Co-op of the Day: 415 Argyle Road
We’ll be honest: The reason this listing at 415 Argyle Road grabbed our attention was the interior decoration. That living room. Wow. Then we started to take a look at the numbers: Two beds, two baths, 1,250 square feet, $1,155 maintenance, $485,000 asking price. Then we realized that we’d recently tapped another unit in this…
We’ll be honest: The reason this listing at 415 Argyle Road grabbed our attention was the interior decoration. That living room. Wow. Then we started to take a look at the numbers: Two beds, two baths, 1,250 square feet, $1,155 maintenance, $485,000 asking price. Then we realized that we’d recently tapped another unit in this building: Apartment 3J which was 1,000 square feet and asking $379,000. So how do you think this one stacks up? It would be helpful to have a floorplan.
415 Argyle Road [Abacus] GMAP P*Shark
no – it’s in Victorian Flatbush, half a block south from the stretch of Cortelyou Rd with Picket Fence, Farm on Adderley, Connecticut Muffin, Vox Pop, etc.
Nice area (if I do say so myself).
Is this in Mill Basin?
rent on that would be about $2500. Strip out the maintenance (which seems v high as mentioned) and you’re “paying” $1350 for the apartment @ 5% interest points to about $300k.
No doubt someone will pony up a touch more for the privilege of owning and the location is pretty decent.
this is a nice sized apt with outdoor space that’s pretty cheap. if the maintenance includes utilities and is tax deductible, it’s not that bad.
also, if you could snag a parking spot, that’s cool.
who cares if it’s a box – decorate!
Wow, that maintenance is ridiculous. Of course the building may also be in terrible financial shape, but who knows? This apartment may not be pretty (current furnishings aside – I’m tempted to go to an open house just to see that in person!), but it’s functional and that’s what it’s meant to be. It’s also in a prime location near Cortelyou Road, which is getting nicer and nicer these days. Restaurants keep opening and by all appearances are doing a booming business, even post-Lehman. Ok, I’ll stop being such a cheerleader now.
MAINTENACE AND NO DOORMAN???? ROTFLMMFAO
If the furnishings had a mid-century modern vibe this would be a nice pad. That’s still a high maintenence for no door man. Granted it has westen exposure, but it’s still only one exposure. I do like how the terraces are not on top of eachother. Just not my cup of gin.
Re: the maintenance. About $175/month too high. Which, given the current mortgage rates, is worth about $30K. Disclaimer: I know nothing about the financial condition of the building, so no idea whether a galloping maintenance increases are in the future.
Re: the looks. Beautiful it isn’t, but it’s not meant to be measured up against brownstone floor-throughs or even pre-war apartments. How does it stack against other apartments in post-war brick buildings? 1960s box reincarnated as faux-whatever is truly ugly, but it could look great with other furnishings.
at 380k or lower, one can overlook more stuff – incl the high maintenance. 350k or lower, good deal