221 W. 21st St.
Started by daisy37
almost 15 years ago
Posts: 18
Member since: Oct 2011
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Maintenance is very high - about $300/month or 30% more than what I'd expect for a basic junior one in the nabe. My guess is that it's at least partially due to a small number of units (20) supporting both an elevator and a laundry room. But you definitely should look into building debt too.
Other issues are lack of closet space (partially offset by the storage unit) and an ugly/cheap kitchen.
I do like the apartment, though. Skylights, exposed brick, fireplace, wood, and views are all nice. Layout is pretty good.
From the pictures it looks like they're trying to stage this. Some of the very stripey choices just hurt my eyes though.
My # would be a lot closer to $400-425k than $475k. The maintenance is just too high.
lad, totally agree on every point. What I also notice is a fire escape which is a deal killer for many.
Take out your calculator and check the floorplan. I see 450 feet on a good day. That means over $1000psf for a cramped one bedroom in a nondescript non-doorman building with a fire escape AND with maintenance that's at least 20% too high.
And "priced well" would be $350,000
due your diligence, overpriced.
Based on other comps in the building, there's no way this would go for as low as $350k. It does have a lot of unique features, and being on the top floor is nice, too. Plus, there's going to be a little bit of a premium for what sounds like very flexible policies for a co-op.
The unit below (more renovated, looks like a lot less light) sold for $419k (ask) in '09, and the alcove studio next door sold for $382k this year. This isn't going to go below $400k, IMO, but shouldn't go above $425k/
Daisy, I like all of the apartments you post! I live in (and love) Chelsea brownstone buildings. Happy to continue to offer you candid feedback. Keep in mind that 50% of people are going to hate these types of buildings, period, so don't get too discouraged with the negative feedback. But this one does seem to have some issues that make me question the value, even though I love the raw space.