Co-op of the Day: 488 3rd Street, #5A
This FSBO at 488 3rd Street is one of the cheaper one-bedrooms in the Central Slope that we’ve seen lately; in addition, the fact that the brownstone apartment is in quite good shape makes the $319,000 asking price all the more compelling. On the flipside, the place is only about 400 square feet, so it…
This FSBO at 488 3rd Street is one of the cheaper one-bedrooms in the Central Slope that we’ve seen lately; in addition, the fact that the brownstone apartment is in quite good shape makes the $319,000 asking price all the more compelling. On the flipside, the place is only about 400 square feet, so it doesn’t look like a bargain on a per-square-foot basis. Still, there’s not much attractive product out there at this price point so we suspect it’ll fare pretty well. (The fact that the same apartment on the third floor went for $320,000 at the end of last year suggests it’s in the right ballpark.)
488 3rd Street, #5A [FSBO] GMAP P*Shark
Not cheap. Hard to sell small apartments. It’s worth 200k, but some nut might pay more.
http://bit.ly/luo1iA
FTW
better yet, rent an apartmet like this in Manhattan, where it makes sense.
“attractive product?”
I hate when realtors say that.
this is an apartment to rent, not to buy.
It’s apartments like this that remind me why I moved.
I’d rather live like a human in Ditmas Park than a hamster in Park Slope.
this is a nice renov and layout for the size though. pretty prime Slope location too
on a psf perspective, this maintenance is much worst than BK Heights COTD yesterday. both of them are around the same maint psf (1.35 vs 1.38) but the BK Heights one is on a more prime street, possibly elevator bldg, and better mgt (ie despite the higher taxes, the 3c spread psf indicates better job with the Heights COTD).
damn. the deck on that comp is bigger than the apt itself!
I think it is pretty nice. The bath I am not too crazy about but it is fine. Agree, Delepp, maintenance is a little high. I wonder what taxes are. I tend to compare everything to my old building in BH, where we didn’t have much of a mortgage and we kept maintenance low and did assessments when anything serious came up. So it was LOW.