Co-op of the Day: 99 Berkeley Place, #3
Anyone looking at this three-bedroom co-op at 99 Berkeley Place will be predisposed to like it based solely on the beautiful facade. The interior of the apartment itself, while not eye-popping, has a nice prewar feel and an updated kitchen. All very nice. The question is whether someone will be willing to shell out $1,050,000…
Anyone looking at this three-bedroom co-op at 99 Berkeley Place will be predisposed to like it based solely on the beautiful facade. The interior of the apartment itself, while not eye-popping, has a nice prewar feel and an updated kitchen. All very nice. The question is whether someone will be willing to shell out $1,050,000 for a single floor of a townhouse. To be fair, it’s an extra-deep house, not your run-of-the-mill 45-footer. In addition, on a per-square-foot basis, the 1,400-square-foot pad only clocks in at $750, not an absurd amount for something with this many bedrooms in this part of the Slope.
99 Berkeley Place [Corcoran] GMAP P*Shark
Since 2000: Trust me as I walk this block multiple times a day…there are TONS of children on this block. Many look school aged to me.
According to Property Shark, the building’s dimensions are 20.83 ft by 85 ft, which totals 1,770 square feet. So it’s quite credible that the apartment itself could be 1,400 square feet.
I can’t find 1400 square feet in this apartment, even with generous mysterious inflation, I’m only getting around 1200. But I trust people are correct that a 3br in Park Slope is hard to find and this will sell.
> I’m just saying that while your default scenario is possible…
I don’t have a default scenario. Pardon my choice of the word “wrong.” Oy.
A few years ago, I knew 4 families on that block. All had preschoolers, and it was a great street for kids. None are there any more: one moved to the ‘burbs, another rented for a year in the PS 321 zone, then bought elsewhere in the North Slope, the other two moved permanently to the PS 321 zone. Kids approaching school age could be one reason for the quick sale.
Down sides: no central air conditioning, and despite the broker’s description, I don’t see the generous closet space. A large storage area in the basement helps, though.
This is a beautiful row of buildings, and nearly twice as deep as your standard brownstone. Sad that they’re starting with an asking price less than they paid, but there must be extenuating circumstances. Apartments with three full bedrooms are rare, so hopefully there will be a lot of interest. This building is at the end of that group of brick buildings, meaning that they get extra light from the side windows, which is nice.
Nothing wrong with a job transfer, necessarily.
The housing bust is out of their control, so not really sure how that’s wrong either…just the state of affairs.
For all we know, they had another baby, needed a bigger place and paid over ask for the brownstone on President Street.
But your mind goes right to what…they can’t afford it anymore? I’m just saying that while your default scenario is possible, it’s odd to jump to that conclusion every time. Which you usually do. Thus the name snark I suppose…
I’d also count a job transfer and likely sale at a loss as something going wrong.
Good to see you’re in fine fettle, 11217.