Co-op of the Day: 35 Prospect Park West, #14A and 15A
Tough times at the top! This 11-room duplex at 35 Prospect Park West in Park Slope began its listing life in early 2008 with Stribling asking a cool $4,450,000. That didn’t happen, and Corcoran gave it a whirl later in the year at $4,125,000. Nada. So Brown Harris took the reins in March of this…
Tough times at the top! This 11-room duplex at 35 Prospect Park West in Park Slope began its listing life in early 2008 with Stribling asking a cool $4,450,000. That didn’t happen, and Corcoran gave it a whirl later in the year at $4,125,000. Nada. So Brown Harris took the reins in March of this year with the same asking price. In May, the ask was trimmed to $3,900,000 where it remains today. Still nothing. What’s it gonna take to move this 4,400-square-foot blue chip?
35 Prospect Park West [35 Prospect Park West, #14A and 15A] GMAP P*Shark
Co-op of the Day: 35 Prospect Park West [Brownstoner]
Nomi! Ah yes, the Jeffrey MacDonald case. I am still in awe of this case, both because of the befuddlement I feel as to whether he did indeed kill Collette, Kristin and Kimberly (his tiny daughters) or whether Joe McGinniss, the author of Fatal Vision really did just screw him to write an essentially fictional account of the case, and because it escapes logic that anyone could do what was done to those little girls. At one time I was convinced he had done it. Now, not so sure.
But more to the point, was there a double murder, with an axe, at a “rich” cooperative in Brooklyn?
Love it!
I’m taking up a collection…. (Or maybe I could just buy it and rent out rooms on the second floor: $1000 per room sound about right????)
With respect to the points by Minard Lafever and Traditionalmod about whether coop boards would turn down offers. I don’t know how often it happens–I suspect not too often when the market is good–but most proprietary leases DO give the building the first right of purchase.
I have served on boards of fairly fancy buildings both in Manhattan and Brooklyn and no, I have never ever heard of a board rejecting an applicant because they felt the price was too low.
They look to see if the potential buyer has the financial resources to maintain the apartment and to see if they appear like solid, honest citizens. Axe murderers are really frowned upon.
I cannot imagine how any board, in any Brooklyn building, could turn down a buyer willing to pay, mostly cash I would assume, a three-million dollar apartment. The buyer would have to be someone notorious like Quaddaffi or someone like that.
sorry traditionalmod-i didn’t see your post before i typed, glad to see you have some concrete evidence I was thinking speculating but i knew it!
regarding the board not having a say on the price of the co-op, I don’t have any scientific proof of what’s in the minds of a co-op board but common, you don’t think those people would have any selfish interest in keeping the value of their own shares high by not accepting bids they deem low? of course they do. they accept a low offer, they screw up their own comps. of course sometimes they’d have to do it, can’t exist in la la land forever valuing your neighbor at what the market won’t bear but I’m sure they will hold out as long as possible.
Wrong, Minard. I’m not making it up. I got that from our old coop building who absolutely would have turned down an offer they thought was too low and lowered the value of the other apartments. They can say whatever they want about why they’re turning down a buyer.
So much nicer than OPP!
co-op boards do not have any say in the price of apartments. Where did you get that idea? There are stories of how certain co-ops reject applicants because they think the price of the unit is too low, but I think that is just an urban legend.
Speaking as a co-op board officer, setting the price of units is the very last thing I would want on my plate.
I would say that a board would be extremely reluctant to reject an applicant that is willing and able to buy an apartment in Brooklyn priced over three million dollars. People on co-op boards are pretty sensible they are not strange and evil aliens despite what you may have heard.
Maybe they have actually had offers but the buyers weren’t approved by the coop board. Always a possibility with these fancier buildings. And speaking of that the board would have some say about the price. It’s not just the seller and brokers deciding the price.