2 Bed 2 Bath Condo For Sale $635,000 1,036 sqft ($613 per sqft)
Broker: Lee Ang 1916 Ocean Ave LLC
Buying a Brooklyn Condo? ""MUST READ"" Page WHY BUYING MIDWOOD MAY BE A WISE CHOICE “Midwood - A Hidden Opportunity?” Midwood is
...read moreBuying a Brooklyn Condo? ""MUST READ"" Page WHY BUYING MIDWOOD MAY BE A WISE CHOICE “Midwood - A Hidden Opportunity?” Midwood is one of glorious historic film and television origin that predates even Hollywood- in fact Midwood can be said to be the original Hollywood. However this fact may not be well known, thus creating a hidden opportunity in this undervalued (to North Brooklyn) situation. Local non-profit Midwood Develop Corp. is revitalizing Midwood’s historic roots in film/television- unmatched by any area of Brooklyn or in fact, possibly any city in the world. Midwood, limited area only 10 by 30 blocks, is home to renowned actors: Woody Allen, Marisa Tomei, Beastie Boys founder Adam Yauch, & films/shows: Godfather, Cosby Show, Seinfeld, Sat. Night Live. Vitagraph built the first US modern film studio in 1906, became the most prolific US production company by 1907, producing many famous silent films, world's first aviation war film in 1911, world’s first animated film in 1897, world's first movie stars.
PRICE TREND: NEXT IN LINE? Possibly Undervalued? Possibly Overlooked ?- based on price trend movement of the very expensive Bklyn North ($1000-1400/sf) moving towards the affordable South ($650-700/sf), Midwood-geographically centered on the map-may be a “wise alternative” that is well positioned geographically for growth. Flatbush (directly above Midwood) is already at $890/sf while Midwood is still at $650/sf. Midwood may be next in line on being price influenced? Compare this to $900-$1000/sf for Bedstuy/Bushwick, Midwood’s charming, civil, well-behaved neighborhood may deserve warranted attention above its current value. Thoughtful risk/reward? With Midwood’s unerasable pre-Hollywood history, Midwood ($650-700/sf) may be a safer investment in event of a downswing- compared to the north? With similar subway convenience nearby, this may encourage buyer shift to south Bklyn- possibly upside potential (this price difference of around $600/sf may narrow and may be captured over time?)? All Data from MNS.com
OUR HIGHLIGHTS: ***Free wkly housekeeping***Grass Roof w/360 skyline views for yoga, picnics, star gazing**Only $260/mth Maint, **15 yr taxabate**Indoor Parking**Lots of Storage **Pets Welcomed**Large Window Skyline Views, Gorgeous Wide views & sunlight in every rm** Wide Spacious Layout **2 Balconies, High Bathtub**May be well positioned geographically for price growth from N.Bklyn's expensive pricing***only $590/sf vs $700/sf Midwood avg.
APARTMENT SPECS: Spacious,True Comfort. higher ceiling 2BR 2Baths 1200 NET SF. $650-700K. CC plus r.e. tax=$300/mth w/15 yr taxabate. Ind.Park spot-60K hard eng. wood fl, granite kitc. top. Pets are People too-Grass Roof open to pets. Centrally Located to subway B Q. Final CO obtained Oct. 2018- for immediate move-in. Building pre-qualified at JP Morgan Chase for quick mortgage approvals. MAGELLAN-""A THOUGHTFUL BUYING PROCESS"" MAGELLAN-Meaningful Brand Magellan-one of Pioneer, First. “Infusing local history within realty contemporary art” We instill Character, Spirit, Appearance. We care about the Value of your purchase. For resale value, BUY THE DIFFERENT NEITHER 1916 Ocean Ave LLC NOR THE INFORMATION PROVIDERS SHALL HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF THE INFORMATION OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON THE INFORMATION OR FOR INTERRUPTION OF ANY DATA, INFORMATION. THE PAST PERFORMANCE OF ANY INVESTMENT STRATEGY CANNOT GUARANTEE ITS FUTURE PERFORMANCE.NEITHER 1916 Ocean Ave LLC. NOR ITS INFORMATION PROVIDERS MAKE ANY REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS, OR SERVICES CONTAINED HERE.
