Condo/Co-op of the Day

Crown Heights HDFC Co-op With Woodwork, Mantel, Two Bedrooms Asks $745K

The ceilings are high, and the parlor and dining rooms are particularly impressive, with plentiful windows and wainscoting.

crown heights - columned doorway between dining room and living room with a view of a mantel

by Cate Corcoran

07/29/2024 1

Perks of this income restricted two-bedroom, one-bath co-op include an abundance of prewar charm, high ceilings, and low monthly maintenance. It’s on the second floor of an early 20th century apartment building at 465 Eastern Parkway, about a 15 minute stroll from the Brooklyn Museum and Brooklyn Botanic Garden.

The walkup was built as a pair with its neighbor at No. 469 by builder Patrick McTiernan. Architect Frederick L. Hine (whose wife, Carrie, was a developer) designed a symmetrical facade in pale stone with neo-Classical details including quoining, swags, and columns. In February 1913, the address was advertised as “new, splendidly located,” with apartments renting from $30 to $52 a month.

According to a 1920 article, a group of tenants in both buildings bought the pair intending to go co-op. It’s unclear what happened, and in the 1970s the city took ownership of the building. In the 1990s, the city’s Housing Preservation and Development turned it over to the current shareholders as an HFDC (Housing Development Fund Corporation) co-op.

The ceilings are more than 9 feet tall and there are hardwood floors, original doors, and moldings throughout the well-preserved apartment. Particularly impressive are the parlor and dining rooms, which together have four windows on a long wall, unpainted woodwork, and a large opening flanked by columns.

In the living room is a mirrored wood mantel with pilasters and a French door to the hall. The dining room has paneled wainscoting and a plate rail with plaster beneath. The plaster panels are suitable for tapestry or Lincrusta, both popular decorating choices when the unit was new.

The bedrooms are on the smaller side, as expected in apartments of this era. The kitchen and bathroom are modern and appear well maintained, although not particularly recently renovated, with beige and brown tile. There are four closets.

The five-story, 21-unit building is well maintained with a “friendly and welcoming community,” according to the listing, from William Etheridge and McKenzie Ryan of Douglas Elliman. There is no shared laundry, according to old listings. The monthly maintenance is low at $512.

The income limits for buyers are set at 165 percent of Area Median Income, or $179,355 to $230,670 a year for one to three people. The apartment is asking $745,000. What do you think?

[Listing: 465 Eastern Parkway #I | Broker: Douglas Elliman] GMAP