Co-op of the Day: 801 Union Street #2
The owners who are selling this second-floor co-op at 801 Union Street claim that the offering price of $825,000 is less than all the brokers who keep calling them say it’s worth. We’d agree. We suspect most brokers would be trying to pawn this two-bedroom off in the high $900,000’s. Given the location (steps from…
The owners who are selling this second-floor co-op at 801 Union Street claim that the offering price of $825,000 is less than all the brokers who keep calling them say it’s worth. We’d agree. We suspect most brokers would be trying to pawn this two-bedroom off in the high $900,000’s. Given the location (steps from Union Market) and the charming original detail, $720 a foot seems like a good deal to us, especially since the maintenance is only $636. Would you agree? Anyone make it to the open house yesterday?
801 Union Street [FSBO] GMAP P*Shark
Facade photo by Kate Leonova for Property Shark
The floorplan is so helpful. Because it shows the bedrooms do open onto the hallway and aren’t shotgun. It als shows no closets in two of the bedrooms. Are there built-in armoir type closets or something?
Not having bedroom closets contributes to general clutter in an apartment. There’s a nice size WIC off the hallway where one could stuff things. But I’d prefer to use it as a food pantry, OR, can a washer/dryer be installed in the WIC? You should look into that with your co-op board and consult with a plumber, owner, so you can tell prospective buyers that they can do that with the WIC.
no way. $675 tops. someone’s not looking at realistic comps. if someone does get duped into this price as we slide into recession, they will suffer a serious bout of buyer’s remorse (especially since they will be people who don’t really know the area). don’t feel sorry for the seller, i’m sure they bought this thing for less than $300k a few years back. cry me a river.
The price looks right to me for that kind of space and the nice renovations.
Technically, the floor plan is 1,026sf give and take counting stair entry and the jutted bay window. Actual interior is roughly 850sf after everything is said and done. No different than most standard apartment dimensions. Think it’s small for the the asking price, but if you can push it up and maximize profit, go for it. There’s a sucker born every minute and someone will buy it. Size is relative and like any real estate, it’s location, location, location.
Only space roaches have blogs.
I would say this place is worth 600,000 tops. Buy the Caroll Gardens diner is close and that place so sooooo gooood.
http://spaceroach.tumblr.com/
Best of luck to the owners. I hope you get your price. I think you are overshooting, but what the heck do I know?
It’s a nice place–priced at market value.
The floor plan does help.
I know that a very similar if not identical apt. next door to them (closer to 6th), also 2nd floor and exact same layout but with a kitchen and bathroom in desperate need of renovation was listed at $849. Don’t know how much it went for.