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
> “I’d try for 300K or 325K.”
Sounds reasonable to me.
My main concern about this building is that I believe the sponsor sold off about 75% of the units in the past five years.
That many “10% down and no board approval” sales – during the “you got a pulse you get a mortgage” days – gives me pause.
darkandstormy, your comments don’t make sense.
(White and Proud in Crown Heights covered most of my points already before I finished my post… but here’s my .02)
It’s 3/4 of a mile to the parade ground, then the equivalant of one long block thru the parade ground to the park. (I jog a lap in the park from near here frequently)
It’s within a couple of short blocks of several good restaurants (the farm on adderly, pomme de terre & others); anything in Park Slope is a 10 minute drive or bike ride away (or a short Q train ride).
“bad neighborhoods not far away” – not really worth a response, but live and go wherever you’re comfortable. No need to incite fear.
Fresh direct *does* deliver
http://www.freshdirect.com/site_access/site_access.jsp
(I don’t use FD – mostly shop at PS food coop, or costco, and there’s the flatbush coop, and another store within a couple of short blocks)
That said, prices may well head down here along with pretty much everything anywhere else.
It’s an additional 2 train stops on the Q from 7th Avenue (yes?) and is half the cost of most comparable 2 bedrooms in Park Slope.
Seems to me like the price isn’t SO bad. I’d try for 300K or 325K.
I actually like Ditmas Park quite a bit. I just don’t think that the significant price jumps of the past few years are merited or sustainable.
I’ve looked at units in this building. It’s not bad for what it is: a modest post-war apartment building. Floorplans are typically well-laid out and room sizes are fairly generous.
If you are looking for Victorian foofery, then this is not your type of building.
Ask $189,500.00
This is for all those who say Brooklyn is unaffordable.
Nice looking place for what it is. For 250 bucks, I’d add some moldings and you’ve got a nice place for a family of 3.
I’ve never been to Dimas Park so I will refrain from commenting and adding anything to this thread.
Randolph, care to add something???
There really is not very much appealing about it.
One bath, ugly facade, far from job centers.
Is the building solid financially? is it 75% or more owner-occupied? Does it have haelthy reserves? A garage? Those are the questions I would ask.
I don’t know WT and Ditmas very well… but I’d think Ditmas would be a lot nicer, actually.