Co-op of the Day: 422 State Street, #20
This two-bedroom, one-and-a-half-bath FSBO looks like a nice apartment for a couple with one small child. The apartment’s not particularly big (about 700 square feet by our guesstimate) but the space is laid out well and it looks like the current occupants created some efficient built-ins. For the size, the maintenance of $860 a month…
This two-bedroom, one-and-a-half-bath FSBO looks like a nice apartment for a couple with one small child. The apartment’s not particularly big (about 700 square feet by our guesstimate) but the space is laid out well and it looks like the current occupants created some efficient built-ins. For the size, the maintenance of $860 a month looks a little pricey for a non-doorman building, but there is a small common roof deck thrown into the bargain. What do you think of the $550,000 asking price?
422 State Street [FSBO] GMAP P*Shark
The Pacific street building had a similarly-sized 2 bedroom for 450K, I think? A few months back. That was a walk-up, and less nicely renovated… that was why I was wondering, from the outside, the buildings look pretty similar.
“overpriced by at least 20%-25%” – kdabrowski
I completely disagree. 25% off of asking would be $413K. I’ve been looking for months and I have not seen anything resembling a renovated 2 BR with 1.5 bathrooms for 413K in this area of Brooklyn.
Also 700 SF is not an “average-sized 1BR”. Out of hundreds of listings I’ve looked at, I’ve seen very few that size in this part of brooklyn, unless you go over 500K.
I think this is a very fair price based on my research over the past 4-5 months.
Dear Heather;
Per Ad-
“Boerum Hill / Downtown Brooklyn Coop
2 bedrooms, 1.5 bathroom apartment on top floor of ELEVATOR building. 12-foot ceilings – Southern and Western exposures.”
Only if you insist and need the exercise.
At 700sf this place is the size of a average 1 bedroom, and the $785 price is more than the average price per sq foot of the Ore or Toren.
Strickly by numbers this place is overpriced by at least 20%-25%. But from the pictures it does look charming and there are not many 2 bedrooms (however tiny) at this price point in the area. So my quess is it will sell close to ask.
Is it a walk-up?
That actually looks like less than 700 sf. But they’ve maximized it nicely. And it is an excellent location. Maint. seems high, though. I bet it has a tiny bathroom. I’m sort of nitpicking on this place b/c to me it’s an argument for going a few subway stops east and getting a larger 2 br.
The appliances look so small because the floorplan as a whole is grossly out of scale. Small living area in actuality.
I just moved to that part of State street so naturally I disagree that it’s the “wrong” part.
It’s beautiful, quiet, and it’s walking distance to Smith st., Fort Greene, and 5th ave. shops and restaurants. Not to mention the convenience of all the subways that stop at Nevins and Atlantic/Pacific stations.
I like this apartment a lot. Not the most ideal nabe, but close enough to everything in bk. If this can be bought for under asking, would seem like a steal. Given its proximity to the Nevins st subway, im guessing this would go for between 2500-2700 as a rental.