Co-op of the Day: Turner Towers Whopper
Our Turner Towers love-fest last week prompted one reader to bring our attention to another, larger listing in the grand old co-op. This seventh-floor three-bedroom weighs in at a whopping 1,800 square feet and has a large dining and three bedrooms to boot. Downsides? The kitchen and bath “need work.” The price tag for this…
Our Turner Towers love-fest last week prompted one reader to bring our attention to another, larger listing in the grand old co-op. This seventh-floor three-bedroom weighs in at a whopping 1,800 square feet and has a large dining and three bedrooms to boot. Downsides? The kitchen and bath “need work.” The price tag for this pre-warry goodness? $1,100,000. Any recent comps in the building for this? We couldn’t find anything relevant on Property Shark.
135 Eastern Parkway 3BR [Douglas Elliman] GMAP P*Shark
Christine Blackburn:
I guessed as much. Checking the apartment’s columns and beams shows the walls don’t quite align with the structural system.
That third bedroom actually makes the apartment more elegant, if the buyer is willing to give up some space in the reconfigured living room and bedroom.
But two bedrooms facing the museum and Gardens?
What could be nicer!
NOP
Dear Commenters-
Just a quick note… this apt was originally a classic 7 (the living room and master bedroom were expanded where the third bedroom used to be) and can be easily returned to its original floorplan. That’s why we listed it that way. Kitchen and baths are usable as is, but most purchasers would want to renovate.
– Christine Blackburn (exclusive broker)
For comparison,#6E, which is about 1,760 SF, closed in early Jan. for $785,000.
having lived in the A line of turner towers at one point in my life…i found the comment about the presumed darkness of the apartment rather puzzling. the A line has very few interior windows, and is so flooded with light at times you feel like you’re in a greenhouse. also, the view is spectacular…and the access to the subway is unrivaled. the negatives are the lack of restaurant options…coffee shops, etc…the area can be a bit isolating, but if you have children the large space may trump those issues…
11217,
I’m glad the neighborhood is coming around. I admittedly haven’t been there (other than riding my bike down Eastern Parkway) in almost two years.
Who knows, maybe 800K is more appropriate today, at this moment, but I genuinely believe we’ve only seen the tip of the iceberg on the bubble bursting. In 2010-2011, I’d bet this’ll be at 400K or less. Not because I think the entire market will lose that much, but because this is a particularly far-flung property. Right now, there’s a 3BR prewar (two combined apartments) for sale on Pierrepont near the promenade for 100K more.
I posted a couple of months ago that I’ve long been a fantasy shopper of 3BR prewars, and that for the past couple of years, there would only be 2 or 3 for sale in BH at a time. As of October, there were just shy of ten. Now there are 20. A third of them are priced close enough to this to make them comparable. I’m not hoping for anyone to get battered and bloodied by the real estate market by any means, but for the love of God people, do not buy right now. Man.
Bob Marvin:
Neighborhood boundaries are in the eyes of the beholder! And they always shift, one side of a street to another.
Wine Lover:
1996 wasn’t that long ago. $150K for a “bigger” place at Turner Towers means its prices have multiplied at roughly the rate they have in Manhattan — even if this million-dollar pad drops in value. (Still, I wouldn’t buy in this market, unless I planned to live in the property for a good long time.)
NOP
in 1996, i looked at a 15th floor apt – bigger even – with manhattan views. it needed an overhaul, but was $150K. i also looked at a penthouse, forget that price. that place was a bargain, and i knew it, but couldn’t handle the area then or the work required.
M.M. wrote [of the maid’s room in this apartment];
“I guess behind the kitchen is better than in a drafty attic, as in many larger brownstones and mansions”.
That’s where it is in my house which, at three stories [or, technically, two stories and basement] is neither a larger brownstone nor a mansion]. The closet is about a foot deep–enough for a couple of changes of uniforms. There’s an alcove that’s just as large enough for a single bed. However, that alcove fits our washer and dryer nicely and there’s enough space for the former maid’s room/now laundry room to double as my darkroom.
On another matter, it was interesting to read about the 1939 WPA guide’s distinction between Park Slope, centered on GAP, and Prospect Park West, extending west from PP. When I first met my wife in the late ’60s my future brother-in-law had an apartment on 8th Ave. near Carrol street and my (future) wife referred to his neighborhood as “Prospect Park West”. I didn’t hear the term “Park Slope” until 1969 or so.
from the 1939 WPA Guide to New York City:
“The PARK SLOPE DISTRICT, centering about the Grand Army Plaza entrance to Prospect Park at the intersection of Flatbush Avenue and Eastern Parkway, has been since the mid-nineteenth century Brooklyn’s “Gold Coast.” In the quiet streets off the plaza are rows of residences that rival the mansions on Manhattan’s Fifth Avenue. Around the plaza itself, and towering above the huge Soldiers’ and Sailors’ Memorial Arch, are tall apartment buildings, a solid bank of which extends down Eastern Parkway opposite the new Central Building of the Brooklyn Public Library and the Brooklyn Museum. Behind the latter are the grounds of the Botanic Garden, separated from Prospect Park to Flatbush Avenue. The broad, tree lined parkway, leading straight to the arch, recalls the Cmaps Elsees.
Prospect Park West is an equally fine neighborhood, which west of Sixth Avenue changes into an area of seedy houses, industrial plants, and warehouses. In the latter section dwells a small colony of Newfoundlanders, known to the neighborhood as “blue noses” or “fish,” who gain a livelihood on the fishing smacks that go down to the sea from Sheepshead Bay.”