Co-op of the Day: 1719 Avenue H, #A3
This FSBO at 1710 Avenue H in Ditmas Park has a nice feel to it and feels like a decent value. The two-bedroom, two-bathroom apartment has 1,200 square feet, attractive prewar details and a reasonable maintenance of $1,160. Add to that a recently renovated kitchen and the asking price of $355,000 sounds pretty good to…
This FSBO at 1710 Avenue H in Ditmas Park has a nice feel to it and feels like a decent value. The two-bedroom, two-bathroom apartment has 1,200 square feet, attractive prewar details and a reasonable maintenance of $1,160. Add to that a recently renovated kitchen and the asking price of $355,000 sounds pretty good to us.
1719 Avenue H, #A3 [FSBO] GMAP P*Shark
Ditmas, that $250/month difference in maintenance is worth about $45K of 30-year mortgage. Plus, E17 off Cortelyou is way better than E17 off Ave H.
The apartment at 1818 Newkirk is much larger, practically a 3 bedroom and it has a balcony. And the maintenance is lower.
The 3BR place is at 645 E. 26th Street:
– http://streeteasy.com/nyc/sale/559961-coop-645-e-26th-street-flatbush-brooklyn
Jaguar, the [much larger] 3bdr comp also asks $30K less. Although, I have to admit, since I don’t know the exact location of that one, the difference could be the location too.
I’d be shocked to find $600 maintenance on an apartment this size. It would make me wonder if the cop-op had any reserve fund, or if they fixed everything via assessments.
Agree, maintenance should be $600 to $900, depending on whether there’s an underlying mortgage.
You’d have to pay considerably more for a similar apartment just one stop closer in at Newkirk Plaza:
http://streeteasy.com/nyc/sale/472312-coop-400-e17th-st-ditmas-park-brooklyn
http://streeteasy.com/nyc/sale/540185-coop-1818-newkirk-avenue-ditmas-park-brooklyn
maintenance is what it has to be. the coop is not making a profit. its what people have to pay in order to live there. Do you think once you buy a house or a coop you’re through paying housing costs? maintaining any building, especially an older building, in good shape is expensive. This is not a public housing project where the City foots the bill.
The price of the apartment is negotiable, the maintenance is not.
By DitmasSnark on May 5, 2011 2:47 PM
Saying this place is in Ditmas Park is a bit of a stretch, no?
But I guess I should be proud to live in one of the fastest expanding neighborhoods in Brooklyn. From Prospect Park South to Brighton Beach, all your blocks are belong to us!
…
Brownstoner meme of the Day:
I CAN HAZ DITMAS!
The maintenance for the 3BR comp is also too high.