Co-op of the Day: 344 6th Avenue, #2
This floor-through brownstone co-op at 344 6th Avenue (between 4th and 5th Streets) is attractive but not a show-stopper. The bay windowed-living room is the nicest part of apartment; the kitchen is pretty blah and the bedrooms, while attractive, are on the narrow side. The sellers cost basis for this place is $610,000 from back…
This floor-through brownstone co-op at 344 6th Avenue (between 4th and 5th Streets) is attractive but not a show-stopper. The bay windowed-living room is the nicest part of apartment; the kitchen is pretty blah and the bedrooms, while attractive, are on the narrow side. The sellers cost basis for this place is $610,000 from back in ’05, so the current asking price of $665,000 is reasonable in that context (and the monthly maintenance of $520 is pretty low too). That said, we’ll be surprised if this one clears $600,000. We shall see.
344 6th Avenue [Corcoran] GMAP P*Shark
Why would you even buy this right now for 550k? Why not just wait and see until 2010 begins? If you’re renting — and rents are falling — why move? If you own — and prices are falling — why sell?
Posted by: Bolder at March 3, 2009 6:09 PM
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Why would they SELL? Hmmm … because the reality might sink in at some point that you’ll wish you’d taken the 550K when it’s going for 425K this fall or early next year. Amazing to me that there are still some people who seem to think that spring or the stim or whatever will refloat the market. Next bubble please!
how’s this BklnSoFar?
http://âž¡.ws/parkslope
The St. George sucks. The ceilings are very low. The maintenance, however, is very high. The windows are small. The hallways are claustrophobia-inducing. The building has had several serious fires over the years. When the market drags the apartments in the St. George go begging. Only those in the old Grill Building portion are nicely proportioned, but that is a small 7-floor portion separate from the tower. And as far as I know residents do not get free membership to the health club, just a discount. And the health club (Eastern Athletic) is a sweaty airless underground grotto. Yikes.
Thank you, Sam.
The pool is behind those blind arches on the building’s base. It was always in the art deco building not in the 19th century building that burned down many years ago. Today, the pool is part of the health club that shareholders belong to automatically.
Chicken — Thank you for the site of the French chateau, although it is further from the subway. No pictures of the kitchen, it is a good thing, causing collision among commenters. Must be some way to add the word “slope” to the title.
http://www.prestigeproperty.co.uk/property/104652/French-Chateau-in-20km-from-Fougeres-Ille-et-Vilaine-35-France/#
About the St. George Hotel, does anyone know the status of the famous *swimming pool*, if it was in the part of the hotel that was in the fire a few years ago, and the state of that swimming pool today? I searched some on Google, but didn’t find that exactly.
I wonder why the realtor said to stay away from the St. George.
Yes, what Petunia said. After our 6th ave pad, we moved to a coop on the south side of 5th Street near 4th Ave, and that was definitely right on the other side of the 321 zone. Many of the parents in the building sent their kids to that school on Carroll, I think the Brooklyn New School?
SS, that would be funny, haven’t heard that. Then again interesting that neither the Novo or Corcoran websites state that it is in the 321 zone.
Having sussed out 2-brs in park slope in 07, this price is a huge discount to what was on the market then– as it should be. But this is a good example of a not-so-perfect place (walkup, narrow, no storage) that won’t move in a bear market, period. Why would you even buy this right now for 550k? Why not just wait and see until 2010 begins? If you’re renting — and rents are falling — why move? If you own — and prices are falling — why sell? For me to buy right now, if i was looking, it would have to be my dream place at a deep discount. For most people, this isn’t it.