161 W 15 drops down to add up to contract : Manhattan Loft Guy

Manhattan Loft Guy

Dec. 26, 2007 - 161 W 15 drops down to add up to contract

12 weeks + 2 drops = contract near $1,000/ft?
I hit #2H at 161 West 15 Street when it was new, on October 3, asking will the new one at 161 W 15 St add up?. That was when it was asking $1.949mm and $1,233/mo for "1,850 sq ft" that – as I said then -- was

very enthusiastically presented ("stunning", "one of a kind", "meticulously renovated" in an "imposing, fantastically convenient building"). Cook's kitchen with the proper proper nouns. Central air. 14 foot vaulted ceilings.

They must have been motivated, as the priced dropped within four weeks to $1.895mm and on December 10 to $1.839mm. That price drop succeeded in generating a willing buyer with a pen, as a contract was signed as of today’s updates.

sell this year? check
That will make for a happy new year for the seller (and buyer, no doubt).

tough footprint
The challenge of the (nearly square) footprint is obvious: the 4 west windows are it, so you either put any bedrooms on the dark walls near the front door (as the seller has done) or use all the windows for bedrooms and have the public space in the dark. With the plumbing along the north wall, the larger of 2 bedrooms in the current configuration is a stroll-in-PJs from the ‘public’ bathroom, with the smaller (guest) bedroom en suite. Hardly an ideal layout, but perhaps the most logical one once you have decided to maximize the windows and light. Especially as those second floor windows overlook Seventh Avenue.

My guess is that the seller is disappointed not to have gotten $1,000/ft after #5A closed a year ago at $1.475mm for “1,450 sq ft”. My second guess is that the seller is relieved to be in contract within 12 weeks.

© Sandy Mattingly 2007

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View more entries tagged with: West 15, Jensen Lewis, Vaulted Ceiling, Kitchen, Contract, Second Floor

Nov. 11, 2009 - RE: 161 W 15 drops down to add up to contract

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