Co-op of the Day: 135 Ocean Parkway
While not eye-popping, this L-shaped studio (which is really more like a one-bedroom) at 135 Ocean Parkway in Kensington has a nice layout and good natural light that make it seem like a good option for a single person or couple. At 660 square feet, the asking price of $239,000 comes out to about $360…
While not eye-popping, this L-shaped studio (which is really more like a one-bedroom) at 135 Ocean Parkway in Kensington has a nice layout and good natural light that make it seem like a good option for a single person or couple. At 660 square feet, the asking price of $239,000 comes out to about $360 per foot. How does that stack up against recent comps?
135 Ocean Parkway 2-3BR [Susan Breen] GMAP P*Shark
> Sorry snark, I didn’t see your post before mine went up.
No worries. I should have studied the listings more carefully before declaring “The comps disagree.”
I looked at a couple of units in this building earlier this year. The views from the higher floors are mighty nice.
Sorry snark, I didn’t see your post before mine went up. I wasn’t trying to rub it in. I do think 209 for that 550 is optimistic these days, maybe they’ll do better with 199.
popnyc, 399k for a good looking 2 bedroom is just what you call it – fair, but no slam dunk. I think I’d rather wait for something cheaper unless the renovations were completely to my taste.
The 199K studio and this one are listed as being 550 vs 660 square feet, so 110 extra SF are worth 10 to 25K actually.
Deda,
Ah yes, you are correct. According to the listings, the $199k units is 550sf and this one is 660sf. The 550sf studio has been reduced at least once from $209k and has been on the market since January, if not longer.
Your 199K studio looks smaller then this one.
(And the lower maintenance on the 199K would also indicate that the square footage is less )
> I would put this at 210 to 225.
The comps disagree. Here’s another studio in the same building, recently chopped to $199k:
– http://www.corleyre.com/address.php?property_ID=251
I’m with kensingtonka on this. We’ve been looking at one bedrooms in the area for a while now and $250 is the general price for one, so I would put this at 210 to 225.
Doorman or no doorman.
3 elevators or 1 elevator.
clean, bright & in great condition.
These are very important parts of an apartment and have to be considered. Sometimes comps aren’t comps…
What do you guys think of the building’s other available spaces? There’s a 2 bedroom there and they are asking 399,000 with all new floors and kitchen… I think it’s fair but not a slam dunk no brainer… any thoughts?
Hey AJ ever hear of building equity? I am a proud owner of an L shaped studio in Brooklyn Heights and I will not live there 30 years nor 5 years for that matter. There are many positive reasons to buy a studio in NYC, you should look into them.