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
quote:
No one moves to NYC for the climate or the easy life style.
lol. i actually did sam.
*rob*
from the floorplan, calling that 900 sf is a bit of an exaggeration. Unless you count the common hallway.
to quote the great yogi berra:
“the place is so crowded that nobody goes there any more”.
that came out more smug than I meant it
this is a great 1 BR in a great location. However, at this price point of 550-600, i think many people are going to head south to 4th ave or cross nearby flatbush and find 2 BR’s for roughly the same price and prob even more sq footage. Who knows though, if you gotta be near the 2/3 and Prospect Park, this one seems perfect.
11217, I do think some of them will bolt — if you’ve made 10MM, and you’re faced with making 200K, you quit, and you go open your bookstore in Boca. I’m more worried about the rank and file who were in the 300-500K range. Not rich by NYC standards, but making more than almost any other profession would allow. the “before” picture is a 3-BR and private school for the kids. The “after” is neither of those things. But I don’t know, I’m just projecting the situation of myself and everyone I know. The total wealth/income effect is the real point I’m trying to make.
> “For it to shrink, we’d need to go below 8,008,288 (the 2000 census number).”
No, for it to shrink, it has to go below the estimate of 8.3 to 8.4.
“I also think the population will shrink in the next few years, as more people lose their jobs and re-think NYC.”
For it to shrink, we’d need to go below 8,008,288 (the 2000 census number).
From all reports I’ve heard, we are past the 8.3 mark at this point and some say 8.4.
Do you really think that 300,000-400,000 are going to be leaving the city in the next year? You do realize that lots of people who have lost their jobs WILL find new ones, right? Many won’t, but to assume that these Finance people who made 10 million a year and are now laid off are going to bolt for Cleveland is odd to me.
I guess we’ll find out in the next census.
Yes, the population of Manhattan did seem to peak in the 1920’s, although it has increased during the past 2 decades.
In any case, since *generally* it would seem the entirety of NYC is continuing to grow (I attribute the only really substantial decrease from 1970-1980 due to “white flight”) it would make sense that this is better news for Brooklyn and the other outer boroughs. Well if one considers more people good news…
There will certainly be older people moving to warmer climates I suppose you have to also factor in that NYC has become kid heaven. The number of children under 5 in NYC has gone through the roof in the last decade. It’s my impression that lots of kids who grow up in NYC end up staying or at least coming back after college. More than those raised in other parts of the country, it seems.
So many kids being raised in the city again now will be interesting to track and see what happens…