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
Really? I am asking honestly. This seems quite high. Let’s look at some math:
* 78 Units
* 850 sq ft / unit (guessing a conservative average)
* 66,300 sq ft of “living space”
* $0.80 per sq ft per month
* $53,040 monthly maintenance per month
* $636,480 maintenance fees per month
The tax bill was $115,000.
That leaves $521,480 per year (or $43,457 per month) to pay for heat, water, hallway lights, and maintenance. Let’s assume a big chunk of that is saved each year (say 15%) for things like a new roof and replacing the boiler in the future… that’s still almost $37,000 a month!
Take the overall “footprint” of the building (143 ft x 184 ft with chunk out of the middle)… the energy and *everyday* maintenance costs would have to be close to $3 a square foot! Or basically $6.70 per sq ft of “living space”
That seems a bit excessive… no? Have I missed something major here?
Is there criteria for co-op of the day or is it based on random selection? It seems odd that a property this mediocre in an iffy location would even merit attention.
They want how much? $419,000? No gentrified person will feel safe in this area….and $1000 a month common charge is way too high for this place, is there a swimming pool on premises? :::puzzled::: can somebody do the math on what the total monthly amt would be for this place?
Nice big apartment and comfy layout. But the location is not good at all.
My 1080 sq ft coop has a doorman and a maintenance of under $600. $1,000 seems way high
Maintenance covers, among other things, heat and water and a unionized super. All of which are pretty consistent whether you’re on the Upper East Side or PPG. Even taxes aren’t as different as you might think.
boxy and dark
Why does it say Clinton Hill in categories?
The maintenance is quite high. It looks as though a great deal of the pre war details were stripped from the apartment. Was this a rental-the closet doors are cheap.