Co-op of the Day: 905 Union Street
This Park Slope FSBO is one of the nicer apartments we’ve seen in the mid-six-figure range in a while. Located on Union between 7th and 8th Avenues, it looks like a nice starter apartment whose second bedroom (they call it a den) could handle a baby but not much more. If this is indeed a…
This Park Slope FSBO is one of the nicer apartments we’ve seen in the mid-six-figure range in a while. Located on Union between 7th and 8th Avenues, it looks like a nice starter apartment whose second bedroom (they call it a den) could handle a baby but not much more. If this is indeed a floor-thru, as we believe, then the asking price of $550,000 sounds about right for prime Park Slope, if you buy the math that 4 x $550,000 would give you an entire brownstone for $2.2 million. There were two open houses last weekend, so we’re betting some of you have seen it. Heck, for all we know, there are already offers.
905 Union Street [Kleinmatic.com] GMAP
is that corcoran one supposed to be better? I don’t get it.
I don’t think that FSBO listings are the only good deal. It is just easy to find broker listings and I think I have seen them all. I was just wondering where people look to find the FSBO listings. Also FSBO listings are inherently a better deal for people who are comfortable with real estate and don’t find the advice of the broker to be worth 6-7%. You can’t deny the additional cost of a broker. Deciding if it is or isn’t worth the money is a personal choice.
I’m curious, why is it people think FSBO is the only bargain out there? What if you have a motivated and realistic seller (like us!) who have a well-located Park Slope 2 BR (a true 2 BR with closets btw) co-op listed now for that much more than this one, but we ARE with a broker? I guess I do think it’s very true brokers can drive up a price when the sellers are not being informed or realistic, and make the brokers audition for the listing, making the brokers promise the moon and the stars just to get listings. But in those cases I’d blame the sellers, and not blame it on the mere presence of a broker. In fact, I think it really helps in this kind of market where buyers have more negotiating power, to have a broker repping the seller who can say to the seller when a buyer offers less than the asking price, “hey it’s a good offer, you should take it”. No? Yes?
where is the best place to look for FSBO listings like this one? I am going to be moving to brooklyin in a few months and I have been looking for apartments just like this one. I usually just look on NYtimes.com. Are there any other good places to look? Thanks for the help.
Yeah, I love brownstone blocks. They are very pretty. But until I can afford the whole thing (according to many on this blog it will happen in the next six years when prices tumble…:-))I’ll live in the prewar buildings next door and hopefully for around $550,000! Can we watch the prices of nice pre-wars around too? Are there any?
having lived in what many people called a “large” one bedroom in a brownstone in the North Slope for over 4 years, I can say that moving to a pre-war 1 bedroom is a much nicer experience.
my former apt. had tons of detail, super-high ceilings, but like most brownstones, the bedroom was tiny, couldn’t fit a Queen (unless getting around bed is not a priority). The brownstone apt’s can be very nice, but they tend to be dark and like others have said, they tend to be poor uses of space. all you keep thinking is how nice it would be to have the whole thing to yourself.
a “real” one-bedroom or two bedroom in a nice pre-war building can have those nice details and high ceilings and at a much better value.
I too disagree with the 100 sq ft rule. I thought it was window and closet = bedroom. Window only = den or “maids room”. There are a lot of legit bedrooms in ny smaller than 10×10.
Great layout for a brownstone conversion — I like the entrance in the middle of the apartment.
I love the greater representation here lately of apartments/co-ops/condos, Mr. Brownstoner. Keep it up!
Surely a lot of those skinny little 2nd bedrooms in brownstones are less than 100 sq ft?