Co-op of the Day: 269 Clinton Avenue, #D2
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 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
This building has been a co-op for at least 20 years, if not longer. So I’m not sure how mopar’s comment applies.
“so this will run about $3k/mo with 20% down. What would a comparable apt rent for on this block?”
It’s actually more like $2810 a month with mortgage and maintenance without factoring in the interest deduction. I know people who pay 2400 for a 2 bedroom very close to here, so the rental and ownership costs seem about equal to me in this particular instance.
And I think quite a few people would be willing to pay a little more to own over a comparable rental to have the ability to do what you want with your home.
If you rented this place, you’d have to keep that kitchen as is. Some people really value being able to redecorate, remodel, etc and are willing to pay a small premium over renting to do so.
Isn’t it funny how housing gets chopped up into little tiny units both when a neighborhood becomes impoverished and also when it becomes extremely expensive?
so this will run about $3k/mo with 20% down. What would a comparable apt rent for on this block?
It’s cute and the listing is good (photos, floor plan). And the price sounds low on the face of it. But I calculate the square footage at about 650, not 825, which makes the price really abut $750 per square foot. Kinda high. But it’ll probably sell in a hot minute above ask with three bids, groan.
minard, not so hard to get maintenance from deadbeats, a little work with the bank who holds the mtg and they’re sending you monthly checks.
The kitchen definitely needs to be de-fuglyfied, but it’s a sweet pad overall.
It is always a little sad to see a magnificent house like this cut up into tight little apartments but that’s so often the case here in the Big Boro. I guess it is the legacy of the boarding house days and middle class flight.
The apartment is alright. The front windows are very attractive.
I am always warry of small co-ops.
All you need is one overextended financial wizard and the finances are down the toilet. It takes at least a year to evict someone for non-payment of their maintenance and even longer to foreclose especially now that the courts are very hesitant to foreclose on even the biggest deadbeats.
There’s a two bedroom at 315 Clinton going for $699 with the same maintenance fees. This one seems to have better light. 315 was a duplex in a gorgeous mansion.