Co-op of the Day: 135 Prospect Park SW, #F12
This one bedroom at 135 Prospect Park Southwest is both beautiful and large. It has nice prewar character and views of Prospect Park as well. At $458, the monthly maintenance is also quite reasonable. If this were on the Park Slope side of the park, the asking price of $399,000 would seem quite reasonable. Its…
This one bedroom at 135 Prospect Park Southwest is both beautiful and large. It has nice prewar character and views of Prospect Park as well. At $458, the monthly maintenance is also quite reasonable. If this were on the Park Slope side of the park, the asking price of $399,000 would seem quite reasonable. Its location in Windsor Terrace, while very nice in our book, certainly makes the price more challenging. Not impossible though. Do you think they can get it?
135 Prospect Park SW, #F12 [Brown Harris Stevens] GMAP P*Shark
It’s a co-op, so I’d be surprised if you’re going to get the bestest mortgage % rate… you’re forgetting things like PMI too. So, yeah, at $400k and after you’ve ponied up $80k for a downpayment… you’re looking at $2500+
And we’re all praying the $460 a month maint. doesn’t skyrocket.
“That would be $650-750 at least, on the UES.”
As northsloperenter pointed out, it won’t cost that much. The prices for one beds on UES are cratering, two beds are hanging in there for now.
Take your pick!
http://www.trulia.com/NY/New_York/#for_sale/5260_nh/1p_beds/price;a_sort/
Here’s one example.
http://www.corcoran.com/property/listing.aspx?Region=NYC&listingid=1519812
Maintenance is higher but starting price is lower.
3,500+ a month? How are you doing your math. If you could do 10% down (which is doubtful in a coop) and using the 5.5% 30 year mortage on a 360,000 loan it is 2,044 a month. Plus maintanence you have about 2,500 a month. Larger down payment which would probably be required would bring this down. Also, my assumptions are well above the 5.15% for a 30 year that bankrate.com is showing.
i don’t get the “2500-3000” carrying cost statement. Assuming 20% downpayment and 5.5% rate (maybe lower?), monthly mortgage is around 1800/mo, so total of $2260/month carrying cost.
Anyway, I’ve noticed probably 6-7 1BR apts priced at $399K on PPSW in the past 6 months. Not sure where they ultimately land price-wise, but it seems to be the going rate.
Oh, I meant to add — while I don’t consider a foyer a room or half a room, I find that it adds a tremendous feeling of space. It’s like you can breath when you walk in. My sister just bought a place with a large foyer, and it makes all the difference. It’s a big place though, so it doesn’t feel like space elsewhere is sacrificed.
(Chicken… “bite my hand off,” as in “Don’t bite my hand off.” is usually only used in a negative sense of impatience, not positive excitement. Thought I’d be helpful with idioms today!)
I’ve been keeping an eye on this building and prices have been falling. I suspect they will fall further still.
I went to an open house a while back for a unit with this same layout. The bedroom is far larger than the living room, which did not really work so well in my opinion.
Is a foyer considered half a room?
Chicken!!
ok too funny, totally lost in translation
yes we are in agreement!