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
1 BEDROOM ON MONROE (650 SF) FOR $450,000!!!
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1269360&ohDat=6/4/2008%2012:00:00%20AM;
that was last year…and remember, taxes are deductible…and not usually included in a “maintenance” number for a condo. The listing says that 34% of the $742 in maintenance is tax deductible for this property. I never looked at a coop but I believe the maintenance in a coop includes the taxes.
HERE IS A 1 BEDROOM IN 60 REMSON FOR $390,000
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1281060
I can’t figure out what the motivation for selecting this as co op of the day!!!!!
HMMMMMM
Here is a gorgeous 1 bedroom on Pineapple Street for 399K (601 maint).
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1225782&ohDat=6/4/2008%2012:00:00%20AM;
“Oh and you CONVENIENTLY left off the fact that at least $500 a month of the total mortgage and maint. is going to be tax deductible. Most likely a lot more than that, actually…”
I love the “tax deductible” argument.. Do you why our government and IRS give you Tax Deduction on your Mortgage???
Because Asshat, its a SUBSIDY to the Bankers? I know this statement went over your head but let me explain.. Without subsidies the lobbyists would have no jobs in DC, got it! The big businesses would no make as much profit and stick the bill to the taxpayer…
Now Asshat if you take away the interest part of this mortgage, you will still pay more in principle than in RENT!!!! No ask yourself a question, HOW MUCH WOULD THIS STUDIO RENT FOR????? Plus ask yourself if you want to commit to 30 years of Debt ??
Now come on give the Kool-Aid answer I;m looking for to prove the delusion of the MREB..
The What
Someday this war is gonna end…
1:40, I appreciate you defending your old pad, but let’s get real here…
I just found a studio for sale listed IN THE SAME BUILDING…THAT’S RIGHT 60 REMSEN..FOR…DRUMROLL….
$245,000.
No, it doesn’t look nearly as nice, but you could gut the thing and line it with plutonium for 100K and it would STILL BE 100K less than this place.
Not to mention the maintence is $100 cheaper…
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1267127&ohDat=6/8/2008%2012:00:00%20AM;
daveinbedstuy — is this the current maintenance, or years ago? Also your taxes are adding over $400/month in maintenance, so it sounds pretty similar.
Thanks for the information 1:49pm. I sincerely doubted that many buildings with 24-hr doormen had maintenances of under $1,000 for apartments this size. I suspect this building’s maintenance is lower than 111 Hicks, for example, since it seems to have been well-run for many, many years.
1:40…maintenance for my doorman condo building at cor. of 54th and Lexington was about $560 for a 725 sq. ft. one bedroom…my 2 bedroom was just over $1,000 at 1,395 sq. ft. Taxes were about $5,000
I never looked at any condos in Brooklyn though.