Co-op of the Day: 69 Pierrepont Street FSBO
Undeterred by the tougher market, one seller in Brooklyn Heights has chosen to go the For Sale By Owner route. Of course, it helps when you’ve got a sweet pad to work with, which is the case with this two-bedroom in the beautiful 40-unit co-op building at 69 Pierrepont Street in Brooklyn Heights. We’re liking…
Undeterred by the tougher market, one seller in Brooklyn Heights has chosen to go the For Sale By Owner route. Of course, it helps when you’ve got a sweet pad to work with, which is the case with this two-bedroom in the beautiful 40-unit co-op building at 69 Pierrepont Street in Brooklyn Heights. We’re liking what we’re seeing—open living area, nice prewar details, nice light. Given that the apartment measures in at 1,200 square feet, the asking price of $949,000 doesn’t seem crazy on a psf basis. The most recent apartment in the building to change hands went for $875,000 but that could have been a smaller or less attractive unit for all we know. How does this price sound to you? In case the NYT listing expires, the owner can be reached at Pierrepont2BR AT gmail DOT com.
69 Pierrepont 2 BR FSBO [NY Times] GMAP P*Shark
Gee, it seems you are unaware of the large amount of PRE-WAR condo conversions that are already out there, and the ones that are just now being converted.
People are buying condos because those are what’s being built now and many people who are new buyers don’t have enough saved to be approved by co-ops.
This will change in 10 years when all these new pieces of crap are filled with renters and students.
It’s the old money vs. new money.
Difference is that the old money (and I don’t mean old, age-wise) are the people who think more about their future, like things of quality and don’t just spend their bucks willy nilly on glass boxes that are going to fall over in the next hurricane.
Nothing wrong with wanting a building with people who actually live there.
Otherwise, maybe you might want to try Miami or Vegas?
“But yes, we do want full-time residents.”
This is why people are going the condo route. Freedom, privacy, etc.
3:44 — location?
1.25 million.
I’d say 1.5 but the maintenance is awfully high.
OK. Asking your advice. I have a 1,500 sq foot 2 bd/2-1/2 bath (remodeled). Split bedrooms, master with 2 large walk-in closets, eat-in kitchen (granite counters/maple cabinets), den (could be easily converted to legal and large(10×12) third bedroom. High ceilings, high floor central location. maintenace is $2.1K — what do you think it is worth? I keep looking at these and they are so much smaller and not as nice as mine. I have no idea…
Living in the slope, I often looked in the heights when moving (both to rent and to buy), but I always stayed in the slope because I find the combination of narrower streets/taller buildings in the heights makes the streets feel darker and more closed-in. (of course, if you can afford the river view, that wouldn’t really matter as much.)
In addition to the slope’s advantages mentioned by 3:29, it isn’t really clear that the finished park in the heights is actually going to be much of a park when done – the news coverage on it indicates that it may be more commercial space (hotels, condos, other commercial use) than park.
The only thing BH has over Park Slope is a closer commute to Manhattan by about 10 minutes.
In terms of schools, restaurants, bars, park (Brooklyn Bridge Park if it ever gets built will be done in 10 years), housing stock and community spirit…Park Slope wins hands down.
If you work on Wall Street and don’t like to eat or drink out in your own neighborhood, BH is definitely the better option for you, though.
Lovely apartment though. Will sell fast.