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
“400K for a 1 bedroom for someone coming from Manhattan is ridiculously cheap.”
As an absolute price, it’s not bad.
BUT, it’s not a real 1-BR. It’s 400 sq.ft. It’s a studio with some drywall, period. But of course you can command more money when you label it as a 1-BR. BUT IT’S NOT.
So, it’s really 400K for a studio apartment, period.
I don’t understand why people on here don’t seem to “get” the fact that parts of Park Slope (namely the northern part with excellent train service with the 2/3 and Q blocks away) are becoming hugely desirable for Manhattanites. 400K for a 1 bedroom for someone coming from Manhattan is ridiculously cheap. And you get to live in an amazing neighborhood only 15 minutes to downtown or 30 to midtown.
I took a look at the real estate windows this weekend along 7th and there is still next to nothing for sale in Park Slope…and maybe 3 or 4 properties in this sortof price range…
Ridiculous price. It will sit and rot on the market.
with 15K in work on updates, this place is worth 450-500K easy.
Actually, another 1BR in the building is in contract for $417K.
Is anyone factoring in the tax benefits of owning versus renting in these calculations????
That is HUGE!!!!
I bought a studio and got back 10K last year in taxes!
This isn’t a bad price.
Studios that i’ve seen sell in the North Slope have been in the 300-350K range.
The only studio i can think of that hasn’t sold is that one 250K studio on 7th that is literally a shoebox, otherwise a couple on berkeley sold for around 339k ish.
I don’t think 400K for a 1 bed on President is bad at all. The location is PRIME.
“This crash will fuck everybody and everything up!
My purpose is to wake up the dumbasses who think everything is fine. The middle class (remember them) will be crushed!”
Get a sandwich board, already.
Just to be fair, with the “rental comparison” in 2:05’s post, where did the down payment come from? If it’s cash that you otherwise have, remember, you could be earning 5% in a money market, which in this case, at $80,000 would be about $450 a month. So, really, you’re paying much more than a rental equivalent.