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
Honestly, if I were looking to buy right now, I’d bid on this place. I love it that much. I’d try for 400K.
Yeah, roof value should not be overlooked. It wouldn’t be that hard to put a deck up there and I think a lot of people in NYC would pay a premium to have an exclusive deck on a nice block like this…
I feel like the duplex aspect of it would make it nice for a couple without kids. Wouldn’t it provide a bit more privacy? I love the idea of retiring upstairs for the night, while the other person stays downstairs to read/watch tv, whatever…
Obviously ideal for 1 person, but I think a couple could make this work really easily too.
More4less, does your $2700 factor in the mortgage interest deduction? With that, I don’t think it’s all THAT far off from a rental. You aren’t going to find a rental done to this level, I don’t think either. With the roof, washer and dryer in the basement etc, I’d say this would rent for 2400 maybe….
I agree…500K is steep, but it looks pristine and some people care about that.
Some were saying that 530K was starting to look attractive for the Edge i bedrooms (although it turns out they are not price chopped, but still 695K or whatever for a 1 bedroom) so to me, this is a MUCH more attractive option.
It’ll sell somewhere in the 400’s.
monthlies (mortgage + maintenance) would be around 2700/month. would 2700 yield a much better unit (rental-wise) in the area?
that said, very cute place. would be better if it was NOT a duplex w/ spiral stair case
monthlies (mortgage + maintenance) would be around 2700/month. would 2700 yield a much better unit in the area?
that said, very cute place. would be better if it was NOT a duplex w/ spiral stair case
11217, you are right, I forgot to add the kitchen dimensions, so it’s probably accurate enough. Still though, it is very very small. I think it would be a fantastic starter apartment for someone, if it were priced around $350,000. At this price, someone needs a sugar daddy to afford it.
I do like that kitchen though.
Once you factor in the usual Corcoran inflation of the square footage, the psf is quit ridiculous. And the spiral staircase kills it for me.
Offer $300k.