Co-op of the Day: 'Spensive on Hicks
Given the debate last week about the Grand Avenue brownstone condo, we thought it would be interesting to look at an even pricier unit in a subdivided brownstone. This three-bedroom, 3,200-square-foot place is asking a whopping $2.85 million. Granted it’s in prime Brooklyn Heights and the interior is nothing to sniff at, it doesn’t have…
Given the debate last week about the Grand Avenue brownstone condo, we thought it would be interesting to look at an even pricier unit in a subdivided brownstone. This three-bedroom, 3,200-square-foot place is asking a whopping $2.85 million. Granted it’s in prime Brooklyn Heights and the interior is nothing to sniff at, it doesn’t have that somethin’ special (over-the-top historic detail, for example) that we think you need to justify that price in this configuration. We think it’s going to be hard to find someone with that kind of dough who wouldn’t prefer his own house. Thoughts?
110 Hicks Street, #1 & 2 [Citi-Habitats] GMAP
in all the various posts about coops/condos with smaller number of units, I don’t think I have ever once seen mention of the higher risk if a single owner cannot pay their maintenance and/or mortgage. just something to keep in mind. you could be looking at months of double assessments while everything sorts itself out.
I took a look at the virtual tour: is there some reason the owners have nothing hanging on their walls (besides one painting in the first dining room)? Maybe they just repainted and want to keep the walls pristine for the next owner, but it certainly makes the place look like a crash pad.
I can’t comment on the value of this since I live in Houston TX and these prices require a little time to adjust recalibrate one’s gauges.
I can say though that I love your Brownstones and that you all have somewhat of a handle on preservation, whereas we here are used to heartbreak after heartbreak as historic structures are defenseless and routinely bulldozed.
This one does looks like the reno was without great concern for keeping any deep historic ambiance.
Actually, when they are next door, you can:
111 has a slightly snooty board, but if you can buy this, I’m sure you can pass that one.
Some of the apartments (my recollection is that there is a giant one on 10 or 11) have space rivalling (or exceeding) this listing with extraordinarily high-end finishes, and the complete price is 1.1 or 1.2, albeit with 2500 maintenance.
At that price:
a) you have the same space
b) you have a better view
c) your maintenance is the same
d) the arrangement is better because it is all on one floor and you don’t lose space to stairwells
e) you have many more windows
f) you get a doorman essentially for free.
I see no reason to drop this load of change when something just as nice is next door.
111 hicks is a coop w/ very high mntce and a very difficult board. still priced high but you can’t compare a private brownstore and a 32 floor high rise…
brownstoner. we understand it serves your purpose to compare a condo on hicks to one on grand but really a closer comparison to the condo on grand would be a condo in queens than one on hicks street.
Hey Anon 3:52 – check out the Brown Harris listing on Pierrepont Street for a 3BR, $1.1 mil, maintenance $995. I live about two minutes’ walk from that building.
Check out the virtula tour on the Citi-Habitats website. This place looks like two separate apartments – with two kitchens — one on the parlor/garden and one of the floor above the parlor
Given the price of a full Brownstones in this neck of the woods, this asking price does not sound too outrageous IF the “tri-level” that is described in the listing does NOT include the basement – a floor plan would sure help here. What is crazy is the maintenance! Cost being equal, I would rather have the 3 BR apartment in BH than a full house in any other nabe in Brooklyn. If anything comes on the market at $1.2m – $1.3m with common charges below $1,000, someone please give me a call.