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
buying a dump like this is like kicking your own balls out your mouth–for A QUARTER MILLION DOLLARS!!!!!!
i suppose it could, 10:09.
i’d venture to say with a comment like that, that if that’s all it takes, you’d probably be stark raving mad in a 3000 sf mansion as well.
certainly you’d know something like that about yourself before you began to embark on purchasing a new york city studio.
lots of us raised to have attention spans and lives outside the television set are able to live quite happy and full lives without 4 bedrooms and 2 and a half baths, believe it or not.
“It can be a really great creative experience to make a comfortable small home.”
It can also be a chance to go stark-raving bonkers as you sit in your one tiny room, shades drawn so people aren’t peeping in your street-level windows, rocking back and forth muttering “Why why why did I drop a quarter of a million dollars on this place?”
or a place for their mistress now that the per hour “hotel” on lincoln recently went condo.
mebbe good for someone who just needs a place to crash fot a couple of times a month
There are entire shows and books now dedicated to living in small spaces.
It can be a really great creative experience to make a comfortable small home.
There is a very cute store called TINY in the east village that carries nothing but cool gadgets and accessories for small spaces.
And it’s green and eco friendly.
If you’ve ever lived in parts of Europe, you probably already have a lot of great ideas about these smaller apartments.
studios in the area are NOT going for $2000.
you can get a huge 1 bed around here for 2000. I looked at several places this summer that were well over 600 sf that were around 2000
It’s a smart move for someone looking to own and live in a great neighborhood… yes it’s small, but small works for lots of folks… not everybody needs to live in a McMansion to feel validated.
I have seen some really creative things done with small studios…
It is cheap for the location.
It’s small, but if you don’t mind a small space (i love it actually) you won’t find too much around for that price.
I’ve been watching also, and two studios within a block or two of this place have recently sold closer to 350K. They were a little bigger, but not much, I don’t think.
Everyone says this is overpriced, but studios in Manhattan are nearing the 500K mark for something small and shabby. It’s only a matter of time before Park Slope gets that way also, so I don’t think you’ll have a hard time recouping the cost 5 years down the road.
It seems like a cute starter place, and as far as Park Slope goes, the location doesn’t get any better.
It costs near 2000 to rent a studio in this area, so this is definitely a good deal compared to those standards, especially when you factor in the tax deductions.