Fully Restored Prospect West Two-Bedroom
Wading into unfamiliar territory, we take a look at this 2-bedroom co-op in a turn-of-the-century limestone overlooking Prospect Park. Given the restoration work done on the floors and, allegedly, the hardware, this place seems suited to someone partial to the brownstone aesthetic but uninterested in the headaches of home-ownership and with a preference for location…
Wading into unfamiliar territory, we take a look at this 2-bedroom co-op in a turn-of-the-century limestone overlooking Prospect Park. Given the restoration work done on the floors and, allegedly, the hardware, this place seems suited to someone partial to the brownstone aesthetic but uninterested in the headaches of home-ownership and with a preference for location over space. The apartment has 1,050 square feet of indoor space and private roof access. Interesting.
PPW Splendor [Betancourt]
Maintenance on my old apt ($600) seems like a toss in the bucket given what I am paying to maintain my 100 year old wood frame.
Yeah I had to laugh at that “you don’t have to pay maintenance” line. Obviously written by someone who does NOT own a house.
A finished roof deck would probably add an addition $30K (from an appraisal standpoint) to the value. So, it’s possible that the apartment is priced appropriately (+/- $30K). It’s useful to know what similar properties in the neighborhood are currently in contract for. I don’t think an appraiser will have a problem valuing that apartment at $865K or close to it.
OK, so if you buy the house in PLG for $100K more, there’s no $533/month maintenance. But don’t you think you’ll spend that much or more per month on maintaining the house anyway? You’re not responsible for those things in a co-op.
Isn’t that a view of the 9th Street Playground (maybe it is a garbage facility as well)?
Having stripped woodwork is worth quite a bit (OK not $100k)to me…. Like maybe $30k
the other appartment has roof rights but no deck yet. It is a walk-up but lower floor. And residential street is quieter then PPW.
What I see as pluses for an 865K apartment is that roof deck is finished already and that this apartment has a park view (well, it is a tchnical facility that treats park garbage in front of the windows) and that the woodwork is stripped.
question is: are those pluses total to more then 100K?
the other appartment has roof rights but no deck yet. It is a walk-up but lower floor. And residential street is quieter then PPW.
What I see as pluses for an 865K apartment is that roof deck is finished already and that this apartment has a park view (well, it is a tchnical facility that treats park garbage in front of the windows) and that the woodwork is stripped.
too expensive by FAR!
A THREE BEDROOM co-ops, with less maint, 1400 sq foot, right plumb facing the park on PPW (south slope), went down this month, it sold immediately but it was twice this apartment at the same price.
doh.