Is this apartment worth $645K?

Whether it is worth $645K (+$750/month) is a judgement only an individual can make.

My .02:

- It is small (900 sf is a very generous measurement...a quick tally of the 2 BRs, LR and K brings it to around 700 sf +/-)

- Nice fixtures, details and finishes

- Enormous outdoor space (larger than the actual apartment by my measure)

If you've got a family and you don't want to be on top of each other, then I think this apt. will be outgrown wayy too soon. If you're single or a couple and really want to put in some enormous garden, then I think it's fine.

God bless 'em if they get anywhere near that number, as it will only make my 3 BR worth that much more...

Subject: Re: Is this apartment worth $645K?

brooklynbubba wrote: Saw this on Brownstoner. The question created a lot of nasty comments about the neighborhood. What's your opinions? Do you think this apt is worth $645K?

http://www.corcoran.com/property/listing.aspx?
Region=NYC&listingid=1238432

What where the nasty comments on Brownstoner? I live on St.John's Pl between Washington and Underhill for 4 years now.

Yes, it gets loud in the summer time (What Brooklyn neighborhood doesn't)
but it's nice and the people are friendly.

i've seen way worse prices for less space, etc. but it's obviously all about what the buyer can afford.

Subject: Re: Is this apartment worth $645K?

brooklynbubba wrote: Saw this on Brownstoner. The question created a lot of nasty comments about the neighborhood. What's your opinions? Do you think this apt is worth $645K?

http://www.corcoran.com/property/listing.aspx?Region=NYC&listingid=1238432

I didn't find the comments particularly nasty. ? A couple bad ones, but mostly OK.

Anyway, y'all can judge for yourselves:
http://www.brownstoner.com/brownstoner/archives/2008/04/coop_of_the_day_108.php

Interesting comment:

We're on Prospect Pl bet Grand and Classon, so not Prime PH and our neighbor just sold his 2 bed 900sf condo for $575,000 in 2 open houses. A 1400sf duplex with very small garden went for 680,000.
I think they may get it, if the apartment is in mint condition.

joseph11 wrote: you'd be out of your mind. no apt is wort 650 in this hood

I'd say it seems a tad overpriced, but I would disagree that NO apartment in this nabe is worth $650k. A good sized apartment (they do exist) in this vicinity would be worth that - no doubt. We have lots of good businesses, most of our neighbors are friendly, we can get anywhere in Brooklyn and into Manhattan quickly, we're by the park, what's not to love? $650k to own here doesn't seem exorbitant to me... if the apt is a bit bigger than the one discussed.

Subject: Possibly...

Just a bit high.

Might be great for 20 grand less.

Consider waiting a month??

Looks so lovely.

H

Whatchuwant wrote: Land, a gorgeous kitchen, and it looks bright and airy. The price sounds right in a seller's market, but it ain't a seller's market right now. Price will drop in a few months.

There is a bidding war going for the place and looks like it will go for more then the asking price. People want to buy it and fast.

Not a sellers market, but someone has money out there and the neighborhood is hot right now.

GOD wrote: [quote=Whatchuwant]Land, a gorgeous kitchen, and it looks bright and airy. The price sounds right in a seller's market, but it ain't a seller's market right now. Price will drop in a few months.

There is a bidding war going for the place and looks like it will go for more then the asking price. People want to buy it and fast.

Not a sellers market, but someone has money out there and the neighborhood is hot right now.

Yea, I meant to say that if it doesn't get snapped up right away!

All true, GOD, all true.

Whatchuwant wrote: [quote=GOD][quote=Whatchuwant]Land, a gorgeous kitchen, and it looks bright and airy. The price sounds right in a seller's market, but it ain't a seller's market right now. Price will drop in a few months.

There is a bidding war going for the place and looks like it will go for more then the asking price. People want to buy it and fast.

Not a sellers market, but someone has money out there and the neighborhood is hot right now.

Yea, I meant to say that if it doesn't get snapped up right away!

All true, GOD, all true.


I want to know what kind of jobs these people have to plop money down
when the economy is in the shitter. I have a lot of friends who's jobs are hanging on a thread.

brooklynbubba wrote:

I want to know what kind of jobs these people have to plop money down when the economy is in the shitter. I have a lot of friends who's jobs are hanging on a thread.

Doctors? Lawyers? Engineers? Family money? There's tons of people with money to burn...even in this economy. Very depressing.

While Artists, Writers, Actors and Musicians starve. Very depressing indeed.

Subject: Re: does this top that apt?

renoQueen wrote: My housemate sent me this link 2 weeks ago. The asking price shocked us. It's a real pit and they are asking $800,000. Plus, it looks to me like they want another $800,000 for the empty lot next door!

http://realestate.nytimes.com/detail/46-961682

the owner is delusional on the price of the empty lot.

i also should go sue them, they were lucky that my parents aren't as legal minded as me. they did crack some of my walls when did dig the hole next door.

when they put up the fencing in the back, instead of using their own supports, they put their wooden fence onto my wooden supports. drilled it right to my fence. sob's.

but my parents were like house still standing lets not sue etc... they are such old school asians.

GOD wrote: [quote=brooklynbubba]

I want to know what kind of jobs these people have to plop money down when the economy is in the shitter. I have a lot of friends who's jobs are hanging on a thread.

Doctors? Lawyers? Engineers? Family money? There's tons of people with money to burn...even in this economy. Very depressing.

While Artists, Writers, Actors and Musicians starve. Very depressing indeed.




Go ahead and heal me with your lame screenplay about your childhood or design something useful with your out of tune guitar and I might feel for ya.

GOD wrote:

While Artists, Writers, Actors and Musicians starve. Very depressing indeed.

I rather think, by historical standards, producers of literature, art and entertainment have done remarkably well in recent decades. Fewer cases of starvation, more cases of fame and fortune, as well as more cases of scraping by ok and doing what they enjoy rather than being stuck in slavery or manual labor.

I agree with joseph11; I have a specialized design job, and this place would be a stretch at the moment while we're on 1 income, but would work well and wouldn't be much of a stretch once the little one is old enough to enjoy the garden. Though by then, the prices will probably have started rising again.