Co-op of the Day: 396 12th Street, #2R
This second-floor apartment at 396 12th Street in Park Slope doesn’t have a whole lot to get jazzed about (other than the original bay window), but it also doesn’t give us much to complain about. It is what it is: A 700-square-foot floor-through one-bedroom with minimal historic detail remaining and middle-of-the-road finishes. (And one helluva…
This second-floor apartment at 396 12th Street in Park Slope doesn’t have a whole lot to get jazzed about (other than the original bay window), but it also doesn’t give us much to complain about. It is what it is: A 700-square-foot floor-through one-bedroom with minimal historic detail remaining and middle-of-the-road finishes. (And one helluva ugly building next door.) The seller picked this place up for $326,000 in 2004 and is now hoping to get $463,000. Think he will?
396 12th Street, #2R [FSBO/NYT] GMAP P*Shark
i actually looked at the apartment below this one in 1998 for 76k dollars. i didnt buty it because this corner is a major local hangout, i dont think all of the apartments are converted to co ops and has some rent control living in them. that said the bodega on the corner is not too bad and they still only charge 75 cents for a can of coke.
wow,FeiFei.kids playing sports on the streets.how shocking.i know its a crazy concept for u out of town yuppies to grasp,but thats what kids do in urban centers all across the country.
I do think that the owner overpaid a bit in 2004. However, the price seems just a little over. I think at 600/sf it would go, the low 400’s.
First thing that jumped out at me was that PoMo fedders box to the right – that’s some hamfisted contextualism.
Developers are trying to sell similar converted railroads in Bushwick for $350K… so by those standards, this is reasonable.
Of course, that 2 bedroom in Boerum Hill on Pacific Street you all hated was a much better deal, but, eh.
It’ll sell, but personally, I hate converted railroads. Unrenovated railroads, sure. But with no original detail they all end up just looking dark, long and and narrow.
If this is really 700 sf, then 425-430 sounds like a pretty decent deal.
I still wonder why people who go the fsbo route can’t be bothered to declutter and spend a hundred bucks for a photographer. (or, even better, set up a web page where you can go on and on about your bathroom tile…)
This may be a nice apartment, but it looks like a dark dungeon the the photos.
I feel like 326K in 2004 for this place was pricey.
Does anyone else think that is kinda high for that time/location?
I just did some searching around a few real estate sites, and for the price and square footage (and maint), this place is a bit underpriced at 463K. Most 1 bedrooms of this size and location are in the 500K’s, from what I saw.
This one clearly needs a little TLC though, so a lower price sounds fair.
according to the inflation calc $326,000 in 2003 would be around $373,000 in 2007. If it goes for 400k it would be a minimal mark up over a 5 year period.
with that being said 400k sounds nice.
This place would benefit greatly from taking down those curtains and re-staging the place with smaller and not as much furniture.
I bet the owner could get his/her asking price if he spent a thousand bucks on sprucing the place up.