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
Not sure what you mean, DarkandStormy. Freshdirect does go to Ditmas Park and has for some time. There are good restaurants, like Pomme de Terre on Newkirk and The Farm on Cortelyou. It’s not that far from the city. The B train goes right through it and will get you into Manhattan faster than the F from Park Slope. Not that I really care, as I don’t know anyone in Ditmas, but let’s give credit where credit’s due.
I dare you to take the F-train vs Q-train challenge… long trip to the city. Pistachios!
Also… of course there’s FreshDirect delivery in Ditmas, a bunch of restaurants… shopping is limited and the park is 5 blocks away.
Prices in this neighborhood have doubled (or more) in the past 3-4 years without a corresponding increase in amenities or desirability.
I think there is still quite a way for prices to fall.
The NYT ad has comparable sales in the building for $143,500 and $220,967 (in 2007 and 2006); of course, these might have been 1 bedroom apts. Still though, it makes the listing appear expensive
I don’t think prices, even like this, can hold up in a downturn in area with few amenities like this. Ditmas has its charm but it’s a long trip to the city and a long trip to the park, shopping, restaurants, etc. There are bad neighborhoods not far away and no Fresh Direct. There’s a 950 square foot apt. in a similar kind of building for sale in Windsor Terrace right now for $399. I’d never buy in Ditmas if I could afford WT.
Alsawo… not sure Caton Ave is comparable to Argyle (south of Cortelyou). But it’s nice to see these units are going for more *normal* prices instead of $500k+ type figures…
No private school tuition for my kids … just working the public school system & making sure the kids in to and get the best out of the good schools. If we lived here I guess I could afford to retire some day.
Plenty of two-bedrooms in comparable neighborhoods for under 300k. For instance, http://realestate.nytimes.com/sales/detail/44-1470795/brooklyn-ny-usa/2-beds/0-300000-price/PRICE-HIGH-sort/20-p/44-1470795–253-NS90227353–56-766372–2156-118001–2156-819065–46-779602–46-779632–44-1513974–2156-888004–2156-888013-ls/157-t
well, I guess I could afford that private school tuition for the kids if we lived here.