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
I still keep looking at your links and they still aren’t convincing me. The Henry Street Studio for $395k is way smaller, and again, exactly the kind of studios I hate — you live in the bedroom. The 1-bedroom on Monroe is lovely, and I’d live there in a minute, but it’s a top floor walk-up without a doorman and it STILL has a maintenance of over $700. If I’m going to pay that much for maintenance, I want a doorman. That’s why we bought a brownstone in the first place, because if we are going to do things ourselves, we don’t need to pay for someone else’s underlying mortgage.
The Grace Court apartment is a good comp, however. It does have a low maintenance for a 1-bedroom. However, the listing has no floorplan, so I’m not even sure if this is a tiny 1-bedroom that is far smaller than the Remsen st. studio.
Judging from the comps linked above, I’d say this should sell for no more than 375K.
Look at the Henry Street Studio link at 2:05.
IT’S GORGEOUS!!!
2:09 IS THE BROKER FOR THE CO-OP OF THE DAY, IN CASE YOU ARE WONDERING!!!
Wow, lots of Corcoran brokers hanging out here today.
Rather pitiful, 5 “alternate” places in a row from the same company.
2:04 how can u compare that apt… The one you are showing is a dump…
Here is a normal apt that makes more sense with good maintenance charges…
Buying a 1bd for around 400k and paying over 800 in charges is nuts…
http://realestate.nytimes.com/sales/detail/355-5K5K5K
PS — I think it is very fair to compare the $390,000 1-bedroom on a higher floor to this $465,000 co-op of the day. There are no photos of kitchen, but many people would prefer the lower price and do the renovation themselves.
Thanks for the links 1:58, 2:00, etc. — I’m 1:40 and I appreciate you taking me up on my offer.
However, 2 of your apartment links prove my point that this apartment is far larger than a typical studio. The studio for $245,000 that you linked to is exactly the kind of studio I hated — it is in no way the same size as the co-op of the day. The 1 bedroom for $390,000 at 60 Remsen, is, ironically, the same as the studio, they are just calling it a 1-bedroom. (Which was exactly my point). And the maintenance is exactly the same as the co-op of the day, which advertised more honestly in calling itself a studio.
Finally, the Pineapple St. 1-bedroom really makes my point, as it looks as small as the smallest studio at 60 Remsen, despite being a so-called 1-bedroom. It has a $601 maintenance and IT DOESN’T EVEN HAVE A DOORMAN. There is a huge difference in maintenances between doormen and non-doormen buildings. I still am not convinced you can find a doorman building apartment for this low of a maintenance.
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1209532&ohDat=6/8/2008%2012:00:00%20AM;
Henry Street Studio for 395k (567 maint).
Looks MUCH nicer than this place at 60 Remson
1:52, Here is a place at 2 Grace Court (FULL SERVICE)
A 1 bedroom listed for 399K with 592 a month maint…
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1220072&ohDat=6/8/2008%2012:00:00%20AM;
I think you are the broker…