Co-op of the Day: FSBO at 488 Third Street
The interior of this ground-floor one-bedroom apartment at 488 3rd Street has an almost 1970s vibe going on but it’s hard to be too picky when you’re getting a place with outdoor space on a prime block of Park Slope for $499,000. The layout’s not bad at all and we suspect that $25,000 would go…
The interior of this ground-floor one-bedroom apartment at 488 3rd Street has an almost 1970s vibe going on but it’s hard to be too picky when you’re getting a place with outdoor space on a prime block of Park Slope for $499,000. The layout’s not bad at all and we suspect that $25,000 would go a long way in sprucing the interior up. (The building is zoned for PS 321 but this ain’t exactly a family-sized apartment.) This listing raises the question of what a yard is worth in this area. Is it $100,000? $200,000? $300,000? If it’s the latter, then the apartment itself may be only asking $199,00. What do you think? What price garden space?
488 Third Street, #1B [Square Space] GMAP P*Shark
“You do realize that studios at the new Trump building in Manhattan are starting at 1.2 million?”
Yes, and Faberge eggs are rather pricey too. And just as valid a comparison.
3M in Tokyo if it was 1989.
They are selling (and getting, I might add) studios at One Brooklyn Bridge Park for 550K.
This is a far superior location, in my opinion.
For someone who wants to be in a brownstone, this is definitely a great option.
You do realize that studios at the new Trump building in Manhattan are starting at 1.2 million?
Yes, the market is cooling a bit, but this is still New York City in 2007, people.
This would be 750K in London or Tokyo.
Hey 2:04 – 1:00 here. I found my place in south slope pounding the pavement in the dead of winter on the coldest of days…
Place is on 16th street in a renovated townhouse condo conversion. Got lucky with a low-ball offer that was rejected and later accepted after another bidder fell through.
The large backyard is huge +++++ But I wouldnt pay $500K for a closet with a garden even it was in midtown.
500 square foot place * $750/square foot = $375,000
Maybe the $750 price is low for that block, but just pretend.
The garden looks to be around the same size as the apt, so say a 500 sqft garden. Then either it’s worth $250 a square foot, or it’s a 33% premium on the apt price. I would think the latter. It doesn’t seem bad to me. Floorthrough apts with decks or gardens are going in the 650K-700K range in the same neighborhood.
The South Slope comparisons aren’t really comps. South Slope is a different neighborhood (it just shares the word slope)
South Slope is a great place. We’re looking to move there too. But comparing the price per square foot between the two is like comparing any other two neighborhoods that are adjacent, but not the same.
Is my brownstone with a garden worth 1000 a sq. ft? If it is please call me I will sell it to you.
how DO you price outdoor space?
Hey 1:00 –
Your new apartment is exactly what I’m looking for. Where’d you find it?
my apartment is smaller and it contains 2 people and 2 cats. and no garden.
zing