Co-op of the Day: 360 Clinton Avenue
This massive prewar apartment at 360 Clinton Avenue in Clinton Hill just hit the market and looks pretty interesting. With its current price tag of $850,000, the 1,972-square-foot apartment is priced at about $430 per foot; given that there’s not a doorman, the monthly maintenance of $1,673 doesn’t seem like a bargain (but is probably…
This massive prewar apartment at 360 Clinton Avenue in Clinton Hill just hit the market and looks pretty interesting. With its current price tag of $850,000, the 1,972-square-foot apartment is priced at about $430 per foot; given that there’s not a doorman, the monthly maintenance of $1,673 doesn’t seem like a bargain (but is probably explainable by the fact that, from all appearances, this big spread is likely the result of combining two apartments). Waddya think?
360 Clinton Avenue [Douglas Elliman] GMAP P*Shark
guess the wait is on.
that apartment is huge and for that price, a very good deal. i would definitely buy it.
“wasted space” is what makes a grand apartment really grand.
I like the idea of having all those rooms. 11!
I think some posters are not understanding how big a place this is. I would imagine the rental for this would be at least $6,000 a month. it has four bedrooms and three bathrooms and an extra study.
Combined apartments are farly common in the nicer parts of Brooklyn where people are willing and able to pay for space.
“Think an offer of 725k has any shot of being accepted?”
I bet yes. Maybe not right away but in a few weeks when they haven’t hit their ask probably so.
Remember seeing in 2002 the huge 2 bdrm units (bigger than the 2 bdrm of this combined unit) for ~340k and similar 1 bdrm units for ~260k. relatively to those price pts ~6-7 yrs ago (units then not as good condition as this), it’s actually one of the more modest mark-up (~250k appreciation over 7 yrs) I’ve seen in a long time. 850k is not cheap but see more expensive listing out there currently. Think an offer of 725k has any shot of being accepted?
Combining apts, doesn’t necessarily have to mean wasted space. This one is just laid out very very badly.
btw – looks like they’re using the 12′-1″ x 17′-8″ ‘bedroom’ as the dining room.
– They should have sealed off one entrance.
– Or considered buying some of the public corridor and creating one entrance (facing the windows) and a squared off ‘office’ area, by knocking down that north wall, that could have been used as the dining area.
Is that too far from the kitchen?? Then they could have left the other kitchen location, which I bet is where the ‘office’ is. Enlarged it a bit (would have had to fight the co-op board for that) and made the family room the dining room.
– or ‘family room and the ‘bedroom’ to the right combined to create a master bedroom suite with walk-in closet, sitting area and private bathroom.
Oh, and there aren’t enough closets for an apt. this size.
When combining apts. the possibilities are plenty.
PropJoe, Daveinbedstuy: Anyone who would shell out almost a million dollars for an asset and not consider cash flow is the dumbass. Unfortunately, as you illustrate, this describes a good portion of Americans and goes a long way in explaining the mess we are currently in
That maintenance is the deal breaker for me.
Either you’re rich, and you buy this because you want a ton of space in a pre-war (not easy to find), or you’re not rich, and you don’t buy this. I agree with Sam that it’s not the type of property that attracts investors/flippers/etc. It’s a totally different class of buyer.