Co-op of the Day: 416 Ocean Avenue, #12
This three-bedroom apartment at 416 Ocean Avenue in Prospect Lefferts Gardens came to market two months ago asking $395,000 and recently was reduced to $367,500. At 1,234 square feet, it’s a large prewar pad and the exterior of the building is lovely. The interior photos, usually well done in Corcoran listings, don’t help the apartment…
This three-bedroom apartment at 416 Ocean Avenue in Prospect Lefferts Gardens came to market two months ago asking $395,000 and recently was reduced to $367,500. At 1,234 square feet, it’s a large prewar pad and the exterior of the building is lovely. The interior photos, usually well done in Corcoran listings, don’t help the apartment put its best foot forward though, so before cutting the price again, we’d suggest investing a couple hundred bucks in some decent photography!
416 Ocean Avenue, #12 [Corcoran] GMAP P*Shark
Forgot to mention that while the nabe does not have a lot of hipster type of amenities (glad for that) it does have a good grocery store within walking distance, and the post office and banks are all within walking distance. Plus, Flatbush has a lot of really interesting produce stores. If you’re into jerk chicken, there are several really good places nearby.
And, supposedly the part of the Prospect Park that is closest to this area is slated to get a major redo. But given this economy, I don’t know if that’s still in the works.
Great building. . .but given the verbiage in the listing, i think it’s going to take a lot to make it anything worth living in.
Also keep in mind that up till 2006 the nicest apartments on high floors were selling for way under what they want for this wreck.
A couple of them sold at bubble-fueled peaks. . in the last couple of years but i would disregard those as comparisons.
Think the hassle/expense of new kitchen new bathroom new everything // /then you have a dream pad on the first floor mostly facing a shaft. ..
It’s zoned for PS 375.
http://maps.nycboe.net/index.asp?street=Ocean%20Ave&addBoro=3&hsenum=416&action=addGeo
http://insideschools.org/index12.php?fs=746&str=375&formtype=name&all=y
That’s one of the oddest apartment plans I’ve ever seen.
Makes me wonder if back in the day it was a doctor’s office and later rigged up as an apartment. Many buildings in Brooklyn this vintage had similar places on the first floor but converted them to residential use as neighborhoods changed. (Think Eastern Parkway and St. Marks Avenue.)
That said, the building’s a beauty.
With the right architect (and a couple of hundred grand) this apartment could work. Although I’d negotiate the price way down, given the economy and the market.
> For $297 psf you wanted light???!
Yes. There are plenty of apartments in Kensington (for example) at that price point that don’t face the bottom of a gloomy air shaft. This may not be important to everybody, but that would be a dealbreaker for me.
I’ve lived in this building for a little over two years. Like most places it has its pros and cons. For me the Pros outweigh the cons.
PROS:
1. The apartments are very large. You get a lot for your money.
2. As someone else mentioned, it’s just a few blocks from Prospect Park.
3. The B & Q trains are right across the street from the building’s side entrance. Basically, you can use the Church St. stop or the Parkside stop.
4. There is a door person from 8 a.m. to midnight, during the weekdays.
5. Fairly flexible board.
CONS:
1. In the summer there is a lot of street noise.
2. There is a lot of noise from the Caton Avenue truck traffic.
3. There have been drug related problems in the neighborhood.
I looked at this apartment. Yes it is on the ground floor, but not all of the windows face the shaft. With a little imagination, I can see this being a really great apartment. Wish I had the bucks to buy it.
TD – I think it may also be a function of price – not price relative to the market, or relative to ‘what it’s worth’, but just the actual price regardless of other factors. For example:
http://bstoner.wpengine.com/brownstoner/archives/2009/07/coop_of_the_day_257.php
This place in Kensington also was much closer than usual to asking, and received high praise. It is a nice place, but I also think there just seems to be generally more good will to properties priced under, say, 400K.
> And that difference can be called the “snark factor”
Sorry WonTon, I’ve trademarked that phrase.
Yes, this apartment is for all those people who cry that no one besides the wealthy can afford Brooklyn anymore….