Just Sold in Brooklyn
CLINTON HILL $250,000 275 Clinton Avenue GMAP Prewar studio co-op, 400 square feet, with windowed kitchen, high ceilings and home office; building features gym, garden, laundry, storage and super. Maintenance $228, 40 percent tax-deductible. Asking price $260,000, on market 75 days. Brokers: Michael Stansfield and Ina Fine, Bellmarc, and Phyllis Elliott, The Corcoran Group. GREENWOOD…
CLINTON HILL $250,000
275 Clinton Avenue GMAP
Prewar studio co-op, 400 square feet, with windowed kitchen, high ceilings and home office; building features gym, garden, laundry, storage and super. Maintenance $228, 40 percent tax-deductible. Asking price $260,000, on market 75 days. Brokers: Michael Stansfield and Ina Fine, Bellmarc, and Phyllis Elliott, The Corcoran Group.
GREENWOOD HEIGHTS $675,000
259 21st Street GMAP
Prewar two-bedroom, one-bath loft condo, 1,295 square feet, with mezzanine, 17-foot cathedral ceilings, restored wood floors, open kitchen with stainless-steel appliances, washer/dryer and window AC; building is pet-friendly and features video security, garage and bike room. Common charges $451, taxes $0 with abatement. Asking price $699,000, on market 72 days. Broker: Richard Silver, The Corcoran Group.
Just Sold! [NY Post]
G train is not terribly bad. if you work in midtown you can transfer to the E/V in queens, otherwise transfer to the F or A/C downtown. you can also take the bus on Dekalb or Myrtle.
Thanks for sharing the fun stories, 10:19!
All of the apartments have 80 plus foot hallways, the building is an E plan with all the rooms facing into a courtyard off a hall (if you get my meaning). The building was recently repointed.
However, the studio is located on the first floor in the very back. The maintenance has been going up quite a bit – last I heard it was around $1,400 a month in order to recapitalize the building’s funds. And no, the building is not convenient to get into Manhattan – yes it’s by the G train but really, that is a non-issue if you need to go to work.
End point: sure $250K is good for a studio in this neighborhood, but only in this madness of a real estate market.
Two-hundred-seventy-five Clinton Avenue. What a beauty! If you Google it you’ll discover:
— The first man to cross the United States in his own automobile lived there.
— A bachelor lawyer living with his mother was implicated in a woman’s suicide (after some nefarious dealings with a box containing jewels and cash valued in the hundreds of thousands of dollars).
This was around 1900, of course. But what a classy building!
In the 1950’s there were no studio apartments at 275, just rambling apartments that seemed to extend forever. Friends of my parents lived there. They owned a beautiful, black Lincoln convertible, which was a real pleasure to ride around in Brooklyn with the top down.
Apparently this building has been able to hold on, even if carved up. From the photo, it looks even better than I remember.
Nostalgic on Park Avenue
Well, if the building Clinton Hill building needs repointing…the assessments can really hurt. Also, you forgot to mention taxes will go up…then again, with any luck, the underlying mortgage might go away eventually (no?).
Listen…sure your maintance costs might go up slightly over the years…
Average rents in this city double every 10 years.
You know what I mean. In a city where the average studio rental is 2000 bucks a month, this is a very nice option for someone who would like to own a home on a modest budget.
Must we nitpick every little thing?
What do you mean no increase??!!! Maintenacne costs go up — heating, elec, insurance, etc. –plus the random captital improvement!
with 20% down, the studio works out to roughly 1400 or 1500 a month or so including maintenance.
then with tax deductions, we’re talking 1000 or 1100 a month.
to have a studio anywhere around here for that price…with a set cost…no increase for the next 30 years is quite good, in my opinion.
this book by Sylvia Cohen was helpful before I bought a co-op:
http://www.amazon.com/New-York-Co-op-Bible-Everything/dp/0312340753