Co-op of the Day: 19 Seventh Avenue Studio
Okay, we know you’re not going to find anything else for much cheaper in Park Slope Proper, but still, paying $249,000 for this glorified shoe box in an otherwise generously-sized brownstone at 19 Seventh Avenue seems like a bit of a stretch to us. The listing spins the place as “cozy” and plays up the…
Okay, we know you’re not going to find anything else for much cheaper in Park Slope Proper, but still, paying $249,000 for this glorified shoe box in an otherwise generously-sized brownstone at 19 Seventh Avenue seems like a bit of a stretch to us. The listing spins the place as “cozy” and plays up the “modern” kitchen but, eesh, after you put down $50,000, you’ll be paying, what, $1,200 a month in mortgage plus another few hundred bucks in maintenance? We can’t see a whole lot of upside when it comes to resale (and can easily imagine a scenario in which you can’t even get your down payment back out) so why not just rent?
19 Seventh Avenue, #BR [Douglas Elliman] GMAP P*Shark
Photo by Kate Leonova for PropertyShark
Now that sounds like a terrific idea 11:14AM…
if I had the cash I would put in an offer of 170k and see what happens.
The building has been a legal 8 family since 1964. Based on sprinkler filings it may have been subdivided as early as 1919. I agree that the rear apartment is too small for a primary residence but it has a great tin ceiling and a working fireplace with attractive mantle. I know that the front apartment will go up for sale soon. The two would have a total of about 750 sf. Can’t beat the location.
But it’s not a “small apartment” or a “crash pad.” It. is. a. basement. kitchen. That someone greedily split off from another small basement apartment. The idea of recombining to me is ludicrous. If you spent all the money to give the basement kitchen (aka the apt in question) back to the small front studio, you’d have an apartment you could sell for what? Optimistically 400K? Where’s the financial sense in that? Why do you think this ham-handed exercise to split off the kitchen was attempted recently? Not because the basement floor-thru apartment was worth a lot as it was.
Cute studio on Snyder Avenue, very reasonably priced, but the location can’t compare with the location of the featured studio in the beautiful brownstone, located around the corner from the park, farmer’s market, library, and all the goodies on 5th and 7th, lovely walk to all areas of the slope, not to mention easy commute to manhattan.
There’s also the possibility, as another poster mentioned, that in the future the front unit in the brownstone coulod become available, and the two units could be joined creating quite a lovely space.
nice 8:27 but a little too far to compare to slope prices. have something within 1 mile of the park slope listing…i am positive there are larger and better out there that are closer…
how about this.
http://www.elliman.com/Listings.aspx?ListingID=895695&rentalperiod=&SearchType=apartments&Region=NYC
i would live in a space this small for $100,000 max.
even if it was in fuckin Windsor Castle.
LOL…sometimes you people just crack me up! seen it, it’s about the size of your bathroom. If someone has a quarter of a million to throw away then knock yourself out. there are bigger and better in this area and you can spend the same amount…especially in this current market.