Co-op of the Day: 125 Hawthorne Street Studio
We had to hit the reset button on this post because the widget was set wrong…Across the street from yesterday’s House of the Day, there’s a nice-looking prewar studio for sale at 125 Hawthorne Street. If you’re a sucker for those pointed archways and built-in bookcases like we are, this place might be for you….
We had to hit the reset button on this post because the widget was set wrong…Across the street from yesterday’s House of the Day, there’s a nice-looking prewar studio for sale at 125 Hawthorne Street. If you’re a sucker for those pointed archways and built-in bookcases like we are, this place might be for you. Even if the listing verbiage didn’t say it explicitly, we would have guessed it was a sponsor unit from the cheap, out-of-place closet doors. Bad move. Anyway, the maintenance is low at $338 and the asking price of $189,000 is one of the more affordable we’ve seen recently. Anyone game?
125 Hawthorne Street [Douglas Elliman] GMAP P*Shark
I have a little Brownstoner crush on Minard.
Ha! 11217, really, how old are you? Are you on meds?
When you make asinine comments like that Minard, it’s very difficult to take you very seriously.
I’d say quite a few people who read this blog own studios. So your comment is a little ridiculous and potentially offensive. Personally I’m not offended, because I already know you are a nutjob from reading your other posts.
only wimps buy studios.
I used to say I’d never have a studio. Now I say I would never buy most studios. Most studios, like the ones a block away from this on Winthrop, are one room and tiny kitchen. With the large foyer and large kitchen separate from the living space this is much more ‘livable’ than most studios.
I bought this year, from the same sponsors, a couple blocks away from this one. Very similar layout, same kitchen and bathroom. I was able to create a bedroom area and there is room to eventually really make it a one bedroom.
However, I paid considerably less than this asking price. The only advantage this place has is it is slightly over 50% owner, while mine is slightly under 50% owner. And the maintenance on this one is lower.
Speaking from a recent buyer in this neighborhood – this one should go for $129000.
And as far as ‘investments’ go – to me it’s a great place to live and I plan on being here quite awhile. I’m sure in the long run, seeing I’m paying less than what I was paying in rent, it will be a wise investment.
I don’t have 20% — I shouldnt’ be being. Goodbye cruel world!
I don’t see the 20% rule as unfortunate.
It might help ensure that people buying in are more able to actually afford it, and they have more skin in the game.
If you don’t have 20% to put down, should you really be being?
The recent national housing bubble tells me no, you probably shouldn’t.
The one unfortunate thing about pre-war coops is they often require at least 20 percent down, which can be hard on the first-time buyer. But not all do.
If you are going to buy a studio, this is the ideal layout with the perfect pre-war details and nice kitchen. It will never feel like a studio because it has so many rooms, closets, etc.
However, it’s on the pricey side. If you only have a little cash, buy a studio for $80,000 or so. When it goes up, you’ll sell and have money.
If you can afford this one, I would buy a similar one-bedroom for $189,000. They do still exist. There are a number in Jackson Heights, either teens walkups in the historic district or post-war slightly outside the historic district.
This particular apt is, in fact, practically a clone of my old coop in Jackson Heights, except that one was an 1,100 sf one bedroom. It was also the same price as this apt — in 2004.