Co-op of the Day: Turner Towers Three Bedroom
Based on the photos in this listing from last year and the latest one at the vaunted prewar building at 135 Eastern Parkway, this broker would do well to invest in a new photographer. No reason not to put your best foot forward. (For the record, this exterior photo is one we took!) Now, enough…
Based on the photos in this listing from last year and the latest one at the vaunted prewar building at 135 Eastern Parkway, this broker would do well to invest in a new photographer. No reason not to put your best foot forward. (For the record, this exterior photo is one we took!) Now, enough with the ranting…This place is massive—over 2,000 square feet—and has got all the standard prewar trappings one would expect. And, at $1,800, the maintenance comes out to less than a buck a foot per month. Given all this, the asking price of $1,100,000 seems perfectly reasonable to us. Agree?
135 Eastern Parkway [Susan Breen] GMAP P*Shark
Maintenance sure to rise as plumbing repairs and other upgrades need to get done. Plumbing is the big one, though.
Maids room is small, but not THAT small Rob.
g10, where are the low price, low maintenance big aptmts in brownstone BK? that’s what these babies cost. cheap? no. house better cashflows – heck yeah.
think the only ones in the “general area” that are large units and maintenance looks “non-large” is further down on E. Parkway in crown heights.
The real question is not whether the $1,800 is too high but rather is it likely to increase if the building does in fact have a lot of deferred maintenance issues.
quote:
Tinarina: You cannot get rid of the maid’s room due to mechanicals in the wall. Otherwise a good idea.
is it one of those tiny closets with a toilet in it? in the maids room in the apartment when i lived in harlem it had a toilet in it. the room was already TINY!!!! but it had a toilet in it. (we called it the barf toilet). some crazy chick with a chilean dengoo (sp?)actually rented out that maids room
*rob*
Thank you cGar
I just don’t get the appeal of this place for over a million
sure 500-600K I might understand
but this place is super expensive to buy, keep and renovate
I think it has great potential, and I love the location, but it needs work, and that $1,800/month maintenance is not something I want to live with for the rest of my life.
There was an interesting article in the NY Times recently about 3 apts in this building — all in the same line — and the different styles of renos each had undergone.
These are the comps in the building. Can’t tell for sure because don’t know what condition each apartment was in & which way they face.
But guesstimating based on this suggests that $1.1mm is more of a peak asking price for this size and $900-$950,000 is a more reasonable.
http://tiny.cc/X3CjQ
Tinarina: You cannot get rid of the maid’s room due to mechanicals in the wall. Otherwise a good idea.