Co-op of the Day: 26 South Oxford Street
We’ve always admired this building at 26 South Oxford Street in Fort Greene from the outside but we’re not blown away by the way this ground-floor duplex looks based upon the lame photos on the NY Times listing. On a value basis though, the 1,353-square-foot pad may not be so bad given the backyard rights…
We’ve always admired this building at 26 South Oxford Street in Fort Greene from the outside but we’re not blown away by the way this ground-floor duplex looks based upon the lame photos on the NY Times listing. On a value basis though, the 1,353-square-foot pad may not be so bad given the backyard rights and the proximity to Fort Greene Park. The asking price is $699,000 and the monthly maintenance is $957. Thoughts?
26 South Oxford Street [NYT] GMAP P*Shark
Great location and yard are big pluses but I agree with what most everyone has said above about the interior. I would guess 600 even would get this sold, but who knows anymore.
So how are we determining worth, Townhouselady? There was an interesting post yesterday by a person with $121 in the bank, a secure job and s/he asked it the time was finally ripe to buy. There were a slew of responses but still no one knows when we’re at bottom. The listings I’ve seen still are asking prime prices and the brokers seem to think that if they dropped their price from 999 to 899 for a walk up in need of serious work, they’ve accounted for the “softening” of the market. It seems we’re all — buyers, seller and brokers alike — still using 2007 as a marker, but if this recession is as bad as it looks, we’ve got quite a way to go.
really not the worst looking place, livable as is, and negotiating down the price will let you update, though the price now seems fine for what youre getting. someone, especially with a kid, would value that rec room, backyard, and location.
It’s not about what you paid for it. It’s about what it’s worth at the time you put it on the market.
I’m suggesting that you’d have to pay ME $699,000 to live in this apartment.
All true, but PShark leads me to believe that the current owner paid about 659,000, so are you all suggesting she should be taking a loss here?
I’ve seen other places with similar layouts, and I always wonder: upper level reno and staging aside, how do we count the square footage for the large, nearly-windowless rec room? What psf should one pay for what’s essentially a finished basement?
Been past this building dozens of times – there are a few apartments in there where you have to ask “what the f—“? With this one, the LR/DR area is really cramped because of the staircase. And the BR widths are overstated. Rec room is what it is – a dark basement space. Location (Lafayette C and Fulton G are a block away) and outdoor space will sell the apartment – but not at that price.
I’d offer $515 K; the seller also needs to include a 16-lb. sledgehammer that I’ll need to demo this hideous place.