Co-op of the Day: 135 Eastern Parkway, #10C
None of the apartments that have turned over in Turner Towers in the past three years have topped the million-dollar mark. (a couple have gone in the mid-$900’s). Then again, we doubt any of them have been 2,800 square feet either. This three-bedroom, 10th-floor apartment, which is asking $1,700,000, was also recently renovated, so while…
None of the apartments that have turned over in Turner Towers in the past three years have topped the million-dollar mark. (a couple have gone in the mid-$900’s). Then again, we doubt any of them have been 2,800 square feet either. This three-bedroom, 10th-floor apartment, which is asking $1,700,000, was also recently renovated, so while the price tag looks high on an absolute basis it doesn’t seem crazy when you consider that it’s about $600 a foot for a pre-war apartment in move-in condition with killer views. Anyone in the building care to weigh in? Update: A reader just wrote in to let us know that Apartment 15I sold for $1,047,000 back in 2005. Are there other million-dollar sales that aren’t showing up on PropertyShark as well?
135 Eastern Parkway [Stribling] GMAP P*Shark
The amount of lying about square footage that happens is absurd. I went to an open house this weekend for a place that was billed as 1200sf, but it was 900, maybe 950 tops.
If a 2164sf apt in this building that recently sold has a maintenance of $1,569, wouldn’t this place have a higher maintenance than $1,650 if it is actually 2800 sf?
How does a broker get away with overstating the square footage by so much. Oh yeah, because he/she’s a broker.
until they kill the insane flip tax, this building is always going to sell for less than market.
I live in the building (though not in this line). The square footage is overstated in the listing–it’s more like 2200, which is still sizable. Though it’s hard to tell from the floorplan all the rooms feel spacious, including the living room. As for apts going for over 1 million in the building, there was an apt in this same line but on a lower floor that went for 1.16 in 2005.
If those other two sold for anything near asking price, I’d be surprised.
But then, I figured those two super-high listings must be in buildings where you have to be really rich to get past the board (as in not just having enough money, but really rich) and that that must be the draw – living with a bunch of really rich people. It was never my impression that Turner Towers was such a building.
There is SUCH an incredibly low level of inventory for pre-war in this area of Brooklyn, that prices are able to sustain numbers like this. I just found out yesterday my neighbor sold her studio fsbo on my block last week for 375K. Said she bought it last year for 299K.
Did anyone else happen to see that the two Park Slope Co-ops (both on Prospect Park West) both sold.
One asking price was 3.5 million, the other was 6.5 million.
Both have sold recently. And are practically “around the corner” from this place.
Not a bad discount for being on the other side of the park.
I think it’s pretty.
But for that price, I’d rather take a smaller place at Richard Meir’s On Prospect Park a couple blocks away.
Heard they’ve been selling ok. Anybody know?
Yes, it seems plain. (But I’d move in and fix that up). And not 2800 sq. ft. What’s with the floorplan not giving room sizes? – that’s not helpful.
And, contrary to 1:01, it DOES hurt brokers to price too high. Buyers don’t take the property seriously after awhile. That also hurts sellers who can’t sell as a result. And the broker will spend far more hours selling a place that is priced too high (if they are able to sell it at all – usually, the seller go to a different brokerage when the contract runs out, so they’ve lost the ability to get their commission after all their work.) Presumably, brokers look not only at how much they make, but how many hours they spend making the $. Pricing too high is stupid, and this is too high by a few hundred thousand. So buyers won’t even try to make an offer and negotiate.