Co-op of the Day: 1 Grace Court, #2B
Someone must think the market has rebounded! This riverfront co-op at 1 Grace Court in Brooklyn Heights was on the market with Douglas Elliman last year. It was taken off the market in July, after having had its price reduced from $1,675,000 to $1,500,000. Now it’s back on again with Corcoran asking $1,795,000. The 2,200-square-foot…
Someone must think the market has rebounded! This riverfront co-op at 1 Grace Court in Brooklyn Heights was on the market with Douglas Elliman last year. It was taken off the market in July, after having had its price reduced from $1,675,000 to $1,500,000. Now it’s back on again with Corcoran asking $1,795,000. The 2,200-square-foot three-bedroom pad clearly has killer views and we like those wood built-ins in the living room, but the monthly maintenance of $2,483 is not for the faint-of-wallet. Then again, it’s a prime Heights location.
21 Grace Court, #2B [Corcoran] GMAP P*Shark
Sorry Minard but 1.5M purchase price doesnt qualify as a “rich” persons apartment in NYC – certainly people must be well off but ordinarily 1.5M assuming you financed 2/3 is about 5k a month which if combined with a more reasonable 1K carry – is 6k a month and should equal a couple earning 300-400K a year (again well off but not Rich by NYC definitions) and if you are making 300-400K a year – 2.5K a month for the carry charges IS a consideration
what would a comparably sized unit with unobstructed skyline views cost in DUMBO? or in One BBP?
Antidope, welcome to the darkside. you’ll like it
Interesting … The Widget right now has the property at 1.534 million, which is to say slightly *higher* than ask when the listing was pulled in July…
So either there’s a “if you sell it, they will come” effect, or people also perceive that the market has risen some??
that would be the crappiest *rich person* crib ever.
i think when the rich man shows up with his supercilious architect, said architect will convince idiot rich man to look for something with at least a hint of character.
and if it’s views that stupid rich man wants, i think stupid rich man would like (and could afford) a few floors higher.
for first time ever, i believe the widget will overprice (if this is a real seller). 1.3 to account for 500k of vomit inducing maintenance.
Crazy to me that the widget is coming in above where this apartment was last listed for.
What’s $30,000 a year carrying charges to a rich person? Especially as a portion of it is tax-deductible.
This isn’t moderate-income housing. Much more of an issue for a rich person is the lack of building staff, ie: no doormen.
$2,500 a month!!
WHAT?
so you mean to tell me that Elliman had this place a year or so ago and was expecting no less than 1.375mil and now Corcoran has it for 1.75mil
Officially insane!