Co-op of the Day: 224 Henry Street, #2AB
This new listing at 224 Henry Street in Brooklyn Heights looks very nice. The two-bedroom co-op takes up the entire floor of a 25-foot-wide brick townhouse. There are lots of original details and the recently-renovated kitchen is also attractively done. The monthly maintenance of $1,170 seems a tad high given the lack of a doorman…
This new listing at 224 Henry Street in Brooklyn Heights looks very nice. The two-bedroom co-op takes up the entire floor of a 25-foot-wide brick townhouse. There are lots of original details and the recently-renovated kitchen is also attractively done. The monthly maintenance of $1,170 seems a tad high given the lack of a doorman or amenities, but not painfully so. The asking price of $995,000. What do you make of that? There was an open house on Sunday—did anyone attend?
224 Henry Street, #2AB [Brown Harris Stevens] GMAP P*Shark
This is my work. Purchased a studio and 1-bedroom in ’98 and combined them via gut rehab. Sold it, FSBO, in 2004. Kitchen and hallway floor is actually hand painted in a basket weave pattern – really cool looking in person. Every square inch of apt was designed to maximize functionality for our particular needs, married couple with one child. Moved out when we needed more space – ie to accomomdate more children. Decorated it ourselves.
Donald
http://www.myhomebrooklyn.com
thwackamole1 –
1) No way is this 25×50. That’s the _EXTERIOR_ floor plan. Subtract 100+ for external walls and another 150+ for the staircase — your real interior square footage is probably less than 900.
Understood, useable is always less than stated gross because of common areas. But subtracting for the walls? mmmKay, that’s a new one. FYI – 1250 less 100 less 150 is 1000.
2) If you could actually finance the whole thing at 6.5%, your all-in cost would be around $80k/year, or around 6.6k per month. That is at least 50% higher than rent on nearly equivalent properties.
I’ve yet to encounter a situation where renting is more expensive than buying on a per month basis, so not even sure where that thought was headed.
WTF is taking out jumbo mortgages @ 6.5% in our area?
“Current fixed 30-year jumbo loan rates are averaging 5.65% this week, down from the previous week’s average jumbo interest rate of 5.74%.
The average fixed 15 year jumbo loan is averaging 5.11% this week, down from last week’s average jumbo home loan interest rate of 5.21%.”
If you could put down more than $265K, you could get a conforming loan @ 5.0% or less.
Granted, when you include the mnt/cc you’re still at nearly $7K per month.
3)
Width of stove is def pretty narrow (30 inches) but it would work for me (we are both skinny)
4)
Think you’re right – IIRC from Forum discussions, 10 x 8 (size of the den) is the minimum, that one is 9 x 8. Legal or not, either room would work for our toddler.
5) & 6)
Maybe you and DeLepp can find a share in Nevada.
😉
“How does one access the Brownie Flickr account? I must go and see Ddog.”
I’ll email you know when I post her pics, Noki. I’m still tinkering (procrastinating?) over my thank yous at the moment.
Ha! Thwacka. That made me laugh out loud. And I was reasonably certain looking at the floor plan in conjunction with the pictures that this was nowhere near 12 to 1300 sq.feet.
How does one access the Brownie Flickr account? I must go and see Ddog.
Noki, CDog is dying to meet you. I have to post pictures of her on the PLUSA Flickr account.
I visited this one at the open house. The apartment is a beautiful jewelbox full of high-design features, and it was staged extremely well.
1) No way is this 25×50. That’s the _EXTERIOR_ floor plan. Subtract 100+ for external walls and another 150+ for the staircase — your real interior square footage is probably less than 900.
2) If you could actually finance the whole thing at 6.5%, your all-in cost would be around $80k/year, or around 6.6k per month. That is at least 50% higher than rent on nearly equivalent properties.
3) The kitchen is marginally usable by two people — hope you are both thin.
4) The baby’s room is smaller than most brownstone small rooms — I’m not sure it is even legal bedroom size.
5) The en-suite bathroom doesn’t have a shower or bath, which is annoying if you are trying to take a shower.
6) There’s not much storage in the apartment — no access to the basement or yard. No package pickup, etc.
So the only realistic use of this is either couple with 0-1 kids for a limited period of time, or an older single/couple.
The price chopper cometh.
WOW….Great place! And, I too would put a murphy bed in the study…And the kitchen is nicely done….what a perfect use of space.
Your dog, CGar. Must be met by moi. I suspect she would be very happy in that room. And she’d get her own bath!
“Ahem, Biff! Or a single person and his dog.”
CGar, I thought you considered the CDog your child!
Better not let him hear you talk like this.