Co-op of the Day: 200 Congress Street
We were surprised to see that over more than four years of writing about Brooklyn real estate, we’ve never mentioned the co-op building 200 Congress Street. Maybe that’s because it’s about as unsexy as they come, neither historic nor modern, low ceilinged and lacking charm. On the other hand, it’s in a great location and…
We were surprised to see that over more than four years of writing about Brooklyn real estate, we’ve never mentioned the co-op building 200 Congress Street. Maybe that’s because it’s about as unsexy as they come, neither historic nor modern, low ceilinged and lacking charm. On the other hand, it’s in a great location and isn’t offensive in any way. It’s just kinda of low-key and middle of the road. Which is the kind of building where you can sometimes find a deal. At $415,000, we’re not so sure this 745-square-foot one-bedroom qualifies, but certainly is a good-sized place that appears to be in good shape; and with a monthly maintenance of $618, could be owned for about $2,000 a month given where mortgage rates are. Waddya think?
200 Congress Street [Halstead] GMAP P*Shark
>”I’m nostalgic for 750 square foot 1-bedrooms, since so much luxury new construction seems to consider that adequate for 2.”
Yes, I don’t see how 750 sq. ft. for a 2-bedroom can be anyone’s definition of “luxury.”
I’m nostalgic for 750 square foot 1-bedrooms, since so much luxury new construction seems to consider that adequate for 2.
Friends of ours own a one-bedroom unit in this complex. While the units aren’t the sexiest I’ve ever seen, the location couldn’t be better and the building and grounds are extremely well maintained. I would never pay almost half a million dollars for 745 square feet no matter how great the location, but I can definitely see the appeal of buying in this building. if prices on two-bedrooms were to drop substantially, we would consider it for sure.
Of course, when I first moved to Cobble Hill I used to walk by these buildings and assume it was some kind of rehab or retirement facility, so take that as you will…
Can’t figure out where you get $2000 a month total. More like $2800. Yes, a tax deduction is to be considered, but you still have to come up with that mortgage payment and maintenance every month. But anyway, not inspiring, but lovely location and decent price for the nabe. And being right near the park is a plus.
Mea culpa.
Oooh this thread degenerated quickly.
This is reminding me of the garbage disposal in the shower Seinfeld episode.
I’m not questioning the beauty of your bathroom. It’s just that an eat-in-bathroom is about as appealing as a poop-in-kitchen.
This looks like great space for under 450,000 in a fantastic neighborhood. My only hesitation would be that it appears to be a first floor unit, which I generally dislike.
On an unrelated note, is it possible for real estate agents to learn some basics of English grammer & spelling? “This park is EQUIPT with a large dog run…” Is equipped really that tough to spell?