Co-op of the Day: 101 Lafayette Avenue, #6A
Here’s a nice-looking one-bedroom at 101 Lafayette Avenue in Fort Greene. A similar, though less nicely finished, apartment down the hall was listed for $580,000 last fall. This one’s just hit the market asking $550,000 and carrying monthly maintenance charges of $897. Think it’ll fly? Anyone know if the apartment down the hall ever sold?…
Here’s a nice-looking one-bedroom at 101 Lafayette Avenue in Fort Greene. A similar, though less nicely finished, apartment down the hall was listed for $580,000 last fall. This one’s just hit the market asking $550,000 and carrying monthly maintenance charges of $897. Think it’ll fly? Anyone know if the apartment down the hall ever sold?
101 Lafayette Avenue, #6A [Brown Harris Stevens] GMAP P*Shark
> “You can’t beat the big buildings for peace and quiet,
> especially if you are on a high floor.”
I’ll second that. My bf moved into a postwar building with concrete walls and floors. It’s usually pretty darn quiet.
It’s on a high floor so it gets tons of sunlight, which I find fantastic. And speaking of fantastic, it has a terrace, where we spent large portions of the gorgeous weekend.
cwb for someone who isn’t cranky you sound a little, well, peevish. You know of course that if you don’t like living close to other people and if you don’t like large buildings, New York City is probably not the best location in the world for you.
But a good solid pre-war apartment house with concrete floors and terra cotta walls between apartmens is probably as good as you’re going to do in terms of living unbothered by neighbors. The larger the building, the more anonymous you can be so that you don’t even have to say hello to people if you don’t want to. So I think you should reconsider larger buildings if your aim is to have as much privacy as possible. There is no privacy in small buildings or even in a house on a block where people are “involved”. You can’t beat the big buildings for peace and quiet, especially if you are on a high floor.
mcKenzie – I live in the brick shoebox which houses the Bank of America on the corner of 7th and Union in Park Slope. But I rent there … would never buy on that corner due to the street noise.
The twisty columns are interesting but they don’t change the fact that the building is a gigantic rectangle.
I’m not really interested in buildings with more than 4 stories or more than 16 units. Even that’s pushing it. Neighbors generally suck. The fewer walls/floors/ceilings that you share with people, the better off you are.
I don’t feel particularly cranky. I just think spending over half a million dollars for a one bedroom in a big building like that is complete madness. It’s not like $350k is a small amount of money … that’s more than the vast majority of people – even the ones who live in this city – can afford to spend on a house.
guess 400k due to insufficient info, pic’s, flr plan,….
great location, great building, great hood,….
cwb, you’re such an old cranky guy.
A brick shoebox? What do you live in -a flying saucer?
This is a lovely, architecturally significant building. Look at those twisty columns at the corners. I love those details!
Come on, seriously? 1 BR, needs kitchen (and likely bath) reno, in a big brick shoebox?
It’s a nice neighborhood, but no way, especially not with those CCs. I wouldn’t pay more than $350k. $550k is insane.
co-op ownership is not for the feint of heart. I guess the same is true of home ownership. It is not like the nice life-time guarantee of living in a rent-regulated apartment. But to some, the risk is worth it. Keep in mind that a good chunk of a co-op’s common charges is tax-deductable. To buy or not to buy is never an easy choice. Especially today. Owning real estate forces one to make some life-altering choices, and there is always risk.
But risks can be exciting.
I’ve always been intrigued by this building and am somewhat fascinated, even bewildered, at how high the prices became.
If this unit has the same floorplan as 8A (see Streeteasy), then it is indeed bigger than the 1br on the UWS I listed above.
– http://www.streeteasy.com/nyc/sale/309133-101-lafayette-avenue-fort-greene-brooklyn
“common charges in nice co-ops are going up just like everything else.”
This more than anything else is why I expect to keep renting.
If common charges are 30-60% of the rental cost for similar space, why bother buying?
Especially when those common charges can go up every year which will drive down the value of your home. When rental prices drop quickly (as they are now) you can get stuck in a situation where your common charges are absurdly high (compared to rents) but the only way to get out of them is to sell your co-op/condo at a loss because no one wants to buy it because the common charges are obnoxious.
Really absurd if you think about it.