Co-op of the Day: 328 Clinton Avenue, #3
This two-bedroom, two-bathroom duplex co-op at 328 Clinton Avenue in Clinton Hill has a very nice vibe to it—lots of original detail and the kind of spacious vibe you’d expect from a Victorian brownstone. (We’re guessing the square footage comes in at around 1,300.) It’s currently set up for family living right now but we’re…
This two-bedroom, two-bathroom duplex co-op at 328 Clinton Avenue in Clinton Hill has a very nice vibe to it—lots of original detail and the kind of spacious vibe you’d expect from a Victorian brownstone. (We’re guessing the square footage comes in at around 1,300.) It’s currently set up for family living right now but we’re thinking this would make a pretty sweet pad for a childless household if you could just open up that lower level into one giant living/dining space. The maintenance is a reasonable $855 per month and the asking price is $860,000. Think that’s achievable in this market?
328 Clinton Avenue, #3 [Brown Harris Stevens] GMAP P*Shark
Maybe my standards are too high, but those listings from 11217 are some small looking rinky dink apartments. You’d have to check out the location as well. Maybe you’d luck out and the location would be good. The prices are not great, but in the $2500 range.
11217, thx. will check those out
Don’t fall for it, Wasder, they’re yankin’ your chain, but–to mix a metaphor a bit–you are such a nice guy, I really hope your feathers are unruffled. Trust me, in the end, you will have the last laugh. History, something many members of this site’s community lack, is on your side.
“I am in a zen place about the whole thing, mostly because what else can I do?”
Brace for impact.
***Bid half off peak comps***
M4Less:
You’d have to do some follow up on the floorplan, exact location for these, etc, but here’s a start for ya so you get a feel for what you can get for $2500:
http://www.idealpropertiesgroup.com/property/details/5211
http://www.idealpropertiesgroup.com/property/details/5071
http://www.idealpropertiesgroup.com/property/details/5256
http://www.idealpropertiesgroup.com/property/details/4269
11217, again, being serious here. Those are in the legit prime areas of park slope and carroll garden? if so, pass along some those listings if you see them. I would like a real 2 bdrm (2nd bdrm cant be that nursery size) in prime park slope for 2.5k. Prime as in no 4th ave, not those right next to flatbush ave, not those south slope claiming to be park slope,… aptmt needs to look like a real park slope pad – the pre-war works/details (doesnt have to be loaded like the brownstones units w/ fireplaces, etc). bathrms and kitchens in good conditions (doesn’t have to be fancy,..).
Clinton Ave is probably most prime blocks in Clinton Hill so a nice big 2 bdrm is 2.5k or more. “Fringe” blocks have big 3 bdrms for 2k or less but those blocks not as nice and the units are very so so
“Wasder – GM/Chrysler bankruptcy was no less dramatic. It’s consistent with my tagline. Peak comps for the ‘Hill were roughly $1.5M, fixer-up or not. Halve it and there you go, less than $0.860M.”
I hear you and I know these are strange days so I am certainly not going to say it couldn’t happen. I certainly wouldn’t have believed that 2 of the big 3 would go bankrupt simultaneously if you had asked me last year. So your tagline coming true would certainly not be the strangest thing imaginable. And really as long as the people who buy at those much lower prices are invested in making the neighborhood as nice as it can be then I look forward to their arrival. I am in a zen place about the whole thing, mostly because what else can I do?
In re rents 11217 is clearly correct that you can find prime two bedrooms in the slope for 2500 these days. On the other hand I have seen anecdotal evidence of similar sorts of pricing for apts on the nicest streets in Clinton Hill. Certainly not every place but there are definitely apts achieving this rental number. IF you go looking for evidence on craigslist you can basically “prove” any point you want to make.
“Maybe Clinton Hill has gotten more expensive than both these neighborhoods…? ;)”
More stupid (the newbies that is). Same hood.
***Bid half off peak comps***
Sorry, I’m going to have to agree with BHO on the rents…
I’ve found three 2 bedroom apartments (REAL 2 bedrooms) for friends moving to the city over the last 3-4 months….Two were in PRIME Park Slope and the other is in Carroll Gardens.
None were above 2500 a month.
Maybe Clinton Hill has gotten more expensive than both these neighborhoods…? 😉