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
Why are the common charges so freakin’ high? Do you get a personal indentured servant once you close?
I think the broker needs to get on here and explain an accounting of the monthly CCs and what the co-op balance sheet looks like
$2.25 million to share a house. Nope.
you couldn’t buy a whole house on garden place for this price.
best block in the heights, half a brownstone. should cost half of a brownstone’s cost. 2.2+
12k a month and the opportunity cost on a 500k down payment; all to live like a CHUD. Not to mention an 1800/mo skim to the toffs upstairs. An absolute joke.
> “This block is not for folks looking to economize on housing costs.”
Agreed. So why economize by sharing a house when you could probably, given the mortgage and maintenance costs, buy a whole house for yourself? Or buy an apartment in a full service building? Not seeing the economics of this one.
well, I hate to sound like a broken record on maintenance issues, but you can’t tell much from the number alone. it pays for heat, taxes, upkeep, new windows, new roof, cornice repair, facade repair, snow removal and all that crap. but more importantly, if the building has a large reserve fund, you are buying into that. So if the reserve fund is 100k, this maintenance is a deal. If the reserve fund is 10k and the building needs repairs, it’s a loser. Either way, without more info, it’s impossible to say.
gorgeous apartment, great layout, 3 bedrooms two and a half baths. very civilized. I say it goes for 2.2 million. Who would not love this if they have the money? This block is not for folks looking to economize on housing costs.