Co-op Condo of the Day: 338 Prospect Place, #5E
A top-floor walk-up in Prospect Heights for almost $750 a foot? Not bloody likely. Granted Apartment 5E at 338 Prospect Place in Prospect Heights has a 600-square-foot private roof deck in addition to its 823 square feet of interior space, but we still can’t see someone shelling out $600,000 for the privilege. The current owner…
A top-floor walk-up in Prospect Heights for almost $750 a foot? Not bloody likely. Granted Apartment 5E at 338 Prospect Place in Prospect Heights has a 600-square-foot private roof deck in addition to its 823 square feet of interior space, but we still can’t see someone shelling out $600,000 for the privilege. The current owner paid $475,000 back in 2005. There’s some reference to a renovated bathroom, but it’s hard to see this current asking price flying. And if you wanted to sell the place and it was really worth $600,000, you’d think you could post a few photos.
338 Prospect Place, #5E [Moss] GMAP P*Shark
Photo by Gregg Snodgrass for PropertyShark
Here are the pictures:
http://www.mossrealestategroup.com/Brokerwebsite3/mossrealty/listingdetail.aspx?lid=570103
I live in this building. On the 5th floor. I moved in just over a year ago. Sure, walk-ups are not for everyone, but I’m used to the climb. And, the ample roof space makes it worth the trek. The roof is spacious, padded and recently completely renovated so it is very comfortable. The views are amazing. I’m up there every night. The building is very well maintained. The halls and stairs are vacuumed every day. The front desk security guards are friendly and accommodating. I’ve never been inside 5E, but I can say that I love the building.
I live on the top floor of a 4th floor walkup & have no problems: we’re fairly fit & moved-in prepared to carry suitcases, children, etc up & down. Yes, it’s not for everyone, but since we make use of FreshDirect for groceries & are generous tippers for any deliveries that we receive, we’ve had zero problems.
And we do have a private roof deck as a result [not to mention a skylight, better daylight than lower units & no overhead neighbors] – and we use the roof deck pretty much year-round, at the very least bbq’ing up there in the winter.
That said, this place is small, has a terrible layout [no window in LR = no deal no matter what], narrow bedrooms, is not on the best block in-town, and has a high maint.
Most importantly, it’s on the 5th floor. My mortgage broker said that it can be very difficult to get a loan on any walk-up apartment beyond the 4th floor. Any truth to that?
My 2-cents: $500K is a more realistic price, assuming they can get it to appraise that high.
On the plus side, only one bathroom!
On the negative: why not just get a rent stabilized 5th floor walk-up and use the communal roof deck? This area is chock-full of prewar buildings, it’s not hard to do.
Not referring to you, sam. Obviously.
I daresay you’re right, Sam. Still and all it’s a sad commentary when people are so shallow they condemn others out of hand as losers based solely on how many stairs they walk up.
The saying I heard had a much worse word than “loser”.
Look, this apartment could be great for skinny young people with little or no stuff. There are all kinds of people.
And in the future I think doctors will be able to change old knees and hips in a jiffy. but for now, for us poor mortals, we need to think of getting old and weak in the legs at some point. elevators make a whole lot of sense.
Not that I ever heard and I was born and raised here.
May not be for you or your age group but to each his own.
Are you kidding me?
Who are you the seller?
A fifth floor walkup is not universally known in
New York as the loser’s penthouse?
Listen you can own a five story house and never go up to the upper floors but if you live in a goddam fifth floor walkup you’re dog meat. you’re stuck.