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
That’s a silly statement, Minard. Many studios sell all over Brooklyn and in fact there are so few listed right now in prime areas like Park Slope, it would seem they sell to me. I follow them closely, and they most certainly sell.
P.S. the average price of a studio in Manhattan is around 500-600K. You think that’s a better investment than one for 250K in Park Slope or Brooklyn Heights?
As has been said, my mortgage payment is HUNDREDS of dollars less per month than a comparable rental. Plus I get to do what I like with the place, never have to worry about rent increases and get to live alone in a city which is so expensive, it’s hard not to have roommates even well into one’s 30’s.
Didn’t buy it as an investment…bought it as a place to live and I couldn’t be happier.
If you’re going to buy a studio then for heaven’s sake buy it in Manhattan so you will have a chance of selling it.
“no point in buying a studio may as well rent”
DitmasSnark makes valid points.
If you get a studio for 150K with maintenance around $400. You’re monthly payments will be around 1,100.
Sure beats paying rent!
It’s a good starting point in real estate for a lot of people.
> no point in buying a studio may as well rent
No point for you, maybe.
Take 11217 as an example. He bought his studio a while back, and now gets to own it for less than it would cost to rent. (Point 1)
Whenever he sells it, he will get money back, unlike any rent one pays. (Point 2)
In the meantime, it is also a way to keep from being priced out of a neighborhood. (Point 3)
He can also renovate it any way he sees fit, within the boundaries of what the co-op allows of course. (Point 4)
no point in buying a studio may as well rent
“I just dont understand people who buy studios!”
It depends on where you WERE. I bought a studio years ago, after sharing a place for a few years. I was tired of renting and wanted my own place, so for instances like that, it works. If you are single, a studio is not bad. But, if you ever have guests, a studio sucks.
However, I wouldn’t want THIS studio (at the asking price).
What’s wrong with owning a studio? For some young people (kid stuff), it’s home ownership to be proud of. And some do trade up.
I think this is a very nice sized studio. At 530 square feet (according to the plan) it’s as large as a one bedroom. Knock down all those kooky walls around dining/dressing/closets and you have a great big space.
I would agree that the price is a bit high for this area.
I don’t think a studio apartment on Hawthorne Street is a good investment unless you own an adjacent unit and wish to combine apartments. People with the chops to buy real estate don’t want a studio. That’s kid stuff.
Bloomberg told me the election was on Wednesday?