybe not the majority of potential buyers of this place. And I do think ground floor apartments are less appealing. Maybe it’s less of an issue in a brownstone (i.e., without elevators) but I don’t know why someone would prefer the ground floor in a “white glove” elevator building.
2:19, I believe BHS doesn’t typically list square footage in their listings.