147-prospect-park-southwest-0108.jpg
We think this prewar two-bedroom co-op at 147 Prospect Park Southwest is looking like a decent buy at $574,000. The sponsor unit has beautiful parquet floors, beamed ceilings and stripped wood moldings; it also has a separate dining area. In addition, the monthly maintenance of $727 seems reasonable for a 1,000-square-foot space. Too bad the sponsor put in such a crap kitchen though.
147 Prospect Park Southwest [Orrichio Anderson] GMAP
147 Prospect Park Southwest [NY Times] P*Shark


What's Your Take? Leave a Comment

Leave a Reply

  1. I leave a few blocks away from here, and I completely agree with 2:49 that “the park is a far more useful and valuable ‘amenity’ than overpriced coffee shops.” My 6 year old and 3 year take full advantage of the park and all it has to offer, as do I.

    Another bonus is PS 154.

    I can’t speak to the condition of the apartment, but it’s located in a great area.

  2. I can’t comment on the price, but for me the park is a far more useful and valuable ‘amenity’ than overpriced coffee shops or attitude-filled restaurants. I’d take WT over 5th Avenue vicinity any day.

    To each his own.

  3. When 4th quarter earning are posted in February you’ll see that many major financial institutions are in deep doo-doo. Bonuses for Wall street were down substantially for many. The high end real estate market in NYC is driven by those bonuses (as well as tax revenues for City services). 2008 will be the beginning of a terrible year for financial institutions. The bubble has burst. If you want to buy, have a little patience. Down down down…

  4. Mortgate apps may be up but many are not for new home purchases. People have resets coming and may need to refinance before the reset. Personally, I am applying to increase my home equity line just in case I lose my job in this downturn and need extra liquidity.

  5. Where’d you get that info, 2:05? Mortgage apps for weeks ending 12/21 and 12/28 decreased 7.6% and 11.6%, respectively. Regarding apps in the works, you have to consider what’s being purchased, in which market and at what price. In NYC seems fewer and fewer sellers are getting asking price these days.

  6. I saw this apartment a few weeks ago. The layout is odd, but the wood work in the space is very nice and light. I also live relatively close by in Windsor Terrace. The neighborhood is very safe and quiet. The apartment I think is in PS 154 zone, which I like alot. WT is not known for it’s night life, but you have views of the lake in Prospect Park and you are walking distance or one or two stops from Park Slope on the F train.

1 2 3 4 5