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
BK–there are comps in the building to support this ask. Whether that means that an appraisal will come back at the ask I can’t say but if you go and look at the building sales history you will see that apts in this line have sold for over this ask.
This apartment is about 150k over priced at least, 2BRs are selling in the higher 300s low 400s. Even if this apartment sold anywhere near asking price the bank would cut the appraisal short by an astronomical amount. I can not see this place selling any where near the asking price, if it does Id be absolutely shocked! With 20% down they’d hold a loan of about 400k, which is approximately $2200 a month + 800 Maintenance, $3000 a month for a 1BR is pretty insane.
jerry embodies the word “schmooze”. A picture of him should accompany the word in the Yiddish dictionary.
Why is Jerry Minsky considered a cheeseball? What’s he done?
Having sold an apt with exactly this layout in this building last year I have a pretty good sense of what is possible. We had configured ours pretty optimally for the space and had done a really nice reno. And we got higher than this ask for essentially the same apt. Now that was over a year ago and our pad was in better shape than this. Wouldn’t surprise me if they could get 500 for this but that would be the absolute ceiling I would imagine.
good call on cheeseball.
if you search the archives, you’ll discover that the cheese was downsized (last year i believe).
real estate and realtors are the same. the bad ones don’t go away, they just get repriced. or move into the shadow inventory?
***half off half ass brokers***
I don’t really think $809 is that great maintenance on a 1 bedroom in Clinton Hill.
This seems wildly overpriced to me. by 100K.
The orange on the ceiling is not for the faint of heart. $520K seems rich but I think they would be delighted with $475 if they brought before 2006.
So, how come the link says its Ochocinco Realty where the link is actually to that cheeseball Jerry Minsky, who is apparently now at Elliman?