Co-op of the Day: 115 Willow Street, #6D
This attractive two-bedroom at 115 Willow Street was just reduced from $675,000 to $635,000. It’s in a very nice prewar building and has plenty of prewar details. Since the price isn’t particularly high for the Brooklyn Heights location, we’re assuming that the small kitchen and/or the lack of a second bathroom must be holding it…
This attractive two-bedroom at 115 Willow Street was just reduced from $675,000 to $635,000. It’s in a very nice prewar building and has plenty of prewar details. Since the price isn’t particularly high for the Brooklyn Heights location, we’re assuming that the small kitchen and/or the lack of a second bathroom must be holding it back.
115 Willow Street, #6D [Brown Harris Stevens] GMAP P*Shark
I used to live in this building, sold in ’05. It’s great, was very well managed and absolutely beautiful (except the way they decorated the hallways–really ugly wallpaper borders). And I think it’s one of the very few, if only, 24-hour doorman buildings in the Heights. I miss it still, so I caress my interest income to feel better.
NorthHeights: I remember that column! An interesting story.
tybur6, at those income levels, price is just not that big of a concern – ie when pay 1.25 for a bottle water, do you stop to think why am I buying this when I could bet this for 25c when I buy a 6, 12, 24 pack from the super market; same point here, the price diff is just not that big of a concern
“I mean, this apartment is really not all that special other than the location.”
Hello, real estate valuation!
Your statement describes 99% of the apartments located on the fair isle to our northwest.
Haven’t you heard that old saw, “Location, Location, Location”?
I’m reminded of one of the last language columns from William Safire on this topic.
http://bk.ly/stA
m4l — but that’s the thing. If you make, say, $400k… I would expect A LOT more than what I could afford in the current Brooklyn Heights market. Just silly.
But like I said originally, I’m pretty bored with BH.
I do appreciate the water argument, though.
quote:
“The worst thing in the world is to be old, gay and poor.”
🙁
*rob*
tybur6, I wouldn’t be surprised at all that many recent buyers in this hood are making at least 200k per head (400k per couple) and the upper bound being in the millions. in that context, this ASK is kind of like “peanuts”
Boerum — I’m not trying to mock you (in particular), I truly don’t understand how the “Brooklyn Heights Premium” has become so out of whack.
Manhattanite — That makes a lot of sense. I get it. And I’m happy that you admit it’s an addiction. 🙂
It still makes me wonder why the BUYER side of the market has allowed the differential to get out of control. I would say that about ALL prices in NYC… but the irrationality of the whole this becomes very apparent when you see the differential pricing for Neighborhood X vs. Neighborhood Y.
Speaking as someone who is paying the premium to live in BH, I will explain. It’s about living on the edge of the sea, and the views — of the harbor and bridges. Manhattan is simply a foil for the view of the water between. When I lived in Manhattan I lived on the waterfront. Everywhere else I have lived I have found the water’s edge to cling to. Some people prefer being on a park. Others gravitate to water. It is an expensive addiction, but what can I say? If we didn’t live in BH, it would be Red Hook, except the transportation is a problem. It has nothing to do with age, except that age correlates roughly with net worth and foolishness.