Co-op of the Day: 449 9th Street, #2F
This one-bedroom co-op at 449 9th Street is very cute. Great brownstone-y moldings and parquet floors plus good natural light. The major negative is the size of the bedroom, which appears to be just a standard single-windowed side room. Still, for one person, this could end up working quite nicely. Do you think they’ll end…
This one-bedroom co-op at 449 9th Street is very cute. Great brownstone-y moldings and parquet floors plus good natural light. The major negative is the size of the bedroom, which appears to be just a standard single-windowed side room. Still, for one person, this could end up working quite nicely. Do you think they’ll end up getting close to the asking price of $389,000?
449 9th Street, #2F [Warren Lewis] GMAP P*Shark
20% is customary in a small co-op. Usually required.
And today, you could most definitely get right around %5.0. I know since my mortgage broker calls me every other day asking me if I want to refinance.
You can spin it any way you want, Ty but your $2800 number is totally bogus.
This is not a bad deal.
Yesterday’s Brooklyn Heights 1 bedroom at $3200 a month with mortgage and maintenance is however a bad deal.
DIBS – 40 years in this place sounds like a treat!
They’ll get close to asking on location alone.
> a full 20% down payment
Hell yeah. Any co-op that small that you would want to be part of would demand 20% skin in the game.
The non-owners don’t understand the concept of living rent free after the mortgage is paid off.
“When you factor in the tax deduction, it’s cheaper to own this place than to rent.”
Assuming you believe that ~$78k is safe and you can ride out any severe drop in value
Wow… 5% mortgage rate and a full 20% down payment. Those are some pretty great assumptions for a very small co-op.
Your math is off again Tyburg. $2196 a month and that’s before the tax deduction. This is about the going rate (maybe slightly more) than a comparable rental in Park Slope. The average according to that report last week for the neighborhood was right around 1900/2000 a month.
When you factor in the tax deduction, it’s cheaper to own this place than to rent.
Down Payment
$77,800
Mortgage Amount
$311,200
Mortgage Payment
$1,671
Total Monthly Payment
$2,196
So… we’re talking just under $2,800 a month.