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
I’ve lived in a co-op for years and find nothing tedious nor invasive about it.
I find it a great experience to work with neighbors to better our living arrangements.
Sounds like you just aren’t cut out for it, 2:33.
You must turn a lot of people off cause we allow pied-a-terres in our building and as someone else mentioned…a lot of places in the Heights do as well.
Why would you assume my money is sitting in the bank at 4.75? huh? And I mention my all-cash situation because that’s actually considered a negative in purchasing a coop–everyone knows coop boards don’t like all-cash buyers. And for anyone who is really that naive and thinks coop board approval is not intrusive, please:
http://www.nytimes.com/2007/02/18/realestate/18home.html
“tedious and invasive”
neutral?
Actually 2:38, re-read your first post and then tell me who is the “bitter, nasty” person who takes a simple and well-known critique of co-op boards waaaayy too personally. You’ll notice my initial comment was completely neutral! What’s up?
I think they’ll be fine without you, 2:33.
Clearly your personality is not the right fit for a co-op. You are correct.
They usually prefer people who know how to get along with others. Not bitter, nasty people who talk about how much money they have and just sat through the largest run -up in home prices in history with a million plus bucks sitting in the bank at 4.75% interest.
Sounds like a bit of a false economy to me.
2:33… I own a pied-a-terre in a co-op on Montague St., and had no problem with the board process. There are more than a few buildings in the Heights that do allow pied-a-terre purchases.
You know 2:21 coop defender, let me tell you what the problem with coops is. I have the money, and I’m looking for a nice apartment just like this one, for my parents who are 65 and 67, so that they can live there when they are in town to visit me and the rest of their family. I could plunk down that $949K cash right now for this coop. I could plunk down more than that if there were a bidding war. However, this coop and most others do not allow the pied-a-terre. So I don’t bother. I’ll take a prewar condo, of which there are many, btw, over a prewar coop. Screw the boards and all those restrictions when I’m paying $1 million for my apartment.
Why so defensive 2:21?
Co-ops are what have essentially saved the New York City market from the housing crash that has affected the rest of the country.
Your comment on them shows your ignorance on the matter.
76% of homeowners in New York City live in co-ops, btw.
And most Condo owners I know are scrambling to set up boards to institute some regulations as they see their buildings being taken over by renters and college students.
But you don’t like them, clearly.
The only logical conclusion to that would be because you would not be accepted by one. It’s ok. Neither was Barbara Streisand.