Co-op of the Day: 111 Hicks Street, #24E
This new listing at 111 Hicks Street in Brooklyn Heights is just a few floors below the raw space that just got featured in the New York Times. The 1,120-square-foot two-bedroom has absolutely killer views but, given that it’s a prewar building, the finishes in the apartment, while perfectly presentable, are a bit of a…
This new listing at 111 Hicks Street in Brooklyn Heights is just a few floors below the raw space that just got featured in the New York Times. The 1,120-square-foot two-bedroom has absolutely killer views but, given that it’s a prewar building, the finishes in the apartment, while perfectly presentable, are a bit of a letdown in the charm department. The maintenance is also a painful $1,935 per month. Asking price: $799,000.
111 Hicks Street, #24E [Corcoran] GMAP P*Shark
bxgirl oh ahhaha thanks., however, i havent seen or used a bed in a number of years tho!
*rob*
dibs, see previous posts on this – there has been a rooftop terrace renovation going on for years, including the recent disposal of some original terracotta ornamentation that raised many hackles – supposedly it was to be reproduced and replaced. We’ll see – but this could also be a contributing factor to that high maintenance.
rob- click on the links. Go to picture # 3. If you think that big black thing on the right is a bed, you need new glasses.
that’s not a piano minard, i think that’s a bed.?
*rob*
Minard, It is still $4,300 coming out of the owner’s pocket each month after they deduct their own mortgage interest ($5400 before the monthly tax deduction). And I know the difference between Hicks and Clark and “some windswept street Downtown” having lived in this neighborhood until very recently.
To answer your question, I don’t think (actually I know) that living in a high rise Art Deco co-op in Brooklyn Heights is cheap, but when I can rent a similar 2 bedroom (high rise, nice views, similar square footage) for $500 less a month, the price of this place is indeed expensive, particularly since I need to throw down $160k upfront for the privilege of spending $500 more a month.
he mortgage looks like 11.5 million, and perpetual.
Posted by: invisible at March 30, 2010 1:29 PM
THAT is freaking amazing. I didn’t even know such a thing existed, until my Grandpa explained to me that amortization was a novelty until after FDR created the banking regs.
Rob, look at the pictures, there is grand piano in the living room. My comment was not random.
bk, the $1,935 a month maintenance inlcudes the real estate taxes, the underlying mortgage, and all the services including 24-hour doorman. Plus this is Brooklyn Heights it’s not some windswept street Downtown. Why do people assume living in an Art Deco highrise co-op in Brooklyn Heights will be cheap? What part of that makes one think of “inexpensive”?
I live very nearby this building in a coop and our maintenance is nowhere near this high, like, not even in the ballpark. people often say that property taxes are high in the heights and this is true, but that’s not the only reason for the sky high maintenance in this building.