Listing of the Day: 35-42 77th Street
Swoon! Who doesn’t love a good co-op unit in Jackson Heights? This three bed, two bath comes from Hawthorne Court, at 35-42 77th Street. It’s a beautiful, spacious apartment with a totally renovated kitchen. Seven of the 12 windows look out into the building courtyard. And the marble fireplace in the living room is in…
Swoon! Who doesn’t love a good co-op unit in Jackson Heights? This three bed, two bath comes from Hawthorne Court, at 35-42 77th Street. It’s a beautiful, spacious apartment with a totally renovated kitchen. Seven of the 12 windows look out into the building courtyard. And the marble fireplace in the living room is in working order. The ask here is $749,000, with a monthly maintenance of $1,177. What say you?
35-42 77th Street [MPC Properties] GMAP
The address is incorrect, it’s 35-49 76th Street.
this apartment has been on the market for a while. The previous price was much lower. I thought it went into contract but then came on the market for a much higher price.
This place is absolutely beautiful, but I wish the brokers would stop with the “5 minutes to the express train” bullshit.
I know this neighborhood very well, and I happen to walk faster than most. There is no way I can make it from 77th and 35th to 74th and Roosevelt in 5 minutes.
I live near this building and it seems pretty accurate to me. Maybe it takes 6-7 minutes at the most?
I think MPC properties is getting a little out of hand with the pricing. If you look at the Jackson Heights FSBO listing in the sidebar (http://queens-realestate.brownstoner.com/listing/ss-1374719881114/35-20-77th-street-41-jackson-heights-ny-11372/) you’ve got a 3 br/2 ba in hawthorne court that is in gorgeous condition–and $690k with markedly lower maintenance. When the FSBO hit the market I wondered if it might be priced a little high, but $749k is definitely, definitely high. MPC also just listed a Laburnum Court “TLC” property at $469k–5 months ago they listed a Laburnun court “TLC” property at $375k, and then another one at $400k–now $469k?? I think they’re beyond market prices now.
It’s not a condo. It’s been a co-op since it was built in the 1920s, hence no underlying mortgage.
No underlying mortgage would mean the building is probably a condo not coop? Maintenance for condo units are almost always lower than coops because there is no underlying mortgage to pay. The problem is that in some neighborhoods there are many coop buildings, but very few condos to choose from. Forest Hills for example is like 95 percent coop whereas Long Island City is 95 condo. Condo is almost always preferable IMO but units always cost significantly more.
My understanding is that all the Hawthorne Court buildings set their maintenance separately. However, $600 in maintenance would be EXTREMELY low for a three-bedroom.
I haven’t priced out this building, but prices in JH have definitely been going steadily up over the past few years. What was $500k a few years ago would definitely be more now.