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
guest at January 7, 2008 4:40 PM wrote:
“If the building is 19 x 65 take a foot off on each end for the thickness of the outer walls which brings the interior space to 17 x 63.”
….thus perpetuating a million future real estate blog posts calling every agent or FSBO listing a lie with regard to claimed SF. I’m certainly not saying that sellers or agents don’t sometimes exaggerate the square footage but I’ve checked enough contested listings to know that if the (absolutely correct and accepted) convention of measuring to the outside face of exterior walls, to the center-line of walls between units, and making no deductions for plumbing and mechanical chases is followed, the claimed SF is usually not that far off the mark.
it will go for around 800K.
park slope is the destination of choice for most leaving manhattan right now.
especially with the rash of crime in crown heights and bed stuy lately.
people want to be near the services, and park slope has got them and getting more everyday.
funny story….i was on the train yesterday and a family from copenhagen was on the train and asked me about directions as they were on their way to grand army plaza. this was their first time to new york and they were told by all their friends who have come here that the most beautiful neighborhood in new york city was park slope.
so they were headed to check it out.
Well 5:08, not like this place has a $40,000 kitchen. Sorry, but it doesn’t. We just put in a $44,000 kitchen and have way more cabinets than this, solid wood, that go all the way to the ceiling, high-end countertops and better appliances.
And this place has its 2nd bedroom (used here as an office) in a shotgun style where you have to walk through one to get to the other. I’d rather have a smaller BR that I can enter from the hallway, than a bigger room with no privacy.
5:03.
we heard you the first time you made the comparison to president street.
problem is…there is no comparison. the president street place is smaller (800 square foot 2 bedroom is TINY!), needs a new kitchen (ANOTHER 40k) and needs quite a bit of other work done (10-20k)…most of which is cosmetic, but still involves time and some money.
this place is move-in ready.
Am I missing something? That’s a small crappy walk up apartment to me. For the life of me how apartments are priced because while the real estate world has become insane on every level, some pricing is plain old head scratching to me. Maybe you have to really drink the Brownstoner “dripping with original details” Koolaid to appreciate this apartment. Because to me it’s the kind of place where I’d quietly chuckle during the open house while I fantasized about punching the buyer in the face for his chutzpah.
I heart the What.
Umm, compare this to the 2br/1ba 800sqft co-op in the recent “Just Sold” post that had lower monthly maintenance and sold for $640k.
This looks somewhat bigger (estimation above said 900-some sqft?) and has nice high ceilings, and nice original detail… Maybe 100k more? So I’d peg it at $740k.
Fact is, even in the slope, $800k is a LOT to pay if you’re only getting one bathroom out of the deal. I don’t really see it.
4:18, they had to make the current office an office not a 2nd BR because otherwise you’d have to walk through one bedroom to get to the other.
If the building is 19 x 65 take a foot off on each end for the thickness of the outer walls which brings the interior space to 17 x 63. Estimate 125 to 150 sq ft for the hallway so the apartment would be somewhere in the neighborhood of 950 sq ft. It’s the north side of Union St which is not District 15 so it is not PS 321. It is also on Union close to 6th Avenue, not the best Park Slope block with the food coop, the bus traffic, and the Tea Lounge at the other end. I would say it’s overpriced by at least $100K.
The apartment is grossly overpriced.
Just because another 2br w/office in the neighbor sold for 800k plus does not mean this apartment does. The master bedroom looks small. The second bedroom looks like an office. The only thing worse is to put up a wall in the dining room and say it is a 3 bedroom.
IF YOU CANNOT FIT A TWIN BED IN THE ROOM THEN IT IS NOT A BEDROOM!