Co-op of the Day: 75 Prospect Park West, #2B
This co-op that just hit the market at 75 Prospect Park West shouldn’t have any problem attracting interested buyers: It’s got lots of classic charm and three bedrooms to boot. It’s also located right across the street from the 3rd Street entrance to the park. (We’re also digging the oh-so-subtle 321 reference: “Stroll down 3rd…
This co-op that just hit the market at 75 Prospect Park West shouldn’t have any problem attracting interested buyers: It’s got lots of classic charm and three bedrooms to boot. It’s also located right across the street from the 3rd Street entrance to the park. (We’re also digging the oh-so-subtle 321 reference: “Stroll down 3rd Street to an ever popular elementary school on 7th Ave.”) The price tag is $1,095,000. Think it’ll fly?
75 Prospect Park West, #2B [Corcoran] GMAP P*Shark
OK, thanks. I thought it had to have three full bedrooms. But I guess not.
OK, I take it back. But most Slopers I know who are in this income bracket send their kids to private. 321 has a great reputation, but (a) it is massively overcrowded, as others have noted [it may “run smoothly,” but your kid is still 1 of 30 in a class], and (b)you still have to worry about middle and high school. I’m just saying, 321 is not the huge selling point it once was for high-end real estate.
Sweetlou,
I’ve also heard from a few people who send their kids to 321 that stories of it being overcrowded are greatly exaggerated, and every person I know who has kids there raves about it.
I think it’s one of those schools people like to try to pick apart for the fun of it, but it is considered one of the best elementary schools in NYC.
Also heard terrific things about PS. 282, also in the neighborhood.
PS 321 has been “overcrowded” forever and they know how to deal with it, things run very smoothly for the most part. It really is a great school and definitely worth a premium to be able to send your kids there and not have to shell out for private school or to have to schlep to a non-local school. There are a number of other good schools in the area these days though so being in the 321 zone is not as important as it once was.
Nomi, I am sure there are better definitions, but basically it’s a family-sized apartment with six rooms: Living room, dining room, kitchen, usually a maid’s room, and two bedrooms (or chambers as they are called in the old floor plans).
Add another large bedroom to get a “classic 7.”
2nd floor living is no fun. everyone can see what you’re watching on tv and what you’re wearing when you go to raid the fridge in the middle of the nite.
therefore the “reasonable” price
Posted by: sender9999 at February 8, 2010 1:56 PM
I’m not so sure I agree in this case:
http://www.emporis.com/application/?nav=image&id=685491
What is a classic 6?
Posted by: Nomi at February 8, 2010 2:31 PM
Six rooms, typically laid out with 3 bedrooms (at least one en suite), dining room, living room, or perhaps two bedrooms, two bathrooms, living room, a formal dining room, with an additional maid’s room and bathroom. I’ve seen several definitions but those 2-3 bdrm layouts seem common.
The classic part (of course) refers to prewar.
What is a classic 6?
Keep in mind that the number of seats available in private schools are fixed. The don’t create a new slot whenever a housing units crosses the 1m mark. Furtheryou are now looking at 30k per year in Brooklyn minimum. Two kids – 60k. That supports payments of roughly 1m mortgage!
Also – 321 is alas a victim of its own success since it is now getting seriously overcrowded. I wonder whether this will eventually have a negative effect on prices for 321 district, unless the politicians have the courage to consider rezoning, or find some other solution which will most likely be rather draconian.