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
Clean underwear will be worthless once AY is built
It might not outweight other factors like location if the two places being compared were in very different locations, but if they are in similar locations then having one’s own private laundry is more valuable than common laundry in the basement.
Many common laundry machines are coin-operated, and if you send your laundry out to be done professionally, you are paying for that. Therefore people logically don’t pay more for the privilege to spend more on laundry.
Re: laundry – just curious if having laundry in the apt is a lot more valuable than having shared laundry in the building. I agree that with a family, one MUST have easy laundry access – we ourselves have a washer/dryer in our own place and it’s a life-saver. But from a real estate POV, is there a big price differential (or at least significant one) between a W/D in your unit vs. in the basement to share with the bldg?
“Women have this thing called menstruation.”
And men leave this thing called skid marks.
Anyone who thinks not having a laundry is no big deal is a retard.
Well, maybe for a single person in a studio it’s no big deal. But a family-sized apartment at a family-sized price selling to families needs laundry.
Get as defensive as you want about it but it’s the truth.
Brokers are so desperate right now–it’s the worse I’ve seen them in a while. The owner of this co-op did the right thing going FSBO. Very smart move. I’ve been seeing it more and more in prime neighborhoods, where the property and neighborhood sell themselves, at the right price.
Those who think women and their needs regarding laundry privacy are the same as men, you’re the ones who need therapy.
Women have this thing called menstruation.
Duh.
Actually, the building dimensions on property shark list it as 19.92 x 65′ — so, even allowing for common hallway, I bet this place is close to 1100 square feet, unless there is something I don’t know. Not having seen it, I can’t comment on how the space “feels” but one big problem in many brownstone floorthroughs is the lack of light (in the middle of the apt) which is what makes them feel darker and hence smaller. Layout is key, so I agree they should post a floor plan. Also, as another poster pointed out, school district could be a problem for many, and there is also evidently no outdoor space. Still, purely on a psf basis, I don’t think this is unreasonable given where the market has been recently – in fact, 750-800 psf is definitely on the lower side of what PS seems to have been commanding recently. As to where the market will go, well that’s another story, and maybe if things continue to soften and lower, then they will be forced to take a lower price…
boo. this place is loathsome. small, dark, walk up, coop, go buy the greenpoint house instead.
yuck.