Co-op of the Day: 8 Sidney Place, #5
This top-floor co-op at 8 Sidney Place has a nice open, light feel to it that you don’t usually see in smaller townhouse apartments. That has a lot to do lofty-layout and multiple skylights; the private roof deck is an added bonus. The asking price is $525,000 and the monthly maintenance is $615. Sound reasonable?…
This top-floor co-op at 8 Sidney Place has a nice open, light feel to it that you don’t usually see in smaller townhouse apartments. That has a lot to do lofty-layout and multiple skylights; the private roof deck is an added bonus. The asking price is $525,000 and the monthly maintenance is $615. Sound reasonable?
8 Sidney Place, #5 [Brown Harris Stevens] GMAP P*Shark
If we didn’t have 5th floor walk ups, we’d have no stories that start “In my day, I lived in a 5th floor walk up. Both ways”!
But, yeah, it’s a little different when you’re buying.
A few points: The price seems high but at this point I think sellers are resigned to getting offers 10-20 pct. off ask.
The layout is fine for a singleton or couple but the 5th floor walkup: Not good for anyone except hermits.
A long time ago my wife and I decided that anything over the 3rd floor is a no-go zone.
Wow, DitmasSnark, you’re such a snark that it’s in your e-mail address. Impressive. I’m guessing that’s your snark-dedicated address, but still.
@11217, Yes. I think the blanket criticism of studios, and one bedrooms like this are silly. They can certainly work long term for some people, and, as you point out, many people in NYC.
CarrollGardened – you can hit me up at ditmassnark at yahoo dot com. Thanks! I haven’t decided about 10/15 yet.
I guess that is still low, but honestly I’m not super familiar with the BH market in terms of prices.
Either way, I think the place looks grand (as in great, not large).
“Nomi,
We just calculated the square feet to be around 535 or so. A little more with the bathroom.
That’s close to $1,000 psf.” (11217)
Yeah, I did figure the feet more generously, at around 700, trying to get in between actual and realtor figures. Maybe that’s a silly way to do it. Still, you do have to count bathroom and closet, so, say, 635 feet. That’d be about $825 psf. Not as low as I’d figured, but still on low side for roof deck in BH, no?
Let’s see if this logic stands up…help me here, Guys…
Apartment below this one sold for $499,000 during the boom. Therefore, this apartment at “half off peak comps” should be about $250,000. Does this make sense?
I assume the monthly maintenance includes all heating, hot water, taxes, etc. Is this correct?
Robert,
It’s prime Brooklyn Heights and has a spacious roof deck.
By the way Everyone, it looks to me as though there may be spiral staircase to the roof from the hallway…you can have spriral staircase with a hatch at the top to the roof. Note the railing around the hatch opening (edges of the photo of the deck)…those tell me there may be a spiral spiral staircase…who knows…
The only skyline view they show is a watertower…the ad implies expansive views of Manhattan. You’d think they’d picture them in the photos since this is the where the money is.
***Someday bid half off peak taglines!***
it’s mind boggling that someone would spend 1/2 a million dollars to live that way.
*rob*