Co-op of the Day: 40 Clarkson Avenue, #4F
If you’re looking for a large prewar apartment for under $350 a foot, this co-op at 40 Clarkson Avenue in Prospect Lefferts Gardens could be worth a look. The three-bedroom pad has over 1,200 square feet of space and a new kitchen to boot. The monthly maintenance is $1,000, pretty reasonable given the space, but…
If you’re looking for a large prewar apartment for under $350 a foot, this co-op at 40 Clarkson Avenue in Prospect Lefferts Gardens could be worth a look. The three-bedroom pad has over 1,200 square feet of space and a new kitchen to boot. The monthly maintenance is $1,000, pretty reasonable given the space, but you don’t get a doorman with that. The location is good in terms of proximity to the park and the Q train. What’s this particular block like?
40 Clarkson Avenue, #4F [Douglas Elliman] GMAP P*Shark
But, being near express trains is nice.
Drewhan, I don’t know about “tons of space” in the apt. you listed. That living room is a postage stamp and one of the bedrooms has no closet in it.
Kensingtonian – my first calculations were based of this unit alone, plus some extrapolation from the number of units etc. But then I noticed that PropertyShark.com listed financials form 2007. Expenses and Revenues. $591,650 in revenues and $344,814 in expenses.
Expenses:
Fuel $94,367
Light $16,911
Wages $60,037
Repair $68,474
Management $22,000
Insurance $33,201
Water $38,548
Lease $0
Miscellaneous $11,276
Land rent $0
Other $0
TOTAL $344,814
i don’t know the exact calculation used to figure out maintenance but there is certainly a correlation between the number of bedrooms and number of shares and higher maintenance fee. this apartment is one of the lucky ones to have tons of space and great, open layout while also having a relatively low maintenance compared to other coops of its size and quality. i personally have been looking for 2 bedrooms in a few neighborhoods and this one is bigger than most i’ve come across. i guess seeing is believing. Also, express trains to manhattan and prospect park are both a two minute walk away.
Dimensions are way off. They are including the hallway in the living room measurements. That living room is more like 10×10
Ty, I see what you’re saying but are you looking at the real financials of the building or something some website like realtyshark is giving you? How do you know all those fact? I am just curious since I didn’t know you can get building financial offline. If so, can you tell me where you looking at this stuff?
My point is that there are also insurance for the building, management fees, some legal expenses (can be high depending if building is going through some sort of legal battle or not) so all of those also add up. I’ll tell you one thing for sure, I am on a board of a fairly similar building and that maintenance seems well within what my building and others in my area pay so I would say its VERY reasonable for that square footage.
So wait, is it your opinion that the coop board is arbitrarily raising maintanance on the tenants (and themselves) just to stock up on cash or are you suggesting….coop board embezzlement!?!?!?!
Oh snap! I’ll contact the local precinct to let them know that you found something strange in your audit!
My maintenance on my non-full service building is around this cost per SF. I’ve seen our audited coop statements and there is no extra or wasted money. You have no idea what you are talking about, but I’ll leave you to enjoy your indignant (and arrogant) speculation.
Drewhan: If the maint. is based on shares and larger apts have more shares ergo higher maint. fees, why does the apt. you listed have significantly lower maint. at only 100 sq. ft. smaller?
drewhan – That is really just a glorified one bedroom. And the dimensions of the “living room” on the floorplan are off.