Co-op of the Day: 90 8th Avenue
What’s not to like about this two-bedroom co-op at 90 8th Avenue in Park Slope? Besides the fact that there’s only one bathroom, not much. It’s about as classic as a prewar co-op gets. We’ll see how the asking price of $785,000 flies though. The apartment directly upstairs sold for just $580,000 three years ago…
What’s not to like about this two-bedroom co-op at 90 8th Avenue in Park Slope? Besides the fact that there’s only one bathroom, not much. It’s about as classic as a prewar co-op gets. We’ll see how the asking price of $785,000 flies though. The apartment directly upstairs sold for just $580,000 three years ago and the C-line on the 8th floor just closed for $785,000 last month, but who knows what kind of shape those places were in. Think the sellers will get their price?
90 8th Avenue [Warren Lewis] GMAP P*Shark
I have an honest question – at $759K plust $1000+ maintenance, one’s out of pocket after tax cost is over $4200 a month. I earn about $200K a year, with a kid, and we have run the numbers with our accountant brother and others, and they are telling us that we really cant afford that type of price tag (over 45% of our take home pay after insurance, 401K, Roth etc).
Are we being too concervative, and everyone leverages themselves like that? or what?
2:22 – Congrats. Its a beautiful space in the best NY location. I am sure that you will never have regrets or doubts.
3:31 – This place would rent for much more then $1500! This space can command around $2500 per month.
I own a building on 5th ave and my 1 bedroom apartments (which are a lot smaller then this place) rent for around 1750.
For anyone trying to figure out this blog:
real estate = egomaniacal narcissists
that’s about it
Of course, why not? It’s a much better neighborhood than the UWS, let alone Cleveland, and in Cleveland people are jumping over each other to pay $800k for one bedrooms with clanking radiators and no w/d or a/c. In fact, they are happy to pay four or five times the rental value.
This place is a relative bargain, since you’d probably have to pay $1500/month to rent a comparable one, and the costs to buy it are only about $5000/month.
Yep that’s right, 3:25. That means people love Park Slope, despite your best efforts to trash it. The neighborhood is in the press CONSTANTLY and while a lot of it is ridiculous and silly, it makes people want to live there even more. My girlfriend who works at one of the top 3 brokers says that Park Slope is having a banner year in terms of sales. She says it’s the first neighborhood the majority of people want to look at if they’re moving from Manhattan and she said the interest from foreign buyers has been nothing if not “shocking”
Almost $800k for a 1 bath glorified 1 bed in Park Slope?
Some of the people posting on this blog get more and more pathetic with each passing day.
Pikers. I’m bidding $1m. If prices are going to go up 5-7%/year, why not pay more. 5% of $1m is more than 5% of $750000, so I make more money by spending more.
I guess 12:56 was right. I’m putting in an offer of $775,500.02 plus a full month of complimentary babysitting tomorrow afternoon. It’s going to be a long night for 2:22/2:26. Try to tone down the cockiness next time.