Co-op of the Day: 21 South Portland Avenue
How psyched was the owner of this dripping-with-details floor-through brownstone co-op when Time Out NY named South Portland the Best Block in New York City the same week he put his place on the market! His parlor floor apartment in a 25-foot-wide brownstone has some extra juice in the form of a rear extension making…
How psyched was the owner of this dripping-with-details floor-through brownstone co-op when Time Out NY named South Portland the Best Block in New York City the same week he put his place on the market! His parlor floor apartment in a 25-foot-wide brownstone has some extra juice in the form of a rear extension making it a larger-than-normal 1,170 square feet and allowing for two bedrooms. The woodwork and mirrors are to die for. It’s unclear to us from the photo how nice the kitchen is. The asking price of $829,000 is definitely on the high side for the area but may not be completely crazy given the apartment’s pedigree. Did anyone make it to the open house on Sunday?
21 South Portland Ave FSBO [NY Times] GMAP
Stunning Parlor Floorthru in 25′ Brownstone [Brooklynian]
does anyone know if it sold, and if so what it went for?
um…what anon 11:22…
that Pier Mirror and marble thing would clearly added later. Don’t even fit in that space. Feel free to get sell them if you move in — no guilt needed
To the person earning 90K: you earn less than the median salary in NY. You should move to Ohio.
anon 8:55 – you can’t want things to go that badly because if they do, you won’t find a 90k job to pay that mortgage, even if property prices drop 50%. 50% just about brings it in Manhattan back to 2000 levels. Bk would have to suffer a greater fall to go back to 2000. 75% would bring it back to 1996/97.
To anon at 7:51, this may not make you feel any better but my husband and I have a combined income of slighly over $500K with another $300K in cold hard cash and we have been looking to buy a house in PS for over a year with no luck, we are all feeling the pain.
1) It is indeed ‘only’ freakin’ Brooklyn. Always has been and always will. It is definitely NOT Manhattan, so unless we’re talking the Heights or DUMBO, you might as well be in Jersey.
2) If you’re in Jersey you might as well be in Tibet.
3) If you’re in Tibet you might as well commit yakicide by intentionally getting yourself run over by a yak, it’s THAT depressing.
CONCLUSION: Better to be run-over and killed by a yak in Tibet than to live in Brooklyn.
When I hear that “It’s just Brooklyn!” talk it reminds me of people saying “It’s just downtown!” a mere 15 years ago.
“My point? 1) The RE market is due for a correction 2) Some areas have improved to the extent that buyers at your income level will never be able to afford even in the case of a decline”
Thanks for sharing the pain. Although in your case it doesn’t seem to hurt that much anymore, huh? (wink).
What you say is probably true. I’m actually living in much-more affordable California right now but I’m desperate to move back to NYC. And for me that means Manhattan, ’cause the rest sucks IMHO. The big question tho is just HOW MUCH of a market-correction are we talking here?. I think an enormous amount of people over-leveraged themselves and the hurt will only get worse over the course of at least the next three years. We’ll see.
To Anon 9:18 pm; Why go to HBS when I can go to HBO and watch your sister do porn on pay-per-view?.