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This two-bedroom co-op at 269 Clinton Avenue in Clinton Hill just hit the market with an asking price of $485,000. The buiding itself is a gem and the apartment is nicely done (though we don’t think the exposed brick was the best call). In addition to the historic vibe, there’s also a common backyard that this apartment has access two. The monthly maintenance of $629 is reasonable given the unit’s size of 825 square feet. Think it’ll sell for close to the asking price?
269 Clinton Avenue, #D2 [Douglas Elliman] GMAP P*Shark



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  1. Another comparable is a fairly recent apartment of the day at 328 Clinton Avenue #3 – which was listed as a 3 bedroom duplex at 860k; also a (much bigger) one bedroom apartment where additional bedrooms had been shoe-horned in. That apartment had been bought at one-tenth that price in 97 and sold for 330k in 2001.

  2. Looking at this layout, it has potential to be an awesome apartment but I would want to change it somewhat. I think that master bedroom is unnecessarily big, and can be split in two (it has THREE windows!). Then I would take the smaller bedroom completely “out” — remove all the walls, including the one that separates it from the kitchen — that way you have a big open space with a kitchen in the middle, no hallways. Huge dining table where the small bedroom used to be, lots of light flowing through the house and skylights etc. .. And two small bedrooms approx (120 sq feet each) in the back with big windows. That’s a space i’d LOVE.

  3. it will cost $10,000 / month to own this place!

    I add in a non-cash item like depreciation but I don’t factor in the cash on the resale to determine the cash out-of-pocket costs to live here. My rent is not an out-of-pocket cost. I am a wizzard!

    If I wait for CS index to return to 0 YOY, does that mean I am waiting for house prices to increase 20% in NYC before I would even think of buying?

    Yes, I am a wizzard.

  4. I am going to bid $350K for this place. If I don’t get it, I will call the buyer stupid and not apologize to anyone on Brownstoner for beinig an ass.

    If I am unemployed and hanging out in the park, does that mean I am “in the comfort of my summer retreat?”

  5. “so this will run about $3k/mo with 20% down. What would a comparable apt rent for on this block?”

    …plus 243k (depreciation) divided by 60 mos (avg time before resale) plus net maint after tax (say 300) equals 4,350/mo. A comparable rental would be much cheaper.

    It’s really a 1.5 BR too. 8 x 10 is a brownstone “alcove”. In a normal market you don’t have to pay this much for historical charm.

    But Minsky’s got it! He can sell salt to slugs.

    ***Bid half off peak comps***

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