Co-op of the Day: 141 Lafayette Avenue
As anyone who’s ever been in the courtyard of 141 Lafayette Avenue can tell you, this 21-unit co-op is one charmer of a building. (The casement windows seal the deal for us.) This two-bedroom apartment has lots of original architectural detail and plenty of windows; the one drawback, for some, may be that there’s only…
As anyone who’s ever been in the courtyard of 141 Lafayette Avenue can tell you, this 21-unit co-op is one charmer of a building. (The casement windows seal the deal for us.) This two-bedroom apartment has lots of original architectural detail and plenty of windows; the one drawback, for some, may be that there’s only one bathroom. The 950-square-foot pad has a monthly maintenance of $744 and is asking $635,000. There are open houses on Saturday and Sunday this weekend from 2 to 4 p.m.
141 Lafayette Avenue [FSBO/NYT] GMAP P*Shark
I like this listing better:
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1379283
The price is lower.
Its a Condo.
The building is very Nice.
I absolutely love this area. The guys that run the corner store on lafayette and cumberland are cool as hell as well.
>”prime Fort Greene” they say…
>http://realestate.nytimes.com/rentals/detail/44-1437343/CUMBERLAND-STREET-NY-11238
This place is about 1-block away from the shootout that happened a few weeks back.
I’m usually negative, but at $600K this sounds okay to me.
And not having two bathrooms in 950 square feet is a huge plus.
This zoned for ps20?
I just looked at a couple of those rental listings, Chicken and that last one is a dump. The kitchen is horrendous.
Sure, you can find cheaper, but the units are not as nice as this one. The fixtures are of poorer quality, you are not able to make design or major improvements, there are a host of other issues.
Renting is better for some, no doubt, but I would not call those apartments you listed as comparable. They may be comparable in size, but certainly not in quality, in my opinion. Some people just want inexpensive, and that’s great. But to get an apartment of this caliber, it would be very difficult to find for 2500 a month.
“as DIBS pointed out rent will rise forever in the long term.”
Nothing rises forever, in real terms, in the long term – especially not something like rent which is ultimately rooted in population’s ability to pay.
okay, let me take back the comment about relative neighbourhoods – it gets people all excited and is irrelevant to my central point.
Are the apartments that I highlighted reasonable comps for this place? If so, then I think my rental point stands.
Tax benefits is a valid point but I would counter with what have I foregone in opportunity cost? Remember that you make two decisions when you buy a place; 1) what price your going to pay, 2) how much to put down and how much to borrow. The two should be independent of each other but most people only look at their deposit and monthly payments.
The benefits of gained equity are false. You are forcing yourself to save with a mortgage, which is a good discipline but you are foregoing the opportunity to invest elsewhere.
Please note that I am not, and never have, argued against home ownership itself – only home ownership at the wrong price. Just because I can afford to, does that mean I should overpay?
Hey chicken while we agree this place is a overpriced in this market your logic is fuzzy since you haven’t considered the tax benefits, gained equity, and as DIBS pointed out rent will rise forever in the long term.
Now on the neighborhood thing do you really think Ditmas Park is anywhere as desirable as FG to most people? Arguably? You cannot be serious right? Why do you think your rent is so much cheaper? Try renting a place of equal size and condition to yours in FG and see the $$ differential. Not to get into a “pissing” match but we can assure you if taken objectively Fort Green is by far the better neighborhood on almost all levels ma chere.
PS: we may be biased since we live in FG but we’ve got friends in historic DP. Ah also we are renting fyi.
this looks nice as well. Similar size, similar location.
Maybe you just like paying more than you have to?
http://realestate.nytimes.com/rentals/detail/44-1447992/LAFAYETTE-AVENUE-NY-11238
Crazy man here again.
I don’t know Fort Greene too well so don’t know if this immediate area is as good but it is equidistant to the park.
http://realestate.nytimes.com/rentals/detail/590-595828/263-PROSPECT-PLACE-NY-11238
(extra 200 sq feet as a study and is furnished)
2 blocks to the south
http://realestate.nytimes.com/rentals/detail/44-1445860/SAINT-JAMES-PLACE-NY-11238
(crappy layout but also with a study)
“prime Fort Greene” they say…
http://realestate.nytimes.com/rentals/detail/44-1437343/CUMBERLAND-STREET-NY-11238