Co-op of the Day: 495 1st Street, #2
We’re hot-to-trot for this one-bedroom co-op at 495 1st Street in Park Slope. Sure, we wish it were a tad bigger but for one person this would be a great pad. Admittedly, we’re seduced by the gorgeous woodwork—but the private deck doesn’t hurt either. The monthly maintenance is a low $375. And what about that…
We’re hot-to-trot for this one-bedroom co-op at 495 1st Street in Park Slope. Sure, we wish it were a tad bigger but for one person this would be a great pad. Admittedly, we’re seduced by the gorgeous woodwork—but the private deck doesn’t hurt either. The monthly maintenance is a low $375. And what about that asking price of $575,000? Too much?
495 1st Street, #2 [Brown Harris Stevens] GMAP P*Shark
“This is quite a large one bedroom and would be pretty much perfect for a couple. How much sq feet do couples need today?”
This is certainly not “quite a large one bedroom.” And, it is far from perfect for most couples. Yes, if you are a couple that is out all the time and rarely home, dont like having company over, don’t have much stuff and dont need your space, this is fine. But if you actually use your apt to live, its far from perfect for a couple. We and various couple friends have lived in apartments this size, and it wasn’t easy for any of us. You outgrow it (or the relationship!) quick.
That being said, you can rent a much bigger apartment for less. At this price its insane for a couple.
But the deck is a nice bonus.
cgar- btw, bf asked if rob was psychic why couldn’t he find tarot cards thursday night…
*rob* lives this close to 321?
The other reason they’re asking a premium for this apartment – and I think they’ll get it – is proximity to *rob*.
What you say is certainly true, Petunia.
These gorgeous 1 bedrooms are highly sought after. The block is magnificent…one of my favorite in the Slope.
I like foyer and hall space for art as much as the next person. But I like to cook and entertain, so I’d still opt for a larger kitchen. And I also agree with etson – I prefer some separation between the kitchen and the living room.
But don’t get me wrong, I think the kitchen is easily updated, and you don’t have to spend a fortune to do it. And even if you don’t want to break through to the foyer, you can add a counter between the kitchen and living room, and even hang cabinets from the ceiling with glass doors on both sides, giving you both light and separation. Just sayin’.
And yes FloatingWorld, I agree that’s part of the fun.
I’ve always loved this block and this building in particular – I’m surprised it’s a co-op. Most of the houses on this block, I believe, are 1-2 families. Besides the charm of the apt. itself, you’re paying a premium for the block, and that combined w/low mt. doesn’t make the price seem out of line.
We lived in a similar co-op for a while (converted brownstone on coveted street w/ very few multi-family bldgs), and our neighbors sold their place in the low 800,000’s at the height of the boom. Their apt. had a teensy second bedroom (big enough for a baby or small office) and a roof deck instead of a deck off the back of the apt., but otherwise pretty comparable. That was, admittedly, a crazy price, but it shows that people will shell out for these hard-to-come-by apartments.
The kitchen needs to be re-worked in plan, but isn’t that part of the fun?
Maintenance seals the deal as the bldg only pays about 10K in property taxes.
That kitchen size would be a dream for most people in the city. We’ve all been duped by HGTV into thinking that we’re having dinner parties every weekend for twenty guests.