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
P.S. The Griffin (which is right around the corner from here) REGULARLY sells studio apartments in the 275-325K range. I saw about 5 of them when I was looking…
And the maintenance is about $450-$550 a month there.
Just fyi.
Three hundred and twenty-five thousand dollars to live in a single room? You’d be better off renting a bedroom in an apartment share.
Am I reading this price, and the floorplan, right? It comes to $900 a square foot, and I’m being generous with the squar footage approximation. are you fk serious?
With maintenance, this is $1840 a month.
That seems a tad high for the going rate for a rental here. But once you factor in the mortgage interest deduction, we’re probably talking $1500 a month (I know I know…you still have to pay 1840, but I’m just sayin’) in which case it’s probably about the same cost to own as it is to rent.
I’d rather sink 1840 a month into owning something than to rent it. But that’s just me.
Like I said, if you can get this for under 300K, you are paying less to own than to rent.
I guessed 250K
is it me or does that kitchen look reallly old and in bad shape?
and what about a pic of the bathroom or is that old too
Couldn’t the agent sweep the floor so it doesn’t look so dirty/dusty in the hallway pictures.
This is just ridiculous. Who would pay so much to live in a room? You can rent a beautiful floor through in Fort Greene for $1700 to $2300.
a single room occupancy co-op. amazing
I never understand when people go apeshit over the price of these studios.
325K (half a floor) times 2 equals 650K per floor.
That is approximately the going rate for a floor thru in this area, is it not? If you multiple 650K times 4 floors (like this house) that’s 2.6 million.
A house like this would sell for around that price…no?
It makes sense to me, although I wouldn’t pay 325K for this one. Maybe 300, and a pretty ok deal at 275.