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
nice pied-a-terre. Very attractive and with an excellent location. Perfect for a confirmed bachelor/ette or as a love pad for a mistress. Not so good for an older person due to the lack of elevator.
Properties like this one will sell even in this climate. Although not for ask. I guess it will go for $525,000 or so.
525K gets it sold. Since it’s a coop, closing costs about 4K, prop tax $1,500, rent 2250 sounds about right.
THL — agreed. I’ve been running the numbers on the buy/rent decision, and I’m shocked to see how long you have to stay in a place for the transaction costs to amortize to the point that you’re better off buying.
I have a spreadsheet. what would you guess for rent on the same place 2250/mo? — also prop tax? I’m guessing about .25%/yr? closing costs 30K, selling costs 6% + 5000?
I’ll tell you what I get for the break-even time for various price appreciation scenarios if you want to help me with the inputs.
Great Location, Great building – lots of space
very close to asking – 550K
but again – I will never be in the market for a 1 BR so I still think the asking price is steep – but again, great location
Depends upon whether it was properly insulated and the windows are thermalpane. It gives more light for one thing.
Corcoran are idiots for not including two extra pics…bathroom & kitchen.
I shudder when I see a price this high for a 1-bed. Particularly since 1-beds seem so transitional. Even confirmed singles usually want an extra bedroom for an office, storage or just for guests.
That said, I haven’t seen a 1-bed this beautiful in a long, long, time. I can’t think of one improvement I’d make (although we haven’t seen the kitchen have we?).
“Small extension”s can often mean a drafty place, as the extended part has three outside walls.
Why would corco omit pics of the kithchen? Some of the original details are lovely but overall, I’m not too impressed.
Very close to ask, if not at ask.