Co-op of the Day: 759 President Street
At first glance, the asking price of $875,000 for this 1,000-square-foot co-op at 759 President Street might seem aggressive. Sure it’s a nice two-bedroom pad with a fair open plan and (other than the island counter) a nicely renovated kitchen, but $875 a foot? No way. But that would omit the value of the 1,000-square-foot…
At first glance, the asking price of $875,000 for this 1,000-square-foot co-op at 759 President Street might seem aggressive. Sure it’s a nice two-bedroom pad with a fair open plan and (other than the island counter) a nicely renovated kitchen, but $875 a foot? No way. But that would omit the value of the 1,000-square-foot private roof deck with harbor and Manhattan views. What’s that worth? Good question.
759 President Street [Fillmore] GMAP P*Shark
1,000 sq. feet of private roof deck space? Oh yeah, that’s worth something…you could make a great space up there, with furniture, trees, shade, etc.
Apartments I looked at in that building always left me a bit cold, though. They were on lower floors – bet this is nicer, being higher up.
It is a unique building – formerly Samaritan Hospital, and prior to that Skene’s Sanitarium (over 100 years ago). Which would explain the oddly institutional feel of the building (for an old apartment building). Named for Dr. Alexander Skene, who described the female paraurethral glands, which came to be known as Skene’s glands (think G-spot/female ejaculation.)
I think the building is the same old hospital one – I read about it somewhere once, can’t remember where – which would explain the uninspiring feel of the place. I could be inspired by 1,000 feet of nice roofdeck, though, were I in the market for a place, and had I money to burn on a fancy roofdeck plan.
Supposedly outdoor space gets valued at 1/4 – 1/2 the psf of the interior space. But, that was in a discussion regarding Manhattan properties, and may not apply to Brooklyn apartments.
lesloaf, it’s one of those sentences that make me go “hmmm! triple-check the details with my lawyer first.”
super over-priced given the very un-park slope like maintenance.
But it’s in “one of the most unique” pre-war buildings!
Did somebody say “cheap and predictable”?
Oh that was cheap and predictable. Shame on me.
Yes, curves in a kitchen, haven’t met one I’ve liked yet. I guess it’s always possible, but .. ..
In women on the other hand . .. .
That’s a tiny apartment. Will be interesting to see if the roof deck helps it sell. At least two other, larger, apartments in the same building did not sell over the past year (I know because I’ve been looking). One was a duplex on the ground floor, the other two one-bedrooms that were being marketed together on the top floor. Wonder what will happen with this one.