Co-op of the Day: 385 Clinton Street, #3L
This co-op at 385 Clinton Street in Carroll Gardens has a lot of nice things to recommend it, but we still have a hard time seeing how anyone will end up ponying up $1,485,000 for a third-floor walk-up in a non-doorman building in this location; on top of that, the railroad layout and the single…
This co-op at 385 Clinton Street in Carroll Gardens has a lot of nice things to recommend it, but we still have a hard time seeing how anyone will end up ponying up $1,485,000 for a third-floor walk-up in a non-doorman building in this location; on top of that, the railroad layout and the single bath seem like additional hurdles. What do you think? Kooky asking price?
385 Clinton Street [Brown Harris Stevens] GMAP P*Shark
This is a Guido tenement.
the maintenance is low cuz the “family” who owns it has connections here and there, yez know?
Definitely a good place to invest that last million that you made in the “Ciudad Juarez Deal”
Wow the ask price on this one is seriously obscene. This is really a 2 bedroom with lots of storage space and an unfortunate layout.
I agree it’s very likely they have a lot of deferred maintenance and assessments. Plus, don’t be surprised if the maintenance jumps soon. But it’s nice to see these low prices.
According to Property Shark, the annual taxes on this building are $13,300.
Sounds fishy, maybe mis-classified. But good for them for paying so little in taxes.
According to Property Shark, the annual taxes on this building are $13,300.
someone with a propshark account – look up the taxes on this address (for the building). I already used my 1 lookup for the day.
I agree, southbrooklyn. I live in a small condo (very pre-war) that is no-frills, a walkup and self managed. This is slightly less than what we pay for maintenance (and maintenance only, because we are taxed separately as condos and have no underlying mortgage). We just break even operating the building and choose to build the reserve through assessments. I don’t think this building is really doing it on $350/mo including taxes – there must be other income or assessments coming in on top of that.
nope, my apt. is well proportioned 750 sf in a walkup building. no elevator. no mortgage. self-managed. coop since it was built. almost all of our maintenance goes for things that would be similar for any building — insurance, water, fuel, taxes — and these are costs that increase with the size of the apartment (excepting water, i guess)
the apartment in this listing must be at least 1200 sf. and yet the maintenance is the same as mine at 750. how?? unless there’s a source of income for the coop, they are fudging their costs somehow. like using assessments to cover operating costs.
and i’d say the same if you came up with an apt in jx hgts with a psf maintenance significantly less than mine.
Southbrooklyn, is your square footage about the same as this apartment?
There are a handful of coops in Jackson Heights with two-bedroom apartments of about 1,000 to 1,200 sf that have very low maintenances in the $300 and $400 range. They are self managed walkups.
There are also other more luxurious buildings with elevators and gardens that have three and four bedroom apartments (very large) where the maintenance is in the $500s and $600s.