Co-op of the Day: Eastern Parkway Two Bedroom
We’re not sure which building it is exactly, but this two-bedroom co-op is in one of the nice old prewar ones across from the Brooklyn Museum on Eastern Parkway. We’re digging the old floors, beamed ceiling and large windows and have to think this is pretty reasonably priced at $595,000. The eat-in kitchen and doormen…
We’re not sure which building it is exactly, but this two-bedroom co-op is in one of the nice old prewar ones across from the Brooklyn Museum on Eastern Parkway. We’re digging the old floors, beamed ceiling and large windows and have to think this is pretty reasonably priced at $595,000. The eat-in kitchen and doormen are added bonuses as well. Do you think this will move quickly? Anyone know the exact address?
Eastern Parkway Co-op [Brown Harris Stevens]
Anonymous 1:04 PM here.
I am not the broker, as I stated; I am a very happy Eastern Parkway resident. I wouldn’t give up the transportation or cultural conveniences for a smaller place in Park slope. I do not eat at restaurants on a daily basis, nor do I shop on a daily basis. I do use the dog run in Mount Prospect everyday and take the 2/3 to work. Prospect heights still seems undervalued to me. $595K seems like a good value for a two bedroom.
To each their own.
The maintenance may be higher than you would like but with 200+ units, 6 elevators, laundry room, gym, +/- 12 staff members what do you expect. This is the best building on the block. Owner Occupied with stable residents. Prices are always higher in this building partly b/c the residents think it is worth more than they are because they like the building so much. Many apartments for sale tend to be very over priced.
Indeed, why IS the maintenance so high?
And Anonymous @ 1:04 PM– are YOU the broker on this place?
I don’t think maint. is high… prewar, elevator, doorman bldg. less than $1 per sq ft.
Show me others comp bldgs maint. fee if you this is high?
if they impose a 25% flip tax (which I’m assuming helped fill the kitty in recent years) and such a small portion of the maintenance is tax-deductible (implying a low underlying mortgage), why is the building’s maintenance so high?
2:01 PM Not sure why we’re talking about this place.
I think because it was listed as “co-op of the day.”
Assuming this place is less than 1500 square feet, it is thoroughly unremarkable. The location is fairly nice, but it wouldn’t be hard to find a comparable property in an equally nice location for less. In fact, I suspect that a casual perusal of any major broker’s website would turn up three or four. Not sure why we’re talking about this place.
1:15–595K would buy less in the slope and would offer much more. Most of what you mentioned is just as close to the north slope. You don’t use the museum or gardens on a daily basis, but you shop and eat out regularly and the slope can’t be beat for that. In terms of stores etc, P Heights is still got a long long way to go.
Eastern Parkway is still very undervalued. It is an amazing place to live–unlike any other in the city. The buildings sit right across the street from the 2/3 train, The Brooklyn Museum, The Botanic Garden, Mount Prospect Playground, The Library and Prospect Park.
I am not the broker, just a lucky resident of the Parkway. $595K would buy a lot less in the Slope and would offer much less.