Wednesday, December 17, 2008

Amity Street, As Nice as it Sounds

Are Manhattan apartment prices coming down--finally? Asking prices seem noticeably lower in Manhattan and certain Brooklyn neighborhoods. Another fluke?

As evidence of the turning tide, check out my old Schermerhorn Street apartment, the price knocked down by $40K since I posted about it. An apartment in another favorite building I watch, 200 E 27th, has come down $20K.

Check out this co-op on Amity Street in Cobble Hill, Brooklyn. The Bergen Street F stop is only four tree-lined blocks away. Granted the "F" in F train stands for "frustrating." But the F is the only game in town and it'll do.

The listing advertises 1000 sq feet of shared outdoor space. I wonder how many residents share the space. From the picture, the brick building looks small, so not that many?

The apartment, a duplex, is 900 square feet with a $599K asking price. That equals $921/sq ft--high for Brooklyn but the outdoor space trips that equation.

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