Co-op of the Day: 101 Lafayette Avenue
We can’t get enough of these casement windows! Thankfully the 17-story pre-war co-op at 101 Lafayette Avenue known as the Griffin has managed to keep its original windows in place. The result: Old-world charm and beaucoup sunlight. And in the case of this high-floor one-bedroom, killer views. The 800-square-foot apartment, which has a monthly maintenance…
We can’t get enough of these casement windows! Thankfully the 17-story pre-war co-op at 101 Lafayette Avenue known as the Griffin has managed to keep its original windows in place. The result: Old-world charm and beaucoup sunlight. And in the case of this high-floor one-bedroom, killer views. The 800-square-foot apartment, which has a monthly maintenance of $857, is asking $619,000. As much as we love this place, we’re not convinced the asking price is achievable. Then again, it’s definitely the kind of place a buyer could fall in love with and just have to have.
101 Lafayette Avenue [NYT-FSBO] GMAP P*Shark
As a neighbor of 101 for many years, “I’ve become accustomed to” its
facade with those exactly right casement windows, enjoying
the view.
And, as a member of the LandUse Committee of our area’s Community
Board, I am keenly aware of the role windows play. Think about it.
What do you see the most of on the majority of buildings? Windows!
They have a tremendous impact on the appearance and appeal of a
building. An orderly, appropriate pattern of such openings provides
a look of stability and calm — adding value to the property and
enhancing the surrrounding neighborhood.
Keep the casement windows (and they can certainly be efficient and cost
effective). It’s the smart — and the handsome — way to go.
They are central to the character and uniqueness of the Griffin.
Your view ain’t worth another 200/sf, sorry.
I love that building, there really are no 2-bedrooms? That’s a shame.
Exactly. The place is nice, but the price is ridiculous. I remember when the prices for 1-bedrooms here were just slightly higher than the 1-bedrooms in the Clinton Hill Co-ops. You can get a 1 bedroom in the Clinton Hill Coops for between $350,000-$380,000, so this price just seems silly to me.
This is my apartment. Thanks for all the comments. Just thought I’d chime in and say we got 2 appraisals for our place. The $619K is somewhere in between but way lower than the higher appraisal. As far as the $/sf, 6 of the 7 other units in contract in the building are on the ground floor and don’t have our view. The walls are indeed skimmed and the wood work is still gorgeous. I think $619 is actually not a crazy price for the size, location, view and finishes. I hope not anyway.
There are currently 7 units in contract in this building, with an average price of $572/sf.
This place is asking for $773.75/sf.
The comps have spoken.
If it’s too hot, reduce the heat, then you can lower the maintenance! Brilliant!
Don’t think you’re going to do much better for a big 1 br, provided this is restored. If the walls are skim coated and the woodwork is still sharp, I’d say this will fetch 599k. if its shabbier or smaller than it looks, try 575. Don’t think this is a crazy ask, though.
BTW, this is the same price we listed our slightly smaller (750sf) 1br on the UWS in Jan 07. We got over ask but we had restored our place. An identical unit on a higher floor got 589. Nearly the same maintenance.
UWS in 2007=Ft. Greene in 2008? Just asking.
The comment about high heating costs is actually not true. As a long-time 101 resident/board member and building engineer, i know that the building has relatively low heat-loss because of its thick wall construction and thermal massing. (in fact, residents complain of too-hot conditions in the winter if anything). The windows are not perfect, and there are drafts if they aren’t sealed properly. But it’s well worth the beauty of the restored original windows.