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
is poo mist same as fecal fog?
As Dave says, Chicken….let’s say the person buying this is 35 years old and takes out a 30 year mortgage. Done at the age of 65.
Figuring that the average lifespan is what almost 80, have you factored in the rent you’ll be paying from the age of 65 – 80 (on a fixed income, no less).
Doesn’t seem like you’re thinking long term at all, which is scary and a reason why half the U.S. population over 55 has less than 10K in savings.
If this apt did have two bathrooms, it would be hideously ugly. When I see as many — or more, the horror! — bathrooms as bedrooms in listings, I know to ignore the listing. It’s either post-war or someone did something horrible to get another bathroom in there.
As for the casement windows, you could put storm windows o heavy drapes over them if you’re concerned about the cold. It’s too bad nearly 100 percent of coops in New York with windows like this have replaced them. It’s significantly altered the appearance of these buildings, since often the windows are the only thing distinguishing them from the plain brick boxes of later vintage. And in landmarked areas, too. (Jackson Heights, I’m thinking of you.)
Speaking of Jackson Heights, it’s interesting that you can get a nearly identical apt there for about the same amount of money. Maybe $100,000 less, 1920s with fireplace instead of 1930s, and 150 more square feet. $100,000 more for Brooklyn seems about right, doesn’t it?
yes the chicken, but in 15-30 years the owner of this place will not be paying any mortgage when they are retired and your rent will likely rise every 1-2 years forever.. Think longer term.
$635k x 5% / 12 months + $744 maintenance = $3,390/month.
I pay less than that for 2 extra bedrooms, one extra bathroom, and another 800 sq feet in arguably a better neighbourhood (near Q on Cortelyou Rd).
Yes, my landlord could raise my rent over time but only if I consent to pay it (and rents are based in reality) but that’s a high price to pay for “security” when me and a friend with a van can move anywhere in a couple of days.
If the rent on this place is $2,500 (high but it looks a nice building), and you turn the above equation on its head, you get to a reasonable price of $421k.
We are not active traders.
I find it hard to believe that Dave in Bed Stuy works at all. How do you manage to post so many comments every damn day?
I lived in a place with casement windows for YEARS on the upper west side.
The beauty far outweighs the minor drafty nature, in my opinion.
I’ve always needed the window cracked in winter anyway (even in my current place) to alleviate the excessive heat.
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Anne maria and her daughters,
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They like misty water,
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Anne maria and her daughters,
They like misty water.
I like misty water,
I like fog and haze.
Anne maria and her daughters…