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
The Chicken,
Did you really, truly need to add that comment? Hhh…very, VERY poor judgment.
And Aj, what about a 15-year mortgage? Who needs to live in a box for 30 years? You’re right? Who does…but Sweetheart, I’m hear to tell you that “it happens”…kind of surprising as the years start adding up!
Then again, looking at all those tiny house blogs, it would seem ideal to be mortgage-free with a small mobile home or shack somewhere. Just not our style though. Our garden shed in New England is probably as large as some of those tiny houses. And, the more nicely finished, larger houses in the 700-800 square feet can be pretty darned expensive so you’re “back at square one”. I guess a tiny home on a piece of barely taxed land in the country is an option…problem is, if you live and work in NYC…
As I was saying earlier, this kind of nicely finished studio IS rather appealing because it would allow us to have a low maintenance pied-a-terre right in the heart of our beloved Fort Greene. I realllly love the idea of this being a studio BUT having that little multi-use room. Makes this much more exciting than a single room with a bathroom.
I guess if this were in the back of the townhouse and not on the ground floor with a ground floor entryway taking up space, it would be wider/have a small side room. Or, if it were on the parlor floor, since there’s no stoop (sad), the parlor floor front studio would also have either a full width room a little side room. That might be nice too.
Does anyone know of any decent townhouse pieds-a-terre in Fort Greene. It seems that all the recent redo/condos are big and expensive. I’ve had my eye a bit on that Sanctuary top floor studio with loft but it’s not really ideal.
Not to beat a dead horse as they say, but BHO, although I’ll let DIBS fight it out for me because Maths and I aren’t particular friends, I still wouldn’t mind an explanation why an eventual sale, when you say it might at least in nominal terms, be back up to the original purchase price, would not go for something.
As I see it, without even depending on appreciation, but just imagine a house or apartment ends up selling for “something” (and the seller does not owe more than the sale price), then wouldn’t that tend to depress the cost of ownership when all is said and done? If you’re paying about the same per month to rent or to “own”, then wouldn’t owning be better since you have to take into consideration the tax write-off (interest and RE taxes), which we agree on, of course, but also the eventual sale which kind of “nets” back some of what one has paid over the years? I agree, one has to consider the “lost opportunity”, or whatever term you guys bandy about on a busy day, of the downpayment…
If you sell for anywhere near what you paid, in my book, you’ve lived in a space and paid mostly just interest. If you’ve paid cash, you’ve simply lost the interest/income that could have been gained on that money if it had been in “the 2 or 3 per cents” as they said a hundred years ago. Last time I checked, the income minus tax on the income one is getting for “safe” investments is not very high and is higher than the interest one would pay on a mortgage. So it seems to make sense to “tie up” one’s cash in a home…
AS LONG AS one does not overpay, granted.
> i heard that nyc women wont date men who live in studios!
If that’s true, then it sounds like a perfect filtering mechanism.
How much would a comparable, redone (to this level) studio go for in Manhattan or Brooklyn Heights? I’m curious if anyone knows…
There seem to be quite a few at $299-399K in the Heights…
that’s exactly the phrase DIBS but since I’m a Chinaman, and all Chinamen live on rice, I modified the phrase.
Thanks for the correction M4L. My shame for dishonouring the motherland is second only to not achieving 100% in all of my math exams.
at least youre gay 11217. i heard that nyc women wont date men who live in studios!
*rob*
chicken…I think the saying is “Id be all over it like white on rice.”
There is another rewrite but I’m not sure its an image you want in your head!!!
M4L, I went back to Greneral greene thinking Andy and I were just cranky that day. Fool me once, fool me twice…..
mystifies me why that place is so crowded when there is clearly better places in shouting distance.
Chicken, you forgot to Cap the “C” in Chinaman
i’d rather be called a troll than live in a box for 30 years, but hey thats just me…why buy a place so small instead of renting one? no plans on having a family/dinner parties/any type of company? there’s no space…i can see renting it but why commit yourself to that for such a long amount of time…