Co-op of the Day: Delusional in Windsor Terrace
Is it just us or is the seller of this Windsor Terrace co-op out of his mind? We like views of Prospect Park as much as the next guy, but $1.3 million for a 1,900-square-foot co-op that needs another $200,000 of work seems nuts. If this were on Prospect Park West, we could see it…
Is it just us or is the seller of this Windsor Terrace co-op out of his mind? We like views of Prospect Park as much as the next guy, but $1.3 million for a 1,900-square-foot co-op that needs another $200,000 of work seems nuts. If this were on Prospect Park West, we could see it but as nice as Windsor Terrace is, it does not command Park Slope Proper prices. Are we missing anything here?
$1,300,000 Prime Co-op Facing Prospect Park [Craigslist]
Even after the market recovers, $1.3 million is high. I just have to compare it to the same size condo on a prime Park Slope block, total gut renovation everything brand new, inside a brownstone building on a beautiful brownstone block, for $1.15 million I saw a couple months ago. This one just doesn’t make sense.
the owner doesn’t lose anything by keeping it on until it sells. He has owned this and many other apartments for years. He will sit on this price until the market comes back up.
I agree. People can critique a property (and this property does deserve a harsh critique) without being nasty and mean spirited which is simply immature and bitter. That said, critique is really helpful for all potential sellers and buyers, to see the “do’s” and “dont’s”.
and it is precisly because of this “run” that I am tired of brownstoner. can’t anyone have a “conversation” without all the insults and finger pointing??
Yup. Nuts. Insane and funny. I would be very interested in following the trajectory of this mega deal. It will probably be rented for double the maintenance.
“Hey, thanks everyone for coming over to my housewarming party! Awesome. Um, well, my million dollar fixer upper, that is.”
1.3 M for a fruggly black, bright yellow and rose colored bathroom. I want some of what they are smoking. And I want that optimistic person to write my job review and determine my bonus level. If they over inflate the worth of that craptastic place, just can’t wait to see how much bonus they think I should get. 😉
that is why this listing is with this company and obviously “stupid” broker. notice how it is not with one of the “big boys”? no, “real” broker would list this apartment at that price no matter what the sponsor wants. you could get that entire house in ditmas park for 400K less! you could then put in a new kitchen, new baths etc etc.
this broker, hopefully, has a day job!
Time for me to be maintenance policy again — this would be overpriced if it were in pristine condition. The exhorbitant maintenance is another slap in the face. I may be stretching here, but I don’t think that apartment is worth half the asking price.