Co-op of the Day: 135 Eastern Parkway, #10I
[nggallery id=”53926″ template=galleryview] Not surprisingly, we’re digging this new listing at 135 Eastern Parkway aka Turner Towers. The three-bedroom co-op is on a high floor with great light and has been recently renovated. In particular, the bathroom and eat-in kitchen were done over very tastefully in our view. Like all the apartments in this building,…
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Not surprisingly, we’re digging this new listing at 135 Eastern Parkway aka Turner Towers. The three-bedroom co-op is on a high floor with great light and has been recently renovated. In particular, the bathroom and eat-in kitchen were done over very tastefully in our view. Like all the apartments in this building, ceilings are high and the floors and beamed ceilings radiate old-school goodness. The asking price on this particular unit is $1,100,000. Think they’ll get it?
135 Eastern Parkway, #101 [Brown Harris Stevens] GMAP P*Shark
Another factoid I uncovered: the building was put up by Turner Brothers Construction Co. (hence the name) and was finished just before the crash of 1929 – supposedly one of the Turner brothers committed suicide by jumping off the roof here.
So the NY Times says this is one of Brooklyn’s top buildings, right up there with 1 Pierrepont St. and 35 PPW (as well as Copley Plaza closer to GAP). Gotta say I don’t get it – not that TT isn’t a nice building, it’s just got a different past form the others, and I really doubt many of its long-term shareholders would want to be in that group.
This is a true tenant-driven co-op: the building’s landlord defaulted on his mortgage in 1978 and shareholders, many of them rent-controlled and stabilized, pooled their money and bought him out. A lot of that true co-operative spirit lingers on (which can make getting board approval difficult if the would-be buyer doesn’t seem to share those values), as does a 25% flip tax, which makes banks also require a larger-than-normal down payment in many cases.
Copley Plaza also started out as a rental building, but 1 Pierrepont and 35 PPW were built as co-ops, and were expensive from the get-go.
Samhood- I ought to read the web sites I post :-).
It looks as if what you are referring to may be the subway renovation of 2003, when EP/BM access was indeed interrupted:
http://www.subwaynut.com/irt/eastern_bklyn_museumn2/renovation_brochure.pdf
quote: the 2/3 would be rerouted and skip the Eastern Pkway stop like every weekend and the walk to the B/Q was a pain
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I’d check into this (not saying it isn’t so). It seems it would be counter-productive for the City to spend $65 million on the new glass entrance, then limit weekend subway access to the Brooklyn Museum/Eastern Pkwy stop- a time when many people would frequent the BM.
Informative site re the Brooklyn Museum/Eastern Pkwy stop:
http://www.subwaynut.com/irt/eastern_bklyn_museumn2/index.php
You can see the Brooklyn Museum from one bedroom and from the den. Yes, the den, which exists in addition to the three bedrooms, the massive living room/dining room, and the kitchen that is large enough to have a dining room table that could seat six.
Location is great, renovations are all top of the line, and it’s enormous, which at the end of the day is the most important thing. In the Richard Meier building down the street you’d pay twice as much for the floorspace and not have as much.
Agree, West Indian parade is only one day, deal with it (though it is insane – we stupidly took the 2/3 line that day passing through and when we hit East Pkway the train became dangerously wild, I could only imagine what went on upsatirs…). As to the area, yes E Pkway is very pretty over there, but dont think that being across from the museum/gardens is a major benefit. My cousin moved to E Pkway, right off washington, and she though it would be great to be by the museum/gardens, and right by the 2/3 train. she regretted the decision within a couple months. She rarely used the museum/gardens (like most I presume), the 2/3 would be rerouted and skip the Eastern Pkway stop like every weekend and the walk to the B/Q was a pain, and the life amenities (grocery store, cleaners etc) nearby were terrible and overpriced – she had to do her shopping after work in manhattan or on weekends in P slope.
The West Indian Parade is a non-factor. That’s half a day per year. If that puts you off buying a house there, you’re a moron.
This part of Eastern Parkway is very nice and will be even nicer over the next few years with improvements planned. There are supermarkets etc. on Washington and some nice bars. Also Vanderbilt and Park Slope are short walks. If you think this area is just the museum/botanical gardens, again, you’re a moron, and you should venture beyond 5th ave occasionally.
The subway is literally outside this building. This apartment is not on a low floor, its on the 10th floor. These apartments are huge.
Taking a another look at the enlarged photos, a corner of the Museum is visible through the first bedroom window. Notice the left window in photo; and a top corner of the Museum with statues.
does the coop cover 25% of any net losses???
pass.