Co-op of the Day: 11 Garden Place
This co-op at 11 Garden Place just hit the market with an asking price of $2,250,000. The lower duplex in a 25-foot-wide townhouse, the apartment has wonderful sense of scale and lots of old-world charm. We also are digging the rear addition with its many-windowed kitchen and dining area. Still, that asking price is far…
This co-op at 11 Garden Place just hit the market with an asking price of $2,250,000. The lower duplex in a 25-foot-wide townhouse, the apartment has wonderful sense of scale and lots of old-world charm. We also are digging the rear addition with its many-windowed kitchen and dining area. Still, that asking price is far from a lay-up in this market. Time will tell.
11 Garden Place [Brown Harris Stevens] GMAP P*Shark
It’s a three-unit coop. Read carefully.
Don’t want to get in between DIBS and the others, but I strongly disagree about the price of 5-6 mill. or maybe more for this house, even at this size. I have been looking in this very area, and have seen 3 houses, all about 5,000 sq. feet with good income garden rentals (my preferred set-up) and they were not going for that much, because the market in Brooklyn has definitely taken a hit and it is even more of a bargain compared to Manhattan. There are a couple of 6,500 – 7000 sq. foot house that are actually glorious mansions for that amount, but this sure doesn’t look like they do. I think the price is out of line both in terms of the comps and the overall appeal of the place. It does have a nice floor plan, but that the only thing that I think it has going for it over similarly priced possibilities.
I’m still a housing bull, but 2.25 million is WACKO.
if you have way too much $$$ to know what to do with it, where to store it, etc, yeah, why not drop 2.2M on this. If you aint over-flowing with $$$, other better options than this.
nice place though – just not 2.2M + 1.8k maint nice
Thanks iz. I won’t usually post like that unless someone else starts first on any other thread except the OT…and rarely there because everyone there usually is civil to each other.
I just found it odd that a sensible question on my part evoked that response and then it continued. We all have our bad days though.
This COTD is not as clear cut as most conos and co-ops for many reasons. Comps are gonna be tough for a place like this but there’s probably 50/50 probability that they pay cash
Dave, I don’t know whether I “like” you or think you are a “loser” or “gods gift to commenters” but you have made some valid, solid points in the past. So hat tips to you.
Not meant for you, swine. Take it to the OT if you want to battle me. You’ll lose. I guarantee it. I know more words than you do.
Make a comment on the property. Can you???
They are some posting who should re-read some of their posts lately before throwing stones.
what an apology.