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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


What's Your Take? Leave a Comment

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  1. 4:06, I’ve seen Brownstoner being accused of only posting Corcoran houses, so I guess no matter what, he’s accused of some bias (since the $390,000 is Corcoran).

    I think many people are misinformed as to what it means to be a co-op or house of the day. It’s just something to discuss, there’s no endorsement of it being some great deal. In fact, today’s post originally stated that the asking price seemed very high.

  2. 4:06…i was just kidding about the security guard thing. i thought it was funny, because i’d never dream of paying 750 a month on maintenance. i just wouldn’t. not for a studio, anyway…

    my requirement when i was looking for a place was good financials and low maintenance. and like i said…i’m not into doorman buildings…

  3. 3:52, I also don’t need a doorman building, I just thought it was ridiculous to say you could use the entire maintenance to pay for a security guard to shadow you if you preferred a doorman for safety reasons. Of course people pay a premium for doormen, but I’m surprised at how many non-doormen buildings have fairly high maintenances, too. That’s great you don’t have an underlying mortgage and your co-op sounds like it is very well-run, but one of the listings someone posted here as a comp had a maintenance that was barely lower yet was a 4th floor walk-up. No thanks — I’d pay that kind of maintenance for a doorman, but not for a walk-up.

  4. I don’t plan to spend 450K for a studio to have to walk 20 minutes each way for some decent restaurants and shops, 3:56. If you’d like to, be our guest. The person who buys this studio at this price takes the cake for one of the biggest suckers in NYC, in my opinion.

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