Co-op of the Day: 416 Ocean Avenue, #40
This one-bedroom at 416 Ocean Avenue looks like a nice starter apartment. First off, the prewar building itself has a beautiful exterior and lobby. The unit itself while relatively modestly outfitted has nice bones and a decent size. On top of that, with an asking price of $270,000 and monthly maintenance of just $435, the…
This one-bedroom at 416 Ocean Avenue looks like a nice starter apartment. First off, the prewar building itself has a beautiful exterior and lobby. The unit itself while relatively modestly outfitted has nice bones and a decent size. On top of that, with an asking price of $270,000 and monthly maintenance of just $435, the pretax nut to own this place should come in at well under $2,000. Throw in the proximity to the park and the B and Q trains and it sounds like a decent package to us.
416 Ocean Avenue, #40 [Corcoran] GMAP P*Shark
I’ve noticed an emerging use of the word entitlement to describe a form of grandiosity rooted in over-education and under-earning. This state results in clever turns-of-phrase assembled with the help of seemingly endless leisure time to comment on asinine blog threads.
The term “starter home” might be apt in the ‘burbs and in smaller towns, but it makes no sense whatsoever for big city apartments. We live in a town where the same (pricey) price can buy seemingly endless variations of housing stock with radically different neighborhood amenities and flavors of people. For all but the richest, this means making compromises. And maybe even taking a chance on the unknown.
I’ve always admired this building. With deference to this thread, I’ll add that I’ve often remarked to Mrs. FlatBed that it reminds me of the Upper East Side’s Park Avenue. And yes, Caton is loud. And no it hasn’t a burgeoning restaurant scene or trendy cache. BUT, it’s a couple blocks from the best side of the world’s greatest urban park. It’s very near two halfway decent public schools. There’s a new bourgeois supermarket nearby (DNM on Church and E. 17th). A great trainline (Q/B) is right there. And least of all, this is friggin’ Flatbush, the most untrendy and therefore to contra-hipsters the trendiest neighborhood this side of Gravesend.
In other words, if you feel “entitled” to a nice apartment but don’t have the dough for other Brooklyn neighborhoods, you could do a lot worse.
What does entitlement have to do with starter apartments or whether or not someone can or can’t afford something larger. Yes, if you think you deserve this place or something more grandiose yet you don’t have the means to pay for it, that’s entitlement.
Discussions by people who may have larger places (the people randi was referring to) on whether or not this is “just” a starter have noting to do with entitlement.
Can someone paint me a picture of the average buyer for a place like this? I’m mid-20s, decent job out of college, etc., but not such that I could imagine saving up a ~$60k down payment for another 5-7 years. At that point, most of my peers are settling down, thinking about kids, and it seems silly to be looking at purchasing a one-bedroom apartment at that point. My friends who got into higher-paying fields than me generally wouldn’t be caught dead buying a place in Flatbush. I guess I’m just not sure who buys apartments like these. Of course I am a white gentrifier and run in white gentrifying circles and it may be that there are plenty of other people looking to buy this apartment.
DIBS – merriam Webster defines the word as “belief that one is deserving of or entitled to certain privileges.” Seems like she got it just about right.
“Starter” apartment is indeed obnoxious and in a word, vulgar real-estate-speak. Nothing to do with political correctness.
Since she brought it up in the OT, I’m going to revisit randi’s comment about “starter apartment.”
It’s a term used frequently with respect to real estate, no more no less. Why does everything have to be run through a political correctness screan nowadays? Enough is enough.
Your comment about entitlement is out of context. Look up the word.
I actually currently have places in both the UES and Flatbush, ha ha. Long story.
This building, aka “The Bracebridge” happens to top my personal list of preferred apartment buildings on the southeast side of the park. As you can see, the common area interior details are gorgeous, but the well-maintained, refined exterior details are also no joke. Back in the day, 416 Ocean used to be THE apartment building to get into in this section of Ocean Ave. Even through subsequent periods of inner city white flight and nabe deterioration, it has maintained its reputation as a desirable address among the African American middle class. Today, with the nabe in rapid flux all over again, everything is now up for grabs. Here’s a previous, lengthier Brownstoner thread about it:
http://bstoner.wpengine.com/brownstoner/archives/2009/07/coop_of_the_day_261.php
whoa. no, ive been to there 11217 many times. so i guess i have been. i’ve never been there for anything fun i guess.
and dave lol
Live in the same building as Robin Byrd?
i remember her!!! she was that 80s public access porn slut, right?
*rob*