Residential Sales in Brooklyn
CLINTON HILL $499,00 360 Clinton Avenue 2-bedroom, 1-bath, 850-sq.-ft. co-op in a prewar building; 24-hour doormen; dining area, renovated kitchen, parquet floors; maintenance $560, 35% tax deductible; listed at $499,000, 2 weeks on market (broker: Brooklyn Properties of 7th Avenue) WINDSOR TERRACE $1,075,000 198 Terrace Place 2-family, 81-year-old brick-sided house; 4 bedrooms, 2 abths, den,…
CLINTON HILL $499,00
360 Clinton Avenue
2-bedroom, 1-bath, 850-sq.-ft. co-op in a prewar building; 24-hour doormen; dining area, renovated kitchen, parquet floors; maintenance $560, 35% tax deductible; listed at $499,000, 2 weeks on market (broker: Brooklyn Properties of 7th Avenue)
WINDSOR TERRACE $1,075,000
198 Terrace Place
2-family, 81-year-old brick-sided house; 4 bedrooms, 2 abths, den, whirlpool bath, finished basement in primary unit; 3 bedrooms, 1 bath in other; dining room, eat-in kitchen in each; rear deck,1-car garage; 25-by-85-ft. lot; taxes $3,479; listed at $1.1 million, 2 weeks on market (broker: Aguayo & Huebener)
From the print edition of today’s NY Times.
There are currently two real 2 bedroom units on corcoran in the 450-470 range. The converted 1 bedrooms have been going for for about 100-80k less.
The Clinton Hill co-ops are awesome for young families, singles and people with moderate incomes. I also know of older people who have moved there in retirement.
These co-ops have more than doubled in price over the last 5 years or so, but are still an incredible buy, especially for the prime location in the heart of Clinton Hill. I really wish we had bought there when we first moved to the neighborhood 6 years ago. They are the last true bargain in the area. People who feel priced out of the hood should really take a look at these.
The windows are huge and the apartments are well laid-out, many with incredible views. They do look like projects on the outside, but they are amazing inside. And there is a real sense of community in these buildings.
People in the one-bedrooms often convert their apartments into to 2 bedrooms, by putting up a wall to separate the dining room from the living room. So those Corcoran listings may not be true 2 bedroooms.
Tudor Realty still exists as well — don’t know what their connection to Time Equities is, if any.
That’s correct about Greenburger.
Right, Time Equities not Tudor Realty (I think they may have changed their name back in early 90s after a bankruptcy and then reformed as TE). I once lived in a TE-sponsored walk-up coop in the West Village. Interesting company with deep roots in NYC RE. I’m pretty sure Francis Greenburger, one of their principals, is one of the people developing the 14 new State St townhouses in Brooklyn Heights/Boerum Hill.
Time equities is the sponsor. MGRE is the managing agent. There are a couple two bedrooms on corcoran right now.
I have lived in the Clinton Hill Coops in a two bedroom for three years now. No, the outside is not glamourous but you can get a real two bedroom for less than anything else in the area and if you are on the upper floors a great view of Manhattan with large windows. There is also 24 security. I could not afford to own a Brownstone but I really enjoy being in such a beautiful neighborhood full of them.
Don’t forget the incredible city views that the apartments on the higher floors offer. I looked at a 2 bedroom apartment in one of those buildings last year and was so impressed that I made an offer. The broker that showed me the apartment, Holly, owns a one bedroom apartment, on a top floor, with a brick terrace (penthouse??). Apparently they’re only 8 or so apartments in the entire development with a terrace.
I know someone who purchased a place in there in the late 90’s after having lived in the building for a couple of months as a housesitter. She has always been very happy with her place and the building is generally clean and well maintained. After she purchased she did a bit of renovation and said that both her neighbors and the management were pretty good about the whole thing. I get the sense that there is not a lot of turnover, and that the folks who live there are long time neighborhood residents, not flippers or speculators. Its not a modern building, but if you love the neighborhood and one comes up, I think she’d definitely recommend it.