Co-op of the Day: 150 Joralemon Street, #9A
The light and views are definitely sweet at this new co-op listing at 150 Joralemon in Brooklyn Heights. The living room feels a little skinny though, which makes us think this place would work a lot better as a huge one-bedroom. (Tear down that wall, Mr. Gorbachev!) And with an asking price of $475,000, that…
The light and views are definitely sweet at this new co-op listing at 150 Joralemon in Brooklyn Heights. The living room feels a little skinny though, which makes us think this place would work a lot better as a huge one-bedroom. (Tear down that wall, Mr. Gorbachev!) And with an asking price of $475,000, that might be a real option. Of course, as we’ve seen before with this building, the maintenance is painfully high. In this case, we’re talking $1,411 a month.
150 Joralemon Street [Brown Harris Stevens] GMAP P*Shark
Mckenzie — I really don’t get your problem? You seem angry for some reason.
Yah, Ditmas park with flowers. The Yukon with muggers.
go screw yourself you nincompoop.
McKenzie —
I live in a very nice co-op building off of Cortelyou Road in Ditmas Park… ya know, the area just south of the park with the Victorian houses and trees. There are two elevators and flowers in the lobby and plenty of on-street parking (if you don’t want to spring for the $100/mo underground parking). I live a 2 min walk from the Q-train (30 mins to Union Sq).
I think it’s REALLY funny that anyone would find this price acceptable. More money than sense. It has nothing to do with this “market” everyone uses as an excuse… dumb people CREATE this market. Lost all sense of any sort of reality.
Yeah, it’s 65% deductible… meaning there is a huge mortgage on the building. Meaning, the building and/or its original developers made dumb choices and it should FAIL at these price points…. If Connecticut Muffin on Montaguq Street started charging $27 for a cup of coffee, how long do you think they’d stay in business? Ya see, in a market with even a smidgen of rational thought, the “location premium” has limits!!
NOMI — I’m not making any sort of rent vs. buy argument. Anyway, I live in a co-op building. A woman owns my apartment. Obviously my rent covers BOTH the maintenance fees AND her mortgage…. and it’s less than this BH apartment’s monthly maintenance alone. And guess what, I have just as many “services.” We have a super and a porter… they sign for UPS and FedEx and even put the boxes outside our doors. $1400 /month with not much to show for it? Come on.
“I’m late to commenting… BUT I just wanted to say that my apartment is BIGGER, just as nice, oh, and my rent is less than the fucking monthly maintenance of this ridiculous place. My super lives here too.”
Then you should just rent forever. Why buy?
tyburg, you are such a nincompoop.
what prestigious neighborhood is your fabulous firetrap walkup located in?
Oh? Myrtle on the corner of YUKON?
My, that is sooo much cheaper than a co-op in Brooklyn Heights. You are EVER SO SMART.
I’m late to commenting… BUT I just wanted to say that my apartment is BIGGER, just as nice, oh, and my rent is less than the fucking monthly maintenance of this ridiculous place. My super lives here too. Since when is that a selling point for a large building? I thought that was required by law?
I also like how the window placement makes the ceilings look really really low.
Yeh, it’s not a bad deal for a cash rich purchaser. But you can’t call this a serious 2-bedroom. You gotta think of that 2nd room as an office or guest sleep-over area or nursery (with requisite gate).
If the maintenance here were $1100 a month, which is more or less average for 2-bath 2-bedroom unit, the apartment would probably be valued in the 800,000’s -that’s why its a deal especially if you can pay cash.
Currently there are 8 for sale and 1 in contract for 150 J; over the last 4-1/2 years, 45 sales (bldg has 89 units).
As I stated earlier, its a good transitional building for folks at a certain stage in their life.