Co-op of the Day: 10 8th Avenue
Prime, baby. Prime. This parlor-floor two-bedroom at 10 8th Avenue in Park Slope has a lot going for it: Original detail, high ceilings, new kitchen, convenient location. As best we can figure, it’s probably about 1,200 1,500 square feet or so (the bottom two floors have a 15-foot extension), which puts the asking price of…
Prime, baby. Prime. This parlor-floor two-bedroom at 10 8th Avenue in Park Slope has a lot going for it: Original detail, high ceilings, new kitchen, convenient location. As best we can figure, it’s probably about 1,200 1,500 square feet or so (the bottom two floors have a 15-foot extension), which puts the asking price of $1,250,000 around the $1,000 $825 per square foot mark. The top floor unit, which must have lower ceilings and may have a smaller layout depending on setbacks in the rear, sold for $865,000 in the summer of 2006. The most similar listing we can recall was the parlor-floor unit at 101 8th Avenue that Warren Lewis had listed for $995,000. Think $1,250,000 is stretching it?
10 8th Avenue [Brown Harris Stevens] GMAP P*Shark
Sharks? Isn’t that a little generous?
How ’bout rats?
Pond scum?
Foot fungus?
Anal fissures?
No, They aren’t. They are sharks with bad hair.
Would everyone please stop calling brokers names already?
Brokers are people too.
Aren’t they?
“I wish the crack whores and their pimps would move to Park Slope.”
They are welcome as long as the crack is organic fair trade, and the whores are free range and grass-fed.
I wish the crack whores and their pimps would move to Park Slope.
6:18….i already own an apartment in park slope so i’m not worried about it.
the only thing i might get involved with regarding fast food is buying a mcd’s or two for fun.
It’s become increasingly easy to figure out who is a broker on this website.
They are the only ones with their head in the sand, talking about how great the market is, the economy, etc. “Prices can only go up.”
Brokers are an insult to everybody else’s intelligence.
Re: the going price per square foot – isn’t this hard to calculate exactly, when there are other factors such as: sunlight, detail, storage, outdoor space, school district, monthly charges etc.? I think $700 is actually quite low for PS, though I agree $1000 per sf is silly (and by the way, the person who said this was for renovated townhouses had it all wrong – townhouses usually get a “bulk discount”). In any case, I have not seen this apt, just pointing out that it’s silly to speak about it purely on the basis of $ psf without taking into consideration other factors. That said, this particular apt does seem very overpriced given the very high maintenance, bad school district, lack of outdoor space, and lack of a 3rd bedroom.
oh yeah, saying things like “by then it will be too late” is so logical. you’re the one who doesn’t understand. we’re going into a recession and the RE market is sitting on artificially high prices pumped up by easy financing over the past 5+ years. salaries didn’t increase 40% per year over that time. the fundamentals simply aren’t there. it will take time before you realize that. by then it will be too late for you to get training so you can change careers. “more normal” appreciation will only come back once we revert to the mean and that will take many years. i won’t explain the difference between nominal and real appreciation, but you should look it up. also, have you heard of opportunity cost? why do i want to overpay for a depreciating asset? it’s not going to be “too late” anytime soon. so polish up that resume, dude. i see a future for you in fast food or maybe used cars.