Co-op of the Day: 1 Pierrepont Street 3BR
A massive apartment at Brooklyn Heights’ swankiest address has just hit the market. This high-floor three-bedroom co-op at 1 Pierrepont Street has been under the same ownership for three decades and retains much of its original charm, though the apartment does sport a large, recently renovated kitchen with all the trappings. The monthly maintenance is…
A massive apartment at Brooklyn Heights’ swankiest address has just hit the market. This high-floor three-bedroom co-op at 1 Pierrepont Street has been under the same ownership for three decades and retains much of its original charm, though the apartment does sport a large, recently renovated kitchen with all the trappings. The monthly maintenance is $3,640 and the asking price is $4,500,000. We’ll be mighty surprised if this asking price is achieved. After all, the most recent sale in the building was a four-bedroom that went for just $3,150,000 after dramatic price cuts. Update: As a commenter points out, Property Shark and StreetEasy both have the wrong sales price for 8A. As per city records, the actual sales price was $4,650,000. How does that change your outlook?
1 Pierrepont Street 3BR [Corcoran] GMAP P*Shark
Scratch “Enron-style”. Doesn’t make sense here. My knee-jerk about all other listings, especially streeteasy.
***Bid half off peak comps***
“How does that change your outlook?”
About streeteasy’s and propertyshark’s Enron-style accounting or the listing above?
***Bid half off peak comps***
blech. looks like the crime scene of an old lady drive-by.
*rob*
oh and, Boerum Hill…..You think someone moves in this bldg and puts only 20% down? get real. how low class.
the red flooring pic is not the apt. It is common area top of bldg.
Has old geezer vibe because a bldg for old geezer money.
And you know your neighbors will probably be just like you.
I’ve posted this before, but this building has some crazy rule that waterview units have to first be offered to current shareholders before you can take it to market. So I think people generally set a very high price just so it can get past this first hurdle quickly and then they eventually settle at a lower price.
Just to be perfectly clear about ‘stoner’s OP with respect to Unit #8A (the last sale in this building):
11/14/2008
Listed by Brown Harris Stevens at $6,250,000.
12/02/2008
Price decreased by 12% to $5,500,000.
06/23/2009
Listing entered contract.
09/21/2009
Listing sold.
So what did it sell for? We ran a widget 06/24/09 before the sale was recorded…average bid was $4,764,268.
http://bstoner.wpengine.com/brownstoner/archives/2009/06/one_pierrepont.php
Actual sale price recorded 09/21/09?
$4,650,000.
(ASIDE – P/S erroneously lists the sale price as $3,150,000 – a fairly common occurrence – but http://www.nyc.gov/html/dof/html/property/property_val_annual_sales.shtml has the real deal.)
BHO on this one?
Sadly, the “Salamander broiler” is the deal-breaker for me. I only like my salamanders baked or steamed, but definitely not broiled. If not for that, and no private outdoor space for CDog (who doesn’t do shared space), it’s exactly what I’ve been looking for. Not sure why you’re all griping about the price and the maintenance.
It’ll go for low 3’s this year.
The comp is actually a 5 BR (for $5M) , not 4 (for $3M – WTF am I missing here?). Wellllll, you can deduct a BR from both due to the lack of a common area bathroom. So we’re comparing a true 2 to a true 4, both apparently on high floors facing the harbour. Maintenance comparitvely high on this one though ($4,500/mo compared to the “5 BR”‘s $5,072/mo). Did taxes and upkeep increase that much in five months?
Is that pic with skylights a common roof shelter? Must be or, as Nomi alluded to, the broker would have plastered the listing with “PENTHOUSE!”.
A few years from now, it’ll go for $2M. Or, ciabatta will be $50/loaf and minimum wage will be in the 6 figs!
***Bid half off peak comps***