Co-op of the Day: 358 Clinton Avenue
We’ve always liked this co-op building at 358 Clinton Avenue in Clinton Hill, mostly for its charming entryway. This 900-square-foot two-bedroom apartment has clearly been renovated recently, and overall it looks like they did a nice job. The layout’s a little funky, with the second bedroom stuck back behind the kitchen, but the space has…
We’ve always liked this co-op building at 358 Clinton Avenue in Clinton Hill, mostly for its charming entryway. This 900-square-foot two-bedroom apartment has clearly been renovated recently, and overall it looks like they did a nice job. The layout’s a little funky, with the second bedroom stuck back behind the kitchen, but the space has two exposures as well as 9.5-foot ceilings. The asking price of $599,000 seems optimistic in this market but given the condition not impossible.
358 Clinton Avenue [Corcoran] GMAP P*Shark
I think paying 500 or 550K (as you suggest cortnyc) for Clinton Hill co-ops is much crazier.
If they were half this price, fine. But for 50K less, they’d have to be a lot less ugly and charmless than they are now.
You are comparing apples to oranges.
Agree Dow that they don’t look great from the outside, but I think the buildings are well-maintained and the apartments have great layouts. That said, I can understand why apartments in 360 will sell for higher prices than comparable apartments across the street — I just think that the asking price is completely out of line with comps.
Very Washington State / Florida comparison, cortnyc. CHC is built and damn near maintained to the specs of the NYCHA. No?
I think those were for real two bedrooms. This is a nice space, but it s is really one and a half bedrooms. Regardless, anyone who dislikes the CH Coops that much will likely not want to live right across the street from them. I think it would be crazy to pay anywhere near asking for this apartment.
Considering a 1 bedroom sold last month at 321 Clinton for $545, $599 may be ambitious, but not insane.
Oh and the Clinton hill coops have all the charm of the prison on Atlantic Ave.
I lived in this building, and loved it. But if there is a room off the kitchen being positioned as a 2 br – na uh! I’ll bet the prospectus will call it a 1 br and that that other space was to be used as a dining room. You’d know for sure if there is only one bathroom as all of the 2-br’s have 2 bathrooms. That’s probably also why there’s no closet in the 2nd “bedroom.” On the plus side, the size of the rooms are really generous, the light is good, it’s a quiet well run building. On the other hand, you can hear your upstairs neighbors walking around because the insulation or materials between floors is of poor quality, the price of maint. was spiking, and will likely go higher as the price of heating goes up, and heating in the building was a problem (some apartments were 90 degrees during the dead of winter, but they couldn’t turn the heat down because others were only 60 degrees). They may have fixed that issues, as there is a lot of renovation going on. But what’s really important, Brownstoner, is where were you and the damned coop of the day listing when I was selling my 1 br in this building (which is really 360 Clinton Ave.) for below market value?
According to Property Shark the last three two bedrooms in this building sold for 550, 565, and 570 so the ask is not unreasonable. Given that it looks to be in move in condition and is located in one of the best blocks in Clinton Hill seems to support the ask.
You could also buy a much nicer, much bigger real 2 bedroom apartment in the clinton hill coops across the street for 50-150k less.