I suppose there are other amenities too.
Per Corcoran:
Investor Friendly Coop with private back yard! Great Investment Opportunity, rent out right away! No board approval, all cash required. Prime East Village renovated one bedroom with a huge sun flooded private garden, totaling over 1100 sqft. This newly renovated one bed/one bath coop offers a tranquil indoor space with plenty of pre-war details, including exposed brick, hardwood floors and high ceilings. Recently renovated kitchen and bath create a nice relationship of pre-war detail with modern amenities, such as Bosch dishwasher, washer and dryer and well appointed closets with storage space. Move from the beautiful indoor space directly into your outdoor oasis, which has been designed by a landscape architect and features wood decking, a separate fieldstone patio, and Japanese maples among other year round and seasonal plantings.
This coop is located around the corner from Tompkins Square Park as well as several other East Village gardens, restaurants, and shopping. There is no board approval and flexible purchasing is allowed, purchasing for someone else, investment, guarantors and pied-a-terres are all fine. This building is pet friendly.
And the price continues to fall...since February, the price has come down some 40 percent, according to Streeteasy...
02/17/2010 -- Listed by Corcoran at $650,000.
03/24/2010 -- Price decreased by 8% to $599,000.
06/10/2010 -- Price decreased by 17% to $499,000.
08/05/2010 -- Price decreased by 15% to $425,000.
No takers yet for this oasis? Maybe it's the neighbors?