Co-op of the Day: 147 Prospect Park Southwest
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…
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
Instead of showing pictures of the trees, they should have more pictures, especially of the bathroom. That kitchen cost $3000. It should be a crime to put that kind of a kitchen in a unit for sale.
Note: to all renovators. Do NOT put in a cheap kitchen and bath and then jack the price up to market level, when there are brand new condos with great interiors for the same price.
Shop around, you can get a better deal than this unit. So what you’re across the park, you’re not living in the park.
New york is just beginning to see real estate prices drop, wait till mid 2008, maybe even late 2008 to buy….and if you haven’t bought by 2010, you are out of it, once again.
Yes, Prospect Park is a plus. But, besides Lonelyville and a few places on Prospect Avenue, where are the amenities?
That’s a ridiculous comment 1:24pm. We’re flattening out from the run-up. Prices may be flat to down just a bit in ’08 then head higher as people like me who were priced out during the run-up but have now saved enough for a down payment will look to buy @ 5-10% discount from 2006 prices. There are many, many of us. Essentially, the 27-40 crowd that’s rented over the past decade & have 10% saved will prop prices up over the next few years.
Closing costs, lawyer fee, etc. etc. run about 5% of sale.
If you can wait, wait. the market is going to drop with the expected job growth for 2008, nobody is gonna be buying.
1:20…
the other side of hamilton is not quite the same as a place ON prospect park.
that’s like saying you can get a place cheaper on amsterdam avenue than on central park west.
DUH!
549 sounds right on track to me. similar things have sold nearby for 600 plus.
Terreljonez, on the other side of Fort Hamilton (same subway stop), you’ll probably find a two-bedroom, over 1000 sq ft, for around $100K LESS. But, even $549K sounds too much for this apt.
closing costs will be around 5K.
what # would closing costs run me? I’m going to make an offer @ $549k