Co-op of the Day: 27 South Portland Avenue, #3
How much more is a parlor floor studio worth than a ground floor studio? That’s the question that leaped to mind when we contemplated this detail-rich listing at 27 South Portland Avenue, currrently listed for $325,000, on the heels of Monday’s co-op of the day at 32 South Oxford Street. In addition to the ceiling…
How much more is a parlor floor studio worth than a ground floor studio? That’s the question that leaped to mind when we contemplated this detail-rich listing at 27 South Portland Avenue, currrently listed for $325,000, on the heels of Monday’s co-op of the day at 32 South Oxford Street. In addition to the ceiling height and architectural details, today’s studio is also on the rear of the building overlooking the garden rather than the street. Is all of this worth the extra $100,000 or so?
27 South Portland Avenue, #3 [Corcoran] GMAP P*Shark
Now, I have nothing against buying a 2 bed/1 bath floor through in this building.
I’m not buying it. This is what the SROs are like in Bushwick. I do believe location matters — and in Brooklyn, you should have more space than this.
Back in 1998 I was in contract to purchase the apartment right above this floor. It was a 2 bedroom / 1 bath place. Really pretty, but the bedrooms were configured so you would have to walk thru one to get to rest of the apt.
They accepted my bid of $60,000 but we could not close because the co-op’s financials were not in order. If I knew more about purchasing back then I am sure we could have figured something out, but alas not to be.
quote:
When we moved from Manhattan many years ago, it was from a “classic 10” or whatever they call it. My uncle managed to knock around in his Manhattan apartment that was nearly 5000 sq feet (yes) with more bathrooms than I can count for a long time before finally selling and moving (to Florida! Ugh! but that was years ago when people did that kind of thing). So I’m not totally out of touch with the burden of too much pointless space and really, really want to downsize. Not necessarily to a “Granny Crackden” (Rob, you sound like a true teenager with that one…and I resent the fact that “granny” had to be pulled into it!).
cheeze its. i thought you were the resident hippie of this board. now youre boasting a classic 10 in manhattan, a place in new england, blah blah blah yeah youre green. well, maybe the only thing green is in your wallet!
*bitter party of one*
haha
wouldn’t all it SRO, ROb. This floor is only one divided into 2. Others seem to be full floor apts.
Just to be clear- I’m not commenting on the pricing- that’s not my area. I don’t think it will sell for asking, but that doesn’t make it a slum.
This is an SRO, mopar? A slum? I don’t think so- sro’s are literally one room, galley (tiny) kitchen- on one wall and sometimes even a shared bathroom. I have never seen an SRO with beautiful, (and it looks like original) parquet floors, that unbelievable fireplace, and upgraded kitchen and bath. I can only wonder what you would have considered my Aunt’s magical brownstone studio in the village that had a similar fireplace and mirror, floor to ceiling French windows, a tiny closet kitchen and tiny bath. I adored the place- and you would call that a slum too? A little ridiculous. Studio’s work for some people- no need to insult them or this apartment. I’m with 11217 on this one. (Oh lord- is this where I scratch my eyes out with walnuts? 🙂
> The average studio price in Manhattan is 600K.
Perhaps, but is the average, no-frills, used-to-be-an-SRO 300sf studio cost that? Really? 2000/sf?
So it’s not for you, Mopar. I get it. Just like the shacks out in east Bushwick or Queens or wherever it is you seem to like aren’t for me. Some people think location matters.
Clearly people DO like these places, or they wouldn’t trade at a premium.
The average studio price in Manhattan is 600K.
I’m done defending this place. I have no doubt it will sell.