Co-op of the Day: 8 Sidney Place, #5
This top-floor co-op at 8 Sidney Place has a nice open, light feel to it that you don’t usually see in smaller townhouse apartments. That has a lot to do lofty-layout and multiple skylights; the private roof deck is an added bonus. The asking price is $525,000 and the monthly maintenance is $615. Sound reasonable?…
This top-floor co-op at 8 Sidney Place has a nice open, light feel to it that you don’t usually see in smaller townhouse apartments. That has a lot to do lofty-layout and multiple skylights; the private roof deck is an added bonus. The asking price is $525,000 and the monthly maintenance is $615. Sound reasonable?
8 Sidney Place, #5 [Brown Harris Stevens] GMAP P*Shark
The phrase “open loft-like one bedroom” translates to glorified studio.
What is this, 450-500sf? Price is absurd.
Where is the front door to the apartment? It looks like you might have to enter through the bedroom.
“How long can anyone realistically stay in such a small space?”
I could live in a place like this until my legs could no longer climb the stairs.
Not everyone needs large spaces…I much prefer living in a small, compact, well-used space.
Rethinking, I don’t see it being worth even $450,000. It’s definitely nice and the location is great, but truthfully, it’s a small junior one-bedroom, with benefits. How long can anyone realistically stay in such a small space? You’d end up outgrowing it quickly and having to sell it for even more. You could get stuck, nice as it is. Plus, if you cannot build a decent size bedroom because of inherent space constraints, it wouldn’t even be a one-bedroom but just a large studio. The lack of closets and bathroom access through the bedroom is a TOTAL drawback. So as nice as it is, it’s not a very functional apartment long term. I don’t think it’s real value is more than $400,000.
@tybur6:
You don’t see a ladder because the agent doesn’t want you to realize that the roof is accessed via ladder. This building looks exactly the same as the building I live in, except it’s one story taller. My building has a ladder going to the roof as do all the other buildings on my block of the same age. And, a quick look at google satellite view shows no roof bulkhead, which you would see if there were a full stair going to the roof.
Obviously, we can’t be sure without going there (or asking the broker), but my money’s on ladder and no stair.
I really like this place – it’s soooo bright and cheery and in a gorgeous building on a gorgeous street plus you get the roof deck – huge plus!
I bet it goes close to ask!
My God, I agree with 11217 twice in one day! Also, my contractor would do the bedroom wall for $1,000 tops – it doesn’t require much more than some framing, sheetrock, a door, and paint.
nice pad and location. price still a stretch but not by much as it looks very competitive to listing out on mkt now.
I’d probably call this a Junior 1 bedroom, but that gorgeous roofdeck and location MORE than make up for the small-ish bedroom in my mind.
If I were looking (and could afford this) I’d be all over it!
I believe a lot of people price their homes these days, knowing that they will settle about 10-15% lower than their asking price. I’ll guess 485K.