Co-op of the Day: 60 Remsen Street
This alcove studio at 60 Remsen Street has had a nice tune-up since the owner bought it for $315,000 last October (the kitchen, in particular, looks beautiful) but the fact that it’s on the first floor and, after all, only a studio make the price jump in the intervening eight months to $465,000 a little…
This alcove studio at 60 Remsen Street has had a nice tune-up since the owner bought it for $315,000 last October (the kitchen, in particular, looks beautiful) but the fact that it’s on the first floor and, after all, only a studio make the price jump in the intervening eight months to $465,000 a little hard to swallow. While no square footage total is provided, as far as we can tell from the floorplan, this puts the asking price at close to $1,000 a foot. Is this realistic?
60 Remsen Street, Apt. 1C [Brown Harris Stevens] GMAP P*Shark
overpriced apartment in an overpriced neighborhood with underpriced residents.
4:55pm – I agree that the $390,000 1 bedroom in the same building is a good comparison. However, I don’t necessarily agree that if the apartment is exactly the same floor plan, just having a wall to make it a proper 1 bedroom makes it more desirable. If there’s just one person living in the space, it’s actually nicer to just have a pretty screen to close off the alcove (which is what I did). That way, the light from all the windows, including the “bedroom” lights the entire apartment.
This apartment is much larger than the typical studios that were listed here as comps, and I doubt this price is asking $1,000/squ ft. But I have seen typical brownstone floor throughs these days listed at half a million dollars (if not more) and I don’t think the usable space is any better in most of those.
I’m not defending the price here — I’d certainly go for the lower priced one myself unless there’s some catch to the condition that one is in. But I’m a cheapskate and that’s a studio I’d rent for $2,500 when I wouldn’t pay half of that for the usual studio, and I would NOT pay that price for a brownstone floor through with no services. So I think it’s fair to have a comparable price, despite my thinking everything in Brooklyn is at least 50% overpriced and that prices will be falling soon.
I think the hipster deficit is realy hitting the Heights hard. Another piercing shop, a mom and pop, closed its doors. the tattoo guy on Clark is barely hanging on, and the hashish seller on Cadman and Pineapple finally gave it up and moved to Park Slope.
the whole place is just going down the terlet.
I am a renter in 100 remsen st. last year there was a 1 bedroom apt on the market for at least 6 months. the asking price was $385,000 and i dont know what it eventually went for or if it did indeed get sold but all i know is that those open house signs were up for a very, very long time. I looked at it out of curiousity and it was large (prob 600-700 sq ft) and in very good shape except the kitchen was on the older side. i dont remember exactly but i think the maintanence was between 800-1k/month.
bh = snoozefest = heaven
bh = snoozefest
When folks in the Heights go out to a fancy dinner they usually go to Manhattan, or if they are feeling adventerous, go to Smith Street ten minutes away. It isn’t as if the Heights is a remote outpost. Montague Street is the supermarket/deli/bank/real estate office street. The nicer restaurants are elsewhere in the Heights. It is true that we are sadly lacking Ethiopian/Malawi fare, but them’s the breaks.
Biff, you’re spot on about the fast-food comment.
It would be nice if Montague Street had some good restaurants, but the commercial rents are too high for most new non-chain places to open. That’s probably one of the reasons we don’t see
restaurants such as Le Petite Marche, etc opening there.
The trend is for national chains to move into every space previously occupied by an older, locally-owned business. It’s driven largely by rents. Hence, the Spicy Pickle. Christ, I’d take the ancient and maligned Armando’s any day.
“I never see young hipster people in Brooklyn Heights. They’re like everywhere in Brooklyn BUT Brooklyn Heights”
We have our exterminator hide deoderant-scented satchels throughout the Heights and that does the trick. it keeps them out.