Co-op of the Day: 360 Clinton Avenue, #5B
Here’s a very generously-sized one-bedroom at one of the nicer prewar apartment buildings in Clinton Hill. The fifth-floor co-op at 360 Clinton Avenue has a good layout and some original architectural details to recommend it; and the monthly maintenance of $809 is pretty fair for a building with a part-time doorman. Still, the asking price…
Here’s a very generously-sized one-bedroom at one of the nicer prewar apartment buildings in Clinton Hill. The fifth-floor co-op at 360 Clinton Avenue has a good layout and some original architectural details to recommend it; and the monthly maintenance of $809 is pretty fair for a building with a part-time doorman. Still, the asking price of $520,000 seems like a bit of a stretch for a one-bedroom in this part of town, even if it is large and attractive.
360 Clinton Avenue, #5B [Douglas Elliman] GMAP P*Shark
“This is a split-up of a prior listing; the original was two apartments combined. The owner has now split them in two and added a kitchen to the 1BR.”
Wow, interesting. The photos for the old listing are obviously from the other half. But if this one has a new kitchen, I wonder why it’s not shown.
One more thing: this isn’t in the Clinton Hill Coops. It’s in a prewar building across the street.
This is a split-up of a prior listing; the original was two apartments combined. The owner has now split them in two and added a kitchen to the 1BR.
http://www.brownstoner.com/brownstoner/archives/2009/02/coop_of_the_day_193.php
It is a nice place, clean building, great location. But there is almost nothing in the way of nice views and you have to have your laundry in the basement; also the super is not 24/7. She turned down one offer already and she may not be willing to come down.
Also on clinton hill coops, I’ve heard a number of people who have commented that they could not live there because they feel too much like projects. Fair or not, that does dampen demand, along with really high maintenance.
@serpentor – The Clinton Hill Coops are discounted because the maintenance fees are atrocious!
“one bedrooms are not a good investment.”
I have not noticed a discernable difference between the relative movement in the prices of 2 BRs and 1 BRs, I don’t see the logic of this statement. If anything, i have noticed that the prices of 1BRs (coops) have been relatively stable during the downturn. The entry point is not significantly different at least in brownstone brooklyn – still pretty much takes upper 3’s to 400 to get in the door, same as 2008.
> one bedrooms are not a good investment.
Any data backing this up? Given that half of this city seems to be single or live alone, how do you arrive at this conclusion? Or is this just an extension of “only introverts live in in studios” thesis?
The Clinton Hill Coops have 8ft ceilings throughout. Which is why they’re discounted. Is this building well managed? The PShark listing shows a good number of active Lis Pendens against the owners corp.
Really? Is that true? One bedrooms are not a good investment, even a nice sized flexible one like this?