Co-op of the Day: 692 President Street
This top-floor duplex at 692 President Street has a couple of things going for it: It’s cute and it has exclusive roof rights. (The listing describes a slick new kitchen but fails to include a photo.) On the flip side, at 650 square feet, this one-bedroom is on the small side. Luckily, the monthly maintenance…
This top-floor duplex at 692 President Street has a couple of things going for it: It’s cute and it has exclusive roof rights. (The listing describes a slick new kitchen but fails to include a photo.) On the flip side, at 650 square feet, this one-bedroom is on the small side. Luckily, the monthly maintenance is only $536. The asking price, however, is $499,000, which is high on a per-square-foot basis, unless you place a lot of value on the undeveloped roof.
692 President Street [Corcoran] GMAP P*Shark
I like the apartment. I think it being a walk up and having a spiral would be OK for a year and then completely drive me insane. Think about all the running around to do your laundry.
No point in resenting mama’s boys and daddy’s girls when you prop this place as a “deal” for 400K. Who else has a $100,000 to put down and can pay $2,800 a month under the age of 23?
I like Park Slope…if only the people that live there didn’t live there.
Nothing is perfect in this world.
I looked at an identical unit in the building next door, circa 2002 – believe they were asking $250K-or-so. Needed kitchen & bath renno and was lacking a ‘real’ roofdeck too.
The only major downside, then as now, is that roof access is via a hatch & ladder – not ideal for cocktail parties…
Otherwise, this is a great space for a young couple – the duplex does increase the sense of privacy despite the low square footage. And the main floor has very high ceilings. That, plus the southern exposure make this a very cheery place.
And yes, President is one of the best blocks in PS.
As usual, the broker should have been more explicit about all this!
$500K may be too much to swallow in the current climate – but there’s not much else on the market in the totally prime PS core right now. Personally, I can’t stand the 4th Ave/South Slope new condos & think they’ll be a wretched investment for years to-come. So I’d definitely sacrifice the space/mod cons of a new condo for a reliable Center Slope co-op like this.
I used to live right across the street. That block is nice enough, but I’m at a loss why anyone would describe it as a ‘killer location.’
Yes Biff, and yesterday’s COTD was 599K with a $1200 maintenance for a 1 bedroom apartment. So effectively $1500 more per month than this place.
So had I known, I’d probably have linked this one. A much better deal no matter what neighborhood it’s in. And this one is high, even.
Nice location. Apt. is uninspiring, Bland to say the least….ho hum.
A very expensive 2-story small white box.
Heya Rob,
I didn’t much care for that quote either, since I’d personally love to have this place and I’m certainly not a student anymore. I think many non-students would love an apartment like this. Some people aren’t really based in reality all that much.
quote:
I would have loved to have an apartment like this as a student. Maybe someone will figure it’s cheaper to buy this than pay housing fees for their proud NYU 2013 graduate?
grrrrrrrrrrr
*rob*