Co-op of the Day: 111 Hicks Street, #8N
For a decently laid-out, two-bed, two-bath apartment in a prewar elevator building, Apartment 8N at 111 Hicks Street in Brooklyn Heights looked priced to sell to us at $650,000 until we noticed the cumbersome monthyl maintenance of $1,665. After all, this is equivalent to a $750,000 apartment with a maintenance of $1,100 or so. Think…
For a decently laid-out, two-bed, two-bath apartment in a prewar elevator building, Apartment 8N at 111 Hicks Street in Brooklyn Heights looked priced to sell to us at $650,000 until we noticed the cumbersome monthyl maintenance of $1,665. After all, this is equivalent to a $750,000 apartment with a maintenance of $1,100 or so. Think it’ll sell?
111 Hicks Street, #8N [Douglas Elliman] GMAP P*Shark
They must have really interesting coop board meetings.
supposedly there is a certain expensive building in brooklyn heights that caters to wealthy devil worshippers (im being serious btw) ala rosemary’s baby style was on the UES or something. it could explain the high maintenance fees! who knows! im losin’ it today.
*r*
TWENTY-THOUSAND DOLLARS per year… BEFORE your mortgage… the mortgage itself is silly, but this is crazy talk.
Every apartment I’ve ever seen in the old St. George – yes, it’s that building – appealed to me until I did my spread sheet and factored in the real cost of that maintenance. It’s a shame. I’m sure the maintenance is high to cover the cost of the loan that the building must have had to take out to do the conversion and renovations. But I would have expected it to drop at this point if the board had refinanced. Anyone know what the deal is behind the financials of this otherwise appealing building?
Every apartment I’ve ever seen in the old St. George – yes, it’s that building – appealed to me until I did my spread sheet and factored in the real cost of that maintenance. It’s a shame. I’m sure the maintenance is high to cover the cost of the loan that the building must have had to take out to do the conversion and renovations. But I would have expected it to drop at this point if the board had refinanced. Anyone know what the deal is behind the financials of this otherwise appealing building?
it’s so obnoxious when they so blatantly use photoshop to sun drench the windows to the max to mask terrible views.
*r*
I saw these apts. They are pretty tiny but the roof deck is amazing. Tourists would pay $25 to go up there.
Non merci! That maintenance is only going to go up…total deal breaker here. Significant reduction in the 20% range in our opinion for such a cumbersome maintenance.
Either I’ve been dienfranchised or the voting machine is broken.