Well, maybe we could play skee-ball during dinner parties...
March 9, 2008 11:46 AM Subscribe
Should we pass on this great apartment we've found because the floor slants a bit?
posted by TryTheTilapia to home & garden (19 answers total)
We've found an apartment in Brooklyn co-op we interested in buying. There is one problem - the floor slopes a bit in the hallway and into the master bedroom, and there is noticeable crack in the wall above the bedroom doorway where the foundation has settled. Welcome to New York real estate if you're not a millionaire.
The apartment is in great shape otherwise and a good size. The problem is concentrated to one patch of floor. The price is a little high, but the seller is motivated (he has a job offer in another state) and we feel we could get the asking price down to within a more comfortable range. We love the neighborhood and the street, there's public transportation nearby, the building has no underlying mortgage so our maintenance would be considerably lower than other places we've viewed. The building is well-maintained and managed, and the co-op board consists of all of three people. Average approval, we're told, takes one week.
The building was built in 1930. We're told by the real estate agent that co-op investigated the matter and it was determined there wasn't much that could be done - old buildings settle, and so forth. One owner in a lower unit apparently had their floors evened out for about $13,000. Of course, the agent is trying to sell the apartment, so we're taking this info with a grain of salt.
Questions - how big a problem is this? Anybody have experience leveling out a floor like this? Would this be a deal-breaker for you? Is this just the price of wanting to live in a Pre-War building? If we went for it, what kind of reduction in the asking price would be appropriate? Too big a risk? Any experience, advice, cautionary tales, encouragement or insight appreciated.