Co-op of the Day: 55 Pineapple Street, #3D
This co-op at 55 Pineapple Street in Brooklyn Heights just hit the market asking $499,000. It seems like a nice, solid one-bedroom: Good-sized living room and bedroom, attractive if not spectacular prewar vibe; there’s an elevator but no doorman. The monthly maintenance is $973, maybe a tad high but not crazy. What do you think…
This co-op at 55 Pineapple Street in Brooklyn Heights just hit the market asking $499,000. It seems like a nice, solid one-bedroom: Good-sized living room and bedroom, attractive if not spectacular prewar vibe; there’s an elevator but no doorman. The monthly maintenance is $973, maybe a tad high but not crazy. What do you think it’ll end up selling for?
55 Pineapple Street, #3D [Brown Harris Stevens] GMAP P*Shark
Ugh, the kitchen is awful. Looks like a rental. That detracts from everything in the unit. The living room is good sized though.
Our taxes have gone up too, DeLepp. We are a small, really well managed building and we take great care in keeping our maintenance costs low.
Keep in mind that my place is smaller than yours. A typical Brooklyn maintenance on a place my size is around $350-$450 a month, so I definitely have it good.
“Or do they just print more and it’s really meaningless….”
This – they issue more shares. So yes, it does dilute existing shareholders (and in fact the recipients of the stock!), usually by a small amount.
11217, say a pray that you building isn’t re-assessed. Our taxes have gone up 40% in the last 2 years and that was after hiring an architect/attorney to fight city hall.
Etson – I never quite understood getting paid in stock. Where does the stock come from? Aren’t shares of a company a set quantity? Who owns the shares that are being paid as bonuses? It has to be zero-sum, no? Or do they just print more and it’s really meaningless….
Can you explain this to a simpleton like me?
Well I’m in a studio, but yes…I did find a place with a really low maintenance. On purpose.
I find high maintenance to be really the killer on making an apartment affordable or not to those of us who aren’t wealthy.
When I used to work at a subsequent TARP recipient bank from 00-05, our bonuses were 25% in stock. Would think that would be 50%+ even for the junior folks now, but I don’t know for sure.
11217, you must be very lucky $250 wouldn’t cover my portion of mtg or taxes on my one bedroom in clinton hill.
If the average douche bag fratboy Wall Streeter just shared 10% of his ‘paltry’ bonus with me, I think my life would be transformed.