I Want This House: Converted Milk Factory Condo in Park Slope, $875K

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image from CorcoranSince I moved here 17 years ago, I've wondered about this building, which was renovated long before homes west of 6th Avenue in South Brooklyn were legitimately considered Park Slope. (This is a neighborhood that people in New York City flock to the moment they learn they're pregnant, convinced that it's the premier area for child-rearing. And once upon a time those migrants who came here for the schools and the park didn't care to live anywhere below 7th Avenue.)
Luckily, 5th Avenue has now eclipsed 7th in terms of hipness, culinary offerings and daycare centers. Sandwiched between 4th and 5th Avenues, and looking out on newly refurbished JJ. Byrne Park, this unit at 270 Fifth Avenue seems to be an unusual combination: space and location for under a million bucks (a sister unit, with a third bathroom, does break the million mark). There's now a farmers' market just steps away and loads of boutiques selling hand-made wares and boutique wines.

The co-op, in a building with 34 other residences, has three bedrooms, two loft spaces to use as offices, a terrace, a souped-up kitchen and 1,100 square feet of living/dining/cooking space, which basically constitutes a palace in these lands. The ceilings are 15-feet high (the building was once a milk factory, so the spaces are converted from industrial use), and the maintenance is pretty low for that much space, at $982.

In fact, it's making me suspicious. According to Trulia, average listing price in that zip code is over $915,000 and that includes studios! I'm pretty sure it's priced this way, under $900,000, to attract buyers and foment a bidding war. That was the case with the two places I've been to see recently -- drop the price lower and get more people to fall in love with the place and fight it out. It's kind of 2007 tactics, don't you think?


Find more great condos for sale in Park Slope at AOL Real Estate.
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