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]
Sam: A family is not going to want bathrooms down a ladder from the “bedroom” loft. Or want kids sleeping on an open perch above the living/diing room. And there are only 12 foot ceiling where there is no loft — the rest woudl be what — 7 at best (and only a muchkin could stand in the loft). If anyone with a chiold lived here they would probably put them in the only real bedroom.
1:51
I agree, the loft bedroom would be perfect for a pair of brothers or pair of sisters old enough to go up the stairs. Brownstones have stairs too. Only when the third sibling comes along would this space be too small.
Geesh, such negativty, and the carrying charges are under 12,000 a year.
What’s not to like? I may go by there myself and see it in person.
Montrose — the problem is that the loft ISN’T good for a 2nd bedroom. It’s open to the living room, so when your kid goes to sleep, you are stuck in the bedroom. Or you can make it the master, and you lose all privacy. Not good for kids, I guarantee you.
They should have never put that photo of the bed with the low ceiling. That being said, I will pass.Give me the home in Bedstuy on Dean St. instead.
Not commenting on price, because I’m not up on comps in this neighborhood, but I think it is a beautiful apartment. And it has 2 bathrooms. I don’t understand why people are complaining that it doesn’t have enough bathrooms. Loft ceiling may be low, but there is another bedroom downstairs. Loft would be great as an office, guest room or bedroom for a child old enough to be safe up there. This looks like a very well thought out adaptive use conversion.
I am suprised that this is illiciting such a hostile response. I know this is primarily a house-related site, but I’m just surprised that there is such anti-apartment sentiment. the comment that for a million one could buy a house somewhere (Bed Stuy? Bay Ridge?) is telling. There is no comparison between wanting an apartment in Cobble Hill and a house in Bed Stuy or Bay ridge. Two different markets.
A lot of this is the anti-Cobble Hill, anti- Brooklyn Heights contingent. The older established neighborhoods, which made possible the renaissance of places like Fort Greene and Clinton Hill often get trashed here. it is disappointing.
This is neither a 2BRnor a 1BR. This is a “large loft-like studio” and should be priced accordingly.
not “lids”, kids although the space is so small even lids would make me feel cramped.
It’s not that “the market uncertainty of recent months merits a discount.” It’s that in the past 5 years sellers have charged a premium to buyers who were able to buy with “cheap” money. That premium is no longer warranted because you can no longer borrow money at such low rates. Prices shot up so fast so that sellers could take their share of the cheap borrowing, not because houses/apts. were suddenly worth 2x what they were worth 5 years previous. Sellers, buyers, and apparently Brownstoner need to wrap there heads around the reality of what places are actually worth when you can’t buy with underpriced loans. That doesn’t mean the world is coming to an end, just that housing markets are going to normalize.