Co-op of the Day: 63 Cranberry Street, Parlor Floor
What a difference a financial crisis makes! This floor-through two-bedroom at 63 Cranberry Street in Brooklyn Heights started its listing life less than three weeks ago at an asking price of $1,250,000. Last week that number was cut to $1,150,000 and this week it got another chop down to $1,050,000. Given that it has only…
What a difference a financial crisis makes! This floor-through two-bedroom at 63 Cranberry Street in Brooklyn Heights started its listing life less than three weeks ago at an asking price of $1,250,000. Last week that number was cut to $1,150,000 and this week it got another chop down to $1,050,000. Given that it has only 900 square feet of interior space, the second bedroom is tiny and the kitchen is not dressed to impress, it had no business at its original asking price. It does have location on its side, as well as a 400-square-foot garden. Our favorite room in the house is this dining room, whose beautiful, large windows give it a nice old-school vibe; the living room could probably benefit from a little styling for the purposes of listing.
63 Cranberry Street [Corcoran] GMAP P*Shark
FYI – on the private garden, it is actually private. the way the brownstone is set up, the apt i saw in june has a backyard right out its backdoor that is quite large and fenced in. the apt on the mkt now has a backyard that is behind the fenced in backyard for the other apt, you get there by a small path along the side of the building i think.
So is the “private” garden shared by the building? Both listings can’t be right. I guess the broker is exaggerating more than the square footage. By the way, the building footprint is only 20×40, so even before excluding the common hallway stair, it only starts at 800 sf per floor, and goes down from there when you subtract the hall – 750 sf sounds about right.
If you take the current asking price of the apartment by the more realistic square footage of 700sf, this seller/broker is asking $1500 per square foot. That’s almost double what they should probably be asking right now.
by the way, this is the listing for the apt that was on the mkt back in June, and the pictures:
http://www.corcoran.com/property/PhotoTour.aspx?Region=NYC&ListingID=1298466
http://www.corcoran.com/property/listing.aspx?Region=NYC&listingid=1298466
This is definitely NOT the apt that when on the mkt in June for $995K. That apt was actually far nicer than this one, a total gut renovation with a much larger and nicer backyard. Albeit similarly sized (i’d say closer to 900 sq ft than 700) and on the garden level, it was very nicely renovated throughout by a couple that intended to stay and then got transferred out of the country. I saw that place when it was on the mkt, went to two packed open houses (thought it was back in June), and found out it actually sold very quickly for right under asking price.
The broker/seller is a desperate hack. I have experience with her and all I can say is, the square footage is definitely waaay under what she says, the fireplace likely does not work (I would demand she back it up with an inspection), the ceiling heights are not as stated, and of course, she’s overpriced this apartment exhorborantly.
I would say the broker is just biased because it is her own place and she wants as much as she can get, but typically this is her style when it comes to RE sales. Look at how much this one has flucuated since she listed it.
http://www.streeteasy.com/nyc/sale/196882-coop-2-grace-court-brooklyn-heights-brooklyn
Wow, I’m amazed that the broker has the gall to *increase* the ask from 995 to June to over 1 mil now. Talk about having your head in the sand! What is wrong with some of these brokers?
A little help for the spatially challenged – where is the dining room on the floorplan? Is it the second/rear bedroom, off the garden?