Co-op of the Day: 125 Eastern Parkway 3 Bedroom
Real family-size prewar apartments are hard to find to come by in Brownstone Brooklyn, so we were interested to come across this FSBO listing (yet another one using free blogging software) for a three bedroom at 125 Eastern Parkway. The 1,800-square-foot place combines two apartments, the D and E lines. Given that 5D sold for…
Real family-size prewar apartments are hard to find to come by in Brownstone Brooklyn, so we were interested to come across this FSBO listing (yet another one using free blogging software) for a three bedroom at 125 Eastern Parkway. The 1,800-square-foot place combines two apartments, the D and E lines. Given that 5D sold for $725,000 last June and 3E sold for $271,371 in 2004, the asking price of $900,000 (or $500 a foot) seems quite reasonable. We also like the layout: If it were our place, we’d blow open the whole center of the apartment, combining the current kitchen, dining room, living room and den into one gigantic space. But that’s just us. Looks like the apartment has been on the market since February 1. We bet it’ll be snapped up by someone at one of the two open houses this weekend.
125 Eastern Parkway FSBO [Blogspot] GMAP P*Shark
looks like a nice apartment. but b/c they made it from 2 you are stuck with a large carrying cost which is always the drawback with coops/condos. Eastern Pkwy is terrific. There is no other street with these public amenities outside of Manhattan. Museum, Garden, Library, Farmer’s Market, Park. I used to live in Turner Towers and I miss that block. 2nd floor may not be so hot but higher up you can’t beat it. May sell for closer to 800,000 in my opinion.
per the sellers the flip tax is 2% of the gross sale price
Ahem, having spent a lot of my life cooking – and in PH actually – you may not be aware of how despised an electric stove is by any serious cooks. Someplaces you can’t get gas lines and you have to use electric, but it is rarely a choice where both are available, if you care about cooking.
The purchase cost analysis is a total joke.
Almost by definition, if you are in the 38% tax bracket, the govt claws back the mortgage interest deduction.
Also, doesn’t this building have some evil flip tax?
surely that was a joke
Anon 1:29- Are you serious? An apartment won’t sell because of an electric stove…that is funny. Sure the space is great, the building is wonderful, but oh no…not an electric stove! Electric ovens are preferred by bakers and electric cook tops clean very nicely….
Electric stove…ick. A deal-breaker for most I would say. This will never sell.
Anon 1:13: what’s so cheap and cheesy about the kitchen? the storage looks great, the countertops are silestone, and the stainless backsplash probably makes the small space seem larger…
If we were going to buy an apartment, Eastern Parkway is probably the first place we’d look.