Co-op of the Day: 915 President Street, #1F
The main room of this ground-floor studio at 915 President Street has nice old-school charm and the apartment’s clearly in a choice location, less than a block from the park. The monthly maintenance of $692 feels a touch high for half a floor in a non-doorman brownstone, but won’t break the bank on its own….
The main room of this ground-floor studio at 915 President Street has nice old-school charm and the apartment’s clearly in a choice location, less than a block from the park. The monthly maintenance of $692 feels a touch high for half a floor in a non-doorman brownstone, but won’t break the bank on its own. The asking price is $309,000. How does that stack up against other studios in the area?
915 President Street, #1F [Douglas Elliman] GMAP P*Shark
Hopeful but not beyond possibility; it’ll be end up at about 275 is my guess. That’s what people are prepared to spend and, at 2000 a month, you won’t find somewhere that’s substantively better to rent. You might get a one-bedroom but it’ll have the kitchen in the living room and it’ll have that crummy feel you get with rentals. If you’re prepared to spend 2000 a month and this place has solid quality then it’s perfectly plausible to buy this in the high 200K range. Might seem wrong but that’s what the market’s saying at the moment.
Why is the maintenance so high for a studio; i.e. what’s wrong with that coop? That’s what I’d be asking. $692 is what you pay for maintenance for a 2 or 3 BR coop apt in prime North Park Slope.
“Overpriced, but some parent will it buy it for their daughter who is either a school teacher or works in non-profit arts administration.” (PlazaMan)
But not if she’s just a useless artist, musician, dancer, actor, writer? She’s gotta be doing some kind of tangible good work in your scenario?
Overpriced, but some parent will it buy it for their daughter who is either a school teacher or works in non-profit arts administration.
Ridiculous.
The seller is still living in Delusionalville I see.
way overpriced as usual
$2000 is with the maintenance. This is assuming 20% down, 30-year fixed mortgage, 5% rate.
FWIW:
07/09/2004 – Previous Sale recorded for $227,000.
03/18/2010 – Listed by Prudential Elliman at $309,000.