Co-op of the Day: 32 South Oxford Street
We wish the original crown moldings were still there and the bathroom’s a little too trendy for our tastes, but otherwise this studio at 32 South Oxford Street in Fort Greene is cute. (Some folks probably won’t like the fact that it’s on the ground floor facing the street either.) Maintenance is $375 and asking…
We wish the original crown moldings were still there and the bathroom’s a little too trendy for our tastes, but otherwise this studio at 32 South Oxford Street in Fort Greene is cute. (Some folks probably won’t like the fact that it’s on the ground floor facing the street either.) Maintenance is $375 and asking price is $249,000. Realistic?
32 South Oxford Street [Brooklyn Properties] GMAP P*Shark
BUT — on principle, spending $18,000 a year to live in a little square. Hmm… am i alone thinking this is crazy? I think I have to move.
my sentiments exactly tybur6
“Brooklyn Heights is the whitest, lamest, most depressing neighborhood in its peer group.”
– babygreene, it’s sad when one has to put down another neighbourhood to make one feel better about one’s own neighbourhood. And reverse racism is still racism.
“And BTW Biff, we really DO have incredible subway, bus and LIRR service all right together super-conveniently clustered in Fort Greene.”
– BrooklynGreene, I never said anywhere that Ft. Greene does not have good public transportation options. I was just surprised when it was implied there are more subways (not talking buses or LIRR, although BH has a ton of buses too) in FG than in Brooklyn Heights, given, as I mentioned above, it’s a few minutes walk to the A, C, F, M, R, 2, 3, 4, and 5 trains from almost anywhere in Brooklyn Heights. I was simply curious if Ft. Greene really had even more than those lines within a short walking distance for all homes in the area. If that’s the case, hooray for them, that’s great. I happen to really like Ft. Greene.
Brickoven: you’re having a bad post day fella:
South Oxford is “fringe” to be corrected by “anything on the otherside of Atlantic is fringe”, then the kicker – “you can by a [livable]Brownstone in Bed Stuy for half a million” You need to get out more.
“Brooklyn Heights is the whitest, lamest, most depressing neighborhood in its peer group.”
I like the older white people in Brooklyn Heights. I find them generally uplifting.
Not sarcastic. I was just there today. It was beautiful, not at all depressing.
It’s irritating that it’s OK to put down a neighborhood because it’s white. Or old.
Thank you BabyGreene for backing me up and disspelling some of the misconceptions out there. I agree that if you stroll around the neighborhood on a Saturday it’s as though the whole East Coast has decended on us. The Flea Market sellers are from all over and the shoppers/strollers/brunchers are from ALL over NYC and from outside the city. People will even come in from Philadelphia for the day and spend it in Fort Greene. “Who knew?”
Argentina, I think you’re a little out of touch with the goings on vis-a-vis the Vanderbilt Yards. That’s the only thing “Bilt” about it…the name.
The project that is not, is titled “Atlantic Yards” (not very pretty of a name in my opinion). The existing yards are called the Vanderbilt Yards (gee…I wonder who THEY’re named after?!). The “Atlantic Yards” has been nothing but Yards at Antics. It’s shocking that so much good money after bad has been thrown down the toilet at this mess. I’d love a real accounting of both the total taxpayer money handed over so far, how much is really promised (which is apparently a mind-blowing number), the amount the MTA in a sense handed over by penning a lousy deal, and how much profit the developer could walk away with.
Of course, now the state wants to allow this project to have a 22 million year build out allowance…okay, you can scratch the “million”. But why should any private profit project be allowed a quarter century? Most of us/many of us won’t even be alive. Can anyone name one project like this? Sure Lincoln Center took a long time from drawing board to finished project and has been an ongoing project, in a sense, for years. But that is LINCOLN CENTER, not a lousy arena dead zone and simply, boring apartment towers.
They might as well have built a housing project frankly. Would be smarter to build affordable housing.
“IF” anything is ever built there, it won’t have much impact on this little studio BTW so to bring that up now at the end of a long day is a little dumb…unless you did it for humour’s sake.
DIBS has no fight, BrooklynGreene @ 4:59. He’s pure salesman (math is his foe too). To answer your question, you might walk away with cash at closing and feel good if you ignore the fact (likely) that your cost of living then will be twice as much as it is now or higher.
Inflation is an excellent tool for government (really, the elite) to fool the rest of the population into thinking that the markets have rebounded (this is what I think the administration is trying to do with home prices but failing miserably – inflate away debt). But you have to be conscious of the time value of currency. If prices triple from here in dollars but the dollar becomes absolutely worthless (hypothetical but not unrealistic – i.e. the Amero, a little conspiracy theory), then what does that mean? It means you gotta price homes in something else (Euros, Ameros, barter?) which might still have them at half off in terms of the 2007-09 value of that ‘something else’.
You have to be smarter than to think in nominal terms. Retirees on fixed income will tell you.
***Bid half off peak comps***
It’s cute but it’s not all that…I’d be leery to move there primarily because of the massive development underway; that area won’t be the same after Atlantic Yards.
And anyone who has an issue with Fort Greene obviously hasn’t been there on a Saturday recently.
People buy studios as pied-a-terres, for student children, or (like I did) to get on the property ladder. They’re not so bad for a few years; when you meet the love of your life, you can always rent it out as a long-term investment or even use it as a work studio. They are often the same price as renting and if you want to live alone, forget about affording a 1-bedroom to buy unless you have one of those six-figure jobs.
Nothing wrong with dating a man who lives in a studio–especially if he’s responsible enough to own it.