Co-op of the Day: 47 Plaza Street West, #11B
This new listing at 47 Plaza Street West isn’t quite as huge or swanky as its 11th-floor neighbor (which appears to have sold very recently) but the two-bedroom, two-bath co-op is impressive nonetheless. The apartment has all the prewar touches that you’d expect from a Candela building. Probably the only nit we can come up…
This new listing at 47 Plaza Street West isn’t quite as huge or swanky as its 11th-floor neighbor (which appears to have sold very recently) but the two-bedroom, two-bath co-op is impressive nonetheless. The apartment has all the prewar touches that you’d expect from a Candela building. Probably the only nit we can come up with is that the second bedroom is on the small side (though you could close off the dining room and solve that problem). At $1,768, the maintenance isn’t low, but then again it’s a full-service building. The asking price is an even $1,000,000. Think it’ll fly? (Note: We’re removing the Pricing Widget until we can get a more sophisticated version built with predictive measures other than the average price, which 99 out of a 100 times dramatically understates the ultimate sales price.)
47 Plaza Street West [Corcoran] GMAP P*Shark
that’s a really odd layout. 2nd bedroom in between kitchen/living/bath? seems preposterous to ask 1mil for something so badly laid out with such high maintenance. if my budget was 1mm, i would certainly not go for something like this.
the interior offer no period details except for the beamed ceilings. most modern construction comes with the exactly same vaulted ceiling, so this is really no added value to this unit. views seem to be great though.
the “white glove service” offers nothing that a person that can move about by themselves cannot achieve (newspaper to my door? seriously? how about taking the elevator down to the lobby and picking it up by yourself- that should knock out 500k from the common charges. and trash pick up? so there is no trash shoot- meaning my kitchen stank sits outside my door smelling the service hallway?).
now imagine u have a guest staying over, they are sleeping in the “2nd bedroom” and need to go #2 in the bathroom next door. you will not only see your cousing walk around in his boxers rushing through the “dining room” for the toilet, but will also have to put up with the aftermath stank of this dirty job.
a listing that spends 1/3 of it’s space describing the apartments proximity to trains, park, library, farmer market- is obviously trying to throw in as much fluff as possible to increase the appeal and justify an absurd asking price.
im not in a good mood today, this listing pissed me off. and those light fixtures…dont get me started…
Wow, 11217, you’re a bitch.
Beautiful place, but no pictures of the kitchen and bathroom is scary.
Also, if you convert the dining room into a bedroom, you wind up with both bathrooms being en suite–not ideal when entertaining. Plus, then you lose your dining room. But, you could always convert the current second bedroom into a walk-in closet.
Nice place for someone who can afford it and the necessary renovations, I guess.
“that is comparable to maintenance at the St George towers.”
Actually it’s not really Minard. And there are currently 11 units for sale at St. George…one here at 47 Plaza Street.
The most comparable is a 1347 sf 2 bedroom listed at St. George with maintenance of $2,354. That’s nearly $600 cheaper per month maintenance than this place.
And most of those St. George units have been sitting on the market FOREVER like the one I just referenced which has been for sale for 170 days.
True, 11217, quite true – our estimates on property value are meaningless. The few times I input a number into the widget, it was always what I thought it would sell for. I think that should be the widget purpose, and I’d love to see the estimates recorded such that when the property does sell, Mr. B can tell us who guessed the closest. At year’s end, we can see who really is the best at pricing per neighborhood and overall. It could settle a lot of the “you don’t now anything about real estate in xyz nabe” arguments.
I always thought it was about what the property would sell for as well.
asking price seems high for that maintenance.
that is comparable to maintenance at the St George towers.
It is a lovely building though.
Snappy,
I always thought it was about what the property would sell for. Brownstoner readers (as we’ve found out) really don’t know what they’re talking about for the most part so who really cares what they/we think about what it’s worth. We aren’t real estate appraisers….
The only number that really matters here is what it sells for. For god’s sake….people like Ty and Rob think that houses in Brooklyn Heights should sell for about 250k apparently.
So Mr. B, are you saying that the purpose of the old widget was to input what one thought the property would actually sell for? Why not introduce two widgets per property – one for the estimated sales price guess and one for the estimated value of the property? (The two are not always the same in most people’s minds.)