Co-op of the Day: 111 Hicks Railroad Loft
$500 a foot in prime Brooklyn Heights? You betcha. There is one catch with well-located and well-appointed pad: A distinct shortage of windows. The railroad-style apartment has just two windows at the front; for a space that’s roughly 70-feet deep, that’s not a lot of natural light. On the other hand, it’s been nicely renovated…
$500 a foot in prime Brooklyn Heights? You betcha. There is one catch with well-located and well-appointed pad: A distinct shortage of windows. The railroad-style apartment has just two windows at the front; for a space that’s roughly 70-feet deep, that’s not a lot of natural light. On the other hand, it’s been nicely renovated and, at $699,000, is a heckuva a lot cheaper because of the lack of natural light. How do you think this will fare on the open market?
111 Hicks Street [Brown Harris Stevens] GMAP P*Shark
Also, add this to the pantheon of broker listing lies: this is NOT a 2Br.
No window = no bedroom.
Put a fork in it. All the frosted glass in the world can’t conceal that this place is a dump!
This is a joke!! Not sure why nobody has flamed about the ‘if this were SoHo’ comments, but even in Manhattan, this place would be a loser….
Just think: $1K per month per window!
Ms. Celano, I mean BH76, how big is the place?
to the musician who lives in this apartment with the ugly egg crate foam plastered all over his/her bedroom: umm howabout a pair of headphones?
Ok. This is snot as pretty but it has windows and light!!!! Higher floor and slightly lower mainteance for $26K more…http://www.brownharrisstevens.com/detail.aspx?id=934913
NorthHeights, that’s very interesting and kudos to the Board for their efforts in communicating various information in this way to the shareholders. However, I can’t easily ascertain from the website how this building is different than a typical co-op, i.e., the types of expenses noted are what one would expect.
It seems Ringo’s post gives the “real” answer.
Regarding the maintenance on this building, the “why” is complicated. They had a number of structural issues — one having to do with an infamous pool that was in the basement. But the bigger issues were having to do with a lawsuit with contractors and then two failed restaurants in their commercial space and THOSE lawsuits. They’ve had to spend a lot of money on this kind of crap and meanwhile, their hallways, etc are in need of updating.
As I said, I’ve heard they’re moving ahead. But who knows.
‘squeeze two floors into 14′
NYC DOB code…min 8’-0″ ceiling heights.
The maintenance is a building issue, not a neighborhood issue. The building even has a page on their website devoted to the topic:
http://www.111hicksstreet.com/building/development_finance.php4