Co-op of the Day: 801 Union Street #2

Honestly, I feel sorry for the sellers – seems like they are getting ripped to shreds here. From my experience (we are considering selling our apartment), since we had at least 10 brokers (from different brokerages) see our place and there was consensus among ALL of them that are place was in mid to high 9’s (for 3BR/2BA prewar condo w/outdoor space, lots of light, W/D in apt, etc.), and comps we knew of sold in that range, we came to the understanding that the current market price was in that range. Of course, that was last summer so perhaps things have changed. But to tear these folks apart for asking what they have been led to believe is a fair price seems really unfair, especially since most people on this thread have not even seen the place, and there’s all kinds of mis-information flying around (that the 2nd bedroom is used as an office, that it can’t fit a twin bed etc.). For me, the lesson from this FSBO is that owners need to do a better job staging the apt and presenting it with photos/floor plan, since clearly there is a big disconnect between the people who actually went to the open house and saw it in person, and those just looking at those crummy photos.

There’s no broker, did you read the ad?

I dropped by and it’s not a small place. All the rooms have an entrance through the hallway. The office connects to the bedroom through additional glass doors. So there is a decent sized bedroom and next to it a very small one which had a twin bed plus a crib and a closet behind the door. The pictures don’t tell the story.

We asked – The small bedroom is 6 1/2 x 12 and the big bedroom is 17×22. We didn’t ask about the office, but it looked about half the size of the big bedroom.

The laundry in the basement is free, and there is ample storage, though the basement is a MESS.

I also went to this open house and I agree with the other person who saw it – it is fairly good-sized, at least 1100 square feet or so. The pictures don’t translate, for whatever reason. The sellers seem nice and the place has nice details, as the other person mentioned built-ins in the dining room, etc. The 2nd bedroom has a twin futon and a crib and then there is another room as an office (it has its own door, but no window). It’s not a small 2 bedroom for the neighborhood (I lived in a 700 sq ft 2 bedroom, this is a far cry from that) it is more of one of those family-sized 2 bedrooms, I think. My guess is they will get near asking, they already had one offer I think.