Co-op of the Day: 205 Warren Street, #2A
We love the former Catholic school building at 205 Warren Street that this 1,300-square-foot loft apartment’s in. Built in 1887, the former St. Paul’s Parish School is now a 27-unit co-op. The second-floor apartments have 14-foot ceilings, making them ripe spaces for loft mezzanines. Two other similar apartments have sold recently, #2E for $995,000 this…
We love the former Catholic school building at 205 Warren Street that this 1,300-square-foot loft apartment’s in. Built in 1887, the former St. Paul’s Parish School is now a 27-unit co-op. The second-floor apartments have 14-foot ceilings, making them ripe spaces for loft mezzanines. Two other similar apartments have sold recently, #2E for $995,000 this past July and #2H for $990,000 back in the summer of ’06. Based on those data points, #2A looks priced on the money to sell at $995,000, unless you think the market uncertainty of recent months merits a discount. Man, those windows are to die for.
205 Warren Street [FSBO] GMAP P*Shark
Former Catholic School on Warren Street [Brownstoner]
Residential Sales 6/2/06 [Brownstoner]
2:24pm is correct. This apartment and price looks like Tokyo in 1989.
spend 1 million in the Richard Meier building it is a better investment.Ha no wonder the rest of the country thinks NYers are nuts. Piece of crap real estate for 1 million bucks 1 1/2 baths. pathetic
Actually, Montrose does deserve kudos. If everyone followed his example, trolls would be neutralized and the general level of conversation elevated.
Kudos to “Montrose” for his continuing, courageous use of an alias that he plucked out of a history book somewhere. Damn, Montrose, you’ve got guts.
–Robin Banks
Nice space, really beautiful. However, the loft space should not be calculated into the square footage. But owners think the loft is premium, somehow. I recently saw a 578 sq. ft. “1-BR” on 6th Avenue in PS that is asking $1100/sq.ft. It has a small 200-sq. ft. loft with 5-ft ceiling clearance that is the so-called “1-BR”.
SAM – this is an 840 sq ft apt with two lofts that can, yes, be used as studies or a bedroom, but really do not make the apt feel bigger. I know from experience of living with open loft spaces like these that they give no sense of a bigger living space – they just feel like large shelves~!
I think people are just so used to crappy apt lay outs that there are no standards at all. It is VERY hard to find a good lay out in this day and age, and this certainly ain’t it.
After plunking down 20%, your mortgage is close to $5000 and then there’s nearly another $1k in maintenance. Doesn’t a $6K monthly nut seem a trifle high for a 1BR apt in Brooklyn?
This is a nice place, and people who like lofts will no doubt like this apt. It’s obviously priced way too high.
What do people think the price should be though?
I’ve been noticing that most FSBOs are listed really high–usually around 100K too high. Why is this?
Marginal neighborhoods like Clinton Hill are going to be hit first and hardest by tighter credit, no matter how far they’ve gone on the road to gentrification and how ‘charming’ the houses are. Just wait and see.