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
Management companies are pricey. Many small coops self manage, when the heating goes kaput you call the plumber directly. And you hire a super to clean/maintain the bldg/grounds.
“smaller and worst looking 2 bdrms on those blocks still get around 2.5k or a little more”
Not new leases. Nuh uh!
***Bid half off peak comps***
I’m terrified of these little co-ops. Seems like a commune. And what on earth does “self managed” mean? No managing agent? No super? What happens when the “charming and historic brownstown” heating goes kaput on a cold January night?
There is a true two bedroom in a mansion across the street going for 725K.
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1554229
Downside is high taxes. 328 would be nice for a couple who needs an office. Hopefully they’ll take down that wall to make a real LR/DR.
OMG – that’s my old apartment. I bought it in 98 for 85k and sold it in 2001 for 340k (and then bought my house for significantly less).
It is a great space, but previous posters are correct in that it is better used as a one bedroom. Using it as two bedroom would make the living space distressingly dark and cramped. It guess using the “nursery” as such would be a nice compromise, but it would put the infant’s room right next to the living space and a spiral staircase away from the master bedroom. The very spacious deck once had a view of the WTC – I watched the smoke for weeks from there. It still faces the side of Queen of All Saints – lovely alpine light. I did stage one of the kitchen reno (ikea cabinets), which seems to have been opened up onto the dining area (good idea), and there was totally enough space for what now seems to be a walk-in closet.
When I sold the financials were shaky, and the building was suffering from the downside of a small co-op. There was one very difficult shareholder who may or may not still be there. They’ve certainly done a lot of great physical work to the building. When I walk by I still miss it – the location, and perhaps my bachelorhood!
The price? Well you can guess my reaction from the numbers I bought and sold it for. I think a smaller ground floor unit sold in the 600’s a few years ago. I guess if I were selling my home (2 unit, twice the size, etc) on my lousy Clinton Hill block I’d be looking for the same number. Kind of hard to believe I could have gotten 700k back on my 10k downpayment from oh so many years ago! But then again that initial price was clearly a pre-boom price.
The bedroom on the lower level feels rather tacked on, and one must hike through the living space to a bathroom. Given that, it feels more like a one bedroom with a nice guest room. It feels about 150 to 200k over in this market. We’ll see.
11217, not kidding. if your friend ever decides to move out of that 3bdrm, let me know. I would sell my place and rent that cause 2800 for 3 bdrm on those prime blocks on Clinton is a great deal
Sorry, saminthehood. just realized I repeated what you had already written re the ‘bedroom’ that’s really a living room.
The usable living space (excluding terrace) is under 900 SF. Its a nice large one-bedroom that ideally needs a wall to come down. I’m firm for the low 600s.