Co-op of the Day: 57 Montague Street, #4A
The views alone make this two-bedroom co-op at 57 Montague Street in Brooklyn Heights worth looking at. We like the large living room, too, and the common roof deck. But the monthly maintenance of $1,573? Not so much. That makes the asking price of $849,000 a little tougher to swallow. 57 Montague Street, #4A [Corcoran]…
The views alone make this two-bedroom co-op at 57 Montague Street in Brooklyn Heights worth looking at. We like the large living room, too, and the common roof deck. But the monthly maintenance of $1,573? Not so much. That makes the asking price of $849,000 a little tougher to swallow.
57 Montague Street, #4A [Corcoran] GMAP P*Shark
Didn’t the character played by Jack Nicholson in “Prizzi’s Honor” live here?
Can’t imagine Mafia hit men would pass the co-op board.
But maybe the film was made about the days when the place was a rental (which would enable hit men to be grand-fathered in).
log master: you should really review the poster 11217’s antagonistic and bullying posts. his multiple posts, one after the other, seem intended to silence other voices. Today, he seemed off his meds. He is a turn-off to me, and I assume to other objective and good natured posters. Especially those of us from Brooklyn Heights, which he seees as an old age village. Has he ever been here? Does he have even a remote attachment to reality? You should ban him for a while. We do not need such bias and negativity.
I tend to agree with Ringo’s anecdotal evidence…and the census data backs up his 5-10 year ago assessment.
According to nyc.gov per 2000 census:
Brooklyn Heights–
total population: 20,132
percentage households w/ persons 65 years and over: 18.9% (#: 1,965)
percentage households w/ 65 years and over living alone: 6.9% (#: 1,219)
female householder with no husband present as a percentage of total households: 3.8% (#: 393)
Park Slope–
total population: 57,442
percentage households w/ persons 65 years and over: 12.4%
(#: 3,273)
percentage households w/ 65 years and over living alone: 2.4% (#: 1,381)
female householder with no husband present as a percentage of total households: 10% (#: 2,637)
here’s the racial breakdown:
BH —
77.5% white
7.3% black
4.9% asian
7.5% hispanic
PS —
61.6% white
9.9% black
5.3% asian
19.5% hispanic
Funny thing about the whole tax deduction thing, is that you LOSE it once you hit the AMT or worse, if you lose your job (no income, no tax deduction). How many people out there do you think were counting on the mortgage deduction, only to lose it when they became unemployed? A double whammy if there ever was one.
A friend and I were just talking about how every other women in Brooklyn Heights is pregnant. It seems to me like there are a lot more young families than there were 5 years ago. Still not a lot of singles or 20-somethings, but it’s not ALL seniors.
Of course you need to be able to cover the pre-tax amount, but when comparing the two alternatives you need to look post-tax.
“Why is that relevant?”
Because you need to be able to afford to PAY $5700 per month.
It’s not irrelevant at all….the entire housing market just burst because too many people decided they could afford things based on your very fuzzy math.
There’s a big difference between 3600 and 5700 a month.
11217 is on the warpath today.
see you all tomorrow.
MLF
Why is that relevant? It’s still $ you get back each year; plus you could probably tweak your withholding for a monthly benefit, but again, kind of irrevelant.
Probably not a $5K/mo rental, but I think $4.2K or so. Anything over $3,750 per mo and I think you’d be better off buying.