Co-op of the Day: 325 Clinton Avenue, #11E
Here’s a solid one-bedroom on a high floor in the Clinton Hill Co-ops at 325 Clinton Avenue. These apartments aren’t fancy, but they are generally priced lower than similar places in the nabe. And this one, asking $319,000, has the benefit of great views from the 13th floor. (The kitchen is hurting though.) The monthly…
Here’s a solid one-bedroom on a high floor in the Clinton Hill Co-ops at 325 Clinton Avenue. These apartments aren’t fancy, but they are generally priced lower than similar places in the nabe. And this one, asking $319,000, has the benefit of great views from the 13th floor. (The kitchen is hurting though.) The monthly maintenance of $720 is also decent for a 750-square-foot apartment. Good buy?
325 Clinton Avenue, #11E [Corcoran] GMAP P*Shark
> “$4000 a month rent for a studio in the Bronx”
At which point, the maintenance on this apartment will be 6,000.
And as I mentioned, with the mortgage interest deduction, you will be paying WELL under $2000 a month to buy this place as well.
And you’ll have the added benefit of having a place to live when you’re retired and on a fixed income instead of flopping around from rental to rental figuring out how you’re going to pay your $4000 a month rent for a studio in the Bronx on your $1000 a month Social Security check.
“You have to open the main doors yourself after a certain hour (no more buzzing in), ”
wait, so if you have a visitor after hours, you’d have to physically go downstairs to let them in..WHATTTT?
A quick search of Craigslist… i found 2 or 3 one- and two-bed apartments within blocks of this place WELL under the $2000 mark.
The layouts are great in these co-ops but I think the maintenance is super high given what the building services actually are. The complex has security, but no doorman. You have to open the main doors yourself after a certain hour (no more buzzing in), and ancient elevators.
Bravo Heather…I happen to think the apartments I’ve seen in the Clinton Hill Co-ops are on the whole nicer and better values than the new “luxury” construction throughout brownstone Brooklyn. These seem like solid apartments with great light and good layouts that maximize space. These new condos are (at least for the 1BRs) cookie cutter boxes…they all feel like really nice hotel rooms, but not very functional spaces.
That said this place seems to need a lot of kitchen work…no cabinets?!? There are renovated apartments listed in this complex for not too much more than this place.
Some of you REALLY underestimate the mortgage interest deduction, especially in the first few years of buying a home.
This place with 20% down comes in at $2100 a month, before the deduction, and probably around $1800 with. Certainly a reasonable price equivalent of a huge 1 bedroom rental.
I’m being conservative with that 1800, as my refund this year works out to $575 a month and the place I bought was less than this.
tybur6 – I do not think you can find 1-bedrm for $1500 with this much space and this location. $2200 a month would be a good deal and you own it, which is an asset.
Good light, good space
but the kitchen is ugh and assuming the bathroom is too
I think it will sell quickly if the seller accepts $275K