Co-op of the Day: 915 President Street
This one-bedroom a block from Prospect Park will undoubtably hold some appeal for those partial to the old-school brownstone aesthetic. The co-op at 915 President Street in Park Slope has some lovely parquet floors and a nice old fireplace to anchor the living room. On the downside, the bedroom is tiny and the bathroom and…
This one-bedroom a block from Prospect Park will undoubtably hold some appeal for those partial to the old-school brownstone aesthetic. The co-op at 915 President Street in Park Slope has some lovely parquet floors and a nice old fireplace to anchor the living room. On the downside, the bedroom is tiny and the bathroom and kitchen appear not to have been touched since some time in the 1980s. The asking price of $400,000 is also $50,000 higher than any unit in the 12-unit building has ever sold for. That said, it appears to be on a high floor with nice light, so maybe it does deserve premium. Anyone in the market for a one-bedroom in this area care to weigh in?
915 President Street [Douglas Elliman] GMAP P*Shark
here’s a good comp for this place…
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1110953
this is right around 500 square feet, 479K, on garfield place, with a much higher maint of 850 a month.
1000 psf is right on target from what i can tell.
For smaller spaces (and even some large ones) in the Northern section of Park Slope…in the named Streets from 6th avenue to Prospect Park West has seen many sales in the 1000/sf pricepoint.
Especially for studios and 1 bedrooms. There is a certain demographic of first time buyers who can only afford 400K and under, thus making these apartments in extremely high demand. If you look at real estate listings, very little of anything comes up under 300K, and not a ton under 400K. Even though a studio might be 300 sf, in a prime area of Park Slope it might sell for 300K or even 350K if it’s fully renovated and special. Some people on a modest budget are willing to pay a premium to enter the market, even though their budget might be small on the grand scheme of NYC housing prices.
Not much to be had out there for 400K folks. Some would still rather buy than rent though if they plan to be here long term. After tax deductions, this place ends up being 2000 or so a month. That’s the going rate for a small 1 bedroom on President Street in Park Slope.
Clinton Hill @ 1000/sf?
Thanks for the chuckle!
“So is $1000/sq ft the going rate in Park Slope?”
In a word, No.
No, that is realy more Clinton Hill which is better.
So is $1000/sq ft the going rate in Park Slope?
I think the person with the 2 Williamsburg examples was joking…
i have no idea how you can compare a toll bros piece of shit to a lovely 1 bedroom in the best part of park slope.
most people looking in ps don’t give two shits about williamsburg. i sure don’t.
it’s not my bag at all.
for those looking for a quality pre-war apartment, this is the going rate.
sorry, 6:03. it’s like saying you can get a ryland homes mcmansion in little rock for 500K. apples and oranges, bud.
jesus I would buy this park slope place way before I shelled out for those rank williamsburg places.