Co-op of the Day: 415 Argyle Road, #3J
This two-bedroom co-op at 415 Argyle Road in Ditmas Park strikes us as exceedingly average, and that’s why it’s interesting. The 1,000-square-foot pad in the 1961 building is attractive if a bit unsexy—decent wood floors, no moldings—but it does have a kitchen and bathroom that look like they were renovated recently. The asking price? $379,000….
This two-bedroom co-op at 415 Argyle Road in Ditmas Park strikes us as exceedingly average, and that’s why it’s interesting. The 1,000-square-foot pad in the 1961 building is attractive if a bit unsexy—decent wood floors, no moldings—but it does have a kitchen and bathroom that look like they were renovated recently. The asking price? $379,000. Is this market right now?
415 Argyle Road, #3J [Brooklyn Hearth] GMAP P*Shark
A 5th floor apartment similar to this was sold renovated by the Sponsor last year for I think 354k. This is very overpriced. I do not understand why it is bad that the Sponsor has sold their units as a previous post mentioned – would it not be worse if the Sponsor held on to those units! Also I understand for people who live in the building there is a 80% carpet requirement – this apartment I think is showing a little too much hardwood that the next owner will not be able to get away with.
I’ve lived in the Ditmas Park area for 30 years. I’d never live anywhere else. Great place to raise a family. Two wonderful elementary schools (PS 217, where my boys went, and PS 139). A short walk to Midwood or Murrow High Schools, two of the city’s best. Less than 30 minutes to Union Square on the Q. No, it’s not Park Slope, and most of us are glad.
Plus, you don’t have to drive around for 45 minutes looking for a parking space. If you’re of the automobile persuasion.
Ditmas Park is a great neighborhood. I’ve lived around here for, well, six+ years, longer than the recent gentrification wave but not nearly as long as most of the people here. It has a nice small-town feeling – I run into people I know on Cortelyou all the time. There’s Sycamore Bar & Flower Shop, a wine shop, the Farm, Picket Fence, Pomme de Terre, San Remo Pizza (and Lo Duca’s on Newkirk, along with a great Caribbean place), a quirky camera shop, Top Cafe Tibet, Mimi’s Hummus, Madina, Cinco de Mayo, Vox Pop and Connecticut Muffin for coffee, the Flatbush Food Coop and Natural Frontier Market, and much more. Basically, a little of everything, and very convenient transportation (Q and B trains, B68 bus) if it’s too small for you. A new bar just opened this past week, too, and there’s a Filipino restaurant scheduled to open in the spring.
This apartment is actually not a bad deal for a 2br in the immediate area of Cortelyou Road amenities–you can stumble literally around the corner to a decent cafe, a decent bar, a couple of good restaurants, one excellent restaurant, and a fairly good subway line. The problem is that this building only allows dishwashers in their duplex apartments because of some engineering report from the 1960s. Also, as others have commented upon, this is small for a 2br apartment in this part of Brooklyn–most 2br/1 bath co-ops in Ditmas Park or Kensington are over 1000 square feet.
I have been renting a 5 bedroom coop in the bldg next door for the last 7 months. There have been 2 sales in my bldg this month at 400K plus. This is a great block, Courtelyou has some really fine merchants including the best Hummus at Mimi’s Hummos on Courtelyou. Why would you say negatives things about this area when you don’t know it. In my bldg, there are 18 tenants that have been there for over 25 years. There are lots of families moving to the area, first time real estate buyers who are forced out of the slope in the need of more space. You can’t compare this to new cheap condo developments. And I get to 14th St. faster on the Q, than I did for 20 years on the F from Bergen St in Cobble Hill.
Nope. It’s not the market. There are going to be failed condo projects in the financial district that will be selling for $400 or $500 per square foot very soon. $400 per square foot for a co-op in Ditmas Park is still way too high.
i got friends who live in this building. it’s pretty okay, pretty chill. thoroughly gentrified now. maintenance is a little high. i like the ‘hood. park slope has more going on. prospect heights is grungy and cooler. but ditmas park is good for families who ain’t making banker or lawyer dough. more resto’s are opening. but it still ain’t no park slope. but then again, nothing is.
Just an interesting note I just read:
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Foreclosures in all five boroughs of New York City decreased by 3 percent between January and February of this year, to 269 from 278 new foreclosures, according to the February foreclosure report from Propertyshark.com. Compared to February 2008, foreclosures have dropped 10 percent. Single- and two-family homes saw the highest number of foreclosure auctions, while condos and co-ops saw the lowest in February 2009.
Foreclosure statistics in the boroughs varied widely year-over-year. Brooklyn foreclosures dropped by 77 percent between February 2008 and February 2009, to 12 foreclosures from 53