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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


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  1. UES

    Payard patisserie
    Eli’s
    Citarella
    Countless small specialty cheese and fresh fish shops
    A couple hundred decent bars
    A few thousand restaurants

    Flatbush

    A lotta nothin

  2. Yeah, I despise the UES as well but NYC is an international city and the UES has a cachet that Flatbush, Brooklyn does not so from a value perspective I think the UES is a better deal..or maybe everyone is catching on that it is awful and moving to Brooklyn. Hm, maybe that explains all the frat-boy finance types in my neighborhood. Come to think of it, is Cobble Hill really that different today from the UES 15 years ago?

  3. “The primary drawback: You have to live on the UES. You couldn’t pay me to live up there. ”

    yup – the only place in NYC I’ve lived (and I’ve gotten around) that I truly despised.

    those DP places look nice – need to spend more time down there for sure.

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