Co-op of the Day: 905 Union Street
This Park Slope FSBO is one of the nicer apartments we’ve seen in the mid-six-figure range in a while. Located on Union between 7th and 8th Avenues, it looks like a nice starter apartment whose second bedroom (they call it a den) could handle a baby but not much more. If this is indeed a…
This Park Slope FSBO is one of the nicer apartments we’ve seen in the mid-six-figure range in a while. Located on Union between 7th and 8th Avenues, it looks like a nice starter apartment whose second bedroom (they call it a den) could handle a baby but not much more. If this is indeed a floor-thru, as we believe, then the asking price of $550,000 sounds about right for prime Park Slope, if you buy the math that 4 x $550,000 would give you an entire brownstone for $2.2 million. There were two open houses last weekend, so we’re betting some of you have seen it. Heck, for all we know, there are already offers.
905 Union Street [Kleinmatic.com] GMAP
ED, preaching to the choir! I was saying that a 2BR in brownstone building, in prime Slope, is prob not going to go as low as 550. I think Anon 2:03 is the one with whom you disagree.
“Don’t these brownstone converts command less than those “bonafide” condos/coops in bigger buildings? I’m always turned off from these types of listings.”
I would say. Brownstone converts have less owners to fall back on in terms of maintenance in case of a problem. The layout of the apartments do not maximize space because of the shape of a brownstone. I think it is hard to get a good two bedroom in a brownstone that is not a duplex and within the mid six figure range. Am I wrong? I’d prefer a prewar larger building.
Don’t these brownstone converts command less than those “bonafide” condos/coops in bigger buildings? I’m always turned off from these types of listings.
“But for $550,000 I think a real second bedroom is necessary.”
Good luck finding one! It’s hard enough to find 1+ BRs for under 575k on prime Slope blocks. Union does have a lot of traffic, but this is close to GAP, trains, 7th Ave, etc and based on open houses I’ve attended and recent sales I’ve noted, they will prob be able to get their asking price. We bid on v. similar apt on 7th Ave (b/w St John’s and Lincoln) which had almost identical layout and it went for 599k, I believe.
fair amount of through traffic on union, which may be a draw-back for some
But for $550,000 I think a real second bedroom is necessary. I like Aguayo’s 2 bed in PH for $535,000 on their website. http://www.ahrlty.com/C250G/C250G.html
you don’t need a closet for it to be a legal bedroom. you need a window and at least 100 sq ft.
It’s a nice place; they should get the price. Also, low maintenance.
from their pics – looks like they have baby already so looking to move.
and floorplan does show as entire floor.