Co-op of the Day: 32 8th Avenue
This floor-through co-op apartment at 32 8th Avenue in Park Slope is the best deal we’ve seen in a while. The 900-square-foot one-bedroom has all of the exquisite detail one would hope to find in a Park Slope brownstone, from the beautiful wood moldings to the inlaid parquet floor. A small extension on the rear…
This floor-through co-op apartment at 32 8th Avenue in Park Slope is the best deal we’ve seen in a while. The 900-square-foot one-bedroom has all of the exquisite detail one would hope to find in a Park Slope brownstone, from the beautiful wood moldings to the inlaid parquet floor. A small extension on the rear of the building also means that they layout works much better than your standard floor-through conversion. We’re going to go out on a limb and say that we wouldn’t be surprised to see this go for more than the asking price of $599,000, which would be quite an achievement in this market!
32 8th Avenue [Corcoran] GMAP P*Shark
This property was sold back in 2004 for $515k according to PropertyShark.com:
http://propertyshark.com/mason/nyc/Reports2/showsection.html?propkey=144980
We went to this open house today and there’s a reason the kitchen isn’t one of the pictures on display — it will need a complete overhaul to make it worthy to sell for $599k.
The bedroom needs some work too — the closet doors are completely out of character compared to the rest of the apartment’s details.
– $15k kitchen renovation.
– $5k to replace all the windows’ glass from single pane (huge loss of energy efficiency + noise reduction), which may not even be possible due to the building’s landmark status.
– Another $2-4k in wood matching & refinishing & modifications throughout.
$599k – $15k – $5k – $4k = this place should go for $575k tops, and that’s inflated considering the previous owners’ purchase price (and the fact that they haven’t put any work into the place since the previous sale…)
I’ve seen this apartment and the bathroom really is beautiful. Actually one of the selling points, not sure why they didn’t include a picture. And the kitchen is large with two windows and room for a table. I think it is a steal at the asking and will go for higher and so close to the park.
Thank you mopar just trying to put some reason into the heads of people that have ruined this country with their own greed and speculation. They should be ashamed of themselves.
Hannible is the voice of reason.
You real estate agents have nothing better to do while sitting at your office desks than to keep trying to prop up real estate prices do you? The cat is out of the bag. Real estate is going down down down and the people waiting on the sidelines are not going to fall for your bull now just like we didn’t fall for it during the housing bubble. There are few suckers left to get scammed into paying half a million dollars for a one bedroom condo, The price for a one bedroom condo is less then 200,000 dollars and I don’t care in what part of brooklyn it is in.
You are definitely paying for location with this one. Its a nice apartment, but not $599K nice. Thats close to the highest price for brownstone one-bedrooms even at the top of the market. And the bedroom faces the street and the kitchen and bath need updating. I cannot see anyone sane bidding near ask for this.
Well, so much for this property. $350,000.
I’m guessing that a lot of real estate agents who read Brownstoner are inflating the prices on the widget. It’s in their interest individually and collectively to do so.
I saw the apartment on Sunday, too, and was disappointed, despite some of the nice details.
First, the bedroom on the parlor floor overlooking busy 8th Avenue is absolutely untenable.
Just as bad, there are security bars on every window. It would feel like living in an expensive (and rather gloomy — not much sunlight) cage.
Didn’t think you were being smug at all Joe.
I like your posts.