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
mopar — those apartments in jackson hgts with low maintenance are NOT 4 bedroom pads! my building is self-managed, no mortgage, a coop from the time it was constructed in 1927. we are extremely cost conscious. and i pay about the same maintenance on my modest two bedroom as is being quoted for this four bedroom.
something doesn’t add up.
How did I know as soon as I looked that this was overpriced by Brown Harris Stevens?
Yes, Pete, I know you think that I think everything is overpriced. But when I’m looking at infinitely nicer $1.2mm apartments, with outdoor space, and no BS about pets “on approval”, that are not walk-ups in doorman-less buildings, YES, I THINK THIS IS EFFING OVERPRICED!!!!!
We can always depend on Minard for a reality check. There are so many who have no idea what it takes to runa buiding.
However, I do not see how that building can have an abatement that allows such low RE taxes. Capital improvements only impact the tax base a little… and for that size apartment in a coop, the taxes should be at least $500/month.
And if the building went from tenement to coop 40 years ago, the building taxes could be as little as $1,000/year per unit, or about $80/month.
My coop is 30 years old and our taxes our 35K a year for 12 units, and we’re in the ghetto of clinton hill!
maly — what commercial space?
there is more to services than a doorman. Nice buildings (with million-dollar-plus apartments) have live-in superintendents who is on call 24 hrs a day and can fix things large and small AND can supervise plumbers and others who work on the building. They have porters who are the people who bag and store the garbage until it is time to put it on the curb and the people who sweep, shovel and hose down the sidewalk and sweep and mop the public hallways and stairs. As well as the ones that can help carry packages, ill pets, baby carriages, etc etc. Buildings that do not have the public halls mopped with soap and water every week tend to have that rancid tenement smell. Services are not just doormen, those are a true luxury.
Bolder, I hear you. 1.5 bath in my crown heights place too. with that many rooms, sq ft, etc. one can easily convert to 2 full bath is needed (vs. current 2 bath units are good with bath count but way short on sq ft)
babs, that “cash for any major needs” comes in under 20k. pay for insurance and water and heat and exterminator and trash cans and you’re there. if you have to replace a boiler or that cornice or the roof or windows you’re way past there. hey, i’m only saying this bcs I’m jealous.
I wonder if you can kill that tiny BR and turn it into a full second bath, because 1.5 baths is just a nonstarter.