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
2:00–they do crop up, plus you may get lucky. The one I bought in spring was listed at 300, had a price cut, and the seller accepted my offer under ask. I’m just saying, my budget was under 300K, I looked at a lot of studios, including the above, and there is NO way this is worth this price with all things considered. There are so many better options that to pay way too much money for a hovel.
where are the better comparable properties around?
i’ve been looking and whenever i see a studio pop up in park slope proper (not south slope) they are around 300-350K and then gone within a week…
any on the market now that are in the under 300K range in the north slope?
Hello Person Who Went To See This: Any closets or storage in this place?
This is really the hardest of sells. I’ve seen comparable shoebox (but actually bigger) apts in Tudor city that hover around $300K. It’s true that people will pay a premium to own, but this place is seriously a joke. How would you sell it when there are so many comparably better properties around? I paid only 10K more than this for a studio twice the size in prime north slope (8th ave).
http://www.vermeilcondominiums.com/
Some people would rather live in a tiny place that they own rather than rent for eternity.
You aren’t going to find cheaper in Park Slope. And this is the absolute best part of the Slope, in my opinion.
You’d pay 400K plus for this in the West Village, why not 250K in Park Slope?
I know, I know. It’s all ridiculous. But this is New York City. It ain’t cheap.
And it shows, 1:35, and it shows. Once again, pass!
From the person who’s seen it: back of the building, but no backyard access that I remember. It is a kitchen that used to belong to a floor-thru apt., that was partitioned off from the rest of the floor, broker confirmed this.
vermeil condos are not going, they are sitting!