Co-op of the Day: Another One at 24 Monroe Place
They’re cutting prices over at 24 Monroe Place like it’s some new sub-standard Fedders box in less tony nabe! First there was the four-bedroom that was cut early last week from $2,400,000 to $1,950,000. Then later in the week, the price on this two-bedroom was trimmed from $1,195,000 to $1,125,000. Like the four-bedroom, this one’s…
They’re cutting prices over at 24 Monroe Place like it’s some new sub-standard Fedders box in less tony nabe! First there was the four-bedroom that was cut early last week from $2,400,000 to $1,950,000. Then later in the week, the price on this two-bedroom was trimmed from $1,195,000 to $1,125,000. Like the four-bedroom, this one’s also a classic in great shape; like the four-bedroom, it’s weakness is probably the size of its kitchen. Overall, though, this is a great layout. This price can’t be off by much, can it?
24 Monroe Place [Corcoran] GMAP
There seems to be a door behind the counter on the left in the kitchen. What’s up with that?
1:39 — “From a comps perspective, this would be a decently cheap place.”
Certainly not Brooklyn Heights comps. This is way out of line unless you’re talking 1 or 2 buildings down by the promenade, where you pay a hefty premium for the view. Here you have “lovely street and tree views.” Big deal.
Speaking of the views, the listing says “Both the master bedroom and the living room face west….” This implies the front bedroom is the master, because the floorplan shows the rear bedroom facing a utility courtyard or backs of Clinton Street apartments. Yet the rear bedroom is the one with the connected bath, according to the floorplan, and is the actual master bedroom.
Also, who wants to traipse through the whole house just to get to the kitchen? You can look out your bedroom window at the kitchen, but to actually get there, have to walk through (1) hallway, (2) living room, (3) foyer, (4) dining room. Skip the gym, you’ll get a good workout every morning on your way to breakfast!
“Nice apartment but still too pricey. Can’t ask Manhattan prices in Brooklyn.”
Obviously you’re a little out of the loop.
One Brooklyn Bridge Park and On Prospect Park are two buildings that come to mind with Manhattan price tags.
Don’t undervalue Brooklyn. Lots of people, including myself would stay on this side of the river, even if I won the lottery.
I think it will sell. There aren’t a lot of places out there in decent school districts if you have 2 kids (so either a nice second bed/bath with a dining room OR a 3 bedroom place).
Trust me, I’ve looked.
I think this may be a pricing strategy issue. If they would have gone FSBO and priced at 995, they would have sold in a weekend, maybe with a bidding war, and ended up taking home more than they’ll end up with now (assuming they sell for slighly lower than asking).
Also, good option for manhattan families who have a kid entering school at St Anns or Packer.
Actually given it is one of the widest streets in BH, is convenient to all trains and is only 1 block long (minimal through traffic) – this just might be the best street in Brooklyn
Nice apartment but still too pricey. Can’t ask Manhattan prices in Brooklyn. The owner is pricing the 2 Bedroom the same as equivalent “Convertible 3’s” on the upper east side.
Granted, not the best street in bklyn, but it’s an elevator building, prewar w/ wbf, 2 full baths, 2 decent size bedrooms, and a separate dining room…for similar comps in brklyn, i’d think this is easily over $1mm.
From a comps perspective, this would be a decently cheap place.
I would wonder why ppl would NOT be interested given other properties out there.
that’s a pretty high cc for a no-doorman building in brooklyn. And yes, the kitchen is small. the huge fridge smack in the middle of it doesn’t help the workflow. Having cooked in galley kitchens for years, i find it’s best to have as much continuous counter space as possible. Still, the price doesn’t seem out of line, but idk what else is out there as comps.
point well taken, 1:21