Co-op of the Day: 70 Remsen Street
Here’s a nice meat-and-potatoes prewar listing in Brooklyn Heights that should hit the sweet spot of many apartment hunters. Wall color aside, this two-bedroom, two-bath place at 70 Remsen Street has nice prewar bones, a new kitchen and a more open layout than you’d expect to find. And obviously the 103-unit building is a charmer….
Here’s a nice meat-and-potatoes prewar listing in Brooklyn Heights that should hit the sweet spot of many apartment hunters. Wall color aside, this two-bedroom, two-bath place at 70 Remsen Street has nice prewar bones, a new kitchen and a more open layout than you’d expect to find. And obviously the 103-unit building is a charmer. The asking price of $865,000 also seems reasonable for a 1,060-square-foot pad in this part of town.
70 Remsen Street [Douglas Elliman] GMAP P*Shark
Love the building and location, with a little care it would become a gem
Thanks sam. I agree those are extreme examples, but most others in the neighborhood I’ve seen really seem to have more Manhattan than Brooklyn type per sf maintenance. Anyway, have a great night.
Biff,
The buildings you site are problem buildings. The apartments in them are actually quite cheap because the maintenance is out of control. The more established buildings have lower maintenances and higher reserves.
Here I am, talking to you about reserve. G’night!
Nope, my bad, Biff. I thought you meant the Bangkok setup elsewhere. I’ll have to take a peek at Wasder’s post.
Ahhhh, got it. The setup was too easy. Sorry, I’ll try to be more challenging next time.
SnarkSlope, you’re badly needed in Wasder’s Forum (post). My setup line to you remains unanswered…
“One [hot thai cop] needed.”
Two please.
sam, interesting insight. As others have said though, I find most of the co-ops in Brooklyn Heights have higher than average (for Brooklyn) maintenance. I’m thinking of places like 75 Livingston, 111 Hicks, etc. I don’t think this is out of line with other buildings that have say 15+ units in the area.
This was residential hotel, not a day-to-day hotel. Dinners were served in the ground floor dining room and it was probably quite genteel until after WWII, when all of Brooklyn Heights went to shit. It is one of the nicest residential hotels in Brooklyn. A concierge is just a doorman who has a fancy old concierge’s desk to sit at. Doormen/concierge are really a nice amenity. The maintenance here is too high. It is a red light indicating that the building may not be in such good financial health. Before one thinks of buying you should check out the debt-to-share ratio of the units as well as when the underlying mortgage comes due. A mortgage that comes due this year is not a good thing. The layour is nice although I have promised myself never to buy a houe or apartment with small bathrooms.