Co-op of the Day: 7 South Portland Avenue, #3A
Last year, Apartment 5A at 7 South Portland Avenue in Fort Greene hit the market asking $425,000 and ultimately sold for $415,000. That unit however wasn’t nearly as nice as this new listing for Apartment 3A. The half-floor, one-bedroom co-op has a light, airy feel and has recently undergone a tasteful renovation that maintained historic…
Last year, Apartment 5A at 7 South Portland Avenue in Fort Greene hit the market asking $425,000 and ultimately sold for $415,000. That unit however wasn’t nearly as nice as this new listing for Apartment 3A. The half-floor, one-bedroom co-op has a light, airy feel and has recently undergone a tasteful renovation that maintained historic detail while lightening the space up. This one’s asking $550,000. What do you think it’ll go for?
7 South Portland Avenue, #3A [Corcoran] GMAP P*Shark
important question to ask: what is the 2010 maintance?
Nice brownstone apartment at a great FGreen location. A little small, but not claustrophobic. The price is a bit high; you can clearly get more for your money if you rent – but it only takes one person..
BHO, not seeing the $4583 per month either. What are you using, 8% interest rates or something?
“nice renovation tho. but i can renovate a refridgerator box, plop it down in a crappy neighborhood, and pay a hell of a lot less than a 1/2 million dollars.”
what does this mean exactly?
you are SO delusional 11216
*rob*
“Who the hell would rent this for $4,583/mo?
The RE pumpers are doing a great job of herding the sheep into the slaughterhouse.”
First of all, it looks as though most so far have said the place is probably a bit overpriced, so not really sure who is pumping anything on this thread other than saying it looks like a nice apartment.
Secondly, with 10% down (as this apartment seems to require) the monthly mortgage and maintenance is $3308.
With the more typical 20% down, the monthly mortgage and maintenance is $3000 per month (not including the interest deduction).
So…
A. Your figure is wildly off
B. I believe that 1 bedroom rentals at Avalon Ft. Greene start at $2350 per month, and I think most would agree that this place is in a far superior Ft. Greene location.
Nice apartment but I think the agent should at least learn how to use spellcheck. Impeccibly??
quote:
Who the hell would rent this for $4,583/mo?
who the hell would even rent it for 2500 a month? seriously wacked out.
nice renovation tho. but i can renovate a refridgerator box, plop it down in a crappy neighborhood, and pay a hell of a lot less than a 1/2 million dollars.
*rob*
Seriously small. Only an eighth of a brownstone asking a quarter of it’s overall comp (which is also overvalued by a factor of two according to historic fundamentals). Who the hell would rent this for $4,583/mo?
The RE pumpers are doing a great job of herding the sheep into the slaughterhouse.
***Bid half off peak comps***