Co-op of the Day: 191 Willoughby Street
Located on Willoughby Street between Fort Greene Park and Flatbush Avenue, University Towers was originally built as rental apartments but went co-op in the late 1980s. The building boom around it in Downtown Brooklyn has to bode well for prices of the 549 non-descript but reasonably-sized apartments in the three-building complex. This two-bedroom co-op is…
Located on Willoughby Street between Fort Greene Park and Flatbush Avenue, University Towers was originally built as rental apartments but went co-op in the late 1980s. The building boom around it in Downtown Brooklyn has to bode well for prices of the 549 non-descript but reasonably-sized apartments in the three-building complex. This two-bedroom co-op is now on the market for $560,000, compared to a similar one that was priced at $530,000 earlier this year. Another comp: A 750-square-foot one-bedroom sold earlier this fall for $340,000, or about $450 a foot. A lot cheaper than the Oro!
191 Willoughby Street [Brown Harris Stevens] GMAP
Co-op of the Day: University Towers 2 Bedroom [Brownstoner]
Wow, I could buy in Hudson View Gardens for that and have nice fake prewar Tudor. I think it’s when you start looking at the “budget” end of Brooklyn that you start to really see how overpriced the borough is right now.
“Concord Village 2. Very un-efficient use of the land.”
So what’s the deal with Concord Village 1? I was going to go to an open house there yesterday, but after I Property Sharked it, I saw there were quite a few units in foreclosure. That was a quick deterrent.
I know some folks who just moved out of there because of the regular sound of gun fire and constant corner drug trade.
Isn’t there a 25% flip tax there? Makes the sellers more inclined to price high.
Originally built to house faculty/staff of LIU and Bklyn Hospital.
ceilings are very low and the common areas are very pjs
Good question, sg. Proves that architecture ain’t the be all and end all when it comes to a person’s home. Here are some other questions: What is the difference between [the equity position, tax implications, level of service] between these and the projects in the neighborhood?
I know someone who lives there. Not a bad apartment.
The maintenance is $995?! This is kind of high, no?