Co-op of the Day: 30 Ocean Parkway, #1F
Here’s a neat one. This three bedroom pad in the art deco building at 30 Ocean Parkway is actually like its own little house. The 1,700-square-foot apartment has its own entrance. Given what good shape the prewar apartment is in and its proximity to Prospect Park, we’d say this is looking like a pretty attractive…
Here’s a neat one. This three bedroom pad in the art deco building at 30 Ocean Parkway is actually like its own little house. The 1,700-square-foot apartment has its own entrance. Given what good shape the prewar apartment is in and its proximity to Prospect Park, we’d say this is looking like a pretty attractive buy at the asking price of $549,000. Do you agree?
30 Ocean Parkway, #1F [brooklyn real/NYT] GMAP P*Shark
Building mortgage, not personal mortgage. Sorry for the misunderstanding. (Not all buildings have mortgages, of course.)
Real estate assessments are a bear, indeed!
Actually, since the building in question doesn’t have a doorman, I do think the maintenance is a little high.
Coop maintenance fees are going up because of real estate assessments. Many blgds in clinton hill have seen their taxes skyrocket. In my building it’s our biggest expense.
Maintenance fees do not include your mortgage payments.
On the maintenance question:
I’d actually be a little concerned 11217 and others if your maintenance doesn’t go up SOME. Costs have been increasing. Taxes are going up, and coops are taxed more heavily than single-family dwellings. If maintenance stays stable for a LONG time, it COULD indicate a well-run building where costs have been kept down, but it could also indicate a building with a lot of deferred maintenance issues. There have been some recent news stories about buildings where shareholder’s have found out that that is the case.
And one must remember that maintenance includes: heat, water and sewage, common area electric, taxes, mortgage, staff.
I would buy this but for the maintenance charge.
Ground floor doesn’t put me off but I’d want a discount to a higher floor since that’s where the market is at. It’s actually a bonus for me as I’m steps away from being outside for a cigarette.
“I’m sure your friend has a yard, fruit trees, a garage and a decent nearby school all with comparable property taxes. Just saying…”
Fair enough, he definitely has a yard and some fruit trees. Don’t know about the garage. However about the schools I wouldn’t want to bet that the average elementary school in that part of the Valley was better than the one in Windsor Terrace. Also, his house is not nearly as nice on the interior. But my point was not to compare apples with oranges so much as to say that this place is an example of how the Brooklyn real estate market is not so different to many other popular cities in price point.
Are banks still super tight with their loan standards whereby they’ll give the potential buyer a super hellish time when they pull the comps and see that a higher flr unit sold a few months ago for 100k less? or do they let it slide if your income is big enough to comfortably cover the monthlies?
About ten years ago, my daughter would have LOVED living that close to the stables. She would’ve been over there visiting the horses every day.
This is a very nice building, and I like the location. It’s not too too many blocks to either Key Food or FoodTown, and that’s usually enough for me, but this area isn’t heavy on the typical Brownstoner-approved commercial amenities. Plus it’s on the sucky F train.
quote:
are there lot of rich kids running around windsor terrace??
ha. ooooohhh pleeeeease daddy me and my two spoiled, artsy, super hip siblings desperately need an apartment, and it has to be in the awesomest neighborhood where i can be close to all my other rich trust fund friends! windsor terrace! buy me an apartment in windsor terrace! please please please!
uh, i was merely referencing those two spoiled bratty sisters whos dad bought them a park slope 2 bedroom apartment that was featured in the nytimes recently. very vomit inducing story.
*rob*