Co-ops of the Day: Head-to-Head Studio Battle
Douglas Elliman put up two new studio listings last week, one in Prospect Heights and one in Brooklyn Heights. The Prospect Heights pad, at 55 Eastern Parkway, is on the fourth floor with an asking price of $285,000 and monthly maintenance of $435; the Brooklyn Heights unit, at 54 Orange Street, is asking $319,000 with…
Douglas Elliman put up two new studio listings last week, one in Prospect Heights and one in Brooklyn Heights. The Prospect Heights pad, at 55 Eastern Parkway, is on the fourth floor with an asking price of $285,000 and monthly maintenance of $435; the Brooklyn Heights unit, at 54 Orange Street, is asking $319,000 with a maintenance of $333. Which do you think is a better deal?
55 Eastern Parkway, #4F [Douglas Elliman] GMAP
54 Orange Street, #1E [Douglas Elliman] GMAP
EP place looks REALLY dark for a 4th floor unit. Is that only one window I see in the living space? no bueno.
As someone who is under 30 and lives in Brooklyn Heights, I can attest that the North Heights has plenty of young people. And most young professionals who work in Manhattan would much prefer the Clark St./High St. commute to the Eastern Parkway commute.
There definitely aren’t enough “cool bars” in prospect/crown heights to justify choosing the Eastern Parkway apt. over the Orange St. apt. It’s very easy to head to “cooler” areas from Brooklyn Heights when necessary.
That block on Orange Street, between Henry and Hicks, is actually one of the prettiest blocks in Brooklyn. While 54 Orange itself doesn’t have the greatest facade, it faces the Plymouth Church courtyard, and is two short blocks from the promenade. Also, the restaurant scene on Henry is developing, and its practically on top of a 2/3 and A/C stop (one stop from Manhatta; accessible to all other neighborhoods in Brooklyn). I don’t know anyone who would prefer to live on Eastern Parkway.
For those saying BH is a much better location — for the elderly, sure.
All the young hip kids buying their first coops are choosing PH. Young hip renters are swarming there too. By a huge margin. It’s where all the cool bars are and where their demographic is.
Coops in BH sell to families and spinsters.
Man, this is a total no brainer. The BH place is far superior to the Eastern Parkway unit. Eastern Parkway…blech…
really kind of hard to compare since PH studio doesn’t have floorplan or sq footage. It seems to me that PH is doing very well in general – I think it actually is the place to invest in bkln. So many people seem to have completely gotten over the “if I’m going to be in bkln at least let it be as close to manhattan as possible” attitude, I’m thinking BH has nowhere to go but down (at least relatively, as these prices seem to indicate…)
The majority of photos for both places are of the surrounding neighborhood/attractions which seems about right to me. Personally I would prefer to be by the park/botantic gardens/library/museum, etc…
1:09 raises some good/valid points. at the end of the day it’s where the buyer wants to be. i agree BH is a bit dull but i would have a hard time not choosing orange given the subway access and the promenade.
1:02- yes, my rent is due tomorrow and it will be far less than the mortgage payment on either of these places and it’s on a better block… my predictions in the first post were somewhat in jest but i do predict the heights place closes under 300k and the other under 250k…