This Jackson Heights Co-op Apartment Is Asking Close to $1 Million

Hampton-court-co-op-jackson-heights

Jackson Heights, are you ready for this? This Hampton Court co-op just hit the market with the noteworthy price tag of $949,000. (Maintenance: $1,600 a month.) A Jackson Heights Life commenter calls this “the highest listed apartment that I’ve ever seen.” It’s a four-bedroom, two-bathroom duplex unit — definitely a unique apartment in the co-op market. The interior’s gorgeous and well-kept, too, with a separate laundry room, renovated kitchen and lots of original detailing.

There’s no square footage listed, but the JHL commenter guesses that “if the apartment is more around 1600 square feet, we are talking about close to $600 / square foot. An unheard of price in Jackson Heights.” It’s true, this listing could shape up to be a game changer for the neighborhood market. Readers, what do you make of that asking price? GMAP

25 Comment

  • This agency is notorious for inflated asking prices. I pity the fool who pays within 15 or 20 percent of that.

  • Another important detail this listing omits is that it’s a walk-up.

  • That laundry/dressing room is pretty awesome. I believe the apartment is 2000 square feet and 2 floors is very unique for Jackson Heights.

  • Several of the nicer coops in the area (Hawthorne Court, The Towers, The Chateau) have already have units sold or are in contract for around this price. This is the new reality but it is actually still a bargain. Jackson Heights is a great area and is just being discovered.

  • NYC4 = the notorious agency identified by Henrich

  • Henrich = competing real estate company troll

  • The price is reasonable; it’s the maintenance that sucks. $1600 per month is a lot, and it’s just going to keep rising.

    And car owners would have to deal with woeful street parking.

    • The maintenance IS high, but street parking in Queens in better than in Manhattan and Brownstone Brooklyn. You only have to move your car once a week instead of twice. That said, street parking anywhere in NYC is not fun.

  • I’m not in the real estate business; just someone who lived in JH and moved on. JH is not Park Slope. When the neighborhood is cleared of its scourge of Hispanic ghetto renters that destroyed it in the 80s, when the schools are up to snuff, and when there are retail and restaurant options befitting an upscale neighborhood… Then and only then should anyone consider investing a million dollars for an apartment there. JH has a long way to go before it gets to that point.

  • “JH is not Park Slope”

    Right, which is the reason this place would be asking more than twice as much if it were in Park Slope.

    So, bigotry aside, what was your point?

    • Thank you. And there’s no “scourge” of anything in JH. It’s not Park Slope (which is good, because I am not a fan, except of the architecture and park), but as Time’s Up points out, if it was, it would be way more expensive. Plus, it’s definitely a neighborhood that’s being discovered.

  • This is a lovely, unique apt but while the kitchen and bathroom have tons of pre-war charm, they seem not modern enough or high end enough to command such a price. Pretty apt though. Also wish they had pics of the “private” yard.

  • Yes, this place would cost twice as much if it were in Park Slope. But this kind of pricing in JH implies that Park Slope is only twice as good a neighborhood as Jackson Heights, which is far from being the case. Park Slope is a large, uniformly beautiful neighborhood, surrounded by other beautiful neighborhoods; JH is a 30-square block mix of elegant pre-war and absolutely horrid postwar, bordered by crime ridden dumps like Corona and Elmhurst. It’s a place where highly educated professionals are not a minority – as they are in JH, where more than half the apartments are populated by poor immigrants, bedbugs and cockroaches. It has beautiful retail and fabulous and diverse dining options – not ugly discount stores and dozens of cheap arepa joints, like JH. It has some of the best schools in the city. It borders the second best park in NYC, whereas JH has no park, only an overcrowded asphalt playground. That was a mouthful. I’m sure my point has been made. Buyers out there, be rational – and remember what led to the last burst real estate bubble!

  • And for the record, I do think this looks like a nice apartment. I just think, in light of all the above, that $750-800K is a more appropriate price.

  • I really don’t know what analysis they use to come up with these ridiculous prices. Do they think living near overcrowded trains, a Starbucks, and calling the building “Hampton Court” justifies inflating prices over 40%? What is all the maintenance for? $1600 maintenance is Manhattan luxury rates, so where is the parking garage? No pool, doorman? gym? bike storage? elevator? rooftop lounge? security system? central AC? views of the water/Manhattan (seeing a tiny silhoette of the top of the empire state building doesn’t count) The walk-in closet/laundry room and private garden is nice, but still not enough for me to plunk down the required 30% minimum required by this co-op board.

    A multi-family house of similar size and in great condition would be what I would expect for $950,000. Not some done-up, repainted co-op in an ancient building.

  • Wow, hispanic ghetto renters! Really? Henrich, I think you’ve revealed who you truly are with your posts. JH is one of the most diverse neighborhoods in the nation including Hispanics who have brought their culture with them. This can be seen in the wonderful restaurants and shops along 37th Avenue. As a hispanic, I’m offended. and cannot believe you live in NYC. I did the gardens tour this summer and got to see many of the coops and their gardens, in one word, beautiful. Personally, I think the neighborhood is changing quickly and the prices are reflecting that reality.

  • No, the neighborhood has not changed. And neither have the tactics of real estate people like you who manufacture bubbles for a living. I still have many friends in the neighborhood and they’ve told me how apartments are being listed for 20%+ more than they were just a year ago. That’s crazy, and totally irrational considering we’re still talking about the same old JH… Still no gym in the neighborhood, no tasteful retail or eateries, overcrowded crappy schools, a poor excuse for a park, and yes, sorry to say – an overwhelming number of loud, dirty, uneducated people from south of the border who detract from the key selling point: the 1920s, prewar glamour ambience the place was designed to have. At least some of that will have to change before anybody in their right mind will spend a million bucks to live there.

    • Yes, the neighborhood IS changing and has changed quite a bit in the ten years I’ve lived here. There is a yoga studio and a chain gym, Blink, will open next month. The schools in the neighborhood all have A ratings and great reviews on ratings sites (and I’m betting you don’t have school-age kids so you have no idea.)

      No, the neighborhood is not perfect (what neighborhood is?) but it’s a good place to live, and I have a beautiful, affordable apartment (and yes, my spouse and I are both highly educated professionals).

      You sound like Archie Bunker, so glad you left the neighborhood. Your vitriol speaks for itself.

  • I’m no Archie Bunker, more like George Jefferson… movin’ on up and the heck out of JH. We actually DO have school-aged kids, which is precisely one of the reasons we left. The JH schools’ “A” ratings that you cite evidently don’t take things like overcrowding, parental literacy level and repeated bedbug infestations into account! No gracias.

  • The owner of MPC even listed his own apt at an inflated price just to artificially drive up prices (35-20 77th Street @ 895). Don’t trust their listings!